Commercial Booster Pumps Market

Technological Advancements Creating Growth Prospects

Digitalization has caused companies to shift to smart systems. Booster pumps that are currently available in the market can be remotely controlled. In addition to this, booster pump manufacturers are offering live monitoring of the operational data and maximum equipment performance.

With the advent of Internet of Things (IoT), the exchange of information and connections have become seamless. This has in turn helped industries by ensuring reliability as the pumps can be controlled individually.

Technological advancements have created a competitive ground for manufacturers and have now become the key to the development of modern models with enhanced characteristics. These developments have subsequently propelled the demand for commercial booster pump and have progressed the market value.

Surging Demand for Corrosion Resistant Pumps

The continuous rise in industrialization and growing market opportunity has been driving the sales of commercial water booster pumps which are easy to use and handle, and can be installed at multiple locations. The market is observing a significant rise in demand of corrosion-resistant pumps.

These pocket friendly pumps offer the impressive corrosion resistance and reduces repair and replacement expenses by avoiding environmental disciplines that are common occurrences in traditional booster pumps.

They are now in the spotlight owing to the preparations they offer to handle some of the incompatible chemicals and other fluids. These pumps are forecast as key sales-driving elements and are consequently adding to the market value.

Ongoing Covid-19 Pandemic Has Struck Hard

The COVID-19 pandemic has severely affected the global economy, significantly disrupting supply-chain across various industries. The commercial booster pumps market hasn’t been immune to the effect of the pandemic either.

Some of the leading booster pump manufacturers have announced the suspension due to the decreased demand and to ensure the safety of employees. This has caused demand for automotive pumps to decline in 2020. This also made manufacturers come up with new production adjustment policies and prevent bottlenecks.

Moreover, challenges faced in the supply chain, communication, imports and exports, taxes, and currency fluctuations largely affected the market. However, global market growth is expected to observe a sharp advancement in the coming years.

Key Challenges

Technological advancements are adding to the growth of the market, but they also have created some restraints. Booster pumps get out-of-date over a period as technology is continuously improving and is easily available to the end users.

 Thanks to better access to information, consumers are rendered better aware about latest developments. With these machines getting old and obsolete at such a fast pace, some users might find it difficult to invest each time a new version is introduced.

The other challenge for the market is therefore high capital expenditure. Smaller companies might find it difficult to upgrade their technologies to keep pace with innovations and dynamic market trends.

Region-Wise Analysis

East Asia Commercial Booster Pumps Market

East Asia, spearheaded by China, is the topmost contributor to the global commercial booster pumps market. The market faced a fall in growth in 2020, but it is also estimated to gain acceleration at 8.5% CAGR in the forecast period. According to FMI, the East Asia market will continue to lead as the largest market for commercial booster pumps.

The potential profitableness of the market is attributed to urbanization and industrialization in developing economies such as China, Japan, and South Korea.

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Europe Commercial Booster Pumps Market

Europe, led by Germany, will remain the second most lucrative region through the forecast period. According to FMI, growth opportunities are foreseen to be plenty in Europe owing to the presence of several major market players in the region.

Europe offers a sizeable share to the market, and its value is expected to rise consistently during the assessment period. The exceptional advancement of IT infrastructure combined with the new policies of the manufactures will aid in the growth of the market.

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North America Commercial Booster Pumps Market

The growing demands in the countries from North America such as the US, Canada, etc. is compelling the manufacturers towards fastening their manufacturing and sales facilities. This is further estimated to increase the market growth in the region.

The current trends towards establishing smart cities are anticipated to intensify the demand for commercial booster pumps for commercial and industrial purposes. Hence, North America is expected to remain a prominent region in the global commercial booster pump market in terms of market share.

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Category-wise Insights

Municipal Water & Wastewater Treatment Has Hegemony

Municipal water and wastewater treatment holds the maximum shares among end-use industries. This leading segment is expected to exhibit a CAGR of 8.5% over the forecast period.

The growth is attributable to the customized control panels and variable frequency offered by commercial booster pumps that satisfy the need for proper water management during the peak hours in cities. Moreover, the continuous effort of the manufacturers to provide better quality energy-efficient commercial booster pump is driving the market.

Preference for 25-50 Bar Pressure

By water pressure, the 25-50 bar segment is anticipated to contribute a leading share in the market. While the 20-25 bar segment is poised to secure the second largest market share with an exceptional CAGR through the forecast period.

Offline Sales Channel Emerges Dominate

The offline sales channel is currently leading and is expected to dominate through the forecast period. The growth is attributable to the increasing inclination of consumers towards personally inspecting the product before purchasing and the lack of industrial online sales platforms. The other segment, the online sales channel is also expected to register a rise through the assessment period due to the growing popularity of e-commerce.

