Future of Executive Summary Water and Wastewater Pumps Market: Key Dynamics, Size & Share Analysis
The Global Water & Wastewater Pumps Market size is valued at USD 10.2 billion in 2023 & is estimated to reach USD 14.1 billion by 2030. Along with this, the market is projected to grow at a CAGR of around 4.77% during the forecast period, i.e., 2024-30. The industry growth imputes to the growing clean water demand, technological advancement, widening oil & gas industry, and rapid urbanization globally. According to the United Nations Environment Program (UNEP) 2023, around 6 billion consumers would face water scarcity by 2050 due to climate change, pollution, and increasingly unsustainable consumption & production.
Top Market Challenges Impacting the Water and Wastewater Pumps Market Growth
Fluctuations in Raw Material Price – In recent years, there have been instabilities in the prices of raw materials, such as metals, plastics, and electronic components used in pump manufacturing. The alteration in prices directly, negatively impacts the overall cost of pumps, making them inaccessible to the end-users with financial constraints. Additionally, the spike in prices of steel due to the destruction of steel production facilities in Ukraine and soaring energy costs have led to widespread plant idling and production stoppages, especially in Europe. This collapse in steel production makes it challenging for pump manufacturers to maintain stable pricing & profitability.
Understanding the Core Segments in the Water and Wastewater Pumps Market
Water and Wastewater Pumps Market Size, Share & Industry Trends Analysis- By Pump Type (Centrifugal [End Suction, Split Case, Vertical], Submersible Pump, Positive Displacement [Progressing Cavity, Diaphragm, Gear Pump, Others]), By End User (Industrial Water & Wastewater, Municipal Water & Wastewater) and others
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Geographical Analysis of the Water and Wastewater Pumps Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Asia-Pacific region would capture the largest share of the Water and Wastewater Pump Market in the upcoming years. This is attributed to the growing adoption of decentralized wastewater treatment systems, rising public-private partnerships (PPS), and increasing industrialization within the region.
Who Dominates the Water and Wastewater Pumps Market Insights on Key Industry Players?
Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Flowserve Corporation
- Pentair PLC
- Sulzer Limited
- Kirloskar Brothers Limited (KBL)
- Grundfos
- Xylem Inc
- KSB Group
- Wilo
- Ebara Corporation
- Franklin Electric
- Armstrong Fluid Technologies
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