Dublin, Nov. 06, 2023 (GLOBE NEWSWIRE) -- The "Global Water and Wastewater Pumps Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global water and wastewater pumps market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 5.22% from 2022 to 2028. This growth is driven by several key trends and opportunities in the industry, as well as the increasing demand for clean water, wastewater management, and the focus on seawater desalination.
Market Trends & Opportunities
- Seawater Desalination: Seawater desalination is becoming a crucial solution for regions facing freshwater scarcity. As demand for freshwater rises, desalination plants are essential for converting seawater into clean water. Pumps play a vital role in this process, facilitating the removal of salt and impurities through methods like reverse osmosis and multi-stage flash distillation.
- Aging Infrastructure: Aging water treatment plants are driving the need for new and advanced pump technologies. Upgrading pump systems in these facilities is essential for optimizing water management, ensuring safe drinking water, and complying with regulations.
Industry Restraints
- High Operational Costs: Pumps are energy-intensive devices, contributing to high electricity bills for water utilities and industries. Maintenance costs and unexpected breakdowns can further increase operational expenses.
Insights by Type
- The demand for centrifugal pumps dominates the market due to their versatility and efficiency.
- Positive displacement pumps are preferred for handling fluids with solids and abrasives.
Insights by Application
- Clean water pumps cater to various applications in pure water systems, with centrifugal pumps being widely used.
- Wastewater pumps are crucial for transporting and treating wastewater, ensuring safe disposal or reuse while protecting the environment.
Insights by Distribution Channel
- The direct distribution channel is expected to dominate the market, allowing consumers to purchase goods directly from manufacturers.
- Some vendors use both direct and indirect sales channels, while others focus exclusively on indirect sales.
Geographical Analysis
- Asia-Pacific (APAC) holds the largest market share, driven by strong economic growth, industrial activities, and infrastructural development.
- Europe and North America also experience market growth, primarily through product innovations.
Competitive Landscape
The global water and wastewater pumps market is highly fragmented, with many key players. Prominent companies include Franklin Electric, Kirloskar Brothers, KSB, Sulzer, Weir, WILO, and Xylem. These companies offer a wide range of products and services to meet customer needs and create value throughout the investment life cycle in flow control management.
KEY QUESTIONS ANSWERED:
1. How big is the water and wastewater pumps market?
2. What is the growth rate of the global water and wastewater pumps market?
3. Which region dominates the global water and wastewater pumps market share?
4. What are the significant trends in the water and wastewater pumps market?
5. Who are the key players in the global water and wastewater pumps market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 335 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $7.76 Billion |
| Forecasted Market Value (USD) by 2028 | $10.53 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
6 Premium Insights
7 Market at a Glance
8 Introduction
9 Market Opportunities & Trends
9.1 Rise in Demand for Water & Wastewater Treatment Plants
9.2 Increased Infrastructure Projects in Developing Economies
9.3 High Demand for Energy-Efficient & Advanced Wastewater Treatment Technologies
9.4 High Focus on Seawater Desalination
9.5 Adoption of Smart Pump Technologies
10 Market Growth Enablers
10.1 High Prevalence of Waterborne Diseases
10.2 Rise in Focus on Water Reuse and Recycling
10.3 Aging Infrastructure of Water Treatment Plants
10.4 Launch of Wastewater Treatment Schemes in Middle East
11 Market Restraints
11.1 Competitive & Fragmented Market Environment
11.2 High Operational Cost
12 Market Landscape
13 Type
14 Application
15 Distribution Channel
16 Geography
17 APAC
18 Europe
19 North America
20 Middle East & Africa
21 Latin America
22 Competitive Landscape
23 Key Company Profiles
24 Other Prominent Vendors
25 Report Summary
26 Quantitative Summary
27 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/l185ub
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