Water and Wastewater Pumps Market - Global Outlook & Forecast 2023-2028

Water and Wastewater Pumps Market - Global Outlook & Forecast 2023-2028

The global water and wastewater pumps market is expected to grow at a CAGR of 5.22% from 2022-2028.

MARKET TRENDS & OPPORTUNITIES

High Focus on Seawater Desalination

Desalination is an effective way to obtain freshwater for human consumption and other purposes. Many regions facing freshwater scarcity are close to the sea, making desalination a viable solution for their water needs. The key goal for desalination's future is to increase desalination plants' capacity while minimizing their environmental impact. As water scarcity persists and the demand for freshwater rises, desalination plays a crucial role in ensuring access to clean water for millions worldwide. The water and wastewater pumps market is vital in desalination, enabling seawater conversion into freshwater by removing salt and impurities. The desalination process typically involves two primary methods: reverse osmosis (RO) and multi-stage flash distillation (MSF) or multi-effect distillation (MED). Pumps are essential components in both methods, helping to facilitate the various desalination stages.

Aging Infrastructure of Water Treatment Plants

The aging water infrastructure of water treatment plants is a significant driver that directly impacts the water and wastewater pumps market. Water treatment plants are essential components of the water supply and wastewater management systems, ensuring safe drinking water and effective wastewater treatment. The need to address maintenance challenges, improve energy efficiency, adapt to evolving water treatment practices, and comply with regulations drives the demand for new and advanced pump technologies. Upgrading pump systems in aging water treatment plants is essential to ensure the delivery of safe and clean water to communities while optimizing water management practices for a sustainable future.

INDUSTRY RESTRAINTS

High Operational Costs

The high operational cost in the water and wastewater pumps market presents a significant challenge for water utilities and industries involved in water management. Pumps are energy-intensive devices, and their continuous operation contributes to high electricity bills. Implementing energy-efficient pump technologies, such as variable speed drives and recovery systems, can help reduce energy consumption and operational costs. In addition, regular maintenance and occasional repairs are essential to keep pumps running smoothly. However, unexpected breakdowns and the need for emergency repairs can lead to increased operational costs. Implementing preventive maintenance programs and investing in high-quality, reliable pump systems can help minimize maintenance expenses.

SEGMENTATION INSIGHTS

INSIGHTS BY TYPE

The demand for centrifugal pumps dominates the global water and wastewater pumps market. The centrifugal pump segment is prominent and critical in the water and wastewater pump market. High-pressure multistage centrifugal pumps are mainly used in steam boilers in the power generation sector. These pumps are highly applicable for handling a wide range of water and wastewater applications, such as distributing portable water to residents and water supply for various municipalities across various cities. However, positive displacement pumps are highly preferred in the market for handling fluids with solids and other abrasives.

Segmentation By Type

• Centrifugal
• Positive Displacement

INSIGHTS BY APPLICATION

The clean water segment dominated the global water and wastewater pumps market by application type in 2022. The clean water pump segment includes diverse pump types designed to cater to specific applications and pumping requirements in pure water systems. Centrifugal pumps are widely used in clean water applications due to their high efficiency, versatility, and ease of maintenance. However, wastewater pumps play a vital role in transporting and treating wastewater from various sources, ensuring the safe disposal or reuse of water while protecting the environment and public health.

Segmentation By Application

• Clean water
• Wastewater

INSIGHT BY DISTRIBUTION CHANNEL

The direct distribution channel will dominate the water and wastewater pumps market. Certain vendors in the market adopt a dual approach by utilizing both direct and indirect sales channels simultaneously. In contrast, others have transitioned exclusively to an indirect sales model to enhance their business operations. However, establishing, executing, and expanding an indirect sales channel poses significant business challenges and costs. In the present market landscape, direct and indirect sales strategies coexist and carry equivalent significance. Thus, a direct sales channel permits consumers to purchase goods directly from manufacturers. Numerous water and wastewater pump market vendors offer their products now through their official websites.

Segmentation By Distribution Channel

• Direct Channel
• Indirect Channel

GEOGRAPHICAL ANALYSIS

APAC held the most significant global water and wastewater pumps market share in 2022, accounting for more than 38%. Strong economic growth, the establishment of new businesses, company expansions, and increased industrial activities are mainly driving the demand for water and wastewater pumps in the region. Infrastructural development, replacement, and launch of wastewater treatment schemes are expected to drive market growth during the forecast period. In mature markets such as APAC and Europe, the change is mainly driven by product innovations introduced by the key players.

Segmentation by Geography

• APAC
• China
• Japan
• India
• Australia
• South Korea
• Others
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Others
• North America
• US
• Canada
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Others
• Latin America
• Brazil
• Mexico
• Argentina
• Others

COMPETITIVE LANDSCAPE

The global water and wastewater pumps market is highly fragmented, with many top organizations operating. Some prominent market players are Franklin Electric, Kirloskar Brothers, KSB, Sulzer, Weir, WILO, and Xylem. The ability to use product portfolios, solutions, and services to meet customer needs is a competitive strength in the water and wastewater pumps market. The market approach is to create value for the customers throughout the life cycle of their investments in flow control management.

Key Company Profiles

• Baker Hughes
• CIRCOR
• Desmi
• Flowserve Corporation
• Franklin Electric
• Kirloskar Brothers
• KSB
• Nikkiso
• SPX FLOW
• Sulzer
• Torishima
• Weir
• Wilo
• Xylem

Other Prominent Vendors

• Arian Pumps
• CP Pumpen AG
• Dickow Pump Company
• Dover
• Ebara
• Global Pump
• Grundfos
• Haight Pumps
• IDEX
• Iwaki America
• Jetox Motor Pumps
• Klaus Union
• Leitritz Group
• Masdaf
• Naniwa Pump
• Norm Hydrophore Pump
• Pentair
• PUMPPORT
• Roper Pumps
• Roth Pump
• Ruhrpumpen
• Ryan Herco Flow Solutions
• Sahinler Submersible Pump
• Samsun Makina Sanayi
• Seepex
• Seko
• Sempa
• Sumak Pump
• Summit Pump
• Tark
• TEIKOKU ELECTRIC
• Vasan Water Technologies
• Vaughan
• Vestapump
• Zoeller

KEY QUESTIONS ANSWERED:

1. How big is the water and wastewater pumps market?

2. What is the growth rate of the global water and wastewater pumps market?

3. Which region dominates the global water and wastewater pumps market share?

4. What are the significant trends in the water and wastewater pumps market?

5. Who are the key players in the global water and wastewater pumps market?