Press release
Water Pump Market Demand, Analysis, Industry Growth, Trends, Product Price, Technology, Applications and Forecast to 2022
The global water pump market was valued at $42,435.1 million in 2015, and it is expected to grow at a CAGR of 5.9% during 2016 - 2022. The factors driving the growth of the global market include growing construction industry, increasing disposable income, growing water scarcity, rapid industrialization in developing economies, and increasing level of urbanization. By technology, the centrifugal water pump segment accounted for larger share in the total market in 2015, and it is expected to grow at a CAGR of 4.8% during the period 2016 - 2022.Access Full Report : www.psmarketresearch.com/market-analysis/water-pump-market
Among the various end-users, the municipal water and wastewater segment held the largest share in the global water pump market in 2015. The rapid growth of urban population is creating pressure on the existing water infrastructure, which includes delivery of utility water and removal and treatment of wastewater. To meet this growing demand, various governments in Asia and Africa are expected to increase their spending on irrigation and drinking water schemes.
Asia-Pacific held the largest share in the global water pump market with 42.9% share. The surging level of urbanization, rapid industrialization and increasing disposable income are some of the major driving forces for the Asia-Pacific water pump market, particularly in countries such as India and China. China is the largest market for water pumps in the region; however, India is expected to witness highest growth in the near future.
The information and data in the publication “Global Water Pump Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up and top down approach has been used to calculate the market size.
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Some of the major players operating in the global water pump market include Flowserve Corporation, Ebara Corporation, Sulzer Ltd., Grundfos Holding A/S, Kirloskar Brothers Limited, KSB Aktiengesellschaft, Gardner Denver Inc., ITT Corporation, Torishima Pump Mfg. Co., and The Weir Group PLC.
GLOBAL WATER PUMP MARKET SEGMENTATION
By Technology
Centrifugal Water Pump
Positive Displacement Water Pump
Rotary
Reciprocating
Others
By End-User
Municipal Water and Wastewater
Chemical
Oil and Gas
Energy
Others
GEOGRAPHICAL SEGMENTATION
By Region
North America
U.S.
Canada
Rest of North America
Europe
Western Europe
Eastern and Central Europe
Asia-Pacific
China
India
Rest of Asia-Pacific
Rest of the World (RoW)
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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