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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. In industrial and municipal sector, wastewater pumps are used to collect sewage, effluent, drainage, and seepage water. Positive displacement or centrifugal force are frequently used in wastewater pumps to transport fluids.
Market Insights
The United States Water & Wastewater Pumps market stood at $1.3 billion in 2022 and anticipated to grow at a CAGR of 5.8% during the forecast period. Strict guidelines for the safe and proper operation of onsite wastewater treatment systems (OWTS) and advancements in wastewater treatment technology are credited with driving the growth of the U.S. water and wastewater pumps industry. The water sector in the United States is expanding quickly and presents opportunities in a variety of industries, including equipment and oil & gas. In several industries in the United States, the use of reclaimed water and water reuse is widespread and growing.
Onsite water reuse is becoming into one of the most flexible strategies among sectors as industrial water reuse gains momentum. Technologies and methods that encourage increased water reuse, lessen pollution, and conserve energy are in high demand. In the United States, there is a huge rise in the need for clean water. The need to create cleaner wastewater effluents has increased. Therefore, the market for pumps is seeing chances for growth as wastewater treatment infrastructure continues to advance.
Industries, business spaces, and apartment complexes all produce waste water, which must be treated appropriately. In water treatment facilities, water pumps aid in the collecting of wastewater. Positive displacement pumps rotate slurry and high viscosity fluids in water treatment plants while centrifugal pumps move water from one tank to another. Aside from this, facilities with their own water treatment plants also include water treatment as a significant component of their industries. Due to strict government rules and growing demand for treated water for domestic and industrial use, there are more water treatment facilities in the US. The need for water pumps is being driven by these elements.
Market Dynamics: Drivers
Market Growth for Pumps is Being Driven by Motor Technologies
In the market for pumps, motors are essential. Many pump manufacturers are using cutting-edge motor technologies from contemporary electronics systems. Due to this development, sales and demand for pumps serving various business demands have expanded.
IIoT-based Services and Pumps-as-a-Service to Gain Popularity
In the post-pandemic period, end-users’ requirements for end-to-end visibility on plant operations and real-time monitoring and management are increasingly rudimentary. In 2022, the use of IIoT-based solutions, such as connected machines and components, to switch to predictive maintenance of pump equipment, will expand. To make wise maintenance and commercial decisions, end users actively investigate plant and enterprise-wide solutions.
Market Segmentation
- Based on Type, the United States Water & Wastewater Pumps market is segmented into
- Centrifugal Water & Wastewater Pumps
- Positive Displacement Pumps
- Based on Pump Category, the United States Water & Wastewater Pumps market is segmented into
- Split Case
- Vertical Turbine
- Submersible
- Vertical Multistage
- End Suction
- Others
- Based on Application, the United States Water & Wastewater Pumps market is segmented into
- Municipal
- Industrial
- Oil & Gas
- Power Generation
- Chemicals
- Food & Beverage
- Pharmaceuticals
- Pulp and Paper
- Semiconductor
- Metal and Mining
- Textile
- Others
- Based on Geography, the United States Water & Wastewater Pumps market is segmented into
- West
- Midwest
- Northeast
- South
- 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 United States Water & Wastewater 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 United States Water & Wastewater Pumps Market?
- Who are the key competitors, what are their key strength and weakness and how they perform in United States Water & Wastewater Pumps Market based on competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during United States Water & Wastewater Pumps Market study?
- Introduction
- Product Definition
- Market Taxonomy
- Research Process
- Brief on Secondary Sources Used
- Primary Research
- Sample Size
- List of Companies Interviewed
- Market Sizing Model
- Assumptions Used
- Model Description
- Forecast Model
- Executive Summary
- Impact of COVID-19 on United States Water & Wastewater Pumps Market
- Impact of IoT on United States Water Pump Market (Major IoT Initiatives & Their Impact)
- United States Water & Wastewater Pumps Market Outlook, 2020-2030
- Market Size & Forecast
- By Value
- Market Share & Forecast
- By Type
- Centrifugal Pumps
- Positive Displacement
- By Pump Category
- Split Case
- Vertical Turbine
- Submersible
- Vertical Multistage
- End Suction
- Others
- By Region
- West
- Midwest
- Northeast
- South
- By End User
- Municipal
- Industrial
- Oil & Gas
- Power Generation
- Chemicals
- Food & Beverage
- Pharmaceuticals
- Pulp and Paper
- Semiconductor
- Metal and Mining
- Textile
- Others
- By Competition
- By Type
- Market Size & Forecast
- United States Water & Wastewater Pumps Market Policies & Regulatory Landscape
- United States Water & Wastewater Pumps Market Trends
- United States Water & Wastewater Pumps Market Dynamics
- Growth Drivers
- Challenges
- Impact Analysis
- United States Water & Wastewater Pumps White Market Space
- United States Water & Wastewater Pumps Pricing Analysis
- Competition Outlook
- Competition Matrix
- Target Markets
- Research & Development
- Collaborations & Strategic Alliances
- Key Business Expansion Initiatives
- Business Restructuring- Mergers, Acquisitions, JVs
- Strategic Initiatives
- Company Profiles (Business Description, Product Segments, Business Segments, Financials, Key Customers, Strategic Alliances/ Partnerships, Future Plans)
- Competition Matrix
- Disclaimer