MarkNtel Advisors has just published a new research report titled "Water Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the Water Pumps market from 2024 to 2030?
The Global Water Pump Market size was valued at around USD 45.95 billion in 2023 & is estimated to grow at a CAGR of around 4.72% during the forecast period, i.e., 2024-30.
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Water Pumps Market by Segments
By Type
- Centrifugal Pump–Market Size & Forecast 2019–2030F, Thousand Units
- Positive Displacement Pump – Market Size & Forecast 2019 – 2030F, Thousand Units
By End User
- Oil & Gas - Market Size & Forecast 2019-2030F, Thousand Units
- Power Generation - Market Size & Forecast 2019-2030F, Thousand Units
- Residential – Market Size & Forecast 2019-2030F, Thousand Units
- Agriculture & Irrigation – Market Size & Forecast 2019-2030F, Thousand Units
- Commercial Building – Market Size & Forecast 2019-2030F, Thousand Units
- HVAC – Market Size & Forecast 2019-2030F, Thousand Units
- Chemicals – Market Size & Forecast 2019-2030F, Thousand Units
- Water & Wastewater – Market Size & Forecast 2019-2030F, Thousand Units
- Food & Beverage – Market Size & Forecast 2019-2030F, Thousand Units
- Others– Market Size & Forecast 2019-2030F, Thousand Units
A comprehensive report on the Water Pumps Market is available now- https://www.marknteladvisors.com/research-library/global-water-pumps-market.html
Water Pumps Market Report Segment by Regions
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa
What are the current trends in the global Water Pumps Market?
The Emergence of Smart Water Pumps to Augment Market Growth – Climate change and the wastage of water resources by water pump solutions pose a significant threat to water management systems. The depleting water table in countries worldwide has created a demand for intelligent solutions to address the water waste issue. Therefore, motor pump manufacturing companies such as Grundfos, Xylem, etc., have been offering end-consumers advanced water pump solutions. These solutions are equipped with advanced monitoring and control systems that optimize energy consumption.
Moreover, these intelligent pumps adjust their speed and operation based on real-time water demand, reducing energy waste and lowering electricity bills. Thus, end-user industries and consumers are gradually inclining towards intelligent water pump technology. Furthermore, smart water pump solutions provide cloud connectivity with digital services and offer high energy efficiency & low life-cycle costs, reducing complexity. Therefore, they are suitable for green buildings. Consequently, as smart cities are being developed across Asia, Europe, and the Middle East, the demand for intelligent water pump solutions is expected to increase during the forecast period. Ultimately, this will augment the size & volume of the Water Pump Industry globally.
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Who are the key players in the Water Pumps Market?
- China
- India
- Japan
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
Questions Addressed in this Study
- What factors are driving the Water Pumps Market growth?
- How is the Water Pumps Market expected to grow over the next five years?
- What are the key insights into the current trends in the Water Pumps Market?
- What is the current size of the Water Pumps Market, and how is it projected to change in the future?
- What is the future outlook for the Water Pumps Market in terms of technological advancements and market expansion?
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