Menu ×

ENERGY & POWER

Horizontal Multistage Pumps Market Segmentation by Application (Municipal Water Supply, Irrigation, General Industrial Services, Water Treatment, and Others); by Material (Cast Iron, Stainless Steel, and Others); and by End-User (Industrial, Residential, Commercial, and Others) – Global Demand Analysis & Opportunity Outlook 2030

  • Text Size:

Extensive insights into the Growth of Horizontal Multistage Pumps Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

IN THE NEWS

  • October, 2021: Xylem, the global water technology company to join hands with Pep Guardiola to address water scarcity, by enabling their customers to optimize water and resource management.

  • September, 2021: Grundfos, a global leader in advanced pump solutions and water technologies, announced the complete acquisition of Mechanical Equipment Company, Inc. (MECO), to strengthen its position in the global water treatment market.

Global Horizontal Multistage Pumps Market Highlights over 2022 – 2030

The global horizontal multistage pumps market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand for compact pumps amongst residential and commercial end-users. Horizontal multistage pumps are ideal for use as a part of larger pumps to improve efficiency and reduce operational cost. Moreover, multistage pumps are cheaper, require lesser maintenance, and have longer life. Such advantageous features of horizontal multistage pumps are estimated to drive the market growth. Furthermore, the growing government awareness regarding the treatment of waste water is estimated to boost the market growth, as horizontal multistage pumps are perfect for water treatment plants. According to a report by UN Water, 80% of wastewater is released to the environment without adequate treatment, and 1.8 billion people use surface water for drinking which can be contaminated. The various government initiatives to resolve water scarcity issues, is further estimated to fuel the market development. Along with this, the growing application of horizontal multistage pumps in water treatment plants, and sewage transportation, is anticipated to boost the market growth. Furthermore, the demand for high-performance, small, and energy-efficient multistage pumps is rising in agriculture sector as well, which is expected to generate growth opportunities for the market.

Horizontal Multistage Pumps Market Graph

The market is segmented by application into municipal water supply, irrigation, general industrial services, water treatment, and others, out of which, the municipal water supply segment is anticipated to hold the notable share in the global horizontal multistage pumps market over the forecast period. The growing need to horizontally pump water through pipes is estimated to boost the segment growth. Moreover, water supply is an essential service, which cannot be overlooked, leading to a high demand for various substitute pumps in case of emergencies, which is projected to encourage the segment growth.CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption Graph

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Horizontal Multistage Pumps Market Regional Synopsis

On the basis of geographical analysis, the global horizontal multistage pumps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing demand for water pumps for irrigation, waste water treatment, and other applications. The high population in the APAC region is estimated to play a crucial role in the growth of the market. Moreover, the growing water scarcity in the region, is further estimated to boost the market growth. According to the data by the UNESCO, two-thirds of the global population live under water scarcity for at least one month per year, out of which, about 50% of these people live in China and India. The market in the Middle East and Africa region is anticipated to gain a modest market share throughout the forecast period owing to the shortage of water in majority parts in the region.

Horizontal Multistage Pumps Market Share Graph

The global horizontal multistage pumps market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global horizontal multistage pumps market includes the following segments:

By Application

  • Municipal Water Supply
  • Irrigation
  • General Industrial Services
  • Water Treatment 
  • Others

By Material

  • Cast Iron
  • Stainless Steel
  • Others

By End-User

  • Industrial
  • Residential
  • Commercial
  • Others

Growth Drivers

  • Increasing Application in Waste Water Treatment
  • Rising Demand for Water Globally

Challenges

  • Growing Circulation of Generic Pumps in the Market
  • Requirement of High Initial Investment

Top Featured Companies Dominating the Market

  • KSB SE & Co. KGaA
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Xylem
  • Sulzer Ltd.
  • Flowserve Corporation
  • Grundfos Holding A/S
  • The Weir Group PLC
  • Baker Hughes Company
  • HCP Pump Manufacturer Co., Ltd.
  • CNP India Private Limited
  • VANSAN Water Technologies

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved