Global Water Pumps Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Japan, Japan, Mon, 18 Oct 2021 06:40:26 / Comserve Inc. / -- MarkNtel Advisors' research report, "Global Water Pump Market Analysis, 2021," the market is likely to grow at a CAGR of around 5.9% during 2021-26.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

Water pumps are water controlling equipment that use evaporation or pumping to move water from one area to another. According to MarkNtel Advisors' research report, "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.

The Covid-19 pandemic has negatively impacted the growth of the water pump market due to a delay in the various ongoing development projects and investment halts in end-user industries. Further, the supply chain disruptions harmed the demand for water pumps because of closed borders and disturbed export activities. However, the market has resumed after the upliftment of lockdown, and the water pump market is likely to witness robust growth in the forthcoming years.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Water Pumps Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Chemical and Oil & Gas Industry Accounted for the Substantial Market Share
Based on the end-user system, the Chemical and Oil & Gas sector accounted for the substantial market share in the Global Water Pump market in 2019. The segment growth attributes to the surging demand for water pumps in the chemical industry owing to corrosion resistance.

Moreover, innovative safety features like pressure switches, leak detection, etc., are added in water pumps by manufacturers, due to which the demand for water pumps is likely to grow significantly. Further, the significant growth in the oil & gas sector due to the increasing electricity requirements and surging investments in the oil & gas sector is likely to augment the market growth in the upcoming period, reveals MarkNtel Advisors in their research report, "Global Water Pump Market Analysis, 2021."

Centrifugal Pump Dominated the Market
Based on the type, the market segments are Centrifugal Pumps and Positive Displacement. The Centrifugal Pump segment dominated the Global Water Pump market in 2019. Its demand is high for agricultural and irrigation purposes due to the rising dependency on groundwater, especially in India. The rising water pollution and rapid funding for expanding infrastructures are surging the demand for water pumps to treat industrial wastewater. Hence, the growing need for energy-efficient pumps is likely to drive the growth of centrifugal water pumps as they are highly efficient and less expensive.

Asia-Pacific Accounted for the Largest Market Share
Asia-Pacific accounted for the largest market share in the Global Water Pump market in 2019, in which China and India acquired the majority market share. The growth attributes to a boost in freshwater requirements and the increasing demand for water pumps in industries and the agriculture sector. Moreover, technological advancements in water pumps, like the emergence of Smart intelligent pump systems through IoT, robustly growing urban population, and soaring investments in developing commercial & residential infrastructures, are a few crucial factors driving the market growth.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-115498
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Water Pumps Market Research Report: Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast (2021-2026)

Increasing Demand of Water Pump in Wastewater Treatment Plant
The soaring freshwater demand due to the growing urban population and robust industrialization, rising water scarcity, and snowballing prevalence of waterborne disease are the factors burgeoning the investments towards the development of wastewater treatment plants in Asia, the Middle East, and African countries. Additionally, massive investments in water infrastructure, growing environmental concerns, and strict government regulations for wastewater treatment further contribute to the lucrative segment growth in the forecast period.

Competitive Landscape
According to MarkNtel Advisors, the major leading players in the global Water Pump market are Flowserve Corporation, Pentair PLC, Sulzer Limited, Kirloskar Brothers Limited (KBL), Grundfos, Xylem Inc, KSB Group, Wilo, ITT Inc., Torishima Pump MFG. Co. LTD., etc.

Key Questions Answered in the Market Research Report:
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Water Pump Market?
2. What is the region wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, opportunities, current and future trends and regulations in the Global Water Pump Market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in Global Water Pump Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Water Pump Market study?

TABLE OF CONTENT

'1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Water Pumps Market
5. Impact of IoT
6. Global Water Pumps Market Outlook, 2016-2026F
6.1. Market Size & Forecast

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