PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570573
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570573
The Global Municipal Pump Market, in 2023, was valued at approximately USD 4.05 billion and is projected to grow at a CAGR of 4.4% from 2024 to 2032. This growth is primarily fueled by increasing urbanization and infrastructure development. As urban areas expand and populations grow, the demand for sophisticated water supply and distribution systems intensifies.
Automation is gaining traction, delivering notable advantages like enhanced operational efficiency and diminished labor costs. These automated systems support remote monitoring, enabling real-time data analysis and management. This capability aids in swiftly addressing challenges and fine-tuning pump performance. In response to this rising demand, manufacturers are innovating automated pumps. For example, in 2023, Blackmer unveiled its smart flow series, boasting advanced IoT features for superior remote monitoring and predictive maintenance.
The industry is classified into pump type, horsepower, power source, flow rate, technology, application distribution channel, and region.
In 2023, the centrifugal pumps segment surpassed USD 1.55 billion and is projected to hit USD 2.34 billion by 2032, driven by their water handling efficiency and durability. Centrifugal pumps, adept at moving large water volumes, are pivotal in municipal tasks like water distribution and wastewater treatment. Their design ensures they efficiently manage varying flow rates and pressures, guaranteeing reliable performance.
In 2023, the segment of pumps below 100HP captured over 55% of the market share and is set to expand at a CAGR of 4.7% from 2024 to 2032. Pumps under 100HP are ideal for numerous municipal tasks, managing high flow rates and pressures without the need for larger pump power. Common applications include smaller water distribution networks, sewage treatment plants, and irrigation endeavors.
In 2023, the North America municipal pump market exceeded USD 1.33 billion and is forecasted to grow at a CAGR of 4.7% through 2032. The region's vast water and wastewater systems demand regular maintenance, upgrades, and replacements, sustaining a steady need for municipal pumps. Given the intricate nature and scale of these systems, there is a pressing requirement for dependable and efficient pumping solutions to maintain optimal performance and adhere to regulatory standards. Thus, North America's well-established infrastructure underpins a robust and enduring market for municipal pumps.