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Kenneth Research has evaluated the current market opportunities in Water Pump Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Water Pump Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Water Pump Market is estimated to reach $67.9 billion by 2024; growing at a CAGR of 5.5% from 2016 to 2024. Water pumps are devices used for hauling water from various water resources. It is used across several applications including industries and household sector. Water pumps are primarily used for continuous supply of water for various industrial and commercial applications including houses, hospitals, gardening, water fountain, and other infrastructures and also ensures sufficient water for agricultural applications. It is also used for the supply and transportation of several forms of liquid depending upon the capacity and material of the pump.
The drivers of the global water pump market include rapid industrialization and urbanization, water shortage is certain parts of the globe, and increased demand for advanced water pumps. However, factors such as high competition due to presence of large unorganized group and availability of low grade products would limit the growth of the market. Furthermore, increasing number of brownfield projects and construction of new water recycling plants could provide several growth opportunities in the coming years.
The water pump market is categorized into technology, end-user and geography. By technology, the market is segmented into centrifugal water pump, and positive displacement water pump. End user is further bifurcated into energy, municipal water and wastewater, oil & gas, chemical, and others.
Based on geography, water pump market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.
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The key market player includes Weir Group PLC, General Electric Company, Weatherford International Inc, Gardner Denver, Inc., Kirloskar Brothers Limited, Torishima Pump Mfg. Co., ITT Inc., PROCON Products, KSB Group, and Sulzer Ltd., among others.
The key takeaways from the report
The report will provide detailed analysis of Water Pump Market with respect to major segments such as technology and end-user
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Water Pump Market has been included in the report. Profile of the key players in the Water Pump Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Water Pump Market
Technology Segments
Centrifugal Water Pump
Positive Displacement Water Pump
End User Segments
Energy
Municipal Water and Wastewater
Oil & Gas
Chemical
Other End-Users
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Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Others
Asia-Pacific
India
China
Japan
South Korea
Others
RoW
South America
Middle East
Africa
About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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