Global Water Pumps Market to Cruise at a CAGR of 4% during 2020-25

DELTA, British Columbia - May 19, 2020 - PRLog -- The growing demand for water pumps is attributed to the rising construction sector and growing urbanization. The Global water pumps market is projected to grow on account of rising demand for energy efficient pumps across oil & gas, food & beverage, water & waste water treatment sectors. Moreover, the increasing urban population with rise in residential and commercial establishments have further added to the growing demand for water pumps globally.

According to MarkNtel Advisors'research report"Global Water Pumps Market Analysis, 2020",the water pumps market is anticipated to register a CAGR of around 4% during 2020-25. The centrifugal pumps grabbed the highest market share in the global water pumps market in 2019. The maximum market share is attributed to the growing utilization of centrifugal pumps in industrial and non-industrial sectors due to its ability to tolerate high load at varied pressures. Moreover, the centrifugal pumps have simple design specification, which makes them highly efficient and easier to install and maintain.

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According to MarkNtel Advisors,the key players capturing a significant market share in the Global water pumps market include Flowserve Corporation, Pentair, Sulzer Limited, Kirloskar Brothers Limited, Grundfos, Xylem, KSB Group, etc. The companies are introducing new product range to expand their business in the market. In 2018, Sulzer launched new CPE end-suction single-stage centrifugal pump. The new CPE pumps meet the process requirements in a variety of industrial applications.

Global Water Pumps Market Analysis, 2020"provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decision, hotspots and opportunities available for water pumps firms across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings

Key questions answered in the study

• What are the current and future market trends of the Globalwater pumps market?
• How the industry has been evolving in terms of end-user demand and application areas?
• What are the future plans and customer expectations of end-users across the globe?
• How the competition has been shaping across the countries followed by their comparative factorial indexing?
• What are the key growth drivers and challenges for the Global water pumps market?
• What are the customer orientation, purchase behavior, and expectations from the water pumps companies across various regions?

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