NEW YORK (Oct. 26, 2016)— Market research firm ReportLinker's newly released report called “Global Water Pumps Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011-2025” states the global water pumps market is projected to cross $67 billion by 2025.
The report bases the projection on increasing water scarcity and the growing need to upgrade existing water pump base and replace older pumps.
Although centrifugal pumps dominate demand for water pumps across the globe, demand for positive displacement pumps is projected to grow at a robust pace because of their versatility of application and low maintenance, according to the report. Additionally, Asia-Pacific dominated global demand for water pumps because of growing industrialization in major developing economies.
The report discusses the following aspects related to global water pumps market:
- Global water pumps’ market size, share and forecast
- Segmental analysis: by type (centrifugal pumps and positive displacement pumps), end user (industrial and non-industrial), region (Asia-Pacific, Europe, North America, South America, and Middle East and Africa)
- Changing market trends and emerging opportunities
- Competitive landscape and strategic recommendations
Rapid industrialization and urbanization in developing countries is propelling demand for water pumps across various end user segments, according to the report. Moreover, increasing installation of water recycling and water and wastewater treatment systems, especially in China and India, for desalination and cleaning wastewater generated by municipalities and other industries are projected to boost demand for water pumps. Oil and gas, chemicals, food and beverage, and pharmaceuticals are the other major demand generators for water pumps across the globe.
Find the full report at this link.