Overview:

The global water pump market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Water pump is a common type of pump that is used to move or take out water from wells or source. These pumps are commonly used in agriculture, oil & gas, and power industries for various applications. The water pump is also referred as water pump system or water pump set.

There are two basic types of water pump viz. centrifugal water pump and positive displacement water pump. The centrifugal water pump includes rotating impeller that develops pressure on discharge flow. However, the positive displacement water pump runs on mechanism of mechanical contraction and expansion of a flexible diaphragm to deliver the fixed volume flow of water.

Market Dynamics:

Growing use of water pumps in water filtration plants across the globe is a key factor driving growth of the global water pump market. The number of water filtration plant is growing across the globe owing to increasing demand for filtered water. This is resulting in growing demand for water pumps.

In addition, increasing mining activity and rising power or electricity demand are other major factors expected to drive growth of the target market. The water pumps have wide applications in power and mining industry. In mining industry continuous dewatering requires for the smooth running of mining activity. This in turn expected to boost growth of the target market in the forecast period.

Key Trends:

Rising number of strategic initiative among key players is a major trend witnessed in the global water pump market. For instance, in November 2018, Xylem Inc. has signed MoU with the Ethiopia’s Ministry of Water, Irrigation and Energy (MoWIE) to provide assistance for water security improvement program of the country.

Regional Analysis:

For detailed understanding of market dynamics, the global water pump market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific water pump market is accounted for the major market share in the global market in 2019. Additionally, the Asia Pacific is expected to witness highest CAGR during the forecast period. This is owing to increasing urbanization and growing industrialization in countries in the region.

Additionally, rising number of power plants and growing demand for advanced water pumps from agriculture sector are key factors supporting growth of the target market in the Asia Pacific region. However, Europe and Middle East and Africa are expected to witness considerable growth in the near future.

Scope of the Report:

Detailed Segmentation:

Global Water Pump Market, By Type:

• Centrifugal Pump
• Reciprocating Pump
• Rotary Pump

Global Water Pump Market, By End Use Industry:

• Oil & Gas
• Chemical
• Power Generation
• Water & Wastewater
• General Industry

Key Players Covered:

Key players operating in the global water pump market includes Xylem Inc., Atlas Copco Group, Ebara Corporation, Flowserve Corporation, Sulzer Ltd., Gardner Denver Industrials Group (Ingersoll Rand, Inc.), Wilo SE, Kirloskar Brothers Limited, Weir Group PLC, and Sulzer Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Water Pump Market by type, end use industry, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global water pump market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.