Water Pumps: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

Water pump is a hydraulic machine used to raise, compress or transfer fluids. It is a mechanical device which imparts energy to a fluid and is primarily used for transportation of fluids. One of the most vital applications of water pump is in circulation of fluids. Water pumps find applications in almost all industries including residential and agriculture sectors. Centrifugal water pumps and positive displacement water pumps are the two major types of water pumps. Positive displacement pumps, often called as reciprocating pumps, use back and forth motion to pressurize fluids, while centrifugal pumps use centrifugal force to increase pressure and kinetic energy of the fluid.

Market Insights

Growth in the global market for water pumps is increasing, on account of growing demand from agricultural and residential sectors. Demand for water pumps across some regions across the globe has been declining owing to climatic challenges and slow economic growth. Global pumps market stood at $40 billion in 2022 and expected to grow at a CAGR of 6.5% during the forecast period. Centrifugal segment accounts for 75% share in the overall pumps market. Within Centrifugal pumps, Horizontal End Suction is the major pump category accounts for 15% share in terms of revenue. In order to be relevant and robust in a volatile business environment, the COVID-19 pandemic and subsequent outbreak of new variations have compelled pump OEMs to review their manufacturing and supply chain strategies. This research perspective gives a broad overview of the global possibilities and challenges that will affect the growth performance of pump OEMs in 2022. The primary factors affecting the pumps market include a COVID-19-related economic slowdown, supply chain disruptions, digitalization, and a movement in the global focus towards sustainability and energy transition.

Water pumps are utilized in production and operational activities in the oil industry. Fluids in the oil industry are supplied using water pumps. Major demand for water pumps in oil industry emanates from both upstream and downstream processes. Exploration and production of oil & gas takes place in upstream processes, whereas downstream processes include refining and delivery of final products to end users. Water pumps are used in various other operations carried out at oil & gas plants such as onshore, offshore and refining operations. Oil & gas industry in both upstream and downstream processes majorly use centrifugal pumps.

Energy-efficient pumps and solutions are going to be the main demand drivers for pump OEMs as sustainability and creating a carbon-neutral economy continue to be important themes for many manufacturers. Pump sales will be fueled by new project investments in the water and wastewater, chemicals, pharmaceuticals, food, and beverage industries notwithstanding market uncertainty. Demand will increase as more attention is paid to service-based business models utilising cutting-edge technologies, like Industrial Internet of Things (IIoT). This is largely because predictive maintenance and real-time monitoring can be used to increase the health and dependability of pumps. OEMs can also take advantage of the revenue chance by extending IIoT-based services to other flow-related equipment besides just pumps.

Market Dynamics: Drivers

Demand for Water Pumps Emanating from Emerging Trends

Key trends driving the demand for water pumps around the world are increasing number of water recycling, wastewater treatment plants, mobile water services, rising annual groundwater extractions and hydraulic fracturing. Wastewater Treatment Plants: With the setup of new water & wastewater treatment plants across the globe, the demand for water pumps is increasing at a robust pace. The number of W&WWT plants are majorly growing in APAC region, thereby driving the region’s water pumps market. D r i v e r s Mobile Water Services: These services have major applications in sea water desalination, water recycling & reuse and water processing, and are majorly adopted by power and municipal industries. These services provide flexible and adaptable solutions, technologies and engineers, who deliver guaranteed treated water quality and quantity in a cost-effective manner. In Middle East & Africa region, rental facility and emergency response are the key drivers for the growth of mobile water treatment services

Market Dynamics: Challenges

Growing Threat from Unorganized Players

Unbranded or unorganized players present in global water pumps market, especially in developing countries, provide low-priced water pumps, which, in turn, negatively influence the global water pumps market. Majority of the demand for water pumps emanates from APAC region, primarily from China and India. Consumers belonging to agriculture sector of the developing country are price sensitive and prefer to buy low-priced water pumps instead of reputed brands. Due to increasing penetration of unbranded manufacturers operating in the market, the entry of new players has become tough, thereby restraining the growth of global water pumps market.

Market Segmentation

• Based on Type, the Global Water Pumps market is segmented into
  • Centrifugal Water Pumps
    • Vertical Inline Pumps
    • Horizontal End Suction Pumps
    • Single/Two Stage Split Case Pumps
    • Multistage Split Case Pumps
    • Solid Handling Vertical Turbine Pumps
    • Non-Solid Handling Vertical Turbine Pumps
    • Axial Vertical Turbine Pumps
    • Mixed Flow Vertical Turbine Pumps
    • Solid Handling Submersible Pumps
    • Non-Solid Handling Submersible Pumps
  • Positive Displacement Pumps
    • Diaphragm Pumps
    • Piston Pumps
    • Gear Pumps
    • Lobe Pumps
    • Progressive Cavity Pumps
    • Screw Pumps
    • Vane Pumps
    • Peristaltic Pumps
• Based on Application, the Global Water Pumps market is segmented into
  • Oil & Gas
  • Power Generation
  • Residential
  • Agriculture & Irrigation
  • Commercial Building
  • HVAC
  • Fire
  • Chemicals
  • Water & Wastewater
  • Food & Beverage
  • Others
• Based on Geography, the Global Water Pumps market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

• All market revenue has been given in US Dollar, while the market volumes are given in units.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Water Pumps Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Water Pumps Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Water Pumps Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Water Pumps Market study?