According to MarkNtel Advisors study the Global Water & Wastewater Pumps Market size is valued at USD 10.2 billion in 2023 & is estimated to reach USD 14.1 billion by 2030.
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Key Findings of the Study: Water and Wastewater Pumps market
Global Water & Wastewater Pumps Market Trend:
Increasing Adoption of Technology-based Water Pumps – In recent years, end-user industries have been shifting towards sustainability and seeking ways to optimize water and energy usage in their operations. Along with this, the industries are signing Corporate Social Responsibility (CSR) agreements to reduce energy & resource wastage. As a result, various industry verticals are actively integrating pumps, based on techniques like Zero Liquid Discharge (ZLD) to enable adequate water management. Hence, this inclination has led water & wastewater pump manufacturers to integrate sustainable technologies like anaerobic digestion, variable frequency drive, anti-clog impeller, etc., into their pumps in recent years.
Moreover, top companies like Xylem, Grundfos, Sulzer, etc., are increasingly amalgamating digital technologies, industrial analytics, and IoTs into pump systems, which are transforming water & wastewater treatment processes across the globe. Furthermore, smart pumps equipped with sensors provide real-time data, enabling predictive maintenance, optimizing pump performance, and enhancing overall operational efficiency. Also, digital integration aligns with efficiency & sustainability trends and would drive the adoption of advanced pump systems, further fueling the Water & Wastewater Pump Market growth in forthcoming periods.
Global Water & Wastewater Pumps Market Challenge:
Fluctuations in Raw Material Price – In recent years, there have been instabilities in the prices of raw materials, such as metals, plastics, and electronic components used in pump manufacturing. The alteration in prices directly, negatively impacts the overall cost of pumps, making them inaccessible to the end-users with financial constraints. Additionally, the spike in prices of steel due to the destruction of steel production facilities in Ukraine and soaring energy costs have led to widespread plant idling and production stoppages, especially in Europe. This collapse in steel production makes it challenging for pump manufacturers to maintain stable pricing & profitability.
According to the president of Kovai Power Driven Pumps and Spares' Manufacturers (KOPMA), around 3000 small-scale pump manufacturing units are functioning in Coimbatore, out of which approximately 50% of small manufacturing units are under heavy financial crisis since they are unable to compete with big players on pricing. Therefore, several water pump manufacturers in countries, like India, and others, are either closing down their manufacturing units or increasing the cost of the water pumps to sustain in the market, hence negatively impacting the Water and Wastewater Pump Market growth.
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Scope of the Report and Water and Wastewater Pumps Market Segmentation:
By Pump Type
- Centrifugal – Market Size & Analysis 2019-2030F, (USD Million)
- End Suction – Market Size & Analysis 2019-2030F, (USD Million)
- Split Case – Market Size & Analysis 2019-2030F, (USD Million)
- Vertical – Market Size & Analysis 2019-2030F, (USD Million)
- Turbine – Market Size & Analysis 2019-2030F, (USD Million)
- Axial Pump – Market Size & Analysis 2019-2030F, (USD Million)
- Mixed Flow Pump – Market Size & Analysis 2019-2030F, (USD Million)
- Submersible Pump – Market Size & Analysis 2019-2030F, (USD Million)
- Positive Displacement – Market Size & Analysis 2019-2030F, (USD Million)
- Progressing Cavity – Market Size & Analysis 2019-2030F, (USD Million)
- Diaphragm – Market Size & Analysis 2019-2030F, (USD Million)
- Gear Pump – Market Size & Analysis 2019-2030F, (USD Million)
- Others – Market Size & Analysis 2019-2030F, (USD Million)
By End User
- Industrial Water & Wastewater – Market Size & Analysis 2019-2030F, (USD Million)
- Municipal Water & Wastewater – Market Size & Analysis 2019-2030F, (USD Million)
The Municipal Water & Wastewater segment accounts for the potential share in the Global Water & Wastewater Pumps Market.
Water and Wastewater Pumps Market Development:
- 2023: Sulzer Pump Solutions Inc., announced its plans to expand operation in Pickens County, the US, with a total investment of around USD 5.3 million.
- 2023: Grundfos acquired Metasphere, a smart sewer solution provider, to strengthen its product portfolio and to provide its global municipal customers with even more product offerings.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Asia-Pacific region would capture the largest share of the Water and Wastewater Pump Market in the upcoming years.
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