Water Pump Market to Reach $86.3 Billion, Globally, by 2031 at 4.4% CAGR: Allied Market Research

- Advertisement -

Rise in adoption of water pumps in oil & gas, chemicals, water/wastewater industry, power generation fuels the growth of the global water pumps market. In addition, increase in growth of agriculture activities is one of the key factors driving the growth of the global water pumps market.

PORTLAND, Ore., March 6, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Water Pumps Market by Type (Centrifugal Pumps, Positive Displacement Pumps), by Driving Force (Electric Driven, Engine Driven), by Application (Oil and Gas, Chemicals, Power Generation, Water/wastewater, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031.” According to the report, the global water Pump industry generated $56,108.1 million in 2021, and is projected to reach $86,304.4 million by 2031, registering a CAGR of 4.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, regional landscapes, and competitive scenarios.

Allied Market Research Logo

Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/47877

Drivers, Restraints, and Opportunities-

The water pump market is experiencing increased growth due to an increase in adoption of water pump from various end-user industries such as oil & gas, water/wastewater, chemicals and others. In addition, the oil & gas industry is the largest consumer of water pumps globally, and includes the use of industrial valves in downstream, midstream, and upstream process applications. Rise in demand for water pumps in North America boosts the need for importing water pumps from other countries, thereby driving the water pumps market growth. Moreover, the food & beverages processing industry is largely saturated in the developed countries, including the European Union countries, the U.S., and China.

Moreover, technological advancements in water pumps, such as the implementation of automation and control technologies, are expected to create lucrative growth opportunities for the water pump market. 

Covid-19 scenario-

  • The water pumps market was severely hampered during the lockdown period owing to the outbreak of COVID-19. The construction sector was most affected. However, the market recovered by the end of 2021.
  • However, the global market for water pumps has recovered slowly and steadily.

Buy This Research Report (202 Pages PDF with Insights, Charts, Tables, Figures):


The centrifugal pumps segment held a major share of the water pump market in 2021

Depending on the type, the market is segregated into centrifugal pumps and positive displacement pumps. In 2021, the centrifugal pumps segments held the largest share of the water pump market and is anticipated to exhibit the highest growth rate during the study period, by growing at a CAGR of 4.5%. The centrifugal pumps are the most widely used pump because they are the best technology for water and thin liquids and slurries that are encountered in every industry such as oil & gas, chemical, water and wastewater treatment, agriculture, and construction is driving the growth of the centrifugal pumps.

The electric driven was largest segment based on revenue in 2021

On the basis of driving force, the market is segregated into electric driven and engine driven. In 2021, the electric driven segment was the highest contributor, and is expected to grow at the highest CAGR of 4.7% from 2022 to 2031. Electric pumps are used in applications such as dishwasher and washing machines. Increase in manufacturing and industrial activities around the globe leads to rise in demand for more electric pumps around the globe which in turn propel growth of the water pump market.

Asia-Pacific garnered the major share in 2021-

Asia-Pacific held the majority of the market share in 2021, and is expected to grow at the fastest rate during the forecast period. Asia-Pacific includes majority of developing countries, such as India, Vietnam, and Indonesia, which exhibit lucrative opportunities for the water pumps market. Moreover, growth in infrastructure development in emerging countries, such as India and China, is anticipated to cater to the growth of the water pumps market.

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/47877

Leading Market Players-

  • Baker Hughes
  • Flowserve Corporation
  • Grundfos
  • Husqvarna AB
  • Kirloskar Brothers Limited
  • KSB Group
  • Sulzer AG
  • Xylem Inc.

The report analyzes these key players in the global water pump market. These players offer innovative products to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

Trending Reports in Water Pump Industry (Book Now with 10% Discount):

Global intelligent pump market is projected to reach $2.1 billion by 2031.

Global vacuum pumps market is projected to reach $9.3 billion by 2031.

Global HVAC pump market is projected to reach $55.5 billion by 2031.

Global dewatering pumps market is expected to reach $10,133.4 million in 2026.

Global heavy-duty pumps market is projected to reach $19,522 million in 2025.

Vane pump Market – Global Opportunity Analysis and Industry Forecast, 2021-2030

Gear Pump Market – Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us: 

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

[email protected]

Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/water-pump-market-to-reach-86-3-billion-globally-by-2031-at-4-4-cagr-allied-market-research-301763108.html

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Agrigate Global takes no editorial responsibility for the same.