Grundfos Enters a Partnership with WaterAid to Tackle Global Water Crisis

Denmark: Grundfos, one of the leading pumps manufacturers has joined hands with WaterAid, an international development charity. The five-year partnership plan between the two organizations would focus on providing advice to some of the poorest communities in the world on the use and maintenance of Grundfos water systems. This partnership aims to make clean water reach everyone and everywhere by 2030. Grundfos and WaterAid will work together in order to introduce innovative solutions and ensure lasting supply of clean water in the communities where the two companies are working. Through this collaboration, large mass of people would have access to clean water by using solar powered systems as well as other innovative technologies. As a part of new sustainable development goals established by the United Nations, both the companies would also work together to campaign for universal access to water within next 14 years.

TechSci Research depicts that this partnership between Grundfos and WaterAid would provide innovative solutions to developing economies in the word in order to bring water and sanitation to these communities. Additionally, it would also increase availability of clean water to people in affordable and sustainable way. This would further support growth of the Grundfos water systems business globally.

According to the upcoming report by TechSci Research, “Global Water Pumps Market Forecast and Opportunities, 2020”, the global water pumps market is expected to surpass USD54 billion by 2020. Centrifugal pump is the dominant segment in the market, while positive displacement pumps is the fastest growing segment. Region-wise, Asia-Pacific is the dominant region for water pumps, with majority demand emanating from high growth countries such as China and India. The market is highly fragmented in Asia-Pacific, with many players in unorganized segment currently dominating the market. Strong volume sales of agricultural water pumps, which are offered by domestic manufacturers at lower price, are the key factor behind the flourishing unorganized market.