Transparency Market Research has recently observed that the sales marketof global water pumps isstrongly consolidated with the most prominent actors like FlowserveCorporation, Wilo SE, ITT Pumps, Sulzer, KSB Inc., Ebara Corporation, XylemInc. and Alfa Laval. Some of the significant purchases that occurred in 2013included the takeover of Finder Pompe SpA by Dover, the acquisition by DXPEnterprises of Alaska Pump & Supply Inc. and the Xylem purchase of PIMSGroup. 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 thesector in the market for water pumps.
New product growth, technological developments in products andacquisitions by worldwide conglomerates of smaller players are characteristicfor the industry of water pumps.
But tiny, unorganized players who are able to develop and marketeconomically efficient products to serve increasing customer pools in theemerging economies also face less serious entry obstacles. Although severalinternational players are present, China's small-scale vendors play a majorpart in the worldwide industry, serving low energy consumption and costeffective water pumps. The strategic partnerships, mergers and acquisitionscarried out to consolidate the market in profitable regional pockets may assistglobal players to consolidate their competitive position in suchconditions.
According to the study, the worldwide water pump industry in 2016 wasestimated at U.S.$ 43,599 million, with a predicted growth of 4.9 percent from 2017to 2025 to US$ 66,852 million by 2025.
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Emerging Economies to Present Rich GrowthOpportunity to Water Pumps Market
Asia Pacific is Europe and North America's biggest waterpump market. The Asia-Pacific water pumps industry is the largestgrowth rate, primarily because of the rise in the development of infrastructurein developing nations, such as India and China. Centric-fugal water pumpsretain a majority of the market share in the products sections and areanticipated to continue to increase at a constant pace as demand from sectorssuch as petroleum, gas and municipalities is increasing. In Asia-Pacific, theoil and gas industry is the main end-user in water pumps, as industrial waterpumps are also growing at a large pace because of the increasedindustrialization.
The growing amount of recycling and treatment plants for water waste,particularly in India and China, is fueling the market for water pumps in AsiaPacific. In the water pumping sector, new technology such as a smart pumpsystem has extended its price to customers. Water pumps are used for severaldomestic applications, in addition to the water circulation, including waterfountains, 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 riseowing to the growing need for industrial waste water treatment. In thedeveloping Asian Pacific nations, the continuing fast infrastructural growth isexpected to make a positive effect on the water pump industry in the nearfuture. This market is anticipated to have a positive effect over the comingyears due to fast urbanization and several infrastructure investments due tothe growing disposable revenue of individuals. The development of the oil andrefinery industry will probably add substantially to the water pumpindustry.
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The fast urbanization sensitizes the use of clean water to keep lifesafe and healthy. Furthermore, the growing acceptance of solar water pumps isexpected to further the worldwide water pump industry over the next few years.The government's favorable efforts are projected to support the water pumpindustry growth over the forecast period, for example by introducing budgetswhere farmers in India only pay ten per cent of their solar water pumpcosts.
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