Global Domestic Booster Pump Market to Reach $5.4 Billion by 2030
The global market for Domestic Booster Pump estimated at US$3.5 Billion in the year 2023, is expected to reach US$5.4 Billion by 2030, growing at a CAGR of 6.3% over the period 2023-2030. Multiple Stage Booster Pump, one of the segments analyzed in the report, is expected to record 6.9% CAGR and reach US$3.6 Billion by the end of the analysis period. Growth in the Single Stage Booster Pump segment is estimated at 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $937.3 Million, While China is Forecast to Grow at 10.7% CAGR
The Domestic Booster Pump market in the U.S. is estimated at US$937.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 6.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
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