Global Booster Pump Market growing at a CAGR of 4.3% from 2023 to 2030
Category : Machinery and Equipment | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyzes that the booster pump market is predicted to grow at a compound annual growth rate of 4.3% from 2023 to 2030 and is expected to reach USD 3,402.04 million in 2030 which was valued at USD 2,443.59 million in 2022.
The report highlights the Increasing focus on water conservation and wastewater management, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the booster pump market.
Global Booster Pump Market By Overview
The booster pump market is bifurcated into type, power source, end user, and distribution channel. Based on type the market is segmented into single stage and multi stage. In 2022, the multi stage segment dominate in the overall booster pump market. The power source segment is categorized into electric, diesel, gasoline, and others. In 2022, the electric segment accounted for the highest market share in the booster pump market. Based on end user the market is segmented into residential, commercial, industrial, municipal, agriculture, and others. In 2022, the industrial segment dominates the overall booster pump market. The distribution channel segment is categorized into online channel and offline channel. In 2022, the offline channel segment accounted for the highest market share in the booster pump market.
Get Free SampleMarket Dynamics
Driver:
- Increasing focus on water conservation and wastewater management
- High demand for booster pumps for household application
Restraints:
- High operating and maintenance costs are restraining market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Single Stage and Multi Stage |
| By Power Source | Electric, Diesel, Gasoline, and Others |
| By End User | Residential, Commercial, Industrial, Municipal, Agriculture, and Others |
| By Distribution Channel | Online Channel and Offline Channel |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Alfred Karcher SE & Co. KG, Aquatec International, Inc., Dab Pumps S.p.A., Eddy Pump Corporation, and Grudfos which has a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the booster pump market is expected to witness substantial growth in the coming years due to increasing urbanization along with Industrialization in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Alfred Karcher SE & Co. KG
- Aquatec International, Inc.
- Dab Pumps S.p.A.
- Eddy Pump Corporation
- Franklin Electric Co., Inc.
- Grudfos.
- karcher International
- Pentair
- Smith & Loveless Inc.
- Witte Pumps & Technology GmbH
- Zodiac Pool Solutions