To fulfil the globally amplifying demand for food production, it is essential to circulate potable water across irrigation fields. Additionally, high-quality water pumps requirement in municipal, domestic and industrial applications are enhancing the growth of the pumps on a global basis. According to IndustryARC findings, the global pumps market size was noted as $65.2 billion in 2018 and is estimated to witness growth with a CAGR of 5.80% in the forecast period 2019-2025. Pumps are utilized in various applications such as water supply, irrigation, sewer system, drainage, oil and gas, and power station to perform fluid flow operations.

The IndustryARC report titled: “Pumps Market: By Classification (Axial Flow Pump, Semi- Axial Flow Pump and others), By Pump Type (Residential Pumps, Agriculture Pumps, and others), By Application (Water Supply, Agriculture and Others), By Geography- Forecast (2019-2025)” states a detailed analysis of pumps market trends, pumps market statistics, pumps market growth, competitive landscape, and the strategic analysis of the global pumps market.

Pumps Market: Leading Segments

Based on the fluid transfer and application variety of pumps are utilized for different purposes.

82% of rural communities in developing countries of Southeast Asia such as Myanmar and Cambodia  are living without electricity [1]. Indian Ministry of New and Renewable Energy states that 127,600[2] solar pumps have been installed in the neighbouring countries of India as of 2017. Therefore, augmenting use of solar-powered pumps in the APAC region is driving the growth of APAC pumps market. According to the International Renewable Energy Agency report, Asia has enlarged its total capacity in solar irrigation pumping to 4.3 GW in 2017 from 1.3 GW in 2008. By considering all these factors analyst of the report has acknowledged that APAC held a leading share of 39.30% among other regions in the global pumps market. 

Water crisis is a major concern in the current world scenario, due to globalization, technical development, economic growth, population growth, and urbanization. Thus, it is necessary to save water during transmission without leakages, and decrease in water pressure. In addition to this, it is  essential to supply clean and safe drinking water to every corner of the world. For this, the water industry is recognized as the fastest growing application of the global pumps market, which projects to grow at a CAGR of 5.20% over the forecast period 2019-2025. Centrifugal water pumps and positive displacement water pumps are majorly used pumps in water distribution.

Pumps Market: Disruptive Trends

o   High-efficiency pumps with more reliability are preferred to obtain optimized results through pumping systems.

o   Increasing cost of electricity has shifted the preference of the rural population to choose low maintenance cost solar powered water pumps with durable product life. High reliability and durability of this eco-friendly solution enables the growth of farmer income via huge crop production. 

o   Widespread usage of centrifugal pumps in the industrial applications, as it is economical in pumping water with variable flow rates. 

o   The growing number of chemical, manufacturing, food processing, and pharmaceutical industries which discharge a large amount of wastewater on a daily basis can be evaluated by the wastewater treatment plants. Government initiation towards protecting the earth includes some rules and regulations which have made wastewater treatment plants a mandate. 

Pumps Market: Competitive Landscape

Some of the prominent pumps market share players list was given as KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Grundfos, The Weir Group Plc., WILO SE, Xylem Inc., Ruhrpumpen Group, and Kirloskar Brothers Ltd in the global pumps market.

Talk to one of our sales representative about the full report by providing your details in the link below:

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Related Reports:

A.    Hydraulic Pump Market

https://www.industryarc.com/Report/16314/hydraulic-pump-market.html

B.     Submersible Pumps Market

https://www.industryarc.com/Research/Submersible-Pumps-Market-Research-504801

C.    Automotive Pumps Market

https://www.industryarc.com/Research/Automotive-Pumps-Market-Research-501127

D.    Oil & Gas Pumps Market

https://www.industryarc.com/Research/Oil-Gas-Pumps-Market-Research-504845

E. 

What can you expect from the report?

The pumps market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Applications          11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis                                       19. Opportunity Analysis

10. Patent Analysis                                                                20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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