Multi-stage to Remain Dominant

The multi-stage pump type is expected to remain dominant through the assessment period. Due to multiple impellers fitted in series, multi-stage pumps are preferred over others as they cover higher pressure ranges. Manufacturers are focusing more on improving quality by coming up with innovations which is favoring the widespread uptake of the global market. 

Competitive Landscape

Manufacturers are investing in developing innovative and economy-friendly products. Besides, the up-gradation and expansion of production by utilizing advanced technologies companies are concentrating on new growth strategies. For instance, Xylem is working on a smart utility network to prevent water shortage. Anglian Water, East England, could face a projected water shortage by 2025 of up to 30 million litres of water a day. Xylem management plans not only deals with managing demands but also ensures that there is no loss of water.

As technology is observing changes every day, according to FMI the market value will see a rise, and the study further gives an in-depth explanation of the market parameters that will observe changes in the period 2020-2030. With growing awareness among the users, companies make sure that the product satisfies all the needs, which has created a competitive ground for the players.

The study lists the lead players of the market that includes, Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group.

The list is only indicative – a full list of commercial booster pump market key players is available upon request.

Commercial Booster Pump Market Report – Scope

Attribute	Details
Forecast Period	2020-2030
Historical Data Available for	2015-2019
Market Analysis	US$ Bn and Units for Volume
Market Value (2020)	US$ 4.7 Bn
Market Volume (2020)	5,491 Units
Key Regions Covered	North America, Latin America, the Middle East and Africa, South East and Pacific, Europe, East Asia
Key Countries Covered	Germany, France, Italy, UK, Spain, BENELUX, Russia, US, Canada, GCC counties, Northern Africa, South Africa, India, Oceania, ASEAN, Mexico, Brazil, China, India, and South Korea
Key Segments Covered	By Pump Type - Single-stage, Dual-stage, Multi-stage, By End-use - Municipal Water and Wastewater Management, Groundwater And Rainwater Harvesting, District Cooling And Heating, HVAC, Commercial Buildings, Agriculture And Irrigation, Fire Control And Engineering, Industrial Processes, By Operating Pressure - 0.5 - 1 bar 1 - 5 bar, 5 - 10 bar, 10 - 20 bar, 20 - 25 bar, 25 - 50 bar, Above 50 bar, By Sales Channel – Offline, Online
Key Companies Profiled	Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group
Report Coverage	Market Forecast, Competitive Landscape, Region-wise and Category-wise Analysis, Key Challenges
Customization & Pricing	Available upon Request

Key Questions Answered by the Report

• What is the commercial booster pumps market size?

  The global commercial booster pumps market, rising at a CAGR of 7.8% between 2020 and 2030, is expected to reach US$ 10.0 Bn by 2030

• Which is the largest market for booster pumps?

  East Asia currently holds dominance backed by surging demand and production in high potential markets such as China, Japan, and South Korea.

• Which are the top companies in the commercial booster pumps market?

  Some of the leading companies operating in the commercial booster pump market are Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group, among others

• What is the outlook on the commercial booster pumps market?

  FMI foresees positive growth for the market in the coming years after a fall in 2020. The consistently rising demand for modern booster pumps will aid the expansion of the market.

Enquiry before Buying

• Is this research conducted by Future Market Insights?

  Yes, the report on the commercial booster pumps market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses the demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.

• Who are the respondents for primary research?

  FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

• What are the sources of secondary research?

  FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

• Is a sample of this report available for evaluation?

  Yes, you can request a sample and it will be sent to you through an email.

• How can I buy this report?

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Key Segments

End-use

• Municipal Water and Wastewater Management
• Groundwater And Rainwater Harvesting
• District Cooling And Heating
• HVAC
• Commercial Buildings
• Agriculture And Irrigation
• Fire Control And Engineering
• Industrial Processes

Pump Type

• Single-stage
• Dual-stage
• Multi-stage

Operating Pressure

• 0.5 - 1 bar
• 1 - 5 bar
• 5 - 10 bar
• 10 - 20 bar
• 20 - 25 bar
• 25 - 50 bar
• Above 50 bar

Sales Channel

• Online
• Offline

Regional Outlook

• North America - US and Canada
• Latin America - Mexico, Brazil, and the rest of Latin America
• East Asia - China, Japan, and South Korea
• Europe - Germany, France, Italy, UK, Spain, BENELUX, Russia, and the rest of Europe
• South Asia And Pacific - India, Oceania, ASEAN, and the rest of South Asia and Pacific
• The Middle East And Africa - GCC counties, Northern Africa, South Africa, and the rest of the Middle East And Africa