global water pump market size, share, development, growth and demand forecast to 2020
TRANSCRIPT
GLOBAL INDUSTRY INSIGHT: Water Pump Market Size, Share, Development, Growth and Demand
Forecast to 2020
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Global Water Pump Market Size, Share, Development, Growth
and Demand Forecast to 2020
Water pump refers to the most dynamic mechanical devices with applications in various industries and
households. 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.
In 2011, in its Twelfth Five Year Plan, the Chinese government allocated $112 billion for upgrades to water
treatment and piping systems. Moreover, over the last few years, the use of water pumps has increased in urban
households. The lifestyle of the urban population is fast-paced and modern as compared to that of the rural
population. Majority of manufacturers are offering varieties of water pumps to meet the growing demand from
households.
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On the basis of technology, the water pump market can be segmented into centrifugal and positive displacement
pumps. The various positive displacement pumps include rotary pump, reciprocating pump, and others. A
centrifugal pump refers to a rotodynamic pump that uses a rotating impeller to increase the pressure and flow rate
of a fluid. Centrifugal pumps are most commonly used to move a fluid through a piping system. These pumps
consist of two basic components – rotary element or impeller and stationary element or casing. Centrifugal pumps
are widely used in wells, buildings, hot water circulation systems, and fire protection systems in industries.
Positive displacement pumps function by forcing a fixed volume of liquid from the inlet pressure section of the
pump into the discharge zone. In positive displacement pumps, efficiency increases with increase in viscosity.
Positive displacement pumps can be used in industries such as pulp and paper, pharmaceutical, chemical,
wastewater treatment, and food and beverage. Based on end user, the water pumps can be categorized as water
and wastewater, oil & gas, energy, chemical, and others.
Some of the drivers behind the growing demand of global water pumps include growing construction industry and
rising disposable income, growing water scarcity, rapid industrialization in developing economies, and rising level
of urbanization. Growing threat from unorganized players in Asia-Pacific are some of the major restraints for water
pump market.
Geographically, Asia-Pacific is expected to maintain its dominance in the global water pumps market during the
forecast period. Europe is expected to witness marginal growth in the water pump market in near future. However,
the Asia-Pacific region is expected to witness the highest growth globally during the forecast period. This is mainly
due to the rising urban population and industrialization in the emerging markets of China and India. Currently,
developing economies such as India and China are witnessing rapid industrialization and China is the world’s
largest industrial producer. According to data published by the United Nations, in 2007, China’s total industrial
production was only 62% of that of the U.S., which increased to 120% by 2011. According to the Central
© P&S Market Research. All rights reserved 3
Global Water Pump Market Size, Share, Development, Growth
and Demand Forecast to 2020
Intelligence Agency’s (CIA) World Factbook, in 2012, China’s industrial production value was $3.7 trillion
compared to $2.9 trillion for the U.S.
Growing construction of residential and non-residential buildings is driving the demand for water pump in Europe.
For infrastructure development, the U.K government’s public sector investment is expected to increase by $4.9
billion to about $77.7 billion in 2013 – 2014, over 2012 – 2013. It was expected to further increase to about $83.0
billion in 2014 – 2015. With the increase in infrastructure investment, demand for water pumps is anticipated to
increase.
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Some of the major competitors of water pumps market include Grundfos Holding A/S, KSB Aktiengesellschaft,
Flowserve Corporation, Sulzer Ltd., Ebara Corporation, Kirloskar Brothers Limited, ITT Corporation, Torishima
Pump Mfg. Co., Ltd., The Weir Group PLC, and Gardner Denver, Inc.
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