Press Release

Global Water Pump Market Projected to Reach USD 58.18 Billion Worth by 2030

The Global Water Pump Market size was valued at around USD 47.40 billion in 2024 and is projected to reach USD 58.18 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.72% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. Globally, towns are expanding, and rural populations migrate to metropolitan regions, due to which there is a greater demand for water supply and management, specifically in Asia-Pacific, the Middle East, and Africa. This increasing urban populace in major cities is highlighting the need for efficient water control systems, which would directly augment the demand for water pumps.

Moreover, worldwide electricity demand is projected to boom due to population growth, urbanization, and industrialization. Owing to this, countries like India, the US, etc., are commissioning new electricity generation plants to ensure a dependable electricity supply. This expansion in power generation infrastructure would augment the demand for water pumps, which are critical for cooling and operational processes. Along with this, there is a growing focus among countries throughout the globe on adopting renewable energy sources to decrease carbon emissions.  This shift would further catalyze the demand for water solutions, enhancing the efficiency of the new power infrastructure, which is poised to enhance the market size during the forecast period, further states the research report, “Global Water Pump Market, 2025.”

Global Water Pump Market Segmentation Analysis

Centrifugal Pumps to Register Substantial Growth Rate

Based on type, the market is further bifurcated into Centrifugal Pumps, and Positive Displacement Pumps. Centrifugal pumps are high-speed pumps that generate fluid shearing. Centrifugal pumps segment to register a substantial market share in the water pump industry in the coming years. The positive properties of these specific types of pumps make them ideal for transporting materials with low viscosity. The centrifugal pump market is significant globally due to its substantial use in the irrigation sector, fluid transportation in manufacturing units and factories, water supply in residential and commercial spaces, and firefighting vehicles, among others. The expanded scope of use by a large number of end users for water and fluid transportation has provided centrifugal pumps with multiple growth opportunities in the Global Water Pump Market.

So, the size and volume of the centrifugal pump segment are showing an increasing trend in the market, and all these benefits associated with the use of centrifugal pumps in diversified industries are paving the way for a substantial growth rate of this specific segment in the coming years as well.

Asia Pacific Region Leads the Water Pump Industry

The Asia-Pacific region has the highest share of the Global Water Pump Market and is in all likelihood to preserve its dominance during the forecast period as well. This boom is being driven by big agricultural expansion and the growth of end-user sectors, which include water and wastewater treatment, in addition to food and drinks, which are boosting regional demand for water pumps.

Furthermore, different countries in the Asia-Pacific are seeking to lessen the consequences of pollution, and as a result, demand for clean energy is growing to decarbonize numerous industrial sectors consisting of fertilizers, power technology, and oil and gas. Moreover, to lessen dependency on fossil fuels for power, nations within the Asia-Pacific are making massive investments in renewable power initiatives. For example, Southeast Asian nations are focused on renewable energy, which will account for approximately 23% of their total primary energy by 2025. This initiative is geared toward enhancing energy security and sustainability and is expected to make substantial contributions to market growth in the Asia-Pacific region in the coming years because water pumps are a critical part of the renewable energy production process.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Flowserve Corporation, Pentair PLC, Sulzer Limited, Kirloskar Brothers Limited (KBL), Grundfos, Xylem Inc., KSB Group, Wilo, ITT Inc., Torishima Pump MFG. Co. Ltd., and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?