The North America Water Pump Market would witness market growth of 3.8% CAGR during the forecast period (2022-2028).
The usage of water pumps is anticipated to increase due to government initiatives to enhance water supply, sanitation, and infrastructure. Along with several government programs for reinforcing and improving existing structures, there is an increased emphasis on constructing desalination and wastewater treatment facilities throughout the nation. New infrastructure developments are other significant factors anticipated to drive water pump demand in India over the projected period.
As out-of-date pumps and water pumps are modernized in industrial applications, the need for new, high-efficiency water pumps is expected to increase. In addition, replacing diesel pumps with electric ones is another significant factor that will favorably impact the water pump market. Manufacturers and service providers of water pumps, particularly, stress the need to take advantage of this expanding demand.
A lot of American governments are also promoting the creation of smart cities and, consequently, the use of intelligent water pumps. Therefore, the increase in government-sponsored smart city projects is another factor influencing market demand. Increased domestic activity in developing economies like Canada and the United States is projected to stimulate market expansion for water pumps in the region. Also, growing government initiatives in the US to recycle wastewater are predicted to positively impact the North American water pump market during the anticipated timeframe.
The US market dominated the North America Water Pump Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,410 Million by 2028. The Canada market is poised to grow at a CAGR of 5.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.5% during (2022 - 2028).
Based on Type, the market is segmented into Centrifugal and Positive Displacement. Based on Driving Force, the market is segmented into Electric Driven and Engine Driven. Based on Application, the market is segmented into Oil & Gas, Water & Wastewater, Chemicals, Power Generation and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Water Pump Market is Predict to reach $71.7 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atlas Copco AB, Baker Hughes Company, Flowserve Corporation, Grundfos Holding A/S, Sulzer Ltd., Ebara Corporation, Xylem, Inc., KSB SE & Co. KGaA, Kirloskar Brothers Limited (Kirloskar Group), and Husqvarna Group.
By Type
By Driving Force
By Application
By Country
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