To fulfil the globally amplifying demand for food production, it is essential to circulate potable water across irrigation fields. Additionally, high-quality water pumps requirement in municipal, domestic and industrial applications are enhancing the growth of the pumps on a global basis. According to IndustryARC findings, the global pumps market size was noted as $65.2 billion in 2018 and is estimated to witness growth with a CAGR of 5.80% in the forecast period 2019-2025. Pumps are utilized in various applications such as water supply, irrigation, sewer system, drainage, oil and gas, and power station to perform fluid flow operations.
The IndustryARC report titled: “Pumps Market: By Classification (Axial Flow Pump, Semi- Axial Flow Pump and others), By Pump Type (Residential Pumps, Agriculture Pumps, and others), By Application (Water Supply, Agriculture and Others), By Geography- Forecast (2019-2025)” states a detailed analysis of pumps market trends, pumps market statistics, pumps market growth, competitive landscape, and the strategic analysis of the global pumps market.
Pumps Market: Leading Segments
Based on the fluid transfer and application variety of pumps are utilized for different purposes.
82% of rural communities in developing countries of Southeast Asia such as Myanmar and Cambodia are living without electricity . Indian Ministry of New and Renewable Energy states that 127,600 solar pumps have been installed in the neighbouring countries of India as of 2017. Therefore, augmenting use of solar-powered pumps in the APAC region is driving the growth of APAC pumps market. According to the International Renewable Energy Agency report, Asia has enlarged its total capacity in solar irrigation pumping to 4.3 GW in 2017 from 1.3 GW in 2008. By considering all these factors analyst of the report has acknowledged that APAC held a leading share of 39.30% among other regions in the global pumps market.
Water crisis is a major concern in the current world scenario, due to globalization, technical development, economic growth, population growth, and urbanization. Thus, it is necessary to save water during transmission without leakages, and decrease in water pressure. In addition to this, it is essential to supply clean and safe drinking water to every corner of the world. For this, the water industry is recognized as the fastest growing application of the global pumps market, which projects to grow at a CAGR of 5.20% over the forecast period 2019-2025. Centrifugal water pumps and positive displacement water pumps are majorly used pumps in water distribution.
Pumps Market: Disruptive Trends
o High-efficiency pumps with more reliability are preferred to obtain optimized results through pumping systems.
o Increasing cost of electricity has shifted the preference of the rural population to choose low maintenance cost solar powered water pumps with durable product life. High reliability and durability of this eco-friendly solution enables the growth of farmer income via huge crop production.
o Widespread usage of centrifugal pumps in the industrial applications, as it is economical in pumping water with variable flow rates.
o The growing number of chemical, manufacturing, food processing, and pharmaceutical industries which discharge a large amount of wastewater on a daily basis can be evaluated by the wastewater treatment plants. Government initiation towards protecting the earth includes some rules and regulations which have made wastewater treatment plants a mandate.
Pumps Market: Competitive Landscape
Some of the prominent pumps market share players list was given as KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Grundfos, The Weir Group Plc., WILO SE, Xylem Inc., Ruhrpumpen Group, and Kirloskar Brothers Ltd in the global pumps market.
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A. Hydraulic Pump Market
B. Submersible Pumps Market
C. Automotive Pumps Market
D. Oil & Gas Pumps Market
What can you expect from the report?
The pumps market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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