Water Pumps Market in US to Cross $ 9.4 Billion by 2026
According to TechSci Research report, “United States Water Pumps Market, By Type, By Application, Competition Forecast & Opportunities, 2012-2026”, water pumps market in the US is forecast to cross $9.47 billion by 2026. Centrifugal and positive displacement are the two major types of water pumps used in the US. Centrifugal pumps offer better flow rates at low pressures, whereas positive displacement pumps deliver high pressures at low flow rates. Oil & gas, water treatment, pharmaceuticals, power, paints, pulp & paper and cosmetics are the major end users of water pumps in the US. Industries dealing with high viscosity fluids such as paints or slurries prefer positive displacement pumps over centrifugal water pumps, as high pressure is required in such operations. Anticipated growth in water treatment, oil & gas and power sectors is projected to boost demand for water pumps in the US through 2026. Few of the major companies operating in the US water pumps market include Flowserve, Xylem, Sulzer, PSG Dover, ITT, Watson Marlow, Idex and SPX Global.
Oil & gas industry dominated demand for water pumps in the US. The government discovered new shale gas reserves near Texas and commissioned new oil & gas plants in the region. According to US Federal Stats, 7.5 barrel of wastewater was extracted for every barrel of oil as of 2015. Most of the well drilling in the US is done using hydraulic fracturing, which requires water pumps to pump fluids at high pressure and transport wastewater. Further, according to Environmental Information Agency (EIA), there were 7,658 power plants in the US. On account of these factors, power sector is expected to generate increasing demand for water pumps in the US until 2026.
“Excessive exploitation of water resources by increasing population base, rising number of industrial set ups, followed by occasional draughts in some regions of the country have increased water and wastewater prices in the United States. About 30 major cities in the US witnessed a hike in combined water, sewer and storm water prices, particularly due to increased cost of treatment, pumping and new infrastructure, as a part of upgradation of existing water supply lines. As a result, emergence of reclaimed water in the country is propelling demand for water pumps across municipal, residential and commercial applications. Rising number of initiatives and measures to manage depleting water resources in the country by means of promoting water reclamation and reuse projects is projected to propel growth in the US water pumps market in the ensuing years.”, said Mr. Karan Chechi, Research Director at TechSci Research, a research based global management consulting firm.
“United States Water Pumps Market, By Type, By Application, Competition Forecast & Opportunities, 2012-2026” has evaluated the future growth potential of water pumps market in the United States and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in the United States water pumps market.
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