Water Pump Market Overview:

The Water Pump market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry's top rivals. The research scope covers a complete analysis of the Water Pump Market, as well as the causes for variances in the industry's growth in various places.

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Water Pump Market size was valued at US$ 47.78 Bn. in 2020 and the total revenue is expected to grow at 5.6 % through 2021 to 2027, reaching nearly US$ 69.97 Bn.

Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Drivers:

The agricultural sector is experiencing an increase in demand for water pumps due to growing dependence on groundwater and monsoon irregularities. The country's use of water pumps is anticipated to increase as a result of government initiatives to enhance water supply, sanitation, and infrastructure. Along with numerous government initiatives for strengthening and developing existing structures, there is an increased focus on the development of desalination and wastewater treatment facilities in the nation. Other significant factors that are anticipated to drive demand for water pumps in India during the forecast period include new infrastructure projects.

Segmentation:

The Centrifugal Pump, Positive Displacement Water Pump, and Others segments of the global water pump market are based on pump type. In 2020, the segment for centrifugal pumps had the highest market share, at 52%. In contrast to positive displacement design type water pumps, which are used in hydraulic systems, centrifugal water pumps are frequently used in buildings, wells, fire protection systems, and hot water circulation in industries. When compared to positive displacement pumps, centrifugal pumps have a larger market share in the overall water pump market.

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Key Players: The key players are

• Gardner Denver
• Torishima Pump Mfg. Co.
• General Electric Company
• Weir Group PLC
• Weatherford International Inc
• ITT Inc.
• PROCON Products
• KSB Group
• Kirloskar Brothers Limited
• Sulzer Ltd.
• Atlas Copco
• Baker Hughes Incorporated
• Busch LLC
• ClydeUnion Pumps
• Ebara Corporation

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Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Water Pump market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Water Pump Market: The report also includes a detailed analysis of COVID-19 on the Water Pump market.

Key Questions Answered in the Water Pump Market Report are:

Which sub-segment had the largest share in the Water Pump market?
How is the competitive landscape of the Water Pump market in 2020?
Which are the key drivers impacting the Water Pump market growth?
Which region holds the maximum share in the Water Pump market?
What will be the CAGR of the Water Pump market during the forecast period (2021-2027)?
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