Electric water pumps have dramatically changed the lives of humans in ways that cannot be ignored. If it weren’t for the electric pumps, people would have to collect rainwater and walk miles to nearest springs, oceans, rivers, ponds, and lakes, to find water. Pumps make human life easier, saves hours and hours of labor, and makes it a lot easier to mitigate damage from flooding.
An electric water pump is used to convert the electric energy into mechanical energy. Pumps basically use the forces of nature in order to move the liquid. The key end users of the global electric water pump are oil & gas & refining, power generation, chemical, water & wastewater, and general industry.
Advantages Of An Electric Water Pump & Its Future Opportunities
Water pumps keep a steady water supply at home, its efficiency provides a steady flow of water, it is easy to transport and to do the fitting, it provides high efficiency with nifty water pressure, and it requires no extra cost of maintenance after purchase and installation.
Increase in the usage of water pumps in the oil and gas industry is a major factor in rising demand for energy. Increasing demand for domestic clean water, industrial water, flood control, and desalination process is boosting the demand for electric water pumps. Furthermore, increasing urbanization is another major factor boosting the growth of the market.
The Market For Electric Water Pumps in India To Surpass USD 13.8 Billion By 2022
Taking into consideration, electric water pump is a prominent industry that is growing on a large scale, the top 5 manufacturers combines for total 90% of the manufacturing market share. Some of the major regions included in the market for electric water pumps are North America, Europe and Asia-Pacific, South America, Middle East and Africa, in which, Europe and USA were estimated to be the two largest manufacturers in 2015. Europe, being the largest production region, holds 42.5% of the market share, whereas USA holds the second largest production region, with the market share of 28%.
Indian water pump is projected to surpass USD 13.8 billion by 2022. India is witnessing an impressive market growth on the back of depleting water ground level, and various infrastructure initiatives launched by the government with the purpose of improving infrastructure, construction of roads, toilets, homes, schools, and cleaning of major water bodies across the country. The market for water pumps in India is expected to grow at a higher rate due to the decline in the real estate industry. Market growth in India is driven by the agriculture sector, irregularity in monsoon, industrial sector, and especially increase in desalination plants across the country.
In terms of demand, Asia-Pacific was the most dominant region, accounting for the majority of the market share in 2016. With the region moving towards major infrastructure development activities, particularly in emerging economies such as China, India, and Indonesia, the market demand for electric water pump in the region is expected to increase.