Markntel Advisors’ report, Water Pumps Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Water Pumps presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Water Pumps Market Research Report & Market Summary:
The Global Water Pump Market size was valued at around USD 47.40 billion in 2024 and is projected to reach USD 58.18 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.72% during the forecast period, i.e., 2025-30. 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.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/global-water-pumps-market.html
Water Pumps Market Dynamics:
Key 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 Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
- Centrifugal Pump–Market Size & Forecast 2020–2030F, USD Million
- Positive Displacement Pump – Market Size & Forecast 2020 – 2030F, USD Million
Centrifugal pumps are high-speed pumps that cause the shearing of fluid, making them suitable for the transportation of low-viscosity materials.
By End User
- Oil & Gas - Market Size & Forecast 2020-2030F, USD Million
- Power Generation - Market Size & Forecast 2020-2030F, USD Million
- Residential – Market Size & Forecast 2020-2030F, USD Million
- Agriculture & Irrigation – Market Size & Forecast 2020-2030F, USD Million
- Commercial Building – Market Size & Forecast 2020-2030F, USD Million
- HVAC – Market Size & Forecast 2020-2030F, USD Million
- Chemicals – Market Size & Forecast 2020-2030F, USD Million
- Water & Wastewater – Market Size & Forecast 2020-2030F, USD Million
- Food & Beverage – Market Size & Forecast 2020-2030F, USD Million
- Others– Market Size & Forecast 2020-2030F, USD Million
The power generation segment holds a significant market share due to the increasing demand for energy and the need for continuous power supply to cities and industrial units. Significant investments from both the private and public sectors in establishing new renewable power units have driven a global increase in the demand for water pumps. Moreover, among the various power types, nuclear & hydropower are two of the most prominently growing segments offering renewable & clean energy.
By Region
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa.
The Asia-Pacific region captured the largest share of the Global Water Pump Market because of sizable agricultural lands and a boom in the end-user industries, consisting of water & wastewater treatment and food & beverages, among others, which is augmenting the demand for water pumps in the region.
As indicated in the latest market research report published by Markntel Advisors, “Water Pumps Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Water Pumps industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/global-water-pumps-market.html
Top Companies Operating in the Water Pumps Market:
- Flowserve Corporation
- Pentair PLC
- Sulzer Limited
- Kirloskar Brothers Limited (KBL)
- Grundfos
- Xylem Inc.
- KSB Group
- Wilo
- ITT Inc.
- Torishima Pump MFG. Co. LTD.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Water Pumps Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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