The market will grow with a stable long-term projection, according to latest insights by Future Market Insights. The report estimates the market to expand at above 8% CAGR from 2021 to 2031. Global reverse osmosis pump market is set to be valued at US$ 6,077.8 Mn in 2021.
Growing need for reverse osmosis pumps in the residential and commercial sectors has led to increasing demand in the market. Oil and gas, power generation, and manufacturing industries are exhibiting for reverse osmosis pumps.
FMI predicts healthy growth in the oil and gas industry in economies such as China, India, the Middle East, and Africa. Expansion of the industry will create prospects for growth in the market. This is because reverse osmosis pumps are used for ensuring accurate and repeatable transportation and filtration to minimize total dissolved solids (TDS) in oil and gas applications.
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Desalination plants around the globe are leading customers of high capacity, high-end reverse osmosis pumps. Reverse Osmosis (RO) systems are widely accepted on offshore platform and vessels to provide low TDS (total dissolved solids) water for better oil recovery.
Water filtration is imperative for the commencement of industrial processes. Considering this, the demand for reverse osmosis pumps have considerably risen in recent years. To meet the increasing demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure and production capacities.
Demand for reverse osmosis pump slumped in 2020 due to the COVID-19 pandemic. However, the filtration unit of the domestic and commercial segments of the market were not impacted hard owing to requirements for drinking water on a global scale. Despite the risk of stimulus for bottled water in many countries, the market’s long-term outlook remains optimistic.
Key Takeaways from Market Study
- Centrifugal reverse osmosis pump will hold over nine tenth of the market share in 2021.
- Booster pumps are projected to hold over four-fifth of the overall market share as the leading pump type by 2031-end.
- The market in the India is projected to expand at a CAGR above 15%, supported by investments into industrialization.
- The U.S. market is projected to grow at a CAGR nearly 6% CAGR through 2031, supported by presence of mature manufacturing infrastructure and water filtration sector.
- The markets in China and Turkey are set to surge at around 7% CAGR over the next ten years, driven by the rising demand from industrial end users.
“Investments in municipal water and wastewater sectors in emerging countries are projected to grow at higher pace as compared to developed countries, owing to higher scope for economic growth, demographic changes, and the need to catch up with basic infrastructure requirements, which will drive reverse osmosis pump sales through 2031,” says a Future Market Insights analyst.
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Competitive Landscape
The market is highly consolidated, with key players accounting for more than one-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to gain competitive advantage.
Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, and Kubota Corp.
Find More Valuable Insights
The research report analyzes demand for reverse osmosis pump. The global reverse osmosis pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
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