Press release
Water Pump Market Size & Share Outlook up to 2021
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On the basis of technology used, the global water pump market is segmented as a centrifugal pump, positive displacement pump, and others. The others segment is further sub-segmented as impulse pump, velocity pump, and valveless pump.Centrifugal pumps come under dynamic axisymmetric work-absorbing turbomachinery. A centrifugal pump converts rotational energy, mostly from a motor, to energy in a moving fluid. The reverse function of the centrifugal pump is a water turbine that converts water pressure’s potential energy into mechanical rotational energy.A positive displacement pump makes a fluid move by confining a fixed amount fluid and displacing that trapped volume into the discharge pipe.In addition, positive displacement pumps are also called as constant flow machines.Based on the mechanism used to transport the fluid, Asia Pacific the positive displacement pump segment is further sub-segmented as rotary type positive displacement pump, reciprocating-type positive displacement pump, and linear-type positive displacement pump.
Centrifugal pumps are widely used in buildings, wells, hot water circulation systems, and fire protection systems in various industries. Positive displacement pumps are used in various industries such as pharmaceutical, pulp and paper, food and beverage, chemical, and waste water treatment.
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Asia Pacific accounted for the highest market share of the water pump market and is anticipated to witness the highest growth in the near future. Europe and North America dominate the global market trailing Asia Pacific in terms of growth. Infrastructural development in the developing Asia-Pacific such as India and China is boosting the market for water pumps. In addition, increasing construction and waste water treatment in India and China also impact the water pump market in a positive way. Conversely, poor financial conditions of farmers who prefer spending on indigenous water pumps rather than pumps of global brand emerge as the key restraining factor hindering the growth of the global water pump market.
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Major players of the water pump market include Saudi Pump Factory, Flowserve Co., Sulzer Ltd., at Watson-Marlow Inc., Torishima PumpMfg. Co. Ltd., Henan Province Xixia Automobile Water Pump Co. Ltd., and Gardner Denver. Other key players who dominate the market are Ebara Co., Kirloskar Brothers Ltd., ITT Co., The Weir Group PLC, Shanghai Kai Quan Pump Co. Ltd., and KSB Aktiengesellschaft.
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