Global Water PumpMarket: Snapshot
By definition, water pumps are usedto increase the pressure of water in order to transfer it from one point toanother. Worldwide, modern water pumps find use to supply water for industrial,agricultural, municipal, and residential uses. In particular, water pumps findextensive use in agriculture to transfer water from a water source, such as adam, river, or bore. The pumped water is transferred through pipes either to astorage facility or a point of use. Water pumps also find use totransfer wastewater in sewage treatment plants.
Functionally, a pump receives powerby an electric motor to convert kinetic energy or rotational energy and turn itinto hydrodynamic energy – for flow of fluid. The pumped then unites with thedrive water to release into the pumping system at a high pressure.
Modern water pumps are available infew types. Broadly, water pumps are categorized into centrifugal pump, rotarypump, reciprocating pump, and others. Centrifugal pumps are widely used fordomestic purposes. Centrifugal pumps function with an impeller, the fluidenters via the rotating impeller and is expelled out via centrifugal forceusing the impeller’s tips. The process thereby increases the velocity andpressure of the fluid and steers it towards the outlet of the pump.Structurally, a positive displacement pump features an extending cavity on thesuction side of the unit and diminishing cavity on the discharge side of theunit.
Water pumps are water controlequipment that use pumping or evaporation to drain water from constructionsites, mine shafts, riverbeds, tunnels, underground metro networks, caisson,and even residential buildings. Water pumps are critical for many of thesesites during rainy season or in flood zones. This is because rain andgroundwater can flood an entire site within few hours, resulting in surfaceerosion, structural damage, downtime, and more.
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Global Water Pump Market: Snapshot
Water pumps are consideredto be one of the oldest and most widespread machines, and they are available ina wide variety of applications. Water pumps are diverse products that areengineered, configured, and are standardized with essential auxiliaryequipment. Newly developed state-of-the-art water pumps offer betterperformance reliability with efficient results. Water pumps can be classifiedby their method of displacement such as positive displacement pumps(reciprocating and rotary) and centrifugal pumps.
Water pumps are utilized in a vastrange of end-user industries such as oil and gas, chemical, waste watertreatment plants, and general industries such as pulp and paper manufacturing,mining, food and beverages, and power generation. Increase in theutilization of water pumps in the oil and gas sector can be attributed to therising demand for energy. New technologies in water pumps enable efficientseparation processes for liquids and gas. Similarly, rise in the number ofwastewater treatment plants is primarily due to the increasing demand fordomestic clean water, industrial water, flood control, and desalinationpurposes.
Demand from General Industry Sector to Present Lucrative Growth Avenues
In terms of pump type, the market forwater pumps is segregated into centrifugal pump, reciprocatingpump, rotary pump and others. Centrifugal pumps dominated the market for waterpumps accounting for more than half of the market share in 2016. Centrifugalpumps are widely used across a vast set of applications and are available indifferent configurations such as axial and mixed flow pumps, single-stagepumps, submersible pumps, multi-stage pumps, and sealless and circular flowpumps to meet the challenges associated with flow control across various enduse industries.
In terms of the key end users ofwater pumps, the global water pump market has been assessed in the report forindustries such as oil and gas and refining, power generation, chemical, waterand wastewater, and general industry. The general industry sector accounted formajority of the market in 2016. The power generation and water and wastewatersectors are projected to expand at significant CAGRs of 5.2% and 5.0%,respectively, between 2017 and 2025. The demand of water pumps from powergeneration sector is expected to gain traction during the forecast periodparticularly due to the increasing investment in power and energy sector inemerging economies. For instance, the Planning Commission of India has plannedfor the capacity addition of about 72,000 MW thermal power plants during the12th FYP, augmenting the demand for water pumps.
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Asia Pacific to Remain Most Promising Regional Market
In terms of regional demand, AsiaPacific was the dominant region accounting for majority of the market share in2016. With a massive rise in infrastructure development activities,particularly in emerging economies such as China, India, and Indonesia, thedemand for water pumps in the region is expected to witness significanttraction during the forecast period. The Asia Pacific region is also poised toregister a promising CAGR of 5.8% during the forecast period. This is attributedto the rapid pace of industrialization in emerging nations such as India andChina. The market in North America is expected to witness steady growth owingto the vast rise in fracturing activities in the region in the past few years.The North America market is expected to expand at a CAGR of 4.5% during theassessment period.
Some of the leading companiesoperating in the largely consolidated global water pump market are Xylem Inc.,Sulzer, Flowserve Corporation, KSB Inc., Danfoss A/S, Wilo SE, Weir Group PLC.,Ebara Corporation, Colfax Corporation, and Alfa Laval.
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Advances in MotorTechnologies Key Driver for Water Pump Market
Water pumps are used in dischargingwater for wide range of applications. They are extensively and commonly used inresidential, civil, construction, and agriculture applications. Sales in thewater pump market have proliferated on the back of growing demand for widerange of pumps to meet varying commercial needs. Some of the key product typescould be self-priming moonset pumps, centrifugal monoblock pumps, openwellsubmersible pumps, borewell water pumps, and pressure boosting pumps. Over theyears, strides in the water pumps market have enabled the development ofproducts that allow easy installation, need minimal maintenance duringlifetime, and are energy efficient. Energy efficiency is perhaps the mostattractive proposition and has been setting the tone of technologicaladvancements in recent years. In this regard, motors play crucial role.Advancements in motors technologies come increasingly use of advancedelectronics and the use of cutting-edge manufacturing technologies. Thesetechnologies are increasingly being adopted to unveil products with betterdesigns and ergonomics. These features are especially useful for end users inthe agriculture industry and residential applications. In recent years,manufacturers have keenly spent on strengthening their existing distributionand expanding them to new geographies.
The still-emerging pandemic and itsfallouts in various parts of the world have changed the macroeconomic dynamicsshaping the business prospects across almost all industries. Countries that arecurrently seeing new waves are hit hard and most. International trade hassuffered so has the sourcing of cheap labor for various manufacturingindustries. Further, a decline in consumer demand across various sectors wereseen in the second half of 2020. Nonetheless, in recent months after numerousvaccines came and inoculation programs kicked off with much fervor, consumersentiment in some industries are witnessing a positive growth. This is one ofthe trends that will shape the future demand and consumption patterns ofvarious markets. The adoption of proactive strategic models will helpcompanies, including in water pumps market, to tap into new revenue potential.
