Utility Pump Industry Global Market Growth, Size, Share, Demand, Trends and Forecasts to 2026

Rising deployment of utility pumps for supplying water to agricultural fields will be the key factor driving the global utility pump market growth during the forecast period. Growing crops in fields require huge quantities of water that needs to be pumped regularly. With a large number of people being dependent on agriculture for survival, agricultural activities and production have increased exponentially in the last few decades and the trend is expected to continue in the next few decades. According to the World Bank (WB), by 2050, agriculture will feed approximately 9.7 billion people. In 2016, close to 65% of the world’s poor working adults made their livelihood through agriculture, as per WB’s estimates. Efficient utility pumps can contribute significantly to higher agricultural productivity, thereby pushing up their demand and positively impacting the global utility pump market till 2026.

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Fortune Business Insights identifies some of the key players in this market:

  • Neptune Systems
  • Wayne
  • Countyline
  • Eco-Flo Products
  • Pondmaster
  • Johnson Pump
  • Tsurumi Pump
  • Scepter Consumer
  • Aquapro
  • Everbilt
  • The Basement Watchdog
  • Zoeller

Key Market Driver – Rise in the agricultural and construction activities

Key Market Restraint – Maintenance cost of the utility pumps

Fortune Business Insights, in its report, titled “Utility Pump Market Size, Share and Global Trend By Product Type (Gasoline Powered Pumps, Transfer Pumps, Submersible Pumps Others), By Application (Removing Water, Removing Condensation, Boosting Water Pressure, Moving Large Amount of Water, Others) and Geography Forecast till 2026”, has come out with a detailed analysis of the factors that will influence the market in the forecast period. The report also incorporates an in-depth assessment of the dynamics and aspects that will shape the development of the market.

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Key Segmental Overview:

  1. By Product Type
  • Gasoline Powered Pumps
  • Transfer Pumps
  • Submersible Pumps
  • Others
  1. By Application
  • Removing Water
  • Removing Condensation
  • Boosting Water Pressure
  • Moving Large Amount of Water
  • Others
  1. By Geography
  • North America (The USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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North America to Occupy a Commanding Position; Asia-Pacific to Grow Healthily

North America is projected to dominate the global utility pump market share on account of increasing mining and shale oil exploration activities in Canada and the US. Escalating rate of urbanization and industrialization in China, South Korea, and India will propel the market for utility pumps in Asia-Pacific in the coming decade. In Europe, utility pumps will see soaring demand owing to the expanding food processing industry, especially in southern Europe. Advancing agricultural technologies will also push the demand for utility pumps in the continent. Lastly, oil and gas extraction and refinement will be the key activities that will drive the global utility pump market in Latin America and the Middle East during the forecast period.

Major Table of Content For Utility Pump Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Utility Pump Market Analysis, Insights and Forecast, 2026
  6. North America Utility Pump Market Analysis, Insights and Forecast, 2026
  7. Europe Utility Pump Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Utility Pump Market Analysis, Insights and Forecast, 2026
  9. The Middle East and Africa Utility Pump Market Analysis, Insights and Forecast, 2026
  10. Latin America Utility Pump Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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Key Industry Developments

  • In July 2015, Kirloskar Brothers Limited announced about the acquisition of Netherland based Rodelta Pumps International was completed by its subsidiary The Kirloskar Pompen BV. Rodelta has been in the field of manufacturing of API and non API pumps for various applications like oil and gas, pulp and paper, water, chemical, etc.
  • In June 2019, Milwaukee Tool unveiled its new products at symposium 2019 held at Wisconsin. The new products unveiled included M18 FORCE LOGIC 10000 PSI hydraulic pump which is smaller in size and lighter in weight and easy to install at the required site.
  • In June 2019, International technology group ANDRITZ announced that it would be supplying 4 two-stage vertical pumps for water transport as a part of the Shanxi Xiaolangdi yellow river diversion project in China. These pumps will have a flow rate of 5 cubic meters per second over ahead of 236 meters with an efficiency of 91 percent.

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