Global Water Pump Market Size, Trends, Analysis, Report And Forecast 2024-2032

Water Pump Market Outlook

According to the report by Expert Market Research (EMR), The Global Water Pump Market Size, Trends, Analysis, Report and Forecast 2024-2032″, the water pump market reached a value of approximately USD 64.9 billion in 2023. 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 4.40% between 2024 and 2032 to reach a value of USD 84.03 billion by 2032.

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.

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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.

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Water Pump 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

Water Pump Market Competitive Landscape

The EMR 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 by Expert Market Research 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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