Water Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global water pump market is set to achieve remarkable growth, with a projected revenue of $51 billion by 2024. Leading market players are anticipated to hold a significant share in the global water pump market in 2022. Over the forecast period from 2024 to 2031, the market is expected to expand at a CAGR of 6.06%, reaching a substantial value of $71 billion by 2031.

Key Drivers of the Water Pump Market:

Infrastructure Development: The need for water pumps is closely linked to global infrastructure development initiatives. Emerging economies prioritize urbanization, which is expected to boost demand for water pumps, particularly in residential, irrigation, and water and wastewater treatment applications.

Solar-Powered Water Pumps: The increased demand for solar-powered water pumps, especially in irrigation and agriculture, is driving the global market for water pumps. This trend aligns with efforts to address water scarcity and promote sustainability.

Wastewater Management: With climate changes and droughts becoming more widespread, wastewater management has gained importance in industrial, commercial, and residential sectors. The growth in wastewater treatment across various industries positively impacts the global water pump market.

Challenges in the Water Pump Market:

Competitive Pricing: The presence of both global and local competitors in the European water pump market has led to price competition. This competition may result in overproduction and reduced profit margins as companies strive to maintain a competitive edge.

Local Manufacturers and Vendors: The rapid increase in the number of local manufacturers and vendors offering lower-quality products at competitive prices poses a challenge to the growth of the water pump market.

Key Opportunities for Water Pump Manufacturers:

Centrifugal Pumps: Centrifugal pumps, known for their straightforward design, broad capacity range, and ease of maintenance, are among the most commonly used pumps. Their demand is expected to rise with increased investment in construction projects.

Construction Industry: The construction industry represents one of the primary end-use sectors for water pumps. The next decade is expected to witness numerous construction projects, further driving demand for water pumps.

Customization: Manufacturers can capitalize on the opportunity to optimize the speed of large centrifugal pumps, saving energy and reducing wear and tear. Customization is becoming increasingly preferred by customers, and global players are expanding their local networks to meet this demand.

Country-wise Analysis:

Germany: Germany's water management strategy, known as WATER 4.0, focuses on digitalization and automation to enhance resource efficiency. Smart grids and the Internet of Things are integrated into water management, creating a holistic approach.

India: India's water pump market is growing due to increased investments in agricultural infrastructure and sewage treatment facilities. The government's initiatives to improve drinking water infrastructure and expand desalination plants are driving market expansion.

Competitive Landscape:

The water pump market is highly fragmented, with over 1,000 players worldwide. Market players are prioritizing customer retention and building strong relationships with existing customers and vendors to secure long-term contracts for water pump deployments.

Key companies profiled in the water pump market are:

Gardner Denver
Torishima Pump Mfg. Co.
General Electric Company
Weir Group PLC
Weatherford International Inc
ITT Inc.
PROCON Products
KSB Group
Kirloskar Brothers Limited
Sulzer Ltd.
Atlas Copco
Baker Hughes Incorporated
Busch LLC
ClydeUnion Pumps
Ebara Corporation
Flowserve Corporation
Halliburton Company
ULVAC Technologies
Jyoti Ltd
Shakti Pumps India Ltd
CNP Pumps India Pvt Ltd
CRI Pumps Pvt Ltd

Key Segments Covered in Water Pump Industry Research:

By Pump Type:

Centrifugal Pump
Positive Displacement Water Pump
Other Pump

By End Use:

Oil and Gas and Refining
Chemical
Power Generation
Water and Wastewater
General Industry

By Region:

North America
Latin America
East Asia
Western Europe
Eastern Europe
Central Asia
South Asia & Pacific
Middle East & Africa

1. Executive Summary

1.1. Global Water Pump Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. Global Water Pump, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Price Trend Analysis, 2018-2023,

4.1. Key Highlights
4.2. Global Average Price Analysis, by Pump Type/ End Use, US$ per Unit
4.3. Prominent Factors Affecting Water Pump Prices
4.4. Global Average Price Analysis, by Region, US$ per Unit

5. Global Water Pump Market Outlook, 2018 - 2031

5.1. Global Water Pump Market Outlook, by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Centrifugal Pump
  - 5.1.1.2. Positive Displacement Water Pump
  - 5.1.1.3. Misc Pump
5.2. Global Water Pump Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Oil and Gas and Refining
  - 5.2.1.2. Chemical
  - 5.2.1.3. Power Generation
  - 5.2.1.4. Water and Wastewater
  - 5.2.1.5. General Industry
5.3. Global Water Pump Market Outlook, by Region, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Water Pump Market Outlook, 2018 - 2031

6.1. North America Water Pump Market Outlook, by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Centrifugal Pump
  - 6.1.1.2. Positive Displacement Water Pump
  - 6.1.1.3. Misc Pump
6.2. North America Water Pump Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Oil and Gas and Refining
  - 6.2.1.2. Chemical
  - 6.2.1.3. Power Generation
  - 6.2.1.4. Water and Wastewater
  - 6.2.1.5. General Industry
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Water Pump Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Water Pump Market Outlook, 2018 - 2031

