Water pump is one of the most dynamic mechanical devices with applications in various industries and households. The rapid growth of the urban population is creating pressure on the existing water infrastructure, which includes delivery of utility water, and removal and treatment of wastewater. To overcome the situation, various governments in Asia and Africa are expected to increase their spending on irrigation and drinking water schemes. In 2011, during its Twelfth Five Year Plan, the Chinese government allocated $112 billion for upgrading water treatment and piping systems. Moreover, over the last few years, the use of water pumps has increased in urban households. The lifestyle of the urban population is fast-paced and modern, as compared to that of the rural population. The majority of manufacturers are offering varieties of water pumps to meet the growing demand from households.
On the basis of technology, the global water pump market has been segmented into centrifugal and positive displacement pumps. The various positive displacement pumps include rotary pump, reciprocating pump, and others. A centrifugal pump refers to a rotodynamic pump that uses a rotating impeller to increase the pressure and flow rate of a fluid. Centrifugal pumps are most commonly used to move a fluid through a piping system. These pumps consist of two basic components, rotary element or impeller and stationary element or casing. Centrifugal pumps are widely used in wells, buildings, hot water circulation systems, and fire protection systems in industries. Positive displacement pumps function by forcing a fixed volume of liquid from the inlet pressure section of the pump into the discharge zone. In positive displacement pumps, efficiency increases with increase in viscosity. Positive displacement pumps can be used in industries, such as pulp and paper, pharmaceutical, chemical, wastewater treatment, and food and beverage.
Geographically, Asia-Pacific is expected to maintain its dominance in the global water pump market during the forecast period. Europe is expected to witness marginal growth in the water pump market in the near future. However, the Asia-Pacific region is expected to witness the highest growth globally during the forecast period. This is mainly due to the increasing urban population and industrialization in the emerging markets of China and India. Currently, the developing economies such as India and China are witnessing rapid industrialization and China is the world’s largest industrial producer.