Global Sea Water Pumps Market Revenue Estimated to Surpass USD 1.6 Billion Mark by 2028, Driven by 4.3% CAGR | FMI Study

The global sea water pump market is projected to reach USD 1.6 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 4.3% from 2022. This growth is fueled by the increasing demand for water treatment solutions and the continued dominance of centrifugal pumps within the market.

In 2022, the sea water pump market surpassed a significant milestone, reaching a valuation exceeding USD 1.3 billion. This steady expansion highlights the broadening utilization of sea water pumps across various applications.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.futuremarketinsights.com/report-sample#5245502d47422d34393330

Centrifugal pumps are expected to remain the top-selling product category within the market. Renowned for their exceptional efficiency and cost-effectiveness, these pumps offer a compelling value proposition for a wide range of end-users across diverse industries. Their remarkable versatility and unwavering reliability make them ideal for a multitude of seawater pumping applications.

Future Market Insights has released a comprehensive half-yearly analysis comparing growth forecasts and key developments in the sea water pumps market. This analysis comes in light of increased investments in oil drilling activities by various countries, driven by industrialization and population expansion trends.

This heightened focus on oil drilling activities has resulted in a notable surge in demand for centrifugal sea water pumps. Additionally, to address the rising need for fresh water, numerous desalination plants are being constructed. Consequently, the sea water pumps market is poised for rapid expansion in the upcoming years.

According to Future Market Insights' analysis, there has been a decrease of 24 units in the BPS (Basis Point Scale) values identified in the sea water pumps market in H1 2022 compared to the projected figures for H1 2022. Notably, this marks a 16 BPS dip in the market compared to H1 2021.

"Sea water pumps are utilized in a variety of applications, ranging from ship building to desalination plants. Each of the applications has a different requirement, and therefore, enterprises are developing products as per specific demand."

𝐁𝐫𝐨𝐰𝐬𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬! https://www.futuremarketinsights.com/reports/sea-water-pumps-market

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐨𝐟 𝐒𝐞𝐚 𝐖𝐚𝐭𝐞𝐫 𝐏𝐮𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲:

- The centrifugal sea water pumps segment is expected to hold major share of the global sea water pumps market value as compared to positive displacement sea water pumps.

- On the basis of end use, the ships segment is expected to hold prominent value share of the global sea water pumps market. These pumps are used in weight transfer function, firefighting, bilge pumping, and high pressure pumping an air conditioners.

- By sales channel, offline sales channel is estimated to remain a key segment on the back of consumer preference towards customized sea water pumps.

- Asia Pacific is projected to hold prominent market share in terms of value in the global sea water pumps market. This growth is being propelled by rapid increase in ship building in countries such as China, South Korea, and Japan. These countries hold 70% share of the ship building market.

- However, the Middle East & Africa sea water pumps market is expected to project lucrative growth during the forecast period. This growth is attributable to increasing investments for desalination plants in the region.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝:

KSB SE & Co. KGaA
Xylem Inc.
Sulzer Ltd
Torishima Pump Mfg. Co.
Danfoss A/S, ITT INC.
Flowserve Corporation
Ebara Corporation
WILO SE
Grundfos Holding
The Weir Group PLC
Alfa laval
Kubota Corporation
AxFlow Holding AB
Kirloskar Brothers Ltd.
Franklin Electric Co. Inc.
Tsurumi Manufacturing Co. Ltd.
Schlumberger Limited
Eureka Pumps AS

𝐔𝐧𝐥𝐞𝐚𝐬𝐡 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐖𝐢𝐭𝐡 𝐒𝐚𝐦𝐩𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫𝐬 𝐍𝐨𝐰! https://www.futuremarketinsights.com/report-sample#5245502d47422d34393330

𝐒𝐞𝐚 𝐖𝐚𝐭𝐞𝐫 𝐏𝐮𝐦𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:
Centrifugal Pumps
Positive Displacement Pumps

𝐁𝐲 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧:
Submersible
Non-submersible

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:
Ships
Ballast Transferring
Firefighting
Bilge Pumping
High Pressure Deck Washing/Engine Cooling
Air Conditioning
Desalination Plants
Oil Refineries

𝐁𝐲 𝐅𝐥𝐨𝐰 𝐑𝐚𝐭𝐞:
1 - 50 M3/H
51 - 150 M3/H
151 - 350 M3/H
351 - 500 s M3/H
Above 500 M3/H

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
North America
Latin America
Europe
Japan
APEJ
MEA

𝐅𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐭𝐨 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 - 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐮𝐱𝐢𝐥𝐢𝐚𝐫𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐬! https://www.futuremarketinsights.com/industry-analysis/automation-auxiliary

𝐁𝐫𝐨𝐰𝐬𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈):

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