The Global Water Pumps Market size was valued at around USD 47.40 billion in 2024 and is projected to reach USD 58.18 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.72% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Water Pumps Market Driver:
Extensive Growth of the Oil & Gas Industries Augmenting the Demand for Water Pumps – The main sectors in the energy market and important players in the international economy, oil and natural gas, are the main suppliers of fuel worldwide. The International Labour Organisation estimates that the oil sector contributed 3% of GDP in 2020 and that crude oil commerce was worth USD 640 billion, making it one of the most traded commodities globally. For many industries, such as electricity generation, petrochemicals, transportation, etc., oil is an important energy source, which constantly raises demand for it. The continual rise in demand for oil as a critical energy source for a variety of industries, including power generation and transportation, has increased the demand for water pumps used in oil extraction and processing. Furthermore, the major participants in the oil and gas sectors have been presenting strategies to increase their production capacity by constructing new production bases or extending their existing oil manufacturing facilities. For instance,
In 2023, Hindustan Petroleum Corp. (HPCL) announced plans to start a Barmer refinery and petrochemical project by 2024 in India to reduce petrochemical imports.
Further, the governments of countries such as Brazil, Guyana, etc., are also focusing on strengthening their energy security by planning to establish new oil & gas plants. Thus, the inception of new oil & gas industries to mitigate the reliance on other countries for oil & gas imports would further augment the size & volume of the Global Water Pump Market in the coming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Water Pumps Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Centrifugal Pump–Market Size & Forecast 2020–2030F, USD Million
- Positive Displacement Pump – Market Size & Forecast 2020 – 2030F, USD Million
- By End User
- Oil & Gas – Market Size & Forecast 2020-2030F, USD Million
- Power Generation – Market Size & Forecast 2020-2030F, USD Million
- Residential – Market Size & Forecast 2020-2030F, USD Million
- Agriculture & Irrigation – Market Size & Forecast 2020-2030F, USD Million
- Commercial Building – Market Size & Forecast 2020-2030F, USD Million
- HVAC – Market Size & Forecast 2020-2030F, USD Million
- Chemicals – Market Size & Forecast 2020-2030F, USD Million
- Water & Wastewater – Market Size & Forecast 2020-2030F, USD Million
- Food & Beverage – Market Size & Forecast 2020-2030F, USD Million
- Others– Market Size & Forecast 2020-2030F, USD Million
- By Region
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Flowserve Corporation, Pentair PLC, Sulzer Limited, Kirloskar Brothers Limited (KBL), Grundfos, Xylem Inc., KSB Group, Wilo, ITT Inc., Torishima Pump MFG. Co. Ltd. and others are looking forward to strengthening their market positions.
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Global Water Pumps Industry Recent Development:
2023: WILO SE signed a MoU with the Ministry of Investment in Saudi Arabia to expand its presence in the Kingdom. As part of the agreement, the company aims to invest in an assembly facility that allows the company to assemble pumps & systems locally for the Saudi market, as well as grow its existing sales office into regional headquarters.
2023: KSB SE & Co. KGaA supplied wastewater pumps to the Bailonggang wastewater treatment plant in Shanghai, Asia’s largest wastewater treatment plant. The company has supplied a total of 300 submersible pumps to the project to clean one-third of all the wastewater from a catchment area of over 270 km².
2023: Xylem Inc. acquired Evoqua Water Technologies, a leader in North American water treatment, by purchasing its all-stock value of USD 7.5 billion, aiming to tap into a growing global awareness of risks around water scarcity.
2023: Kirloskar Brothers Limited launched a new end suction pump, the DB xe, which offers world-class features to meet the global benchmark minimum efficiency index. Through this launch, the company aims to export the product into key international markets such as the UK, the USA, Africa, Southeast Asia, the Middle East, and countries in the Indian Subcontinent.
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