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Water pump is a mechanical device that imparts energy to fluid in order to raise, compress or transfer fluids. Rapid industrialization and urbanization in developing countries is propelling demand for water pumps across various end user segments.
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Summary Water pump is a mechanical device that imparts energy to fluid in order to raise, compress or transfer fluids. Rapid industrialization and urbanization in developing countries is propelling demand for water pumps across various end user segments. Water pumps are used to provide continuous water supply in hospitals, residential, commercial and industrial facilities, and others modern infrastructure.
According to “Global Water Pumps MarketBy Type, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2025”, global water pumps market is projected to cross US$ 67 billion by 2025, on account of increasing water scarcity, and growing need to upgrade existing water pump base and replace older pumps. Although centrifugal pumps dominate demand for water pumps across the globe, demand for positive displacement pumps is projected to grow at a robust pace, on account of their versatility of application and low maintenance.
Additionally, Asia-Pacific dominated global demand for water pumps, due to growing industrialization in major developing economies. Some of the leading players operating in global water pumps market include GRUNDFOS Holding, Flowserve, Sulzer, Xylem, Torishima Pump and Kirloskar Brothers, etc., “Global Water Pumps Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 - 2025”
Report elaborates following aspects related to global water pumps market:
Report Methodology The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with water pump manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.
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