Industrial Water Pump Market

Industrial Water Pump Market was evaluated at USD 58 Billion in 2019 and predicted to grow at 3.6% CAGR during the forecast period.

Major Industrial Water Pump Market Drivers

Industrial water pumps are widely used to supply water in the manufacturing process or for the treatment of wastewater. Based on the nature of the fluids, the industrial water pumps vary in sizes and shapes. The most common categories of these pumps are the centrifugal and positive displacement pumps. The centrifugal pumps consist of a rotating impeller to draw water into the pump, whereas the centrifugal action pressurizes the water for discharge. The positive displacement pumps utilize a reciprocating or rotating part to move the water along and generate the pressure on the discharge side of the pump.

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Major Industrial Water Pump Market Drivers

The industrial water pump market is likely to experience a high growth owing to the strong demand for industrial water pumps across several areas, including manufacturing, chemicals, power generation and the continuous expansion in the industrial sectors. Additionally, the growing technological advancements in the development of industrial pumps, such as the implementation of IoT in pumps, will further accelerate the adoption of industrial pumps. The industrial pumps enhance energy efficiency, can be controlled from a remote location control, and monitors & detects the issues before the downtime. The growing emergence of COVID-19 pandemic is leading to a fewer development of projects related to oil & gas and energy sector, which in turn, is negatively impacting the demand for industrial water pumps, especially in 2020.

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Based on the application, the water and wastewater treatment segment is expected to grow at a higher CAGR during the forecast period. The major factors fuelling the growth of the segment include favourable government policies and regulations, rising population growth rate, and rising focus of governments towards wastewater treatment worldwide.

Based on the product, the centrifugal pump segment is anticipated to grow at a faster CAGR during the forecast period due to the growing usage centrifugal pump in hydraulic fracturing for the production of oil & gas, especially in the developed nations.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is anticipated to dominate the market during the forecast period owing to the rising usage of industrial water pumps across numerous industrial end-users. The major end-use industries include water and wastewater treatment, construction, and oil and gas.

Top Market Players

Various notable players operating in the market include Baker Hughes Company, Flowserve Corporation, AR North America, Global Pump, Colfax Corporation, GRUNDFOS, ITT Inc., Haight Pumps, Franklin Electric, and Sulzer Ltd, among others.

Segments covered in the Report:

The global industrial water pump market has been segmented on the basis of product, application, and region. Based on the product, the market is segmented into positive displacement pumps, centrifugal pumps, and others. The positive displacement pumps market is further categorized into rotary, reciprocating, and others. The centrifugal pumps segment is further categorized into radial flow pump, axial flow pump, and mixed flow pump. Based on the application, the market is segmented into the chemicals, oil & gas, power, construction, water & wastewater treatment, and others.

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Market Segmentation

Global Industrial Water Pump Market by Product

• • Positive Displacement Pumps
    • Rotary
    • Reciprocating
    • Others
  • Centrifugal Pumps
    • Radial Flow Pump
    • Axial Flow Pump
    • Mixed Flow Pump
  • Others

Global Industrial Water Pump Market by Application  

• • Chemicals
  • Oil & Gas
  • Power
  • Construction
  • Water & Wastewater Treatment
  • Others

Global Industrial Water Pump Market by Region

• • North America Industrial Water Pump Market (Option 1: As a part of the free 25% customization)

• • • North America Industrial Water Pump Market by Product
    • North America Industrial Water Pump Market by Application
    • US Industrial Water Pump Market All-Up
    • Canada Industrial Water Pump Market All-Up

• • Europe Industrial Water Pump Market (Option 2: As a part of the free 25% Customization)

• • • Europe Industrial Water Pump Market by Product
    • Europe Industrial Water Pump Market by Application
    • UK Industrial Water Pump Market All-Up
    • Germany Industrial Water Pump Market All-Up
    • France Industrial Water Pump Market All-Up
    • Spain Industrial Water Pump Market All-Up
    • Rest of Europe Industrial Water Pump Market All-Up

• • Asia-Pacific Industrial Water Pump Market (Option 3: As a part of the free 25% Customization)

• • • Asia-Pacific Industrial Water Pump Market by Product
    • Asia-Pacific Industrial Water Pump Market by Application
    • China Industrial Water Pump Market All-Up
    • India Industrial Water Pump Market All-Up
    • Japan Industrial Water Pump Market All-Up
    • Rest of APAC Industrial Water Pump Market All-Up

• • RoW Industrial Water Pump Market (Option 4: As a part of the free 25% Customization)

• • • RoW Industrial Water Pump Market by Product
    • RoW Industrial Water Pump Market by Application
    • Brazil Industrial Water Pump Market All-Up
    • South Africa Industrial Water Pump Market All-Up
    • Saudi Arabia Industrial Water Pump Market All-Up
    • UAE Industrial Water Pump Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Water Pump Market All-Up

Global Industrial Water Pump Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Baker Hughes Company
  • Flowserve Corporation
  • AR North America
  • Global Pump
  • Colfax Corporation
  • GRUNDFOS
  • ITT Inc.
  • Haight Pumps
  • Franklin Electric
  • Sulzer Ltd