Water Pumps Market Size & Market Share Data, Latest Trend Analysis and Future Growth Intelligence Report - Forecast by Product, Analysis and Outlook from 2023 to 2030

Market Overview:

The Water Pumps Market is Expected to Grow at A Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

A water pump is a piece of equipment that raises the pressure of water to push liquid water from one location to another with more force. Water siphons are mechanical gadgets used to move water starting with one area and then onto the next. They can be used for irrigation, drainage, and water transportation for residential and commercial purposes, among other things. Water pumps can come in a variety of sizes, designs, and models, each of which is made to serve a particular purpose. Centrifugal pumps, submersible pumps, jet pumps, well pumps, solar pumps, and hand pumps are the most prevalent types of water pumps.

Top Key Players Covered in The Water Pumps Market
Ebara International Corporation (Japan), Flowserve Corporation (US), Gorman-Rupp Company (US), KGAA (Germany), Sulzer LTD 9 (Switzerland), Tsurumi Manufacturing Co. Ltd. (Japan), ATLAS COPCO (Sweden), Baker Hughes (US), WILO SE (Germany), Grundfos (Denmark), Husqvarna AB (Sweden), Xylem (US) and Other Major Players.

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• Brief Introduction to the research report.
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Market Dynamics:

Driver:

The water pump market has been significantly influenced by the expansion of the oil and gas sectors. Drilling, well completion, and water injection are just a few of the many uses for water pumps in the oil and gas industry. The expanded interest for oil and gas all over the planet has prompted a huge expansion in the utilization of water siphons in these businesses. Additionally, technological advancements have made it possible to extract oil and gas from deeper reservoirs, requiring more sophisticated pumping equipment.

Opportunities:

The water Pumps market presents huge open doors for mechanical development, with progress in shrewd siphons, environmentally friendly power sources, and toughness and unwavering quality all driving enhancements in the exhibition and usefulness of these fundamental gadgets. The creation of smart pumps that can be controlled and monitored from a distance, the application of renewable energy sources like solar power to drive pumps, and the incorporation of advanced sensors and monitoring systems that are able to detect and diagnose issues prior to causing pump failures are some of the primary areas in which innovation is taking place.

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Regional Analysis of The Water Pumps Market
Asia Pacific is Expected to Dominate the Market Over the Forecast period.
In 2021, Asia-Pacific had the highest water pump market share and is anticipated to secure the leading position during the forecast period. Asia-Pacific includes the majority of developing countries, such as India, Vietnam, and Indonesia, which exhibit lucrative opportunities for the water pump market. Moreover, growth in infrastructure development in emerging countries, such as India and China, is anticipated to cater to the growth of the water pump market.

By Type
• Centrifugal Pumps
• Positive Displacement Pumps

By Driving Force
• Electric Driven
• Engine Driven

By Application
• Oil & Gas
• Chemicals
• Power Generation
• Water/wastewater
• Others

Regional Analysis of The Water Pumps Market
Asia Pacific is Expected to Dominate the Market Over the Forecast period.
In 2021, Asia-Pacific had the highest water pump market share and is anticipated to secure the leading position during the forecast period. Asia-Pacific includes the majority of developing countries, such as India, Vietnam, and Indonesia, which exhibit lucrative opportunities for the water pump market. Moreover, growth in infrastructure development in emerging countries, such as India and China, is anticipated to cater to the growth of the water pump market.
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Water Pumps Market
In August 2022, Atlas Copco AB acquired CPC Pumps International Inc., which is based in Ontario, Canada and it specializes in the design and manufacturing of custom-engineered and mission-critical centrifugal pumps. This acquisition will strengthen the presence of Atlas Copco AB in the North American region.
In October 2020, EBARA CORPORATION acquired Hayward Gordon L.P. which is a leading manufacturer of pumps and mixers in the North American region. This acquisition will enhance the sales network of EBARA.

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