PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616279
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616279
Domestic Booster Pump Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Domestic Booster Pump Market was valued at USD 3.1 billion in 2023 and is projected to depict a CAGR of 5.7% from 2024 to 2032. Domestic booster pumps play a crucial role in ensuring a consistent water supply for emerging residential complexes. As residential projects surge, so does the demand for domestic booster pumps. The United Nations projects that by 2050, 68% of the global population will reside in urban areas, underscoring the escalating demand for residential infrastructure. High-rise buildings, where water pressure tends to wane, particularly rely on booster pumps to maintain consistent water pressure.
The overall domestic booster pump industry is classified based on product type, pressure range, end-use, distribution channel, and region. The domestic booster pump market is divided into single-stage and multi-stage pumps. In 2023, single-stage pumps generated approximately USD 1.69 billion in revenue, with projections reaching around USD 2.75 billion by 2032. Dominating the market, single-stage pumps are favored for their simplicity and efficiency. Their straightforward design not only facilitates easier installation and maintenance but also presents a cost-effective solution for homeowners.
With lower initial and maintenance costs, these pumps become even more appealing. Their versatility spans various applications, from water supply to irrigation. The domestic booster pump market categorizes pressure ranges into low (up to 2 bar), medium (2-5 bar), and high (above 5 bar). In 2023, the medium pressure range (2-5 bar) commanded approximately 58% of the market share and is projected to grow at a CAGR of 5.7%.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $3.1 Billion |
| Forecast Value | $5.1 Billion |
| CAGR | 5.7% |
The medium pressure range stands out in the domestic booster pump market, adeptly catering to household water supply demands, especially in multi-story buildings and for irrigation. These pumps strike a balance between performance and energy efficiency, delivering adequate pressure without excessive energy consumption. In 2023, the Asia Pacific region led the domestic booster pump market with a share of approximately 35.4%. Projections suggest a growth rate of around 6.1% CAGR during the forecast period.
The Asia-Pacific's rapid urbanization and infrastructure advancements have spurred population growth, amplifying the demand for dependable water supply systems. This surge has heightened the need for efficient water pressure management in both residential and commercial domains. Often, as urban areas expand, the development of water infrastructure lags, leading to diminished water pressure in numerous locales. Consequently, an increasing number of households are turning to booster pumps to secure a reliable water supply.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing number of residential projects
- 3.2.1.2 Government initiatives for improved water infrastructure
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Higher energy consumption and noise vibrations
- 3.2.1 Growth drivers
- 3.3 Growth potential analysis
- 3.4 Future trend analysis
- 3.5 Price analysis
- 3.6 Technological landscape
- 3.7 Regulatory framework
- 3.8 Trade analysis (HS Code-84138190)
- 3.8.1 Top 10 export countries
- 3.8.2 Top 10 import countries
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type (USD Billion) (Units)
- 5.1 Key trends
- 5.2 Single stage pump
- 5.3 Multiple stage pump
Chapter 6 Market Estimates & Forecast, By Pressure range (USD Billion) (Units)
- 6.1 Key trends
- 6.2 Low (Up to 2 Bar)
- 6.3 Medium (2-5 Bar)
- 6.4 High (Above 5 Bar)
Chapter 7 Market Estimates & Forecast, By End Use (USD Billion) (Units)
- 7.1 Key trends
- 7.2 Residential
- 7.3 Commercial
- 7.3.1 Healthcare
- 7.3.2 HoReCa
- 7.3.3 Service centers
- 7.3.4 Mega retail space
- 7.3.5 Others
- 7.4 Industrial
- 7.5 Others (Government, etc.)
Chapter 8 Market Estimates & Forecast, By Distribution Channel (USD Billion) (Units)
- 8.1 Key trends
- 8.2 Direct sales
- 8.3 Indirect sales
Chapter 9 Market Estimates & Forecast, By Region (USD Billion) (Units)
- 9.1 Key trends, by region
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa
Chapter 10 Company Profiles
- 10.1 Aqua Groups
- 10.2 CRI Pumps
- 10.3 Donaldson
- 10.4 Ebara
- 10.5 Euro Molten Pumps
- 10.6 Franklin Electric
- 10.7 Grundfos
- 10.8 Kirloskar Brothers
- 10.9 Lydall
- 10.10 Mann Hummel
- 10.11 Nederman
- 10.12 Pall
- 10.13 Sulzer
- 10.14 Wilo
- 10.15 Xylem