7.1. Europe Water Pump Market Outlook, by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Centrifugal Pump
  - 7.1.1.2. Positive Displacement Water Pump
  - 7.1.1.3. Misc Pump
7.2. Europe Water Pump Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Oil and Gas and Refining
  - 7.2.1.2. Chemical
  - 7.2.1.3. Power Generation
  - 7.2.1.4. Water and Wastewater
  - 7.2.1.5. General Industry
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Water Pump Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.5. France Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.6. France Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Water Pump Market Outlook, 2018 - 2031

8.1. Asia Pacific Water Pump Market Outlook, by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Centrifugal Pump
  - 8.1.1.2. Positive Displacement Water Pump
  - 8.1.1.3. Misc Pump
8.2. Asia Pacific Water Pump Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Oil and Gas and Refining
  - 8.2.1.2. Chemical
  - 8.2.1.3. Power Generation
  - 8.2.1.4. Water and Wastewater
  - 8.2.1.5. General Industry
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Water Pump Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.2. China Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.7. India Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.8. India Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Water Pump Market Outlook, 2018 - 2031

9.1. Latin America Water Pump Market Outlook, by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Centrifugal Pump
  - 9.1.1.2. Positive Displacement Water Pump
  - 9.1.1.3. Misc Pump
9.2. Latin America Water Pump Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Water Pump Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Water Pump Market Outlook, 2018 - 2031

10.1. Middle East & Africa Water Pump Market Outlook, by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Centrifugal Pump
  - 10.1.1.2. Positive Displacement Water Pump
  - 10.1.1.3. Misc Pump
10.2. Middle East & Africa Water Pump Market Outlook, by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Oil and Gas and Refining
  - 10.2.1.2. Chemical
  - 10.2.1.3. Power Generation
  - 10.2.1.4. Water and Wastewater
  - 10.2.1.5. General Industry
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Water Pump Market Outlook, by Country, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Water Pump Market by Pump Type, Value (US$ Bn) & Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Water Pump Market by End Use, Value (US$ Bn) & Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Pump Type vs End Use Heatmap
11.2. Manufacturer vs End Use Heatmap
11.3. Company Market Share Analysis, 2023
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. CRI Pumps Pvt Ltd.
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Gardner Denver
  - 11.5.2.1. Company Overview
  - 11.5.2.2. Product Portfolio
  - 11.5.2.3. Financial Overview
  - 11.5.2.4. Business Strategies and Development
- 11.5.3. Torishima Pump Mfg. Co.
  - 11.5.3.1. Company Overview
  - 11.5.3.2. Product Portfolio
  - 11.5.3.3. Financial Overview
  - 11.5.3.4. Business Strategies and Development
- 11.5.4. General Electric Company
  - 11.5.4.1. Company Overview
  - 11.5.4.2. Product Portfolio
  - 11.5.4.3. Financial Overview
  - 11.5.4.4. Business Strategies and Development
- 11.5.5. Weir Group PLC
  - 11.5.5.1. Company Overview
  - 11.5.5.2. Product Portfolio
  - 11.5.5.3. Financial Overview
  - 11.5.5.4. Business Strategies and Development
- 11.5.6. Weatherford International Inc
  - 11.5.6.1. Company Overview
  - 11.5.6.2. Product Portfolio
  - 11.5.6.3. Financial Overview
  - 11.5.6.4. Business Strategies and Development
- 11.5.7. ITT Inc.
  - 11.5.7.1. Company Overview
  - 11.5.7.2. Product Portfolio
  - 11.5.7.3. Financial Overview
  - 11.5.7.4. Business Strategies and Development
- 11.5.8. PROCON Products
  - 11.5.8.1. Company Overview
  - 11.5.8.2. Product Portfolio
  - 11.5.8.3. Financial Overview
  - 11.5.8.4. Business Strategies and Development
- 11.5.9. KSB Group
  - 11.5.9.1. Company Overview
  - 11.5.9.2. Product Portfolio
  - 11.5.9.3. Financial Overview
  - 11.5.9.4. Business Strategies and Development
- 11.5.10. Kirloskar Brothers Limited
  - 11.5.10.1. Company Overview
  - 11.5.10.2. Product Portfolio
  - 11.5.10.3. Financial Overview
  - 11.5.10.4. Business Strategies and Development
- 11.5.11. Sulzer Ltd.
  - 11.5.11.1. Company Overview
  - 11.5.11.2. Product Portfolio
  - 11.5.11.3. Financial Overview
  - 11.5.11.4. Business Strategies and Development
- 11.5.12. Atlas Copco
  - 11.5.12.1. Company Overview
  - 11.5.12.2. Product Portfolio
  - 11.5.12.3. Financial Overview
  - 11.5.12.4. Business Strategies and Development
- 11.5.13. Baker Hughes Incorporated
  - 11.5.13.1. Company Overview
  - 11.5.13.2. Product Portfolio
  - 11.5.13.3. Financial Overview
  - 11.5.13.4. Business Strategies and Development
- 11.5.14. Busch LLC
  - 11.5.14.1. Company Overview
  - 11.5.14.2. Product Portfolio
  - 11.5.14.3. Financial Overview
  - 11.5.14.4. Business Strategies and Development
- 11.5.15. Clyde Union Pumps
  - 11.5.15.1. Company Overview
  - 11.5.15.2. Product Portfolio
  - 11.5.15.3. Financial Overview
  - 11.5.15.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations