Water Booster Pump Market Insights, Forecast to 2028, Breakdown Data by Manufacturers, Key Regions, Types and Application
Accordingto a new market report published by Industry Probe (https://www.industryprobe.com)titled ‘WaterBooster Pump Market (Product Type: Single Stage andMultiple Stage; Power Rating: 0-1.0 Hp, 1.1-5.0 Hp, 5.1-10.0 Hp, and Above 10.1Hp; Application: Agriculture, Residential, Commercial, and Industrial[Manufacturing, Automotive, Water & Wastewater, Food & Beverages, andOthers]; and Distribution Channel: Online [Company-owned Website and ThirdParty Website] and Offline [Retailers, and Wholesalers & Distributors]) – GlobalIndustry Dynamics, Trends, and Forecast, 2020–2027,’ theglobal water booster pump market is expected to reach US$ 6 Bn by 2027 andexpand at a CAGR of 6.5% from 2020 to 2027.
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As per the study, the increasing number of waterrecycling and water waste treatment plants in advanced and developing countriesis a major factor expected to drive the growth of the global water boostermarket. The global water booster pump market was valued at US$ 3,464.2 Mn in2018 and is anticipated to extend at a CAGR of 6.5% from 2019 to 2027. Besides,rapid industrialization and technological progressions, such as intelligentpump system in the water pump industry are some other factors contributing tosupport growth of the global market to certain extent. Increase in waterinsufficiency and rise in population are envisioned to boost the global marketfor water booster pump shortly. Moreover, To maintain high productivity andstay competitive in the business, farmers are focusing on profitability, whichincludes energy optimization and better use of water reserves. Hence, thedemand for water booster pump is increasing in the agriculture sector.
The global water booster pump market has beensegmented based on product type, power rating, application, distributionchannel, and region. Also, the water booster pump has a broad assortment ofapplications in the residential sector, commercial sector, agricultural sector,and in various industries. The ongoing trend for solar water booster pumps isfueling the demand for water booster pumps in the market. The current water boosters from the marketwork on electricity, which can be costly and not environment-friendly. Whereas, solar booster pumps could save energyand are completely eco-friendly. The global water booster pump market hasfurther bifurcated based on product type, power rating, application,distribution channel, and region. Customer' choice for low-priced water pumpsinstead of reputed brands is a major factor expected to hamper the growth ofthe global market to a certain extent.
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As per the study, The Middle East and Africa areanticipated to be an important upcoming market for water booster pumps duringthe calculated period. The Asia Pacific held a major share of the global waterbooster pump market in 2018 followed by North America and Europe. The dominancecan be associated with a developing yoke on groundwater for irrigation andother agricultural purposes rather than monsoons in developing countries suchas India and the presence of famous players operating in countries of thisregion. The market in Latin America is anticipated to observe reasonablegrowth, owing to the increasing construction of water recycling industries andthe increasing presence of major manufacturers in developing countries such asBrazil and Argentina in this region. The rise in construction activities, rapidurbanization, and stringent government regulations are projected to drive thewater booster pump market in the region.
The report includes the below mentioned pointers ofmajor players operating in the Water Booster Pump Market:
· CompetitionMatrix
· CompanyOverview
· MarketShare Analysis (2018)
· ProductInnovation
· BusinessStrategies / Recent Developments
· Technologicaladvancements
· Keymergers and acquisitions
· Expansionstrategies
· CompanyFinancials
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The water booster pump market is fragmented due to thepresence of several players. Competition is demanded to intensify shortly withthe entry of several local players. Key companies profiled in the researchreport include Aquatec International, Inc., Dab Pumps Spa, KSB Pumps Limited,Franklin Electric Co., Inc., Grundfos, Xylem Inc., Kärcher International,SyncroFlo Inc., Wilo SE, and Pentair Plc.
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