According to the latest study published by Future Market Insights (FMI), the key factors encouraging growth in the global commercial booster pumps market include surging investment toward bettering water infrastructure, coupled with the demand for advanced HVAC systems.
The report offers a comprehensive market overview, offering insights into the prevalent factors. Some of the key takeaways from the report are highlighted below.
Get | Download Sample Copy with Graphs & List of Figures:
https://www.futuremarketinsights.com/reports/sample/rep-gb-12679
Key Takeaways from the global commercial booster pumps market study:
- Commercial booster pumps are dominating traditional pumping systems owing to their features of live monitoring and controlling, easy installation, and vibration-free operations.
- Customized booster pumps having increased efficiency are attracting end-use industries such as aerospace, mining, and food processing
- Both East Asia and Europe have emerged as lucrative markets for commercial booster pumps. In South Asia, the market will witness high demand from countries such as India and Thailand owing to the increasing investments made by the governments towards the development of water infrastructure
- Growing applications in end-use industries have created a significant demand for customized booster pumps as per the specific use in the industry. Fewer moving parts, no valves or seals are some of the customizations preferred across industries
“The increasing demand for water has led to a positive development in different water technologies which have made the commercial booster pumps industry competitive. Consumers are also looking for corrosion and chemical-resistant pumps for application across various end-use industries. Hence, booster pumps are gaining traction across various end use industries and are creating positive prospects for the market growth.” says FMI analyst.
Covid-19 impact analysis:
The ongoing pandemic has put a dent in the global economy causing many economic activities to come to a halt. This has also caused a significant plunge in the commercial booster pumps market growth. Many challenges are encountered in the areas of the supply chain, communication, imports and exports, tariffs, and currency fluctuations.
These challenges have created an unstable economic environment and a negative impact on the growth of the booster commercial pumps market. However, as the economic activities are slowly resuming, the commercial booster pump market is also expected to witness a sharp recovery.
Commercial booster pumps market competitive landscape:
The Commercial Booster Pumps Market is moderately consolidated, in which the leading players account for more than one-third of the market share. The penetration of small regional players will make this market more competitive in the forecast period. Some of the key players in the market are Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd. among others. These players have higher shares in the global market, and have longstanding relationships with several leading end-users, giving them an upper hand among their peers.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-12679
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
For More Information or Query or Customization Before Buying, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-12679
About Industrial Automation Division at Future Market Insights
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as a budding industry