Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 2.53 Billion | USD 3.76 Billion | CAGR at 4.62% | 2023 |
The Zion Market Research report projects that by the end of 2032, the global market for commercial booster pumps will have grown to USD 3.76 billion from its 2023 valuation of USD 2.53 billion. The market is expected to grow with a CAGR of 4.62% during the forecast period.
This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Commercial Booster Pumps Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Commercial Booster Pumps Market market.
A booster pump is a high-pressure water pump with an impeller fitted inside to improve the water pressure and flow. Booster pumps consist of an impeller, inlet, outlet, motor, and pressure monitoring system device. An impeller further pushes water to the outlet by flushing it through the inlet pipe. It aids in building water pressure. It gives an extra boost to push the water with high pressure from the faucet or the showerhead, both for commercial and domestic purposes.
The booster pump differs in its water sucking capabilities. It can even be used to re-pressurize water from the provided storage tank.
A booster pump can either be single-stage or multi-stage to perform various functionalities, like a control unit to start and stop the pump.
The control unit of the booster pump regulates the flow of liquid pressure and keeps it flowing throughout the process. If there is low pressure, the pressure sensor sends the signal to the control unit to increase the flow. Booster pumps can be classified into single-stage and multi-stage. A single-stage has a major usage in residential, commercial, private homes, or any spaces that are far away from the municipality corporations.
A multi-booster pump has major usages in the hilly area for various applications like commercial, residential, and agriculture. These pumps are also installed in the skyscrapers due to enhanced capabilities.
The foremost factor that is driving global commercial booster pump market growth is the fast growing world population. The increasing population density in every part of the world, like hills, planes, or deserts, is raising the demand for consistent water supply throughout the day.
Moreover, the growing demand for energy-efficient water pumps is further propelling the global commercial booster pumps market to grow and develop significantly during the forecast period.
The various factors that are inducing the global commercial booster pump market to grow are poor water supply facilities from local municipal corporations, the surge in the extraction of water from a single source, and the emergence of technology integrated with highly advanced solutions in the market.
Growing industrialization and urbanization have anticipated the global commercial booster pumps market to flourish during the forecast period. The rapid industrialization has created a demand for advanced and multipurpose water pumps that offer intelligent pumping solutions, which further has created lucrative growth opportunities for the key players to penetrate the market and generate huge revenue.
The global commercial booster pumps market can be segmented into end-use, pump type, operating pressure, sales channel, and region.
By end-use, the market can be segmented into the industrial process, engineering & fire control, agriculture & irrigation, commercial buildings, district cooling & heating, groundwater & rainwater harvesting, and municipal water & wastewater management. Municipal water & wastewater management has hegemony over others in the global commercial booster pumps market.
By pump type, the market can be segmented into multi-stage, dual-stage, and single-stage. The multi-stage pump type is dominating the market due to the presence of multiple impellers in the pumps that cover high-pressure ranges.
By operating pressure, the market can be segmented into more than 50 bars, 25 - 50 bar, 20 - 25 bar, 10 - 20 bar, 5 - 10 bar, 1 - 5 bar, and 0.5 - 1 bar. The 25–50 bar is preferred over others.
By the sales channel, the market can be segmented into offline and online. The offline sales channel holds the largest market share due to the interest and preference of people to personally inspect the product before buying it.
Report Attributes | Report Details |
---|---|
Report Name | Commercial Booster Pumps Market Research Report |
Market Size in 2023 | USD 2.53 Billion |
Market Forecast in 2032 | USD 3.76 Billion |
Growth Rate | CAGR of 4.62% |
Number of Pages | 201 |
Key Companies Covered | WILO SE, Sulzer Ltd., Bossche Pump Group, Mazzoni SRL, Zoeller Company, CAT Pumps, Gorman Rupp Pump Company, Flowserve Corporation, KSB SE & Co. KGaA, and Xylem Inc. |
Segments Covered | By Pump Type, By Operating Pressure, By End-Use, By Sales Channel, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
East Asia is the leading region in the global commercial booster pumps market owing to the rapid urbanization and industrialization in regions like China and South Korea.
Europe is emerging as a potential region for lucrative growth opportunities during the forecast period due to the presence of major key players in the region.
North America is likely to witness significant growth rates during the forecast period owing to the growing demands that compelled manufacturers to fasten their manufacturing and sales process.
Some of the significant players in the global commercial booster pump market are
By end-use
By pump type
By operating pressure
By the sales channel
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