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The pumps market in water and wastewater treatment sector size is forecast to increase by USD 5.60 billion at a CAGR of 7.1% between 2023 and 2028. The market is experiencing significant growth due to increasing investments in infrastructure and technology for water treatment. The demand for pump repair and remanufacturing is escalating as aging infrastructure requires maintenance. However, the market is also challenged by the volatility in raw material prices, which can impact the cost of pumps. Inorganic matter and microbes are common contaminants in water and wastewater, necessitating the use of pumps in processes such as trickling filters, activated sludge, and aeration tanks. These systems require careful management of dissolved oxygen levels, which can be achieved through advanced waste treatment techniques like chlorine disinfection and dechlorination. Filtration and carbon adsorption are additional methods used to remove impurities and ensure water quality. The market is expected to continue growing as the need for clean water and wastewater treatment becomes increasingly urgent.
The market is witnessing significant growth due to the increasing demand for efficient and reliable water and wastewater treatment solutions. This market caters to various industries, including municipal and industrial water and wastewater treatment. The primary growth drivers for the market are the stringent regulations regarding water quality and the growing awareness of water conservation. Offshore drilling, including semi-submersibles, jack-up rigs, and drill ships, utilizes large quantities of water for various purposes such as drilling, cooling, and production. Governments and regulatory bodies worldwide are imposing strict regulations on industries to ensure the discharge of treated wastewater meets specific quality standards.
Furthermore, this has led to a rise in investments in water and wastewater treatment infrastructure. Moreover, the increasing population and urbanization have put immense pressure on the existing water supply and wastewater treatment systems. Drilling techniques, such as those used in ultra-deepwater drilling, require specialized drilling equipment, including drilling barges, submersible rigs, and semi-submersible rigs. The need for upgrading and expanding these systems to meet the growing demand for clean water and efficient wastewater treatment is driving the market growth. The market is also witnessing the adoption of advanced technologies, such as variable frequency drives (VFDs) and energy recovery devices, to improve the efficiency of pumps and reduce energy consumption. These technologies help in optimizing pump performance and reduce operational costs, making them a popular choice for water and wastewater treatment applications.
Moreover, another trend in the market is the growing preference for energy-efficient pumps. With the increasing focus on reducing carbon emissions and energy consumption, energy-efficient pumps are gaining popularity in the water and wastewater treatment industry. These pumps offer significant energy savings and help in reducing overall operational costs. Furthermore, the market is witnessing the adoption of smart pumps, which offer advanced features such as remote monitoring, predictive maintenance, and real-time performance data. These pumps help in improving the reliability and efficiency of water and wastewater treatment systems, making them an attractive option for industries and municipalities. In conclusion, the water and wastewater treatment pumps market is witnessing significant growth due to the increasing demand for efficient and reliable water and wastewater treatment solutions.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The municipal segment is estimated to witness significant growth during the forecast period. In the market for water and wastewater treatment, the municipal segment holds a significant share due to the increasing demand for clean water and effective wastewater treatment. The rise in population growth, particularly in Asia Pacific, where many of the most populous countries are located, has led to a higher need for water and, consequently, increased wastewater generation. Electronic waste (e-waste) is a growing concern due to the widespread use of electronic equipment. Components of these items can contaminate water if not disposed of properly. Urbanization is another significant factor driving the demand for wastewater treatment in the municipal sector.
Moreover, drilling techniques play a crucial role in the energy and resources sector, including the water and wastewater treatment industry. Various marine vessels, such as drilling barges, submersible rigs, semi-submersible rigs, and drill ships, are employed for drilling activities in ultra-deepwater locations. The bidding process for acquiring contracts to operate these marine vessels and offshore platforms is competitive. Anchoring systems are essential for securing these platforms and ensuring their stability in harsh ocean conditions. The market in the water and wastewater treatment sector is experiencing steady growth due to the increasing focus on natural resources and the need for efficient water management.
Furthermore, the use of advanced technology and innovative solutions is transforming the industry, making it more sustainable and cost-effective. Companies operating in this sector are investing in research and development to create new products and improve existing ones. The competitive landscape is diverse, with several key players dominating the market. The market is expected to continue growing as the demand for clean water and effective wastewater treatment increases.
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The municipal segment accounted for USD 7.16 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In the market for water and wastewater treatment, APAC holds the largest market share in 2023 and is expected to continue leading through the forecast period. Population growth and urbanization are major drivers of water demand in APAC, which is home to six of the world's most populous countries. Many people in this region lack access to clean municipal or piped water, leading to a high demand for water treatment solutions. Untreated water sources can result in oxygen depletion, fish and wildlife population decline, beach closures, and restrictions on recreational water use.
