According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Water Booster Pump Market (Product Type: Single Stage and Multiple Stage; Power Rating: 0-1.0 Hp, 1.1-5.0 Hp, 5.1-10.0 Hp, and Above 10.1 Hp; Application: Agriculture, Residential, Commercial, and Industrial [Manufacturing, Automotive, Water & Wastewater, Food & Beverages, and Others]; and Distribution Channel: Online [Company-owned Website and Third Party Website] and Offline [Retailers, and Wholesalers & Distributors]) – Global Industry Dynamics, Trends, and Forecast, 2020–2027,’ the global water booster pump market is expected to reach US$ 6 Bn by 2027 and expand at a CAGR of 6.5% from 2020 to 2027.
As per the published report, a major contributor to the Water Booster Pump market’s growth opportunity exists in the industry’s continued advancement in single-stage centrifugal pumps with more efficient technology. As new technologies continue to enter the market, the power generation industry needs to have the latest equipment in order to be more efficient. Single-stage centrifugal pumps are the most popular pump for fluid transfer in high flow rate, low-pressure installations. The market was valued at US$ 2,243.6 Mn in 2018 and is anticipated to increase at a CAGR of ~6% from 2019 to 2027. As a single-stage, water booster pumps are cheap as compared to multiple stage booster pumps and widely preferred in the agriculture and residential sector, current and future advances in this section are expected to grow in the coming years. Moreover, compact and small single-stage pumps are easier to transport, making it a favored choice for the consumers. The choice of pumps is induced by pump location, the need for pump-and-roll capability, and the special pump performance requirements. These kinds of pumps are used widely in gardening at homes, swimming pools, and more.
In terms of region, Europe is expected to hold a major market share of the global Single-stage pump market, followed by North America and the Asia Pacific. In the Asia Pacific region, China holds the largest market for Single-stage pumps in the Asia Pacific followed by Japan in 2018. The Middle East and African countries are majorly driven toward Single-stage pumps due to rising scarcity of water; and therefore, customers are considered to buy these products due to its cheap cost and high quality. The report shows that in the North America market is expected to grow at a steady rate during the forecast period. Also, the U.S. is the largest and most attractive Single-stage pump market with high penetration of Water Booster Pumps. The report identifies and compares segments’ attractiveness based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America. The same has also been provided for each segmentation category, i.e., product type, power rating, application, distribution channel, and region in the scope of the study. The report also covers a region-wise share analysis of the Water Booster Pump Market.
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The Single-stage pump market is fragmented due to the presence of several players. Competition is demanded to intensify shortly with the entry of several local players. Key companies profiled in the research report include Aquatec International, Inc., Dab Pumps Spa, KSB Pumps Limited, Franklin Electric Co., Inc., Grundfos, Xylem Inc., Kärcher International, SyncroFlo Inc., Wilo SE, and Pentair Plc.
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