The factors driving the growth of the global market include growing construction industry, increasing disposable income, growing water scarcity, rapid industrialization in developing economies, and increasing level of urbanization. By technology, the centrifugal water pump segment accounted for larger share in the total market in 2015, and it is expected to grow at a CAGR of 4.8% during the period 2016 - 2022. Water scarcity is one of the major factors driving the demand for water pumps, as governments around the world are directing industries to recycle and reuse water. In 2011, in its Twelfth Five Year Plan, the Chinese government allocated $60 billion for the urban wastewater system in the country.
Explore Full Report at:https://www.psmarketresearch.com/market-analysis/water-pump-market
In 2015, Asia-Pacific held the largest share in the global water pump market with 42.9% share. The surging level of urbanization, rapid industrialization and increasing disposable income are some of the major driving forces for the Asia-Pacific water pump market, particularly in countries such as India and China. China is the largest market for water pumps in the region; however, India is expected to witness highest growth in the near future. The impact of massive industrialization in developing countries on the water pumps market is anticipated to remain high during the next few years. This is due to increase in demand for water pumps from industries such as oil & gas, chemical, and energy in these countries.
Request for Sample Pages: https://www.psmarketresearch.com/market-analysis/water-pump-market/report-sample
Between the two technologies, the centrifugal water pump segment accounted for larger share in the global market in 2015.
Some of the major players operating in the global water pump market include Flowserve Corporation, Ebara Corporation, Sulzer Ltd., Grundfos Holding A/S, Kirloskar Brothers Limited, KSB Aktiengesellschaft, Gardner Denver Inc., ITT Corporation, Torishima Pump Mfg. Co., and The Weir Group PLC.
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
Deep
Assistant – Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
