How Big is the Water Pumps Market?

The Global Water Pump Market size was valued at around USD 45.95 billion in 2023 & is estimated to grow at a CAGR of around 4.72% during the forecast period, i.e., 2024-30. Growing urbanization in the different countries has led to the enlargement of towns as well as the migration of the population from rural to urban areas. There is extensive urbanization in developing regions which includes the Asia-Pacific, the Middle East, and the African region, because of which the development of residential & commercial spaces has grown more in these regions. Subsequently, enhancing the need for proper water supply & management.

Market Statistics

• Market Size in 2023: USD 45.95 billion
• Market Growth Rate (CAGR): 4.72% from 2024-2030

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Water Pumps Market Insight:

Driver-

Extensive Growth of the Oil & Gas Industries Augmenting the Demand for Water Pumps –  The main sectors in the energy market and important players in the international economy, oil and natural gas, are the main suppliers of fuel worldwide. The International Labour Organisation estimates that the oil sector contributed 3% of GDP in 2020 and that crude oil commerce was worth USD 640 billion, making it one of the most traded commodities globally. For many industries, such as electricity generation, petrochemicals, transportation, etc., oil is an important energy source, which constantly raises demand for it. The continual rise in demand for oil as a critical energy source for a variety of industries, including power generation and transportation, has increased the demand for water pumps used in oil extraction and processing. Furthermore, the major participants in the oil and gas sectors have been presenting strategies to increase their production capacity by constructing new production bases or extending their existing oil manufacturing facilities. For instance,

• In 2023, Hindustan Petroleum Corp. (HPCL) announced plans to start a Barmer refinery and petrochemical project by 2024 in India to reduce petrochemical imports.

Further, the governments of countries such as Brazil, Guyana, etc., are also focusing on strengthening their energy security by planning to establish new oil & gas plants. Thus, the inception of new oil & gas industries to mitigate the reliance on other countries for oil & gas imports would further augment the size & volume of the Global Water Pump Market in the coming years.

 Water Pumps Market Segmentation:

The report has segmented the market into the following categories:

By Type

• Centrifugal Pump–Market Size & Forecast 2019–2030F, USD Million
• Positive Displacement Pump – Market Size & Forecast 2019 – 2030F, USD Million

By End User

• Oil & Gas - Market Size & Forecast 2019-2030F, USD Million
• Power Generation - Market Size & Forecast 2019-2030F, USD Million
• Residential – Market Size & Forecast 2019-2030F, USD Million
• Agriculture & Irrigation – Market Size & Forecast 2019-2030F, USD Million
• Commercial Building – Market Size & Forecast 2019-2030F, USD Million
• HVAC – Market Size & Forecast 2019-2030F, USD Million
• Chemicals – Market Size & Forecast 2019-2030F, USD Million
• Water & Wastewater – Market Size & Forecast 2019-2030F, USD Million
• Food & Beverage – Market Size & Forecast 2019-2030F, USD Million
• Others– Market Size & Forecast 2019-2030F, USD Million

By Region

• Asia-Pacific
• North America
• South America
• Europe
• Middle East & Africa

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Competitive Landscape:

• Flowserve Corporation
• Pentair PLC
• Sulzer Limited
• Kirloskar Brothers Limited (KBL)
• Grundfos
• Xylem Inc.
• KSB Group
• Wilo
• ITT Inc.
• Torishima Pump MFG. Co. LTD.
•  

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

• Market Performance (2024-2030)
• Strategic Recommendations
• Current, Historical and Future Market Trends
• Market Drivers and Leading Competitor
• SWOT Analysis
• Structure of the Market
• Comprehensive Mapping and Recent Advancement

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