Water Pumps Market to be Led by Centrifugal Pumps Through 2028
The rise in the oil & gas
industry, the surge in agriculture, and the increasing demand for processed
food are expected to drive the global water pump market during the forecast
period.
According to the TechSci
Research report, “Global Water Pump Market - By Region, Competition,
Forecast & Opportunities, 2028,” the global water pump market is
expected to register a high CAGR in the near future. The market for water pumps
is expanding as a result of the ease with which ordinary valves can be modified
utilizing automatic actuator systems or automatic control systems.
Additionally, the food and beverage industry has seen a sharp rise in demand
for water pumps, particularly from developing countries in the Asia-Pacific and
Latin American regions.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on the "Water Pump Market”
Key market
players in the Water Pump Market include:
- Grundfos Holding
A/S
- Xylem Inc.
- Sulzer Ltd.
- KSB SE & Co.
KGaA
- Ebara Corporation
- The Weir Group plc
- Flowserve
Corporation
- Wilo SE
- ITT Inc.
- Kirloskar Brothers
Limited
The global water pump market is segmented into type, positive
displacement, driving force, application, and region. based on type, the market
is segmented into centrifugal pumps and positive displacement pumps. based on
positive displacement, the market is segmented into reciprocating pumps and rotary
pumps. based on driving force electric driven, engine driven. based on
application, the market is segmented into oil and gas, chemicals, power
generation, water/wastewater, and others. based on region, the market is
segmented into North America, Asia-Pacific, Europe, South America, and the Middle
East & Africa.
Based on type, positive displacement pumps, and
centrifugal pumps are the two segments of the water pump market. Due to their
widespread use and superior technology for water and thin liquids and slurries
that are encountered in all industries, including oil and gas, chemical, water
and wastewater treatment, agriculture, and construction, centrifugal pumps had
the highest revenue in 2021 and were predicted to grow at a significant CAGR,
during the forecast period. A centrifugal pump offers numerous benefits over
other types of materials, including durability and ease of maintenance. It
provides a tight seal that substantially reduces leakage. Industrial
applications employ linear control valves, which can be used to control the
flow of any fluid during a process. For instance, the RCEV-vertical chemical centrifugal pump
was a centrifugal pump available from Flowserve Corporation. With a low noise
or low cavitation control feature, it has great performance and outstanding
control performance. It is utilized in industrial applications and reduces
vibrations. Centrifugal pumps' adaptability is a major factor in the market for
water pumps growing.
Based on driving Force, the
market for water pumps is divided into electric-driven and engine-driven
categories. Because electric pumps are used in sectors including the meat
industry, the food and beverage industry, fish canneries, the milk and dairy
sectors, and others, in 2021, the electric-driven water pump was the industry
with the largest revenue and was expected to increase at a considerable CAGR.
Applications like dishwashers and washing machines employ electric pumps.
Electric pumps are increasingly in demand due to increased manufacturing and
industrial activity around the world, which is projected to support the
market's expansion.
In terms of application, Oil
& gas, chemicals, power generation, water/wastewater, and others are the
segments of the water pump market. Water/wastewater is anticipated to increase
at the highest CAGR during the projection period, while the oil & gas
industry had the largest revenue. Due to the tremendous demand for water pumps
from almost all of its activities, the oil and gas industry consumes the most
water pumps. For instance, rising economies such as those in Southeast Asia,
Sub-Saharan Africa, India, and China are expected to have the highest demand
for oil and gas in the upcoming years, according to DNV GL AS, a technical
advising business for the oil and gas industry based in Norway.
Download Free Sample Report
Customers can also request 10% free customization on this report.
“The need for water pumps in
the oil and gas sector is expected to rise as oil and gas companies increase
their spending in exploration and production activities around the world. The
market is anticipated to benefit from the increasing number of infrastructure
improvements, such as pipeline replacement or installation. Improvements
in pump technology have improved fundamental process operations, increased pump
dependability, and provided a long-term decrease in routine operating
procedures. The majority of businesses using these cutting-edge pumps are those
that deal with industrial wastewater, agriculture, power, and chemicals are the
factors propelling the market growth,” said Mr. Karan Chechi, Research Director
at TechSci Research, a research-based global management consulting firm.
Water Pump Market–Global Industry Size, Share, Trends, Opportunities, and Forecast, 2028 Segmented By Type (Centrifugal Pumps, Positive Displacement Pumps), By
Positive Displacement (Reciprocating Pump, Rotary Pump), By Driving Force (Electric
Driven, Engine Driven), By Application (Oil and Gas, Chemicals, Power
Generation, Water/wastewater, and Others), By Region, and Competition has evaluated the future growth potential of Water Pump Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Water Pump
Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com