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Market Overview of Global Water Pumps market:
According to our latest research, the global Water Pumps market looks promising in the next 5 years. As of 2022, the global Water Pumps market was estimated at USD 81325.0 million, and it's anticipated to reach USD 95793.0 million in 2028, with a CAGR of 2.77% during the forecast years.
Water pump is a device that moves fluids by mechanical action. Pumps operate by some mechanism (typically reciprocating or rotary) and consume energy to perform mechanical work by moving the fluid. Pumps operate via many energy sources, including manual operation, electricity, engines, or wind power, come in many sizes, from microscopic for use in medical applications to large industrial pumps.
A water pump is a machine that transports liquids or pressurizes liquids. It transfers the mechanical energy of the prime mover or other external energy to the liquid to increase the energy of the liquid. Mainly used to transport liquids, including water, oil, acid-base liquids, emulsions, suspoemulsions and liquid metals. It can also transport liquids, gas mixtures and liquids containing suspended solids.
Water Pumps Market Drivers
With the increasing advancement of global industrialization and the increasing demand for clean water, the application of water treatment technology is promoted, which in turn increases the demand for water pumps. The boom in industry and agriculture continues to increase the demand for high-efficiency water pumps. In recent years, the application of water pumps in this field has increased significantly, and it is expected to be the same in the next few years. All these have made a positive contribution to the growth of the global water pump market. The continuous increase in the number of water treatment, wastewater recycling and treatment plants in the world, especially in emerging economies, is one of the important driving forces driving the development of the water pump market.
The booming e-commerce industry provides consumers and manufacturers with better opportunities through a large number of offers. These online portals are expanding the availability of water pumps to promote products to cater to customers around the world. It is expected that the increase in promotional activities through online sales channels will provide the most favorable opportunities for major players in the global water pump market in the next few years. The governments of several countries have also introduced more plans. In particular, emerging economies have provided extensive support to the pharmaceutical industry, which has positively affected the sales of global water pumps. The emergence of various platforms has further driven the development of the water pump market.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Grundfos is one of the major players operating in the Water Pumps market, holding a share of 44.63% in 2021.
Grundfos is the largest pump manufacturer in the world, based in Denmark, with more than 19,000 employees globally.
The annual production of more than 16 million pump units, circulator pumps (UP), submersible pumps (SP), and centrifugal pumps (CR). Grundfos also produces electric motors for the pumps as well as electric motors for separate merchandising. Grundfos develops and sells electronics for controls for pumps and other systems.
Flowserve Corporation is an American multinational corporation and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Flowserve sells products and offers aftermarket services to engineering and construction firms, original equipment manufacturers, distributors and end users. The Flowserve brand name originated in 1997 with a merger of BW/IP and Durco International. Flowserve comprises over 48 fluid motion and control products.
Segmentation Overview:
Among different product types, Centrifugal Pump segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Industrial segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Water Pumps market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Water Pumps Market Report:
Market Size Estimates: Water Pumps market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Water Pumps market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Water Pumps market
Segment Market Analysis: Water Pumps market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Water Pumps market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Water Pumps Market: Revenue and sales volume of major countries in each region
Water Pumps Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Water Pumps market in major regions.
Water Pumps Industry Value Chain: Water Pumps market raw materials & suppliers, manufacturing process, distributors, downstream customers
Water Pumps Industry News, Policies & Regulations
Key players in the global Water Pumps market are covered in Chapter 12:
Shanghai Kaiquan
Pentair
Goulds Pumps
LianCheng Group
Sulzer
Kirloskar Brothers
Flowserve
LEO Group
Torishima Pump
SHIMGE
Ebara
East Pump
Grundfos
Panda Machinery
KSB
Xylem
WILO
CNP
In Chapter 2 and Chapter 15.1, based on types, the Water Pumps market from 2018 to 2028 is primarily split into:
Centrifugal Pump
Diaphragm Pump
Reciprocating Pump
Rotary Pump
Others
In Chapter 3 and Chapter 15.2, based on applications, the Water Pumps market from 2018 to 2028 covers:
Industrial
Household
Agricultural
Municipal
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Water Pumps market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028