Water Pump Market Size, Trends, Scope and Competitive Landscape Outlook to 2015-2021
Zion Market Research has published a new market research report analyzing the latest trends and developments in the global Water Pump Market, titled “Water Pump Market: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”.
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Centrifugal pumps are widely used in buildings, wells, hot water circulation systems, and fire protection systems in various industries. Positive displacement pumps are used in various industries such as pharmaceutical, pulp and paper, food and beverage, chemical, and waste water treatment.
Asia Pacific accounted for the highest market share of the water pump market and is anticipated to witness the highest growth in the near future. Europe and North America dominate the global market trailing Asia Pacific in terms of growth. Infrastructural development in the developing economies of Asia-Pacific such as India and China is boosting the market for water pumps. In addition, increasing construction and waste water treatment in India and China also impact the water pump market in a positive way. Conversely, poor financial conditions of farmers who prefer spending on indigenous water pumps rather than pumps of global brand emerges as the key restraining factor hindering the growth of the global water pump market.
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Major players of the water pump market includeSaudi Pump Factory, Flowserve Co., Sulzer Ltd.,Watson Marlow Inc., Torishima PumpMfg. Co. Ltd., Henan Province Xixia Automobile Water Pump Co. Ltd., and Gardner Denver. Other key players who dominate the market are Ebara Co., Kirloskar Brothers Ltd., ITT Co., The Weir Group PLC, Shaghai Kai Quan Pump Co. Ltd., and KSB Aktiengesellschaft.
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