Booster Pump Market Report 2024

This Booster Pump market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The booster pump market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.55 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth during the historic period can be attributed to the expansion of the oil and gas industries, increased food and beverage production, a growing population, rising agricultural demand, and the expansion of residential construction.

The booster pump market size is expected to see strong growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period can be attributed to rising water consumption, expanding building and construction activities, increased water demand, greater adoption of pipelines, and a growing need for API and ANSI pumps. Key trends during this period include the emergence of innovative and advanced ordinary pumps, technological advancements in pumping systems, the development of energy-efficient pumps, advanced manufacturing solutions, and the introduction of novel products.

The anticipated growth in residential construction is expected to drive the expansion of the booster pump market. Residential construction involves the development and building of housing structures such as single-family homes, apartments, and condominiums, including planning, design, and construction to create livable spaces for individuals and families. Factors fueling this growth include rising population, increased urbanization, changing lifestyles, and affordable housing initiatives. Booster pumps are essential for maintaining consistent water pressure in multi-story residential buildings and remote areas, enhancing plumbing system efficiency and providing a reliable water supply for daily use and fire protection. For instance, the Australian Bureau of Statistics reported 30,992 new private dwellings in March 2024, a 14.6% increase compared to March 2023. Consequently, the rise in residential construction is boosting the demand for booster pumps.

Leading companies in the booster pump market are focusing on technological advancements, such as smart booster pumps, to enhance efficiency, optimize performance, and provide real-time monitoring and control. These smart booster pumps feature advanced sensors and control systems to improve water pressure and energy efficiency, addressing the growing need for sustainable solutions in residential and commercial settings. For example, in December 2022, Tecnodyne Pumps Inc., a U.S.-based industrial pump manufacturer, introduced the TecnoBoost4, a smart booster pump with real-time monitoring and adaptive pressure control. It ensures consistent performance while reducing energy consumption, and its user-friendly interface allows for easy integration and remote operation, making it suitable for various applications from residential buildings to commercial complexes.

In October 2022, Ebara Corporation, a Japan-based industrial machinery manufacturer, acquired Hayward Gordon L.P. for an undisclosed sum. This acquisition is part of Ebara's strategy to expand its presence in the North American market and enhance its product offerings and operational capabilities. Hayward Gordon L.P. is a Canada-based manufacturer of industrial and booster pumps.

Major companies operating in the booster pump market are Xylem Water Solutions India Private Limited, Ebara Corporation, Grundfos Holding A/S, Pentair plc, Flowserve Corporation, Alfred Kärcher SE & Co. KG, ITT Inc., Weir Group plc, KSB SE & Co. KGaA, Wilo Group SE, Franklin Electric Co. Inc., Ruhrpumpen Group India Pvt. Ltd., Smith & loveless inc., Armstrong Fluid Technology, Calpeda S.p.A., Pedrollo S.p.A., Davey Water Products, Dab Pumps Ltd., CNP Pumps India Pvt. Ltd., Pluga Pumps Co., Aquatec International Inc., Eddy Pump Corporation.

North America was the largest region in the booster pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the booster pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the booster pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A booster pump is a mechanical device designed to increase the pressure of fluids, typically water, within a system. These pumps are essential for maintaining stable water pressure in buildings and systems with variable demand. Booster pumps come in various types, including centrifugal, positive displacement, and others, depending on the application and the pressure increase needed.

The main types of booster pumps are centrifugal pumps, reciprocating pumps, and rotary pumps. Centrifugal pumps utilize rotational energy from a motor to transform it into hydrodynamic energy, which moves fluids such as liquids or slurries. These pumps can be single-stage, multi-stage, or other variations and are made from materials like cast iron, aluminum, and stainless steel. They are distributed through various channels, including direct and indirect sales, and are used in applications such as household, commercial, agricultural, and others.

The booster pump market research report is one of a series of new reports that provides booster pump market statistics, including booster pump industry global market size, regional shares, competitors with a booster pump market share, detailed booster pump market segments, market trends, and opportunities, and any further data you may need to thrive in the booster pump industry. This booster market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The booster pump market consists of sales of water booster pumps, gas booster pumps, fire sprinkler booster pumps, submersible booster pumps, and inline booster pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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