Global Water Pump Market | Growth, Opportunities, Key Players, Regional Outlook and Forecast 2027

Water Pump Market Overview:

The purpose of this study is to provide an in-depth analysis of the Water Pump market by segments, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Water Pump industry. The study also provides a thorough examination of the market's value chain.

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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.

Market Scope:

The research method used to assess and forecast the Water Pump market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Water Pump market.

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:

Based on Pump Type, the Global Water Pump Market is segmented into Centrifugal Pump, Positive Displacement Water Pump and Others. In 2020, the segment for centrifugal pumps had the highest market share, at 52%. Centrifugal water pumps are used widely in buildings, wells, fire protection system and hot water circulation in industries, whereas positive displacement design type water pumps are used in hydraulic systems. 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: the key players are:

• 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

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Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

COVID-19 Impact Analysis on Water Pump Market: The detailed review of COVID-19 impact on the Water Pump market based on import, suppliers, ket players have also been included in the Water Pump market report.

Key Questions Answered in the Water Pump Market Report are:

• Which segment had the largest share in the Water Pump market?
• How is the competitive landscape of the Water Pump market?
• Which are the key factors impacting the Water Pump market growth?
• Which region has the maximum share in the Water Pump market?
• What will be the CAGR of the Water Pump market during the forecast period (2021-2027)?

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