CLEVELAND, June 7, 2022 /PRNewswire/ -- Desalination systems are expected to be an increasingly important component of global water supply going forward, and sales of pumps to support these systems are projected to post strong growth through 2026, finds a new Freedonia Group analysis.
In recent history, the desalination market for water infrastructure pumps has been primarily driven by Middle East countries, where oil wealth has allowed for high levels of investment in advanced systems to provide water to the arid region. However, desalination plants are increasingly being constructed worldwide, driven by both improving technology and concerns that climate change could contribute to increased issues with water scarcity. Going forward, the biggest potential for growth will occur in South Asia, most notably India, where the supply of potable water remains a concern.
While the global water infrastructure pumps market contracted in 2020, losses were not as severe as in many other industries, due to the high levels of repair and replacement demand driving sales in the market and the critical need to maintain water utilities systems.
The industry posted a strong rebound in 2021 despite ongoing pandemic impacts, and continued recovery is expected going forward. Supply chain issues – including shortages of raw materials and electronic components – prevented many pumps producers from fully meeting new orders taken in 2021. While revenues from many of these sales could be realized in 2022, supply chain disruptions continue to pose an issue and could lead to further delays in deliveries.
Through 2026, global demand for pumps in the water infrastructure market is forecast to increase 3.4% per year to $13.5 billion, driven by ongoing investment in utilities infrastructure in industrializing countries. Recovery from the impact of the COVID-19 pandemic will also contribute to rising spending on new water utilities projects in higher-income countries.
Now available from The Freedonia Group, Global Water Infrastructure Pumps provides historical data (2011, 2016, 2019, 2020, and 2021) and forecasts for 2022, 2026, and 2031 for water infrastructure pump demand by product in current US dollars (including inflation).
Pump demand is segmented into:
- centrifugal
- positive displacement (rotary, reciprocating, diaphragm)
- specialty and other pumps, which includes pumps with designs that are uniquely specialized for specific applications, such as domestic water system pumps, turbine, drilling mud pumps, sump pumps, beverage service pumps, microfluidic laboratory pumps, and others
- associated drivers, parts, and accessories
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact:
Corinne Gangloff
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SOURCE The Freedonia Group
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