PUBLISHER: Allied Market Research | PRODUCT CODE: 1225039
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225039
The global booster pump market was valued at $2,338.9 million in 2021, and is projected to reach $3,715.3 million by 2031, registering a CAGR of 4.6% from 2022 to 2031. Booster pumps are advanced version of ordinary pumps that incorporate advanced technologies that enhance operational efficiency and offers features, such as high pressure flow.
Booster pumps are available in the market with varying stages of operation such as single stage and multi-stage. Often, booster pumps are used by industries that are large and very complex, and by using pressure generation technology, booster pumps can reduce the operational and maintenance cost complex pumping system.
The rise in population, globalization, and rise in disposable income of people have fueled the growth of various industries, such as manufacturing, petrochemical, food and beverages, and others. Furthermore, population growth and urbanization are driving the demand for energy, which eventually propels the growth of oil & gas industry, thereby positively influencing the booster pump market. However, high setup cost of booster pumps and fluctuating cost of raw materials used for manufacturing booster pump systems are expected to constraint the market. Furthermore, development of technologies that have enabled the remote monitoring and operation of booster pumps is expected to provide lucrative opportunities for the booster pump market growth.
The booster pump market is segmented on the basis of type, application, sales type and region. By type, the market is divided into single stage and multistage. By application, the market is divided into household, agriculture, water & wastewater, industrial and other. By sales type, the market is divided into new sales and aftermarket. Region wise, the global booster pump market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the booster pump market include Alfred Karcher SE & Co. KG, Aquatec International, Inc., Dab Pumps Spa, Davey Water, Franklin Electric, Pentair, Smith & Loveless, Witte Pumps & Technology GmbH, Xylem and Zodiac Pool Systems LLC. Major companies in the market have adopted acquisition, partnership, product and business expansion as their key developmental strategies to offer better products and services to customers in the booster pump market.
Key Benefits For Stakeholders
By Type
By Application
By Sales Type
By Region