The Domestic Booster Pumps Market is experiencing significant growth driven by various factors. Firstly, the global population is steadily increasing, leading to a surge in residential construction and the need for more housing solutions. As urbanization continues to accelerate, there is a growing demand for residential spaces, further fueling the construction sector. Additionally, these changes in lifestyle patterns have also contributed to the rising demand for domestic booster pumps. With more households adopting modern amenities that rely on water supply, such as showers, washing machines, and irrigation systems, the need for efficient water distribution and increased pressure has become paramount.
The adoption of domestic booster pumps is expected to increase at a CAGR of 7.2% during the forecast period. The domestic booster pumps market is anticipated to rise from US$ 2,860.1 million in 2023 to US$ 5,732.3 million in 2033. Various trends influencing the domestic booster pumps market include:
- Global population growth is causing a surge in residential construction, as well as an increase in water demand. Furthermore, an increase in urbanization and changes in lifestyles are driving the demand for domestic booster pumps.
- The expansion of the construction industry has resulted in high demand for efficient pumping solutions. Consumers are switching from traditional pumps to booster pumps in order to make operation and monitoring easier.
- The increase in research and development activities for the advancement of pump systems to save energy is driving market growth. Manufacturers are improving their production capabilities to meet the needs of users by developing plug-and-play booster pumps.
Despite the COVID-19 outbreak, which has resulted in the loss of essential services, domestic booster pump companies are still addressing emergencies to meet customer demands.
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Furthermore, research and development are taking on the responsibility of a crisis that necessitates a predetermined time for the collection of goods. Domestic booster pumps have a small environmental footprint and require little maintenance, which is anticipated to drive market growth over the forecast period.
Key Takeaways from Domestic Booster Pump Market Study
- Pumps with power ratings in this range are ideal for medium-sized buildings, so the 50-150 W segment is most likely to capture nearly one-third of global value.
- The growing commercialization and rapid development of high towers and skyscrapers have led the 1 bar segment to account for more than 2/5th of market value.
- Domestic booster pumps are commonly used in gardening sprinklers and pipes, accounting for roughly one-fifth of the total market value.
- Asia Pacific is one of the lucrative regions with a market share of 47%. The main driver of market expansion is projected to be the increased need for water management as a result of the rising population and rapid urbanization in nations like India, China, Indonesia, and Malaysia.
- The domestic booster pump market in the United States is expected to capture 16.2% of the market share by 2033 due to its mature construction industries.
- China is thriving at a CAGR of 8.6% from 2023 to 2033 due to its huge population base and highly fragmented residential sectors.
Competitive Landscape
Domestic booster pump vendors are investing in new product research and development and launching new, innovative domestic water pressure booster pumps to expand their market presence globally. The marketplace is highly competitive as a result of increased global competition, as the market is leading to lower technological costs.
Latest Developments
Grundfos, a leading name in advanced pump technology, announced the release of a new water pressure booster pump for residential use in August 2021. SCALA1 has a high-efficiency motor and is an energy-efficient solution for pressure boosting in residential settings.
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Key Segments Covered in the Domestic Booster Pumps Market Report
Domestic Booster Pumps Market by Rated Power:
- 10 – 50 W Domestic Booster Pumps
- 50 – 150 W Domestic Booster Pumps
- 150 – 300 W Domestic Booster Pumps
- Above 300 W Domestic Booster Pumps
Domestic Booster Pumps Market by Water Pressure:
- 5 Bar Domestic Booster Pumps
- 1 Bar Domestic Booster Pumps
- Above 1 Bar Domestic Booster Pumps
Domestic Booster Pumps Market by Application:
- Domestic Booster Pumps for Kitchens
- Domestic Booster Pumps for Bathrooms
- Domestic Booster Pumps for Water Heater Units
- Domestic Booster Pumps for Gardening Sprinklers & Pipes
Domestic Booster Pumps Market by Sales Channel:
- Online Sales of Domestic Booster Pumps
- Offline Sales of Domestic Booster Pumps
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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