Press release
Water Pump Market 2029 Prominent Players: Flowserve Corporation, Sulzer AG, Ebara Corporation
Water Pump Market
The global water pumps market is estimated to reach US$ 64 Bn valuation by the end of 2029.
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Key Insights of Water Pumps Market Study
Adoption of IoT-enabled smart pumping systems in industrial activities for performance monitoring and energy efficiency will drive global water pumps market growth.
Market focus on technological up-gradations, such as smart water pumps for water management systems, will offer major opportunities to enhance sales of water pumps among developing economies in Asia.
Efficiency of water pumps is projected to play a key role in propelling the demand for centrifugal pumps. Deployment of water pumps with high efficiency has resulted in a 15% rise in sales in developed economies such as the U.S., and this number is expected to grow during the forecast period.
South Asia and East Asia are projected to be prominent regional markets for water pumps, on the back of growing application in agriculture, water and wastewater treatment, and domestic applications, especially in India and China. Further, increasing government initiatives in India to provide clean drinking water are anticipated to amplify the demand for water pumps.
“Miniaturization of water pumps will increase their demand, especially submersible pumps that are used for domestic applications to get sufficient water. Moreover, it is expected to be a fast-growing and cost-efficient solution for next-generation production processes,” says a PMR analyst.
Water Pumps Market Participant Insights
The global water pumps market is fragmented, owing to the presence of a large number of international and domestic manufacturers. Moreover, numerous manufacturers are offering identical products of varying capacities as per end-user requirements. Leading market players are focusing on enhancing their presence in developing economies such as India, Indonesia, and Thailand, to expand their market presence, resulting in intensifying market competitiveness in emerging markets. This will also increase value-addition in product offerings through portfolio rationalization. Some of the key participants mentioned in the water pumps market report are Xylem Inc., Grundfos, Sulzer AG, and Wilo SE.
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To Know More about Water Pumps
Persistence Market Research (PMR) published a detailed study on the water pumps market, which includes global industry analysis for 2014-2018 and forecasts for 2019-2029. The report provides an insightful analysis of the market concentration across seven different regions, through three different segments – product type, application, and operation capacity. The report titled – ‘Water Pumps’ deliberates current installed base, product usage in various applications from domestic to industrial, as well as prevailing trends and technologies. Along with this, detailed value chain analysis pertaining procurement and aftermarket services has been presented in the report.
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The Industrial Automation team at Persistence Market Research provides expert opinions and incisive inputs about broad array of products used extensively in the manufacturing industry. The team has compiled comprehensive market research reports on gears, valves, bearings, special purpose machinery, and other key segments in this evolving landscape. In addition to offering syndicated market research studies, the team consults clients from all across the globe on their unique, strategic needs. Need help with your next project? Feel free to reach out.
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