Global Water Pumps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Water Pumps Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Water pump is a device that moves fluids by mechanical action. Pumps operate by some mechanism (typically reciprocating or rotary) and consume energy to perform mechanical work by moving the fluid. Pumps operate via many energy sources, including manual operation, electricity, engines, or wind power, come in many sizes, from microscopic for use in medical applications to large industrial pumps.

A water pump is a machine that transports liquids or pressurizes liquids. It transfers the mechanical energy of the prime mover or other external energy to the liquid to increase the energy of the liquid. Mainly used to transport liquids, including water, oil, acid-base liquids, emulsions, suspoemulsions and liquid metals. It can also transport liquids, gas mixtures and liquids containing suspended solids.

Market Overview:

The latest research study on the global Water Pumps market finds that the global Water Pumps market reached a value of USD 81325.0 million in 2022. It’s expected that the market will achieve USD 95793.0 million by 2028, exhibiting a CAGR of 2.77% during the forecast period.

Water Pumps Market Drivers

With the increasing advancement of global industrialization and the increasing demand for clean water, the application of water treatment technology is promoted, which in turn increases the demand for water pumps. The boom in industry and agriculture continues to increase the demand for high-efficiency water pumps. In recent years, the application of water pumps in this field has increased significantly, and it is expected to be the same in the next few years. All these have made a positive contribution to the growth of the global water pump market. The continuous increase in the number of water treatment, wastewater recycling and treatment plants in the world, especially in emerging economies, is one of the important driving forces driving the development of the water pump market.

The booming e-commerce industry provides consumers and manufacturers with better opportunities through a large number of offers. These online portals are expanding the availability of water pumps to promote products to cater to customers around the world. It is expected that the increase in promotional activities through online sales channels will provide the most favorable opportunities for major players in the global water pump market in the next few years. The governments of several countries have also introduced more plans. In particular, emerging economies have provided extensive support to the pharmaceutical industry, which has positively affected the sales of global water pumps. The emergence of various platforms has further driven the development of the water pump market.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Grundfos is one of the major players operating in the Water Pumps market, holding a share of 44.63% in 2021.

Grundfos is the largest pump manufacturer in the world, based in Denmark, with more than 19,000 employees globally.

The annual production of more than 16 million pump units, circulator pumps (UP), submersible pumps (SP), and centrifugal pumps (CR). Grundfos also produces electric motors for the pumps as well as electric motors for separate merchandising. Grundfos develops and sells electronics for controls for pumps and other systems.

Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Flowserve sells products and offers aftermarket services to engineering and construction firms, original equipment manufacturers, distributors and end users. The Flowserve brand name originated in 1997 with a merger of BW/IP and Durco International. Flowserve comprises over 48 fluid motion and control products.

Segmentation Overview:

Among different product types, Centrifugal Pump segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Water Pumps market covered in Chapter 3:

LEO Group
Flowserve
East Pump
WILO
Ebara
Kirloskar Brothers
Panda Machinery
Shanghai Kaiquan
CNP
Goulds Pumps
KSB
Pentair
Torishima Pump
Xylem
Grundfos
LianCheng Group
Sulzer
SHIMGE

In Chapter 4 and Chapter 14.2, on the basis of types, the Water Pumps market from 2018 to 2029 is primarily split into:

Centrifugal Pump
Diaphragm Pump
Reciprocating Pump
Rotary Pump
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Water Pumps market from 2018 to 2029 covers:

Industrial
Household
Agricultural
Municipal
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)