The global water
pump market was valued at $40,452.9million in 2014 and it is expected to
grow at a CAGR of 5.6% during the period 2015 - 2020. The factors driving the
growth of global water pump market include growing construction industry,
rising disposable income, growing water scarcity, rapid industrialization in
developing economies, and rising level of urbanization. By technology, the
centrifugal water pump segment accounted larger share in the global market in
2014, and it is expected to grow at a CAGR of 4.8% during the period 2015 - 2020.
Water scarcity is one of the major factors driving the demand for water pumps,
as governments around the world are directing industries to recycle and reuse
water. In 2011, in its Twelfth Five Year Plan, the Chinese government allocated
$60 billion for the urban wastewater system in the country.
Browse report
description with detailed TOC on “Global Water Pump Market Size, Share,
Development, Growth and Demand Forecast to 2020” at: https://www.psmarketresearch.com/market-analysis/water-pump-market
The information and data in the
publication “Global Water Pump Market
Size, Share, Development, Growth and Demand Forecast to 2020” represent the
research and analysis of data from various primary and secondary sources.
Bottom-up approach has been used to calculate the global water pump market by
technology and by end-user. The market numbers for regions are also derived through
bottom-up approach. P&S Market Research analysts and consultants interact
with leading companies of the concerned domain to substantiate every single
data presented in this report. The company bases its primary research on
discussions with prominent professionals and analysts in the industry, aided by
informed and detailed online and offline research.
Rapid growth of the urban
population is creating pressure on the existing water infrastructure which includes
delivery of utility water and removal and treatment of wastewater. To overcome
this situation, various governments in Asia and Africa are expected to increase
their spending on irrigation and drinking water schemes. This, in turn is
expected to drive the demand for water pumps in the regions. The impact of
rising urban population on water pump market is anticipated to remain high over
the next few years.
By geography, Asia-Pacific water
pump market is expected to witness the fastest growth (6.5% CAGR) globally during
2015 – 2020. Rising level of urbanization, rapid industrialization and rising
disposable income are some of the major driving forces for the Asia-Pacific
water pumps market, particularly in countries such as India and China. China is
the largest market for water pumps in the region; however, India is expected to
witness highest growth in the near future. The impact of massive
industrialization in developing countries on the water pumps market is
anticipated to remain high over the next few years. This is due to rise in
demand for water pumps from industries such as oil & gas, chemical, and
energy in these countries.
The restraints associated with
the global water pump market include growing threat from unorganized players in
Asia-Pacific.
The key companies operating in
the global water pump market include Flowserve Corporation, Ebara Corporation, Sulzer
Ltd., Grundfos Holding A/S, Kirloskar Brothers Limited, KSB Aktiengesellschaft,
Gardner Denver, Inc., ITT Corporation, Torishima Pump Mfg. Co., and The Weir
Group PLC.
WATER PUMP MARKET SEGMENTATION
Water Pump Market by Technology
- Centrifugal
Water Pump
- Positive
Displacement Water Pump
o Rotary
o Reciprocating
Water Pump Market by End-User
- Municipal
Water and Wastewater
- Chemical
- Oil and
Gas
- Energy
GEOGRAPHICAL SEGMENTATION
Water Pump Market by Region
- North
America
o The
U.S.
o Canada
o Rest
of North America
- Western
Europe
- Eastern
Europe
- Asia-Pacific
o China
o India
o Rest
of Asia-Pacific
- Rest of
the World (ROW)
About P&S Market Research
P&S
Market Research is a global market research and consulting company. We provide
market research reports, industry reports, business intelligence and research
based consulting services across a range of industries.
With
the help of our professional corporate relations with various companies, our market
research offers the most accurate market forecasting. Our analysts and
consultants interact with leading companies of the concerned domain to
substantiate every single data presented in our publication. Our research
assists our client in identifying new and different windows of opportunity and
frame informed and customized strategies for expansion in different regions.
Contact:
Ms Somya
Manger – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
US/ Canada Toll-Free: 1-888-778-7886
Web: https://www.psmarketresearch.com
No comments:
Post a Comment