NEW YORK , March 3, 2022 /PRNewswire/ -- The pumps market in water and wastewater treatment sector is expected to grow by USD 5.65 billion between 2021 and 2026, progressing at a CAGR of 7.13% during the forecast period. The report identifies Alfa Laval Corporate AB, Atlas Copco AB, Baker Hughes Co., Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., Grundfos Holding AS, Ingersoll Rand Inc., and others as the dominant players in the market. Market vendors will observe huge growth opportunities in APAC owing to high population growth, rapid urbanization, and increased industrialization.
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The market is driven by factors such as growing investments in water and wastewater treatment, the presence of stringent environmental regulations and policies, and the demand for new water resources due to urbanization and safety concerns. In addition, trends such as the rising demand for pump repairing and remanufacturing, integration of pumps with IIoT, and the advent of solar-powered pumps will positively influence the growth of the market during the forecast period. But the volatility in raw material prices might reduce the growth potential in the market.
Pumps Market in Water and Wastewater Treatment Sector by Application: Municipal segment to generate maximum revenue
The municipal segment is dominating the market with the largest share.
The segment is driven by increased demand for wastewater treatment coupled with the growing global population.
The increasing number of smart cities globally will also fuel the growth of the segment during the forecast period.
Pumps Market in Water and Wastewater Treatment Sector by Type: Centrifugal pumps segment to account for maximum sales
Centrifugal pumps segment accounted for maximum revenue generation in the market in 2021.
The growth of the segment can be attributed to the low cost and ease of use of centrifugal pumps.
Also, the increasing investments in water and wastewater treatments in developing countries have been crucial in driving the growth of the segment.
Regional Analysis: APAC to hold the largest market share
39% of the growth will originate from the APAC region.
Many governments in APAC are introducing various initiatives for the treatment of water. In addition, the presence of stringent regulations on the use of water for industrial purposes will foster the growth of the regional market during the forecast period.
China and Japan are the key markets for pumps in water and wastewater treatment sector in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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The pumps market in water and wastewater treatment sector size is expected to accelerate at a CAGR of 7.13% during the forecast period.
The pumps market in water and wastewater treatment sector is segmented by application (municipal and industrial), type (centrifugal pumps and positive displacement pumps), and geography (APAC, North America , Europe , Middle East and Africa , and South America ).
The market is fragmented due to the presence of many established vendors holding significant market share.
The research report offers information on several market vendors, including Alfa Laval Corporate AB, Atlas Copco AB, Baker Hughes Co., Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., Grundfos Holding AS, Ingersoll Rand Inc., KSB SE and Co. KGaA, Kubota Corp., Robert Bosch GmbH, Ruhrpumpen Group, Sintech Precision Products Ltd., SPP Pumps Ltd., Sulzer Ltd., TechnipFMC Plc, The Weir Group Plc, Wilo SE, and Xylem Inc.
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Pumps Market In Water And Wastewater Treatment Sector Scope
Accelerate at a CAGR of 7.13%
APAC, North America, Europe, Middle East and Africa, and South America
US, China, Japan, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
Alfa Laval Corporate AB, Atlas Copco AB, Baker Hughes Co., Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., Grundfos Holding AS, Ingersoll Rand Inc., KSB SE and Co. KGaA, Kubota Corp., Robert Bosch GmbH, Ruhrpumpen Group, Sintech Precision Products Ltd., SPP Pumps Ltd., Sulzer Ltd., TechnipFMC Plc, The Weir Group Plc, Wilo SE, and Xylem Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Municipal - Market size and forecast 2021-2026
5.4 Industrial - Market size and forecast 2021-2026
6.3 Centrifugal pumps - Market size and forecast 2021-2026
6.4 Positive displacement pumps - Market size and forecast 2021-2026
8.3 APAC - Market size and forecast 2021-2026
8.4 North America - Market size and forecast 2021-2026
8.5 Europe - Market size and forecast 2021-2026
8.6 Middle East and Africa - Market size and forecast 2021-2026
8.7 South America - Market size and forecast 2021-2026
8.8 US - Market size and forecast 2021-2026
8.9 China - Market size and forecast 2021-2026
8.10 UK - Market size and forecast 2021-2026
8.11 Japan - Market size and forecast 2021-2026
8.12 Germany - Market size and forecast 2021-2026
9.3 Impact of drivers and challenges
11.7 KSB SE and Co. KGaA
12.3 Currency conversion rates for US$
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