Emerging Trends for Worldwide Water Pump Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis
Market Data Analysis:
A water pump is a mechanical device that is designed to circulate coolant through water-cooled engines. Although not all water-cooled engines use water pumps, these components are at the heart of nearly all modern water-cooling systems. Water pumps are typically driven via the rotation of the crankshaft, although that can be accomplished in a variety of different ways. There are also a number of different styles of pumps that are commonly used.
The Water Pump market is projected to be valued at USD 48,904 million in 2019 and is anticipated to generate revenue of USD 71,093 million by the end of 2026, progressing at a GAGR of 5.49% between 2019 and 2026.
The growth prospects for water pump market are bullish on the back of rising demand for energy efficient pumps across different sectors such as building services, oil & gas and other energy-intensive sectors coupled with rising urbanization, globally. Implementation of stringent regulations by governments in different countries, especially in the F&B sector, and increasing demand for water pumps from the pharmaceutical sector is further positively influencing water pumps market globally. Besides, growing investments in the construction sector in regions such as the Middle East & Africa and supportive government policies are anticipated to further fuel the demand for water pumps across the globe during the forecast period.
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Market Classification:
Global Water Pump Market: Type Segments
l Centrifugal pump
l Reciprocating pump
l Rotary pump
l Others
On the basis of type, this global is classified into Centrifugal pump, Reciprocating pump, Rotary pump, and Others. Centrifugal pumps are estimated to dominate the market in the forecast time period, due to huge product demand and its ability to bear high load at varied pressures.
Global Water Pump Market: Application Segments
l Oil and gas
l Chemical
l Waste water treatment plants
l Others
On the basis of application, the water pump market includes Oil and gas, Chemical, Waste water treatment plants, and Others. The waste water treatment plants segment is likely to dominate the market in the upcoming years, due to several government initiatives for treating industrial wastewater to reduce water pollution.
Global Water Pump market: Regional Segments
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In 2018, the global water pump market is led by Asia-Pacific, capturing about 36.12% of global water pump sales volume. North America is the second-largest region-wise market with 32.54% global share, followed by Europe (25.91%). In terms of regional demand, the Asia Pacific region held the largest market share in the global water pump market in 2018 and is anticipated to maintain its dominance in the upcoming years as well. The dominance of Asia-Pacific can be attributed to high growth in water & wastewater treatment and power sector. There are over 437 nuclear plants across the world that generate electricity, of which, 114 nuclear plants are in Asia alone. Furthermore, the increased dependency on groundwater for agricultural and irrigation purposes due to irregular monsoon is estimated to escalate the product demand in the region in the years ahead.
North America is predicted to provide significant growth opportunities for water pump market over the years ahead. Increasing household and domestic activities in developed nations, like Canada and the U.S., is anticipated to propel the region’s water pump market growth in the upcoming years. Moreover, rising government initiatives in the U.S. to recycle wastewater is likely to further drive the North American water pumps market over the forecast timeframe.
Europe held a substantial revenue share in 2018 of the global water pump market, due to the rising demand for clean drinking water and sanitation in the drought-affected areas, such as Iberia, UK, and Italy. In addition, the European power generation industry is likely to drive the water pump market in the region in the future.
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China is the largest vendor of water pumps, with a production market share of nearly 26.75% in 2017. Europe is the second largest vendor of water pumps, accounting for nearly 21.30% of the production market in 2017. Key players in the Water Pump market, including Xylem Inc., Sulzer, Flowserve Corporation, KSB Inc., Danfoss A/S, Wilo SE, Weir Group PLC, Ebara Corporation, Colfax Corporation, Alfa Laval, and etc. Flowserve Corporation, Xylem Inc., KSB Inc., Ebara Corporation, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Water Pump Market Intended Audience:
l Water Pump manufacturers
l Water Pump importers and exporters
l Water Pump traders, distributors, and suppliers
l Water Pump industry associations
l Product managers, Water Pump industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Water Pump Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Water Pump Market by Types
4 Segmentation of Water Pump Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Water Pump Market in Major Countries
7 North America Water Pump Landscape Analysis
8 Europe Water Pump Landscape Analysis
9 Asia Pacific Water Pump Landscape Analysis
10 Latin America, Middle East & Africa Water Pump Landscape Analysis
11 Major Players Profile
11.1 Xylem Inc.
11.1.1 Xylem Inc. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Sulzer
11.3 Flowserve Corporation
11.4 KSB Inc.
11.5 Danfoss A/S
11.6 Wilo SE
11.7 Weir Group PLC
11.8 Ebara Corporation
11.9 Colfax Corporation
11.10 Alfa Laval
…
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