The Global Water Pump Market is Predict to reach $71.7 Billion by 2028, at a CAGR of 4.5%

Water Pump Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Water Pump Market size is expected to reach $71.7 billion by 2028, rising at a market growth of 4.5% CAGR during the forecast period.

The Positive Displacement segment is showcasing a CAGR of 5.3% during (2022 - 2028). Pumps with positive displacement include rotary and reciprocating pumps, among others. This works by pushing a certain amount of liquid through the pump's input pressure portion and the discharge zone. These pumps aid in boosting viscosity and productivity. As a result, they are widely employed in sectors including wastewater treatment, pulp and paper, chemical, pharmaceutical, and food and beverage.

The Electric Driven segment acquired maximum revenue share in the Global Water Pump Market by Driving Force in 2021 thereby, achieving a market value of $46 billion by 2028. This is so that they may be utilized in sectors like the meat industry, food and beverage industry, fish canneries, milk and dairy sectors, and others that employ electric pumps. In addition, applications like dishwashers and washing machines utilize electric pumps. Electric pumps are increasingly in demand due to increased manufacturing and industrial activity worldwide, which is projected to support the market's expansion.

The Water & Wastewater segment has shown the growth rate of 4.6% during (2022 - 2028). In the next years, demand for water pumps is anticipated to increase due to the growing industrial wastewater treatment requirement. The need for water pumps has also greatly expanded due to continuous advancements in the industrial sector, notably in the power, energy, and agricultural sectors. In addition, several government initiatives to recycle wastewater to stop water pollution are predicted to cause the water pump market to expand in the near future.

The Asia Pacific market dominated the Global Water Pump Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28.3 billion by 2028. The Europe market is exhibiting a CAGR of 4.2% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 3.8% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/water-pump-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Water Pump Market Segmentation

By Type

• Centrifugal
• Positive Displacement

By Driving Force

• Electric Driven
• Engine Driven

By Application

• Oil & Gas
• Water & Wastewater
• Chemicals
• Power Generation
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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)
• Husqvarna Group

Related Reports:

North America Water Pump Market Size & Scope & Trends, 2028

• February-2023
• 92 Pages

LAMEA Water Pump Market Size & Industry Trends Report, 2028

• February-2023
• 101 Pages

Europe Water Pump Market Size & Growth Estimation by 2028

• February-2023
• 101 Pages

Asia Pacific Water Pump Market Size & Market Dynamics, 2028

• February-2023
• 102 Pages