Growing mining and agriculture sectors, increasing number of infrastructure projects and rising demand for sustainable pump solutions to drive Australia water pumps market through 2024
According to TechSci Research report, “Australia Water Pumps Market By Type, By Application, Competition Forecast & Opportunities, 2014 – 2024’’, water pumps market in Australia is projected to grow at a CAGR of over 4% during the forecast period, on the back of robust growth of mining and agriculture sectors in the country. Supportive government policies and initiatives such as China-Australia Free trade agreement and pumped hydro energy storage, in addition to growing investments in the infrastructure sector, increasing demand for energy efficient water pumps owing to rising impact of global warming, and growing foreign direct investment, are expected to further aid market growth during the forecast period.
Browse 17 market data Tables and 46 Figures spread through 95 Pages and an in-depth TOC on “Australia Water Pumps Market”
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Based on product type, Australia water pumps market has been majorly segmented into centrifugal and positive displacement water pumps. Centrifugal water pumps segment dominates the country’s water pumps market. Moreover, it is anticipated to emerge as the fastest growing segment in the coming years, owing to its growing demand from various end use industries such as mining & mineral processing, chemical, pulp & paper, etc. Additionally, centrifugal water pumps are used in domestic and swimming pool application, water and wastewater treatment as well as oil refineries. Increasing foreign direct investment, growing adoption of solar water pumps and rising Australian government’s sales and service income from the agriculture and mining industries are some of the other key factors which are likely to positively influence the water pumps market in Australia in the coming years.
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“Western Australia is the largest demand generating region for water pumps in the country, owing to huge mining and agriculture activities in the region. Presence of iron, coal, gold, silver and copper mining industry coupled with strong existence of agricultural industry in Queensland, Western Australia and New South Wales regions is expected to boost the sales of water pumps in the country during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Australia Water Pumps Market By Type, By Application, Competition Forecast & Opportunities, 2014 – 2024’’ has evaluated the future growth potential of water pumps market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia water pumps market.
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