Water Pump Market size was valued at US$ 56.25 Bn. in 2023 and the total revenue is expected to grow at 5.6 % through 2024 to 2030, reaching nearly US$ 82.37 Bn.
Water Pump Market Overview:
The Water Pump Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Water Pump Market, as well as the causes for variances in the industry’s growth in various places
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Water Pump Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Water Pump Market Drivers:
Growing dependency on groundwater and irregularity in monsoon are catalysing demand for water pumps in the agricultural segment. Government efforts to improve water infrastructure, water supply and sanitation services across the country are expected to further drive the use of water pumps in the country. Increase in focus on the development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing structure. New infrastructure projects are some of the other major factors that are expected to propel demand for water pumps in India during the forecast period.
Demand for new high-efficiency water pumps are estimated to grow as outdated pumps and water pumps are upgraded in industrial application. Another key aspect that will favourably affect the water pump market is the alternative of diesel pumps with electric ones. Water pump service companies and manufacturers, in particular, are emphasising the importance of capitalising on this growing demand.
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Water Pump Market Segmentation:
by Pump Type
Centrifugal Pump
Positive Displacement water pump
Others
by End-User
Oil and Gas
Chemical
Power Generation
Water and Wastewater
General Industry
by Driving Force
Electric Driven
Engine Driven
by Distribution Channel
Direct Sales
Indirect Sales
Water Pump Market Key Players: The key players are
1.Gardner Denver
2.Torishima Pump Mfg. Co.
3.General Electric Company
4.Weir Group PLC
5.Weatherford International Inc
6.ITT Inc.
7.PROCON Products
8.KSB Group
9.Kirloskar Brothers Limited
10.Sulzer Ltd.
11.Atlas Copco
12.Baker Hughes Incorporated
13.Busch LLC
14.ClydeUnion Pumps
15.Ebara Corporation
16.Flowserve Corporation
17.Halliburton Company
18.ULVAC Technologies
19.Jyoti Ltd
20.Shakti Pumps India Ltd
21.CNP Pumps India Pvt Ltd
22.CRI Pumps Pvt Ltd
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Water Pump Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Water Pump Market Report are:
1] What segments are covered in Market report?
Ans. The segments covered in Market report are based on Pump Type, End-User, Driving Force, Distribution Channel.
2] Which region is expected to hold the highest share in the Global Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Market.
3] What is the market size of Global Market by 2030?
Ans. The market size of Global Market by 2030 is US $ 82.37 Bn.
4] Who are the top key players in the Global Market?
Ans. Gardner Denver, Torishima Pump Mfg. Co., General Electric Company, Weir Group PLC, Weatherford International Inc. and ITT Inc. are the top key players in the Global Market.
5] What was the market size of Global Market in 2023?
Ans. The market size of Global Market in 2023 was US $ 56.25 Bn.
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