Water Pump Market size was valued at US$ 47.78 Bn. in 2020 and the total revenue is expected to grow at 5.6 % through 2021 to 2027, reaching nearly US$ 69.97 Bn.
Water Pump Market Overview:
The objective of this MMR report is to figure out how big the Water Pump market is. The global industry is covered in both qualitative and quantitative detail in this MMR Water Pump Market Report. Find out about the most important Water Pump market drivers, constraints, opportunities, success pressures, issues, and concerns. Asia Pacific, North America, Europe, and other regions will be split and forecasted in greater detail (ROW). The key countries in each region are further split and forecasted. Maximize Market Research used secondary sources such as encyclopaedias, directories, and databases to gather information for this large commercial analysis of the Water Pump market. We contacted major industry and supplier experts as a primary source to get and evaluate vital data and forecast the sector’s future possibilities.
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Drivers :
The agricultural sector is experiencing an increase in demand for water pumps due to growing dependence on groundwater and monsoon irregularities. The country’s use of water pumps is anticipated to increase as a result of government initiatives to enhance water supply, sanitation, and infrastructure. Along with several government programmes for reinforcing and developing existing structures, there is an increased focus on the development of desalination and wastewater treatment facilities throughout the nation. Other significant factors that are anticipated to drive demand for water pumps in India over the projected period are new infrastructure developments.
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Segmentation:
The Centrifugal Pump, Positive Displacement Water Pump, and Others segments of the global water pump market are based on pump type. In 2020, the sector for centrifugal pumps had the highest market share at 52%. In contrast to positive displacement design type water pumps, which are utilised in hydraulic systems, centrifugal water pumps are frequently employed in buildings, wells, fire prevention systems, and hot water circulation in enterprises. When compared to positive displacement pumps, centrifugal pumps have a larger market share in the overall water pump market.
Key Players:
• 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
Regional Analysis:
Maximize market research Water Pump Market reports are available for North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. As part of its research, MMR looks into important market segments and sub segments, as well as major market sectors. Make the most of market research Water Pump Market studies rank creative nations by market size, share, and volume. Quantity, area, sales, market chain systems, and trends are all part of the package.
To produce a 360-degree analysis of the Water Pump Market, MMR conducted both primary and secondary research. This aided in the comprehension of current market dynamics, such as supply-demand imbalances, pricing patterns, product preferences, and customer behaviour, among other things. The findings were backed up by primary research with industry professionals and opinion leaders from throughout the world. The data is compiled and validated using a variety of market estimation and data validation approaches. MMR has its own data forecasting engine, which forecasts market growth until 2027.
COVID-19 Impact Analysis on Water Pump Market:
The COVID-19 Rule had a substantial impact on global, industrial, and labour expectations in 2020 and 2021. COVID-19 is a threat to society and our way of life, requiring immediate industrial assistance and innovation. COVID-19 causes a slew of issues for Indian expats. As a result of the embargoes, millions of migrant workers have lost their employment, are facing food shortages, and are concerned about their future.
The overall purpose of the MMR study is to better understand the current economy, COVID-19, and its implications for the commercial sector. The COVID-19 is followed by MMR in most industries, sectors, and fields. With the Maximize Market Research Report, you can see how COVID-19 can affect industry losses and growth (MMR).
Key Questions Answered in the Water Pump Market Report are:
- Which product segment grabbed the largest share in the Water Pump market?
- How is the competitive scenario of the Water Pump market?
- Which are the key factors aiding the Water Pump market growth?
- Which region holds the maximum share in the Water Pump market?
- What will be the CAGR of the Water Pump market during the forecast period?
- Which application segment emerged as the leading segment in the Water Pump market?
- Which are the prominent players in the Water Pump market?
- What key trends are likely to emerge in the Water Pump market in the forecast period?
- What is the expected Water Pump market size by 2027?
- Which company held the largest share in the Water Pump market?
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