Water Pumps Market to Surpass US$ 67 Billion by 2025
Increasing
demand for energy efficient water pumps in new building constructions, and
water & wastewater treatment industry to drive global water pumps market
during 2016-2025
According to TechSci Research
report “Global
Water Pumps Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2025”, global water pumps market is projected to
surpass US$ 67 billion by 2025, on account of growing demand from emerging
economies in Asia-Pacific. Asia Pacific is the largest consumer of water pumps in
the world, owing to rapid urbanization and industrialization in the region. In
addition, increasing demand for efficient wastewater treatment systems in India
and China coupled with soaring demand for water pumps in residential as well as
oil & gas industry in Asia-Pacific is projected to augur well for global
water pumps market in the coming years. China industrial water treatment market was valued at US$ 6.1 billion in
2015. Moreover, emerging
applications of water pumps in power, food & beverage, pharmaceuticals and water
& wastewater industry is expected to boost demand for water pumps in Asia-Pacific
over the next nine years.
Browse 30 market data Tables and 120 Figures
spread through 227 Pages and an in-depth TOC on "Global Water Pumps Market"
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Further,
in order strengthen foothold in global water pumps market, various water pump manufacturers
are expanding their base in different countries through mergers and
acquisitions. Increasing installation of water & wastewater treatment systems
across the globe, growing population base, rising consumption of water coupled
with depleting natural water resources is expected to boost demand for water
pumps globally. A strong demand for water pumps is emanating from emerging
economies such as China and India. However, Europe and North America still contribute
to a major share in demand for water pumps, on account of rising investment in
oil & gas and power industries coupled with introduction of highly energy
efficient solutions. Rising acceptance for treated water across the globe,
especially in European countries is projected to augur well for the global water
pumps market in the coming years. In 2012, percentage of population consuming water treated from wastewater
treatment plant in Italy was 60.83% and this is projected to increase further
in the coming years.
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“Emergence of advanced water
pump technologies such as magnetic drive pumps and micro disc pumps is projected to boost growth in global water pumps
market in the coming years. Further, imposition of stringent GHG emission
regulations and increasing emphasis on use of green technology across the globe
are fueling technological advancements by water pumps manufacturers. Moreover,
rising need for accurate and energy efficient solutions is driving
manufacturers to optimize hydraulic systems and focus on developing energy
efficient pumps, as per the demands of consumers.” said Mr. Karan Chechi,
Research Director, with TechSci Research, a research based global management
consulting firm.
“Global Water Pumps Market By
Type, By End User, By Region, Competition
Forecast and Opportunities, 2011 - 2025” has analyzed the potential
of global water pumps market and provides statistics and information on market
sizes, shares and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. Besides, the report also identifies and analyzes emerging
trends along with essential drivers and key challenges faced by the industry.
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