Water Booster Pump Market Highlights On Future Development 2028

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According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Water Booster Pump Market (Product Type: Single Stage and Multiple Stage; Power Rating: 0-1.0 Hp, 1.1-5.0 Hp, 5.1-10.0 Hp, and Above 10.1 Hp; Application: Agriculture, Residential, Commercial, and Industrial [Manufacturing, Automotive, Water & Wastewater, Food & Beverages, and Others]; and Distribution Channel: Online [Company-owned Website and Third Party Website] and Offline [Retailers, and Wholesalers & Distributors]) – Global Industry Dynamics, Trends, and Forecast, 2020–2027,’ the global water booster pump market is expected to reach US$ 6 Bn by 2027 and expand at a CAGR of 6.5% from 2020 to 2027.

The increasing enactment of modern techniques of irrigation in developing countries, the approach of big data in agricultural farms, and the increase in government assistance toward the selection of modern agricultural equipment are some of the factors driving the growth of the Agriculture sector in the Water Booster Pump market. Agriculture sector estimates for a major share in the global water booster pump market. The market was valued at US$ 1,142.0 Mn in 2018 and is expected to expand at a CAGR of ~6% from 2019 to 2027. The rise in approach towards the development of wastewater treatment plants and desalination plants in the developing countries coupled with various government initiatives for encouraging and developing existing and new infrastructure projects are some of the other major factors that are expected to drive the demand for agricultural water pumps globally during the forecast period. However, the development of pumps in fragmented landholdings and high maintenance costs are some of the factors hindering the growth of this market.

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Factors such as increasing land being brought under irrigation, rising adoption of modern agricultural practices in developing countries, government support in the adoption of new agricultural equipment and technology, increased rate of mechanization, and the advent of big data in agricultural farms are some of the factors that are driving the growth of the market. The agricultural pumps market has been segmented into irrigation and livestock watering. With the increasing population and the following rise in demand for food, there has been an increase in the land area being brought under irrigation. It created a complementary demand pattern for the sector. The agricultural sector withdraws the most water across the world for its uses in irrigation purposes. The agricultural sector is changing rapidly and this is fueling the demand for water booster pumps globally.

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The Agriculture sector market is fragmented due to the presence of several players. Competition is demanded to intensify shortly with the entry of several local players. Key companies profiled in the research report include Aquatec International, Inc., Dab Pumps Spa, KSB Pumps Limited, Franklin Electric Co., Inc., Grundfos, Xylem Inc., Kärcher International, SyncroFlo Inc., Wilo SE, and Pentair Plc.

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