Global Water Pumps Market Outlook for 2021-26
Markntel Advisors has conducted a comprehensive study on the Global Water Pump Market Analysis, 2021," the market is likely to grow at a CAGR of around 5.9% during 2021-26. The factors surging the market growth include increasing demand for solar & energy-efficient water pumps across different end-users, such as oil & gas, agriculture, & construction service sectors, innovative product launches by market leaders, and the rising need for water pumps in pharmaceutical companies. Additionally, snowballing investments by countries in the wastewater treatment plant further fuel the demand for water pumps.
In addition, the Global Water Pumps Market Study highlights the impact of domestic and localized market players, emerging revenue opportunities, strategic market growth analysis, product approvals, product launches, geographic expansions, and technological innovations. The objective of the report is to provide a detailed understanding of the industry, including its features, factors, and elements, along with insights into the regulatory scenario & regional dynamics that may impact market growth.
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Rising Usage of the Solar Water Pumps in Agricultural Sector
Agriculture is crucial to economic growth & the share of agriculture in the global Gross Domestic Product (GDP) per the Food and Agriculture Organizations, the US & World Bank has been around 4% and in some least developing countries, it might account for more than 25% of GDP. The agricultural industry heavily relies on the monsoon for natural irrigation, therefor pumps serve as artificial methods to supply water for irrigation. Due to the reliance on grid electricity or diesel generators to operate pumps, farmers experience significant delays and economic burdens. Therefore, the advent of efficient irrigation systems like solar water pumps is a tremendous advantage to farmers since they provide a consistent and uninterrupted water supply to the fields.
Tapping into solar energy encounters various obstacles, such as the high initial investment and dependence on weather conditions. However, supportive government policies & subsidies to boost sustainable agriculture practices & installation of solar water pumps across the globe.
Global Water Pumps Industry Breakdown: Key Revenue Generating Segments
To facilitate focused analysis, the Water Pumps Market has been divided into different segments, providing shareholders with the opportunity to identify their areas of interest and the most profitable opportunities within the market. By incorporating technical trends, comprehensive analysis of the downstream & upstream value chain, as well as Porter's five forces analysis, we have diligently forecasted the industry landscape for specific regions/countries, presenting critical pointers for informed decision-making. The segments are as follows:
-By Type
-Centrifugal Pumps
-Positive Displacement
-By End User
-Oil & Gas
-Power Generation
-Residential
-Agriculture & Irrigation
-Commercial Building
-HVAC
-Fire
-Chemicals
-Water & Wastewater
-Food & Beverage
-Others
-By Region
-Asia-Pacific
-North America
-South America
-Europe
-Middle East & Africa
Each sections offer valuable insights into the Water Pumps Market. The report includes essential pillars of the industry study, such as drivers, restraints, opportunities, and challenges. The report also provides information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, and technological advancements, potential for improvement, applications, among others.
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Competitive Analysis of the Global Water Pumps Industry
-Flowserve Corporation
-Pentair PLC
-Sulzer Limited
-Kirloskar Brothers Limited (KBL)
-Grundfos
-Xylem Inc
-KSB Group
-Wilo
-ITT Inc.
-Torishima Pump MFG. Co. LTD.
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Global Water Pumps Market Research Report Answers the Following Key Questions
- How big is the Global Water Pumps Market?
- What is the projected growth rate or CAGR of the Global Water Pumps Market during 2021-26?
- What are the key trends or growth opportunities for the key players in the Global Water Pumps Market?
- Which ‘segment’ seems promising for companies operating in the Global Water Pumps Market?
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