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Global Water Pumps Market to Grow due to Increasing Demand from Developing Countries, says TechSci Research

May 27, 2014

BURNABY, British Columbia, May 27, 2014 /PRNewswire/ –

Industrial Sector Continues to Remain Largest End User for Global Water Pumps Market

The global water pumps market is growing rapidly on account of strong demand from the
developing countries such as China and India. These emerging economies are witnessing
rising urbanization and industrialization, which is leading to increasing water scarcity,
and as a result pushing the demand for water recycling projects. Rising application of
water pumps in the industrial segment is one of the key growth drivers for the global
water pumps market. Oil & gas and water & wastewater treatment continue to be the major
end user industries for water pumps market, globally. Moreover, global demand for oil &
gas is expected to increase from USD2642.5 billion in 2010 to USD3699.4 billion by 2015,
consequently, boosting the demand for water pumps.

(Logo:
http://photos.prnewswire.com/prnh/20140117/663730 )

According to a recently published report by TechSci Research
[http://www.techsciresearch.com ], “Global Water Pumps Market Forecast & Opportunities,
2019 [http://www.techsciresearch.com/2814 ]“, the global water pumps market is projected
to grow at a CAGR of around 4% during 2014-19. Centrifugal water pumps is the dominating
segment in the global water pumps market, holding more than 70% of the market share in
2013. The demand for centrifugal water pumps is supported by their growing utilization in
both industrial and non-industrial segments, with industrial segment continuing to
dominate and oil & gas being the largest end user industry.

“Emerging markets in the water & wastewater treatment industry are driving the market
growth of global water pumps market. As one of the emerging trends in global water &
wastewater treatment market, the mobile water treatment services market has grown at a
CAGR of about 8% during 2009-13 and is expected to witness a two-fold increase during
2014-19. This is expected to further augment the demand for water pumps, globally through
2019.”, said Mr. Karan Chechi, Research Director with TechSci Research
[http://www.techsciresearch.com ], a research-based global management consulting firm.

“Global Water Pumps Market Forecast & Opportunities, 2019
[http://www.techsciresearch.com/2814 ]” has evaluated the future growth potential of global
water pumps market and provides statistics and information on market structure, industry
behavior and trends. The report includes water pumps market projections and demand
forecasting. The report is intended to provide cutting-edge market intelligence and help
decision makers to take sound investment evaluation. Besides, the report also identifies
and analyzes emerging trends along with major drivers, challenges and opportunities in the
global water pumps market.

Contact

Ken Mathews

Sales & Marketing Consultant

Contact Phone- +1 646 360 1656

Email- ken.mathews@techsciresearch.com


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http://photos.prnewswire.com/prnh/20140117/663730

SOURCE TechSci Research


Source: PR Newswire



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