Transparency Market Research has recently observed
that the sales market of global water pumps is strongly consolidated with the most
prominent actors like Flowserve Corporation, Wilo SE, ITT Pumps, Sulzer, KSB
Inc., Ebara Corporation, Xylem Inc. and Alfa Laval. Some of the significant
purchases that occurred in 2013 included the takeover of Finder Pompe SpA by
Dover, the acquisition by DXP Enterprises of Alaska Pump & Supply Inc. and
the Xylem purchase of PIMS Group. Saudi Pump Factory, the biggest producer of
pumps in the Gulf area, recently soldered 75% of its stake to Sulzer Ltd in
2014.
The inorganic growth of businesses reduces the
competition between the sector in the market for water pumps.
New product growth, technological developments in
products and acquisitions by worldwide conglomerates of smaller players are
characteristic for the industry of water pumps.
But tiny, unorganized players who are able to
develop and market economically efficient products to serve increasing customer
pools in the emerging economies also face less serious entry obstacles.
Although several international players are present, China's small-scale vendors
play a major part in the worldwide industry, serving low energy consumption and
cost effective water pumps. The strategic partnerships, mergers and
acquisitions carried out to consolidate the market in profitable regional
pockets may assist global players to consolidate their competitive position in
such conditions.
According to the study, the worldwide water pump
industry in 2016 was estimated at U.S.$ 43,599 million, with a predicted growth
of 4.9 percent from 2017 to 2025 to US$ 66,852 million by 2025.
Emerging Economies to Present
Rich Growth Opportunity to Water Pumps Market
Asia Pacific is Europe and North America's biggest
water pump market. The Asia-Pacific water pumps industry is the largest growth
rate, primarily because of the rise in the development of infrastructure in
developing nations, such as India and China. Centric-fugal water pumps retain a
majority of the market share in the products sections and are anticipated to
continue to increase at a constant pace as demand from sectors such as petroleum,
gas and municipalities is increasing. In Asia-Pacific, the oil and gas industry
is the main end-user in water pumps, as industrial water pumps are also growing
at a large pace because of the increased industrialization.
The growing amount of recycling and treatment
plants for water waste, particularly in India and China, is fueling the market
for water pumps in Asia Pacific. In the water pumping sector, new technology
such as a smart pump system has extended its price to customers. Water pumps
are used for several domestic applications, in addition to the water
circulation, including water fountains, gardening facilities and water coolers.
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Wastewater Treatment to Drive
Water Pumps Market
In the coming years, the demand for water pumps is
expected to rise owing to the growing need for industrial waste water
treatment. In the developing Asian Pacific nations, the continuing fast
infrastructural growth is expected to make a positive effect on the water pump
industry in the near future. This market is anticipated to have a positive
effect over the coming years due to fast urbanization and several
infrastructure investments due to the growing disposable revenue of
individuals. The development of the oil and refinery industry will probably add
substantially to the water pump industry.
The fast urbanization sensitizes the use of clean
water to keep life safe and healthy. Furthermore, the growing acceptance of
solar water pumps is expected to further the worldwide water pump industry over
the next few years. The government's favorable efforts are projected to support
the water pump industry growth over the forecast period, for example by
introducing budgets where farmers in India only pay ten per cent of their solar
water pump costs.
The study presented here is based on a report by
Transparency Market Research (TMR) titled, “Water Pump Market (Pump Type -
Centrifugal Pump, Reciprocating Pump, and Rotary Pump; End use - Oil and Gas
and Refining, Chemical, Power Generation, Water and Wastewater, and General
Industry) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2017 - 2025.”
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