Water Pump Market Projected to Hit USD 58.18 Billion by 2030, Growing at a CAGR of 3.72% | MarkNtel

A Quick Overview of Water Pump Market

• Base Year: 2024

• Historical Years: 2020-2023

• Forecast Years: 2025-2030

• Market Growth Rate: 3.72% (2025-2030)

• Market Value in 2024: USD 47.40 Billion

• Market Value in 2030: USD 58.18 Billion

This report delves into the Global Water Pumps Market, analyzing key trends impacting growth, segmentations based on type and application, and offering a competitive analysis of major players in the industry. Furthermore, it provides a regional overview highlighting market opportunities and strategic insights for stakeholders to harness the growth potential in various geographical markets.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐌𝐨𝐫𝐞 - https://www.marknteladvisors.com/query/request-sample/global-water-pumps-market.html

Market Dynamics:

Driver-

One of the primary drivers of the water pumps market is the extensive growth of the oil and gas industry. As a critical energy sector, its expanding operations significantly boost demand for water pumps in extraction and processing facilities. The International Labour Organisation estimated that the oil sector accounted for 3% of global GDP in 2020, and the anticipated increase in oil demand has prompted major industry players to enhance their production capabilities. Countries like Brazil and Guyana are investing in new oil and gas plants, augmenting the need for efficient water management systems, including pumps. As the global energy sector becomes more interconnected, the demand for advanced water pumps is projected to rise, thereby driving market expansion.

Water Pump Market Report Segmentation:

The report by MarkNtel Advisors on Water Pump Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

• Centrifugal Pump

• Positive Displacement Pump

By End User

• Oil & Gas

• Power Generation

• Residential

• Agriculture & Irrigation

• Commercial Building

• HVAC

• Chemicals

• Water & Wastewater

• Food & Beverage

• Others

- 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

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐨𝐫 𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐌𝐨𝐫𝐞 - https://www.marknteladvisors.com/research-library/global-water-pumps-market.html

Some of the Top Water Pump Companies in the Market

In the fast-changing Water Pump Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• Flowserve Corporation

• Pentair PLC

• Sulzer Limited

• Kirloskar Brothers Limited (KBL)

• Grundfos

• Xylem Inc.

• KSB Group

• Wilo

• ITT Inc.

• Torishima Pump MFG. Co. LTD.

• Others

Key Questions Addressed in the Report

• What is the expected CAGR of the global water pumps market during the forecast period?

• Which factors primarily drive the growth of the water pumps market?

• Which segment currently holds the largest share in the water pumps market?

• How are smart technologies influencing the global water pumps market?

• What challenges does the industry face regarding the integration of advanced motor pumps into existing infrastructures?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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