Water Pump Market Report and Forecast 2023-2028

According to the report the global water pump market reached a value of approximately USD 64.9 billion in 2022. Aided by the accelerating demand for water and wastewater treatment and the growing applications of water pumps in various industries, the market is projected to further grow at a CAGR of 4.42% between 2023 and 2028 to reach a value of USD 83.8 billion by 2028.

Water pumps are vital devices used to transport water from one location to another. They are generally used in a range of applications, including irrigation, water supply, petroleum, HVAC (Heating, Ventilation, and Air Conditioning), and more. They play an essential role in various industrial and residential settings, ensuring a continuous supply of water for various needs, aiding the water pump market growth. Besides their primary role, water pumps also offer energy-efficient solutions, significant pressure boost, and effective water management, establishing their value in a variety of industrial applications including oil and gas, power, and mining.

The escalating demand for water supply worldwide is driving the global water pump market growth. With the rising global population and increasing urbanisation, there has been a significant increase in the need for fresh and potable water, which has led to a rise in the demand for water pumps. Additionally, the growing trend of industrialisation has further fuelled the popularity of water pumps, as they are integral to various industrial processes requiring water.

The diverse applications of water pumps in multiple industries significantly contribute to the water pump market expansion. In the oil and gas industry, for instance, water pumps are employed to transport crude oil and natural gas from wells to refineries. In the power industry, they are used for cooling purposes in power generation plants. The mining industry utilises water pumps for dewatering, mineral processing, and slurry transport. Furthermore, the advancement in pump technologies and the development of energy-efficient pumps are further enhancing the water pump market outlook.

Moreover, the growing demand for wastewater treatment has led to an increased focus on water pumps. With escalating environmental concerns and the need for sustainable resource use, wastewater treatment has gained significant importance. Water pumps have emerged as crucial components in wastewater treatment plants, facilitating the efficient management of wastewater and its reuse, aiding the water pump market development.

The market for water pumps is also experiencing a boost from the agricultural sector. With the necessity for irrigation in agricultural practices and the need to secure food production for the growing population, water pumps have become essential tools in agriculture, thus increasing the water pump market demand. They are being extensively used for irrigation purposes, supporting the growth of various crops and subsequently contributing to food security.

Market Segmentation

The market can be divided based on pump type, driving force, distribution channel, end use, and region.

Market Breakup by Pump Type

• Centrifugal Pump
• Positive Displacement Water Pump
• Others

Market Breakup by Driving Force

• Electric Driven
• Engine Driven

Market Breakup by Distribution Channel

• Direct Sales
• Indirect Sales

Market Breakup by End Use

• Oil and Gas
• Chemical
• Power Generation
• Water and Wastewater
• General Industry
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global water pump companies. Some of the major key players explored in the report are as follows:

• Xylem Group
• KSB SE & Co. KGaA
• Sulzer Ltd.
• Weir Group
• Pedrollo SpA
• ITT Goulds Pumps
• Grundfos Holding A/S
• JEE PUMPS (GUJ.) PVT. LTD
• Ebara Corporation
• Calpeda S.p.A.
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.