Water pump market
Water pumps are one of the most important mechanical devices. Growing urbanisation and industrialisation in the developing countries and the increasing use of water pumps by industry is driving the demand for water pumps globally.
Based on end user applications, water pumps can be categorised as:
Based on technology, the two categories of water pump are:
- Centrifugal
- Positive displacement
Centrifugal water pumps are used widely in buildings, wells, fire protection system and hot water circulation in industry. Positive displacement water pumps are used in hydraulic systems and can be further segmented as; reciprocating, metering, and rotary pumps. Positive displacement water pumps are generally larger than centrifugal pumps of equal-capacity.
Asia Pacific is the largest market for water pumps followed by Europe and North America. Asia Pacific has the highest growth rate in the water pumps market, mainly due to the surge in infrastructure developments in countries such as India and China.
Centrifugal water pumps hold the majority of the market share and this is expected to grow due to increasing demand from industries such as oil and gas and municipalities.
Industrial water pumps had the largest market share in 2013 and this is growing due to increasing industrialisation in Asia Pacific countries where the oil and gas industry are the major end users of water pumps.
The increasing number of water recycling and water waste treatment plants, especially in India and China, is fuelling the water pumps market in Asia pacific. New technologies, such as intelligent pump systems, in the water pump industry have been extending the cost benefits to users.
The water pumps market is consolidating with a number of mergers and acquisitions taking place globally. The acquisition of Finder Pompe SpA by Dover, acquisition of Alaska Pump & Supply Inc. by DXP Enterprises and acquisition of PIMS Group by Xylem, are some of the major acquisitions that took place in 2013. In 2014, Saudi Pump Factory, the largest pump manufacturer in the gulf region sold its 75% stake to Sulzer Ltd.
The major companies operating in water pump market include, General Electric Company, Weatherford International Inc, Weir Group PLC, Torishima Pump Mfg. Co. Ltd., Kirloskar Brothers Limited, Watson-Marlow, Inc., Henan Province Xixia Automobile Water Pump Co. Ltd., Saudi Pump Factory, and Shanghai Kai Quan Pump (Group) Co. Ltd.
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