Suspended solids in effluent from domestic, industrial, and commercial sources also contribute to pollution. Pumps play a crucial role in addressing these challenges by facilitating the efficient transport and treatment of water and wastewater. The demand for pumps in APAC is fueled by the need to provide clean water for drinking, industrial use, and recreational activities while minimizing pollution and ensuring regulatory compliance.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing investments in water and wastewater treatment is the key driver of the market. The global water and wastewater treatment sector is witnessing significant growth due to the increasing demand for clean water for various applications in the domestic, commercial, and industrial sectors. This demand is driven by population growth and urbanization, particularly in developing countries. Old water treatment facilities are being upgraded, and new facilities are being installed to meet the increasing demand for clean water and to address issues such as storm water runoff and combined sewer overflow. Primary, secondary, and tertiary treatment methods, including advanced wastewater treatment, are being employed to address organic matter and pollutants in water and wastewater.
Technologies such as screening, comminution, grit removal, sedimentation, and biosolids management are integral parts of the water treatment process. The market for these technologies is expected to grow as investments in water and wastewater treatment continue to increase. Water and wastewater treatment plays a crucial role in maintaining public health and protecting the environment. The market for water and wastewater treatment technologies is expected to continue growing as governments and industries invest in upgrading and expanding water treatment infrastructure to meet the increasing demand for clean water and to address the challenges of managing storm water runoff and combined sewer overflow.
Rising demand for pump repairing and remanufacturing is the upcoming trend in the market. In the water and wastewater treatment sector, pumps and pumping systems play a crucial role in large-scale and critical applications, accounting for a substantial portion of the overall investment costs.
Given the high replacement costs, many end-users prefer repair or remanufacturing of these components instead. In corrosive and harsh environments, material deposition technologies, including plasma arc welding and laser cladding, are commonly used for the repair and renovation of worn-out and degraded mechanical components. These techniques fall under the material processing and coating categories, making them essential for the restoration of pumps and pumping systems in various industries.
Volatility in raw material prices of pumps is a key challenge affecting the market growth. The water and wastewater treatment sector faces a significant challenge in the form of fluctuating prices of raw materials used in manufacturing pumps. Materials such as cast iron, bronze, stainless steel, aluminum, and copper are commonly used in pump production, and their price instability can hinder the adoption of pumps, particularly in price-sensitive markets. Recent trends have shown that raw material prices have experienced considerable volatility due to various factors, including increased taxes, duties, and tariffs, as well as production disruptions in metal-producing countries. These price fluctuations can ripple through the entire supply chain, ultimately affecting the cost of the final product.
Furthermore, inorganic matter and microbes are key components in water and wastewater treatment processes. Dissolved oxygen plays a crucial role in the treatment process, particularly in systems such as trickling filters and activated sludge processes. Aeration tanks are used extensively in these processes to provide the necessary dissolved oxygen. Disinfection is another essential aspect of water and wastewater treatment, and chlorine is a widely used disinfectant. However, dechlorination is necessary to remove residual chlorine before the treated water is released back into the environment. Advanced wastewater treatment methods, such as filtration and carbon adsorption, are increasingly being adopted to address the growing demand for cleaner water.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Danfoss AS - The company offers pumps such as Danfoss Hydro for water and wastewater treatment.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market in the water and wastewater treatment sector plays a crucial role in ensuring the efficient and effective management of water resources. This market caters to various applications, including domestic, industrial, commercial, and environmental uses. In the water sector, pumps are employed for lifting water from sources such as rivers, lakes, and wells, and transporting it to various destinations. Geologists and geoscientists utilize survey vessels equipped with 3D imaging technology to analyze rock formations and identify oil or liquefied natural gas pockets. In the wastewater treatment sector, pumps are utilized for transferring wastewater from collection systems to treatment plants, and for moving treated water to end-users or for disposal. Advanced wastewater treatment technologies, such as primary, secondary, tertiary treatment, and advanced wastewater treatment, rely heavily on pumps for their successful implementation.
Furthermore, pumps used in water and wastewater treatment applications are sophisticated and are engineered to handle a wide range of flows and pressures. They are designed to be energy-efficient, reliable, and durable, ensuring minimal downtime and maintenance. Advanced wastewater treatment techniques, such as dechlorination, filtration, carbon adsorption, distillation, and reverse osmosis, are increasingly being adopted to meet this demand. The market for pumps in this sector is expected to grow due to increasing water scarcity and stringent regulations regarding water quality and wastewater treatment. The water and wastewater treatment sector also faces challenges related to pollution, combined sewer systems, storm water runoff, and combined sewer overflow. Pumps play a significant role in mitigating these challenges by facilitating the transportation and treatment of wastewater and ensuring the discharge of clean water into the environment.
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Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
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Market growth 2024-2028 |
USD 5.60 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.5 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, UK, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alfa Laval AB, Atlas Copco AB, Baker Hughes Co., Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., Grundfos Holding AS, Ingersoll Rand Inc., KSB SE and Co. KGaA, Kubota Corp., Robert Bosch GmbH, Ruhrpumpen Group, Sintech Precision Products Ltd., SPP Pumps Ltd., Sulzer Ltd., TechnipFMC plc, The Weir Group Plc, Wilo SE, and Xylem Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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