Research and Markets has announced the addition of the “Global Water Pumps Market By Type (Centrifugal and Positive Displacement Pumps), By End User (Industrial and Non Industrial), By Region (Asia-Pacific, Europe, North America, South America, etc.), Competition Forecast and Opportunities, 2011-2025” report to their offering.
“Global Water Pumps Market is projected to cross US$ 67 billion by 2025, on account of increasing water scarcity, and growing need to upgrade existing water pump base and replace older pumps.
Although centrifugal pumps dominate demand for water pumps across the globe, demand for positive displacement pumps is projected to grow at a robust pace, on account of their versatility of application and low maintenance. Additionally, Asia-Pacific dominated global demand for water pumps, due to growing industrialization in major developing economies.
Water pumps are used to provide continuous water supply in hospitals, residential, commercial and industrial facilities, and others modern infrastructure. Moreover, increasing installation of water recycling and water & wastewater treatment systems, especially in China and India, for desalination and cleaning wastewater generated by municipalities and other industries is projected to boost demand for water pumps. Oil & gas, chemicals, food & beverage and pharmaceuticals are the other major demand generators for water pumps across the globe.
Some of the leading players operating in global water pumps market include GRUNDFOS Holding, Flowserve, Sulzer, Xylem, Torishima Pump and Kirloskar Brothers, etc.,