Water Pump Market Forecast, 2015-2024

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Water Pump Market Forecast, 2015-2024
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Summary

• Global Water Pump Market is estimated to reach
  67.9 billion by 2024 growing at a CAGR of 5.5
  from 2016 to 2024.
• Water pumps are devices used for hauling water
  from various water resources.
• It is used across several applications including
  industries and household sector.
• Water pumps are primarily used for continuous
  supply of water for various industrial and
  commercial applications including houses,
  hospitals, gardening, water fountain, and other
  infrastructures and also ensures sufficient water
  for agricultural applications.
• It is also used for the supply and transportation
  of several forms of liquid depending upon the
  capacity and material of the pump.

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• The drivers of the global water pump market
  include rapid industrialization and urbanization,
  water shortage is certain parts of the globe, and
  increased demand for advanced water pumps.
• However, factors such as high competition due to
  presence of large unorganized group and
  availability of low grade products would limit
  the growth of the market.
• Furthermore, increasing number of brownfield
  projects and construction of new water recycling
  plants could provide several growth opportunities
  in the coming years.

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• The water pump market is categorized into
  technology, end-user and geography. By
  technology, the market is segmented into
  centrifugal water pump, and positive displacement
  water pump. End user is further bifurcated into
  energy, municipal water and wastewater, oil
  gas, chemical, and others.
• Based on geography, water pump market is
  segmented into North America, Europe, Asia
  Pacific, and Rest of the World (RoW). North
  America is further bifurcated in U.S., Canada,
  and Mexico whereas Europe consist of UK, Russia,
  Germany, France, Italy, and others. Asia-Pacific
  is segmented into India, China, Japan, South
  Korea, and others while RoW is bifurcated into
  South America, Middle East, and Africa.

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• The key market player includes
• Weir Group PLC
• General Electric Company
• Weatherford International Inc
• Gardner Denver, Inc.
• Kirloskar Brothers Limited
• Torishima Pump Mfg. Co.
• ITT Inc.
• PROCON Products
• KSB Group
• Sulzer Ltd., among others

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Water Pump Market Forecast, 2015-2024
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