Global 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 market report for Water Pump provides a comprehensive analysis of the competition together with data on market share and company profiles for the top international rivals. The study's scope covers a thorough analysis of the Water Pump Market as well as the variables affecting regional variances in the sector's growth.
Market Scope:
Extensive primary research was conducted to collect data and verify key figures once market engineering, which involved market statistics calculations, market size estimates, market projections, market breakdown, and data triangulation, was finished. Top-down, bottom-up, and other data triangulation approaches were frequently used throughout the market engineering process to conduct market estimates and forecasting for the overall market segments and sub-segments described in this study. All data gathered during the market engineering process is subjected to extensive qualitative and quantitative analysis in order to give crucial information throughout the study.
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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 numerous government initiatives for strengthening and developing existing structures, there is an increased focus on the development of desalination and wastewater treatment facilities in the nation. Other significant factors that are anticipated to drive demand for water pumps in India during the forecast period include new infrastructure projects.
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 segment for centrifugal pumps had the highest market share at 52%. In contrast to positive displacement design type water pumps, which are used in hydraulic systems, centrifugal water pumps are frequently used in buildings, wells, fire protection systems, and hot water circulation in industries. When compared to positive displacement pumps, centrifugal pumps have a larger market share in the overall water pump market.
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Key Players:
Both primary and secondary research are carried out to determine the market's leaders and forecast market revenue. The in-depth interviewees for the main study included CEOs, marketing executives, and seasoned front-line workers, to name just a few notable thought leaders and subject matter experts. In-depth interviews with significant thought leaders and business experts, including CEOs, marketing executives, and seasoned front-line personnel, were done as part of the primary research.
Reviewing the annual and financial reports of the major manufacturers was done as part of the secondary study. To compute percentage splits, market shares, growth rates, and global market breakdowns, secondary data is used. The outcomes of these calculations are then contrasted with original information. The following companies dominate the ## market:
• 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:
The specific market driving forces and changes in market legislation affecting present and future market trends are also included in the regional market research report for Water Pump. In order to assess the potential market as a whole and identify profitable patterns to build a stronger foundation, current and upcoming trends are researched. The current environment and expected trends form the foundation of the regional market's evaluation.
COVID-19 Impact Analysis on Water Pump Market:
The growth of end-user industries using Water Pump declined between January 2020 and May 2020 as a result of a halt in operations. These nations included China, the United States, the United Kingdom, Spain, France, Italy, and Spain. As a result, both the market for Water Pump manufacturers and the earnings of businesses involved in these industries saw a dramatic fall. The market's growth in 2020 was impacted by this. End-user business demand for Water Pump has been significantly reduced as a result of lockdowns and an increase in COVID-19 incidents globally.
Key Questions Answered in the Water Pump Market Report are:
- What market sector represented the most percentage of Water Pump in 2021?
- To what extent is the marketplace competitive?
- What are the main elements impacting the development of the Water Pump market?
- Which region commands the largest market share in Water Pump?
- What is the expected CAGR for the market from 2022 to 2029?
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