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Water Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023

Global Water Pump Market: Overview Water pumps are used in diverse applications across industries and the household sector. The rapid rate of urbanization and industrialization in developing countries has emerged as the key factor driving the globa
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Global Water Pump Market: Overview
Water pumps are used in diverse applications across industries and the household sector. The rapid rate of
urbanization and industrialization in developing countries has emerged as the key factor driving the global market
for water pumps. Uses of water pumps are plenty, but they are primarily used to provide a continuous supply of
water in industrial and commercial buildings, hospitals, houses, and others modern infrastructure. Water pumps are
also considered indispensable in agriculture to ensure the controlled supply of water to farming lands.
Complete Water Pump Market Report with TOC :
Based on end-use application, the water pump market can be segmented into four categories: industrial water
pumps, agriculture water pumps, domestic water pumps, and municipal water pumps. On the basis of technology,
the global water pumps market can be bifurcated into positive displacement design and centrifugal water pumps. Of
these, centrifugal water pumps are mostly used in buildings and for hot water circulation in industries. These pumps
are also used in fire protection systems and wells.
The report provides an in-depth study, covering the various factors influencing the market. It includes exhaustive
information about the social and economic factors and government policies shaping the market’s trajectory between
2016 and 2024. The report also identifies the most lucrative regional markets for water pumps. Using industryleading analytical tools, the report weighs the strengths and weaknesses of the major companies operating in the
Global Water Pump Market: Key Opportunities and Threats
Currently, Asia Pacific dominates the global water pump market, trailed by Europe and North America. The
infrastructural development witnessed in the emerging economies of Asia Pacific such as India and China has been
propelling the market for water pumps in the region.
In terms of product, centrifugal water pumps account for a major share in the market. The segment is expected to
exhibit robust growth during the forecast period, as demand from the oil & gas industry and municipalities continues
to rise.
The water pump market in Asia Pacific has been expanding significantly due to the increase in construction of
wastewater treatment and water recycling plants in India and China. Furthermore, with the advent of technologies
such as intelligent pump systems, the industry has been able to extend cost benefits to customers. These have
emerged as key factors augmenting the global water pump market.
The market is facing cutthroat competition from unorganized players in Asia Pacific, especially those operating in the
agricultural sector. Poor farmers living in the region are price sensitive; hence, they prefer spending on indigenous
water pumps instead of pumps from global brands. This is a key factor restraining the penetration of international
enterprises in the emerging economies.
Global Water Pump Market: Vendor Landscape
The global market for water pump is advancing toward consolidation with increasing number of mergers and
acquisitions reported worldwide. In 2013, the acquisitions of Finder Pompe SpA by Dover, PIMS Group by Xylem, and
Alaska Pump & Supply Inc. by DXP Enterprises were reported. Recently, Sulzer Ltd acquired 75% stake in Saudi
Pump Factory, which is the largest manufacturer of pumps in the Gulf.
In order to study the prevailing competitiveness in the market, the report also profiles companies such as Torishima
Pump Mfg. Co. Ltd., General Electric Company, and Watson-Marlow, Inc. The strengths and weaknesses of these
companies are studied in detail. The companies are profiled based on their product portfolio, financial overview,
strategies adopted, and development status.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical
data, and verifiable projections about market size. The projections featured in the report have been derived using
proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis
and information for every facet of the market, including but not limited to: Regional markets, technology, types, and
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Complete Water Pump Market Report with TOC :
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