What Has Been the Growth of the Booster Pump Market So Far?
The booster pump market has seen considerable growth due to a variety of factors.
• The market for booster pumps has seen a significant expansion in the past few years. The market, which was valued at $2.55 billion in 2024, is forecasted to reach $2.71 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.2%.
Factors such as an increase in the oil and gas sectors, growth in the food and beverage industry, population growth, increasing agricultural demand, and a boom in residential construction have all contributed to the historical period’s growth.
How Will the Booster Pump Market?
The booster pump market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for booster pumps is projected to witness remarkable growth in the coming years. The market is anticipated to hit a valuation of $3.41 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%.
The growth predicted for this period can be credited to factors such as the surge in water consumption, increase in construction activities, rising demand for water, a growing appetite for pipeline implementation, and an uptick in the need for API and ANSI pumps. The trends to watch out for in the forecast period encompass innovative, superior ordinary pumps, technological improvements in pump systems, the advent of energy-efficient pumps, cutting-edge manufacturing solutions, and the creation of pioneering products.
Which Factors Are Boosting Growth In The Booster Pump Market?
The booster pump market's expansion is projected to be fueled by a rise in residential construction. This type of construction centres around the planning, design, and construction of habitable dwellings such as single-family homes, apartments, and condominiums. The surge in residential construction is influenced by factors such as population growth, urbanization, lifestyle shifts, and initiatives for affordable housing. Booster pumps play a pivotal role in this sector by maintaining steady water pressure in multi-story residential buildings and remote locations, thus improving the overall efficiency of the plumbing systems. They ensure a dependable water supply for everyday activities as well as fire safety measures. For instance, data from the Australian Bureau of Statistics indicates that as of March 2024, there has been a 14.6% increase in private new homes, reaching a total of 30,992 dwellings since March 2023. Consequently, the upswing in residential construction is propelling the demand for booster pumps in the market.
What Key Areas Define The Segmentation Of The Global Booster Pump Market?
The booster pumpmarket covered in this report is segmented –
1) By Product: Centrifugal Pumps, Reciprocating Pumps, Rotary Pumps
2) By Type: Single-Stage, Multi-Stage, Other Types
3) By Material: Cast Iron, Aluminum, Stainless Steel, Other Material
4) By Distribution Channel: Direct Sales, Indirect Sales
5) By Application: Household, Commercial, Agricultural, Other Applications
Subsegments:
1) By Centrifugal Pumps: Single-Stage Centrifugal Pumps, Multi-Stage Centrifugal Pumps, Horizontal Centrifugal Pumps, Vertical Centrifugal Pumps, Self-Priming Centrifugal Pumps, End Suction Centrifugal Pumps, In-Line Centrifugal Pumps
2) By Reciprocating Pumps: Single-Acting Reciprocating Pumps, Double-Acting Reciprocating Pumps, Plunger Pumps, Piston Pumps, Diaphragm Pumps, Hydraulic Reciprocating Pumps
3) By Rotary Pumps: Gear Pumps, Screw Pumps, Vane Pumps, Lobe Pumps, Peristaltic Pumps, Progressing Cavity Pumps.
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What Trends Are Shaping The Booster Pump Market?
Major market players in the booster pump industry are centering their efforts on technological advances such as smart booster pumps, to improve efficiency, fine-tune performance, and provide real-time monitoring and control features. These intelligent booster pumps use superior sensor technology and control systems to amplify water pressure and energy efficiency, thus fulfilling the growing requirement for sustainable residential and commercial building solutions. One such example includes Tecnodyne Pumps Inc., a US-based industrial pump manufacturer, which in December 2022, introduced the TecnoBoost4, a smart booster pump. The TecnoBoost4 possesses real-time monitoring and adjustable pressure control, assuring stable operation whilst decreasing energy use. Furthermore, the pump's straightforward interface allows for effortless integration and remote control, making it adaptable for a variety of uses, from homes to commercial structures.
Who Are the Key Players In The Booster Pump Market?
Major companies operating in the booster pump market are:
• Xylem Water Solutions India Private Limited
• Ebara Corporation
• Grundfos Holding A/S
• Pentair plc
• Flowserve Corporation
• Alfred Kärcher SE & Co. KG
• ITT Inc.
• Weir Group plc
• KSB SE & Co. KGaA
• Wilo Group SE
• Franklin Electric Co. Inc.
• Ruhrpumpen Group India Pvt. Ltd.
• Smith & loveless inc.
• Armstrong Fluid Technology
• Calpeda S.p.A.
• Pedrollo S.p.A.
• Davey Water Products
• Dab Pumps Ltd.
• CNP Pumps India Pvt. Ltd.
• Pluga Pumps Co.
• Aquatec International Inc.
• Eddy Pump Corporation
What Is The Most Dominant Region In The Booster Pump Market?
North America was the largest region in the booster pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the booster pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
