MarkNtel Advisors analyses the growth rate of the Water Pumps market in the forecast period from 2025 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Water Pumps market, helping them make informed decisions.
Market Outlook – 2025-2030:
The Global Water Pumps Market size was valued at around USD 47.40 billion in 2024 and is projected to reach USD 58.18 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.72% during the forecast period, i.e., 2025-30. Growing urbanization in the different countries has led to the enlargement of towns as well as the migration of the population from rural to urban areas. There is extensive urbanization in developing regions which includes the Asia-Pacific, the Middle East, and the African region, because of which the development of residential & commercial spaces has grown more in these regions. Subsequently, enhancing the need for proper water supply & management.
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Key Company Profiles
This report explores recent significant developments in the Water Pumps Market, focusing on the leading companies and their innovative profiles. The major players in the Water Pumps Market, featured in this report, include:
- Flowserve Corporation
- Pentair PLC
- Sulzer Limited
- Kirloskar Brothers Limited (KBL)
- Grundfos
- Xylem Inc.
- KSB Group
- Wilo
- ITT Inc.
- Torishima Pump MFG. Co. LTD.
- Others
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Water Pumps Market to forecast revenues and analyse trends across each of the following sub-markets:
By Type
- Centrifugal Pump–Market Size & Forecast 2020–2030F, USD Million
- Positive Displacement Pump – Market Size & Forecast 2020 – 2030F, USD Million
By End User
- Oil & Gas – Market Size & Forecast 2020-2030F, USD Million
- Power Generation – Market Size & Forecast 2020-2030F, USD Million
- Residential – Market Size & Forecast 2020-2030F, USD Million
- Agriculture & Irrigation – Market Size & Forecast 2020-2030F, USD Million
- Commercial Building – Market Size & Forecast 2020-2030F, USD Million
- HVAC – Market Size & Forecast 2020-2030F, USD Million
- Chemicals – Market Size & Forecast 2020-2030F, USD Million
- Water & Wastewater – Market Size & Forecast 2020-2030F, USD Million
- Food & Beverage – Market Size & Forecast 2020-2030F, USD Million
- Others– Market Size & Forecast 2020-2030F, USD Million
By Region
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa
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What are the primary factors driving the growth of the Water Pumps market?
Extensive Growth of the Oil & Gas Industries Augmenting the Demand for Water Pumps – The main sectors in the energy market and important players in the international economy, oil and natural gas, are the main suppliers of fuel worldwide. The International Labour Organisation estimates that the oil sector contributed 3% of GDP in 2020 and that crude oil commerce was worth USD 640 billion, making it one of the most traded commodities globally. For many industries, such as electricity generation, petrochemicals, transportation, etc., oil is an important energy source, which constantly raises demand for it. The continual rise in demand for oil as a critical energy source for a variety of industries, including power generation and transportation, has increased the demand for water pumps used in oil extraction and processing. Furthermore, the major participants in the oil and gas sectors have been presenting strategies to increase their production capacity by constructing new production bases or extending their existing oil manufacturing facilities. For instance,
- In 2023, Hindustan Petroleum Corp. (HPCL) announced plans to start a Barmer refinery and petrochemical project by 2024 in India to reduce petrochemical imports.
Further, the governments of countries such as Brazil, Guyana, etc., are also focusing on strengthening their energy security by planning to establish new oil & gas plants. Thus, the inception of new oil & gas industries to mitigate the reliance on other countries for oil & gas imports would further augment the size & volume of the Global Water Pump Market in the coming years.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors’ market entry or exit decisions?
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