The market for commercial booster pumps is currently valued at US$ 5,809 million and is expected to grow to US$ US$ 12,084.3 million by the end of 2033. Commercial booster pump shipments are anticipated to grow at an estimated 7.6% CAGR from 2023 to 2033.
According to the analysis, the market would be worth US $4.7 billion in 2020. In addition, a CAGR of 7.8% is anticipated between 2020 and 2030. Smart monitoring and controlling, together with the increased need for corrosion-resistant pumps, are opening up enticing opportunities for the market’s expansion.
The research provides a thorough market analysis and provides information on the prevailing dynamics. The following highlights some of the report’s most important conclusions.
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Key Takeaways from the global commercial booster pumps market study:
- Commercial booster pumps are dominating traditional pumping systems owing to their features of live monitoring and controlling, easy installation, and vibration-free operations.
- Customized booster pumps having increased efficiency are attracting end-use industries such as aerospace, mining, and food processing
- Both East Asia and Europe have emerged as lucrative markets for commercial booster pumps. In South Asia, the market will witness high demand from countries such as India and Thailand owing to the increasing investments made by the governments towards the development of water infrastructure
- Growing applications in end-use industries has created a significant demand for customized booster pumps as per the specific use in the industry. Fewer moving parts, and no valves or seals are some of the customizations preferred across industries
“The increasing demand for water has led to a positive development in different water technologies which have made the commercial booster pumps industry competitive. Consumers are also looking for corrosion and chemical-resistant pumps for application across various end-use industries. Hence, booster pumps are gaining traction across various end use industries and are creating positive prospects for the market growth.” says FMI analyst.
Covid-19 impact analysis:
The ongoing pandemic has put a dent in the global economy causing many economic activities to come to a halt. This has also caused a significant plunge in the commercial booster pump market growth. Many challenges are encountered in the areas of the supply chain, communication, imports and exports, tariffs, and currency fluctuations.
These challenges have created an unstable economic environment and a negative impact on the growth of the booster commercial pumps market. However, as economic activities are slowly resuming, the commercial booster pump market is also expected to witness a sharp recovery.
Commercial booster pumps market competitive landscape:
Prominent Players in the market are:
- Grundfos
- Xylem Inc.
- KSB AG
- Flowserve Corporation
- Sulzer Ltd.
- WILO SE
- Gorman Rupp Pump Company
- ANDTRIZ Group
- Danfoss
- Pentair Plc.
- Peerless Pump Company
- CAT Pumps
- ETEC
- Zoeller Company
- Franklin Electric
- Luckpump Machiner Co. Ltd.
- LEO Group
- Mazzoni SRL
- Vossche
- Torishima Pump Mfg. Co. Ltd
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Key Segments of Commercial Booster Pumps Industry Survey
Commercial Booster Pumps Market by Pump Type:
- Single-stage Commercial Booster Pumps
- Dual-stage Commercial Booster Pumps
- Multi-stage Commercial Booster Pumps
Commercial Booster Pumps Market by Operating Pressure:
- 0.5 – 1 Bar Commercial Booster Pumps
- 1 – 5 Bar Commercial Booster Pumps
- 5 – 10 Bar Commercial Booster Pumps
- 10 – 20 Bar Commercial Booster Pumps
- 20 – 25 Bar Commercial Booster Pumps
- 25 – 50 Bar Commercial Booster Pumps
- Above 50 Bar Commercial Booster Pumps
Commercial Booster Pumps Market by End Use:
- Commercial Booster Pumps for Municipal Water & Wastewater Management
- Commercial Booster Pumps for Groundwater & Rainwater Harvesting
- Commercial Booster Pumps for District Cooling & Heating
- Commercial Booster Pumps for HVAC
- Commercial Booster Pumps for Commercial Buildings
- Commercial Booster Pumps for Agriculture & Irrigation
- Commercial Booster Pumps for Fire Control & Engineering
- Commercial Booster Pumps for Industrial Processes
Commercial Booster Pumps Market by Sales Channel:
- Online Sales of Commercial Booster Pumps
- Offline Sales of Commercial Booster Pumps
Commercial Booster Pumps Market by Region:
- North America Commercial Booster Pumps Market
- Latin America Commercial Booster Pumps Market
- Europe Commercial Booster Pumps Market
- East Asia Commercial Booster Pumps Market
- South Asia & Pacific Commercial Booster Pumps Market
- Middle East & Africa (MEA) Commercial Booster Pumps Market
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Commercial Booster Pumps Market:
About Future Market Insights (FMI)
Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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