Water Pump Market Size, Share, Trends, Growth and Forecast 2032

Global Water Pump Market: Industry Prospective

The global Water Pump market size accrued earnings worth approximately USD 59.60 Billion in 2023 and is predicted to gain revenue of about USD 87.65 Billion by 2032, is set to record a CAGR of nearly 4.50% over the period from 2024 to 2032.

The study includes drivers and restraints for the Water Pump market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Water Pump market on a global level.

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Global Water Pump Market: Overview

A water pump is a mechanical device designed to move water from one location to another, commonly used in residential, commercial, industrial, and agricultural settings. It operates by converting mechanical energy into hydraulic energy to create the pressure needed for water flow. Water pumps come in various types, including centrifugal pumps, submersible pumps, diaphragm pumps, and reciprocating pumps, each suited for specific applications. These devices are essential for tasks such as water supply in homes, irrigation in agriculture, dewatering flooded areas, and supporting industrial processes. Modern water pumps are often energy-efficient and can be powered by electricity, diesel, solar energy, or manual effort, making them versatile tools in water management.

Water pumps are generally used for circulating or raising water or any liquid substance via mechanical action. Generally, water pumps are mounted at the front of an engine. It is usually driven off and the pump is gear-driven off the crankshaft or with the help of crankshaft pulley. Proper water circulation and pumping is the basic task of a water pump. Water pumps are the oldest and widespread mechanical devices that are in use since 2000 B.C.

Global Water Pump Market Growth Dynamics

The demand for water pumps is likely to increase in the upcoming years due to the rising need for wastewater treatment in the industrial sector. The ongoing rapid infrastructural development in the emerging nations of Asia Pacific is anticipated to positively impact the water pump market in the near future. Due to rapid urbanization and several infrastructural investments owing to the rising disposable income of people is expected to positively impact this market in the upcoming years. The growth of the oil and refinery sector is likely to contribute significantly toward the market for water pumps. The rapid urbanization has created awareness about using clean water to maintain a healthy and disease-free lifestyle.

Moreover, the increasing acceptance of deploying solar water pumps is also anticipated to further the water pump market across the globe in the years ahead. Favorable government initiatives, such as the introduction of budget schemes where the farmers have to pay only 10% cost of solar water pumps in India, are estimated to contribute toward the water pump market growth over the forecast time period.

In order to give the users of this report a comprehensive view of the water pump market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

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Global Water Pump Market: Segmentation

The study provides a decisive view of the water pump market by segmenting the market based on type, application, and region.

Based on the type, the water pump market is segmented into the centrifugal pump, reciprocating pump, and rotary pump.

On the basis of application, the water pump market is categorized into oil and gas and refining, chemical, water and wastewater, and others.

Global Water Pump Market: Regional Analysis

All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. By region, Europe held a substantial revenue share in 2023 of the global water pump market, due to the rising demand for clean drinking water. The Asia Pacific held the largest share in the global water pump market in 2023 and is anticipated to maintain its dominance in the upcoming years as well. This regional growth can be attributed to the ongoing infrastructural developments across the developing countries, such as China and India.

Report Scope:

Some of the players operating in the water pump market include

• Gardner Denver
• Torishima Pump Mfg. Co.
• General Electric Company
• The Weir Group Plc
• Weatherford International Ltd.
• ITT Inc.
• PROCON Products
• KSB Group
• Kirloskar Brothers Limited
• Sulzer Ltd.

This report segments the global water pump market into:

Global Water Pump Market: Type Analysis

• Centrifugal Pump
• Reciprocating Pump
• Rotary Pump

Global Water Pump Market: Application Analysis

• Oil and Gas and Refining
• Chemical
• Water and Wastewater
• Others

Global Water Pump Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa