Sarasota, FL -- (SBWIRE) -- 10/19/2016 -- Water pumps are usually used for the purpose of supplying water to various sectors such as industrial, agriculture, houses, commercial structures, hospitals, and others. In day-to-day life, enough supply of water is provided for the household purpose. Water pumps draw and transport water from storage tank to different sections and rooms of the house. Different sections of the industrial structure are using water pumps to draw water from the storage facility and transport it to the needed areas such as production units.
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Machines have made life very easy and simple. Carrying water from one place to another is no more a manual work. Machines do this work better and faster. The most commonly used types of water pumps are submersible pumps and jet pumps.
Owing to urbanization, industrialization, fast-paced life, and demand–supply cycle, various sectors such as industries, houses, healthcare facility, and city-safety infrastructures are constantly demanding increased water supply. Not only cities need more water supply, but also villages where agriculture is a source of income, the demand for water is more. However, few factors, such as poor farmers in the developing countries looking for cost-effective methods prefer to buy low-priced water pumps instead of reputed brands, are hampering the growth of the global water pumps market.
On the basis of end-user applications, the global water pumps market is segmented as industrial water pump, agricultural water pump, municipal water pump, and domestic water pump. Based on the technology, the global market is segmented as centrifugal water pumps and positive displacement design pumps. The centrifugal water pumps segment is further sub-segmented as metering pumps, reciprocating pumps, and rotary pumps.
Asia Pacific is anticipated to be the biggest market for water pumps. This trend is followed by Europe and North America. Asia Pacific is expected to be the leading market mainly owing to the growth in infrastructural developments in developing countries such as India and China. These countries are demanding more owing to the growing water recycling and water waste treatment plants. Moreover, new trends of acquisition are reducing the industry rivalry in the global water pumps market.
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Some of the major players dominating the global water pumps market are General Electric Company, Weir Group PLC, Kirloskar Brothers Limited, Henan Province Xixia Automobile Water Pump Co. Ltd., Watson-Marlow, Inc. Othe major players influencing the global market are Weatherford International Inc., Saudi Pump Factory, Shanghai Kai Quan Pump (Group) Co. Ltd., and Torishima Pump Mfg. Co. Ltd.
Water Pumps Market: Regional Segment Analysis
Middle East and Africa
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