Pune, April 11, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Automotive and Transportation market research firm has published a competitive intelligence market research report on the “Booster Pump Market”. The Booster Pump Market size was valued at USD 2.45 Bn in 2021. The total Booster Pump Market revenue is expected to grow at a CAGR of 4.8 percent from 2022 to 2029, reaching USD 3.56 Bn during the forecast period.
| Market Size in 2021 | USD 2.45 Bn |
| Market Size in 2029 | USD 3.56 Bn |
| CAGR | 4.8 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 278 |
| No. of Tables | 129 |
| No. of Charts and Figures | 121 |
| Segment Covered | By Type, Application Sales Type |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Booster Pump Market Scope and Research Methodology
The Booster Pump Market research report covers technology, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry. The report includes drivers, opportunities and restraints affecting the global market. It covers the impact of these drivers, trends and restraints on the demand of the market during the forecast period. The report also highlights opportunities in the market at the global level.
Regional analysis of the Booster Pump Market is conducted at the country, regional and global levels. The report covers the Booster Pump Market strategies followed by major players with their strategies and investment plans. The primary and secondary research method was used to collect the data from Booster Pump Market. Key players are identified through secondary research. Secondary research was used to collect information for the extensive, market-oriented, and commercial analysis of the Market.
Booster Pump Market Overview
A booster pump helps in increasing the pressure and volume of water that flows from various sources. Low-pressure water makes simple actions like bathing, brushing, and so on more difficult, but a booster pump may make these tasks simple and quick. A booster pump increases the pressure of the water and increases the flow rate. The booster pump contains spinning blades that accelerate air circulation. It also includes an impeller inside that increases water flow and pressure for the target location.
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Booster Pump Market Dynamics
Growing technology advancements in booster pumps are driving the booster pump market growth. Increasing industrialisation in developing countries is expected to improve global market growth rates over the forecast period. The increasing population also creates a need for water pressure during the forecast period, which increases the market's growth rate. Rural development and increasing urbanization are boosting economies and generating prospects for residential booster pumps. Research and development and increasing investment are also expected to drive the market during the forecast period.
Asia-Pacific region is expected to fuel the Booster Pump Market growth
Asia-Pacific region is expected to dominate to regional Booster Pump Market during the forecast period. This is due to the increased demand for residential booster pumps in this region. The Asia-Pacific region leads the domestic booster pump market, with China leading the way in the growth of residential building complex development due to the country's massive population strength and on-going demand for irrigation in the fields due to restricted land availability.
North America is expected to be the fastest growing region throughout the forecast period due to increasing buildings and complexes, which would strengthen the market in this region.
Booster Pump Market Segmentation
By Type:
- Single Stage
- Multi-Stage
Based on Type, the Single-stage is expected to dominate the Booster Pump Market during the forecast period. Single-stage booster pumps are widely applied in residences or other residential or commercial facilities that are far from the regional municipal water supply. Moreover, single-stage pumps are used in regions that have low water pressure.
By Application:
-
- Household
- Agriculture
- Water and Wastewater
- Industrial
- Other Ultra
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Based on Application, the Industrial segment is expected to dominate the Booster Pump Market. Increasing investments in building and construction, as well as water shortages and low pressure water pipelines and networks, are resulting in a growing need to boost water pressure in various sectors such as industries, public buildings, and hospitals, and this segment's revenue growth is expected to continue over the forecast period.
By Sales Type:
- New Sales
- Aftermarket
Booster Pump Market Key Players Include:
-
- Xylem, Inc
- Pentair PLC
- Franklin Electric Co., Inc
- Witte Pumps & Technology GmbH (Dover Corporation)
- Alfred Karcher SE & Co. KG
- Aquatec International, Inc
- Dab Pumps S.p.A
- Smith & Loveless, Inc
- Eddy Pump Corporation
- Alfred Kärcher SE & Co. KG,
- Aquatec International Inc.
- Dab Pumps Spa
- Davey Water
- Franklin Electric
- Pentair
- Smith & Loveless
- Witte Pumps & Technology GmbH
- Xylem
- Zodiac Pool Systems LLC
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Key questions answered in the Booster Pump Market are:
- What is Booster Pump?
- What was the Booster Pump Market size in 2021?
- What is the expected Booster Pump Market size by 2029?
- What is the growth rate of the Booster Pump Market?
- Which are the factors expected to drive the Booster Pump Market growth?
- Which factors are expected to restrain the Booster Pump Market growth?
- Which segment dominated the Booster Pump Market growth?
- What is the demand pattern for the Booster Pump Market?
- Which region held the largest share in the Booster Pump Market?
- Who are the key players in the Booster Pump Market?
Key Offerings:
- Past Market Size and Market Competitiveness (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Challenges and Key Trends by region
- Market Segmentation – A detailed analysis by Type, Application and Sales Type
- Type Competitive Landscape –A detailed scenario of the competitive environment in the global market
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region based on product Portfolio, End-Users, Revenues, Manufacturing Locations, etc.
- Market Consolidations – Mergers, Acquisitions, Joint Ventures, Partnerships.
- Company Profiles – Business Overview, Financial Overview, Business Strategy, SWOT Analysis, Recent Development.
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Key Takeaways
- Industry Recommendations
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
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Automotive Oil Pump Market: Automotive Oil Pump Market size was valued at USD 1.02 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 3 percent through 2022 to 2029, reaching USD 1.30 Bn. Growth in e-commerce industry will increase in a number of the commercial fleet drive the market.
Axial Flow Pump Market: The Axial Flow Pump Market size was valued at USD 34.59 Bn. in 2021 and the total revenue is expected to grow by 3.6 percent from 2022 to 2029, reaching USD 45.90 Bn by 2029. Rising investments by key players, the rise in the water and wastewater treatment industry drive the market globally.
About Maximize Market Research:
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