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.
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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.
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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.
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.”
For the study, the market has been segmented as follows:
Water Pump Market: Pump Type Analysis
- Centrifugal Pump
- Reciprocating Pump
- Rotary Pump
Water Pump Market: End user Analysis
- Oil & Gas and Refining
- Power Generation
- Water & Wastewater
- General Industry
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