The end suction pump market is witnessing significant growth, with its size estimated at USD 3.93 billion in 2022 and projected to reach USD 4.2 billion in 2023. This market plays a crucial role in global business and infrastructure development, driven by advancements across various industries worldwide.
Furthermore, the expansion of the end suction pump market is closely tied to the modernization of agriculture and wastewater treatment practices, particularly in vegetation-based industries. As industrialization and urbanization continue to surge, coupled with increasing demand for efficient irrigation solutions in rural areas of emerging economies, the end suction pump market experiences substantial growth.
Future Market Research forecasts a robust Compound Annual Growth Rate (CAGR) of 4.93% for the end suction pump market between 2023 and 2033, with an anticipated market valuation of approximately USD 6.8 billion by the end of this period. This growth trajectory underscores the pivotal role of end suction pumps in meeting the evolving needs of various sectors and industries worldwide.
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Regional Insights
The expansion of the United States market is significantly bolstered by the continuous development of the manufacturing and commercial sectors, paving the way for increased demand and opportunities.
In Brazil, the growth of the end suction pumps market is propelled by advancements in the food and beverage industries, driving the need for efficient pumping solutions to meet rising demands.
Across various regions, there’s a notable emphasis on innovation within the manufacturing sector, spurring Germany market growth and driving the adoption of advanced pumping technologies.
The surge in Russian industrialization globally has resulted in a notable uptick in the sales of end suction pumps, as industries seek reliable and efficient pumping solutions to support their operations.
China’s status as a global manufacturing hub further fuels the demand for end suction pumps, with the country serving as a pivotal market for manufacturers and suppliers alike.
Drivers
The domestic sector of the end suction pumps market has witnessed significant expansion in recent years, driven by the integration of modern technologies in manufacturing and monitoring operations. The pervasive influence of electronics and computers has permeated various aspects of daily life, with technologies like variable speed drives (VSDs), SCADA systems, and condition monitoring equipment becoming indispensable in the pumps industry.
In-line pumping units equipped with integral VSDs have emerged as dominant players in the domestic market, facilitated by the utilization of pump selection software that streamlines the selection process in line with expanding marketing opportunities. Furthermore, the escalation of energy costs has prompted a heightened focus on system improvements aimed at achieving substantial cost savings. However, enacting appropriate legislation to address these concerns presents significant challenges.
While South Korea and China are contemplating legislation to enhance pump efficiency, the returns on large investments for improving pump efficiency are relatively modest. Nevertheless, the European Commission has taken proactive measures to enhance water pump efficiency under its Energy Using Products Directive. This directive includes strategies for identifying and eliminating underperforming pumps, reflecting a concerted effort to promote energy efficiency and sustainability.
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Key Companies
- Grundfos
- Sulzer Ltd.
- Xylem Inc.
- KSB AG
- Flowserve Corporation
- Ebara Corporation
- Kubota Corporation
- Ruhrpumpen Group
- Kirloskar Brothers Ltd.
- WILO SE
- DESMI A/S
- Pentair
- Torishima Pump Manufacturing Co., Ltd
