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NEW YORK , March 3, 2022 /PRNewswire/ -- The pumps market in water and wastewater treatment sector is expected to grow by USD 5.65 billion between 2021 and 2026, progressing at a CAGR of 7.13% during the forecast period. The report identifies Alfa Laval Corporate AB, Atlas Copco AB, Baker Hughes Co., Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., Grundfos Holding AS, Ingersoll Rand Inc., and others as the dominant players in the market. Market vendors will observe huge growth opportunities in APAC owing to high population growth, rapid urbanization, and increased industrialization.
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The market is driven by factors such as growing investments in water and wastewater treatment, the presence of stringent environmental regulations and policies, and the demand for new water resources due to urbanization and safety concerns. In addition, trends such as the rising demand for pump repairing and remanufacturing, integration of pumps with IIoT, and the advent of solar-powered pumps will positively influence the growth of the market during the forecast period. But the volatility in raw material prices might reduce the growth potential in the market.
Pumps Market in Water and Wastewater Treatment Sector by Application: Municipal segment to generate maximum revenue
Pumps Market in Water and Wastewater Treatment Sector by Type: Centrifugal pumps segment to account for maximum sales
Regional Analysis: APAC to hold the largest market share
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Pumps Market In Water And Wastewater Treatment Sector Scope
Accelerate at a CAGR of 7.13%
APAC, North America, Europe, Middle East and Africa, and South America
US, China, Japan, UK, and Germany
Leading companies, competitive strategies, consumer engagement scope
Alfa Laval Corporate AB, Atlas Copco AB, Baker Hughes Co., Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., Grundfos Holding AS, Ingersoll Rand Inc., KSB SE and Co. KGaA, Kubota Corp., Robert Bosch GmbH, Ruhrpumpen Group, Sintech Precision Products Ltd., SPP Pumps Ltd., Sulzer Ltd., TechnipFMC Plc, The Weir Group Plc, Wilo SE, and Xylem Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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