Future Market Insights (FMI) predicts the global Domestic Booster Pumps Market will be US$ 4.63 billion by 2030, increasing at a 7.1% CAGR through 2030.
The research credits the market’s expansion to increased consumer awareness of the availability of energy-efficient solutions. Furthermore, the e-commerce industry’s growth is broadening the sales channel for household booster pumps.
“These pump are conveniently used to supply water to the lawns in residential sectors. Better investments in R&D activities to develop energy-efficient devices is likely to propel market growth in the future”
https://www.futuremarketinsights.com/reports/sample/rep-gb-12676
Having studied the impact of the COVID-19 pandemic, the report opines that the demand for residential pumps is expected to experience a downtrend during the pandemic, as the focus of both manufacturers and consumers shifts towards essential and emergency utilities.
Key Takeaways
- The 50-150 W segment will capture nearly 1/3rd of global value as pumps with a power rating in this range are ideal for medium-sized buildings.
- By water pressure, 1 bar segment is expected to account for over 2/5th of market value by the end of the forecast period.
- Domestic booster pumps find the majority of applications in gardening sprinklers and pipes, capturing around 2/5th of total market value.
- The offline sales segment will continue to channel the majority of revenue, while the online sales segment is poised to grow at an impressive rate.
- East Asia, led by China, is poised to hold the lion’s share in global market value, backed by the presence of a flourishing residential construction sector.
- North America and Europe will cumulatively account for a prominent market share, owing to the presence of major market players.
Who is Winning?
Domestic booster pumps manufacturers are directing their efforts towards the research and development activities to produce booster pumps with innovative features. On these lines, plug-and-play booster pumps have emerged as a lucrative design and an increasing number of players are jumping on to the bandwagon to develop energy-efficient designs.
Moreover, organic growth strategies such as acquisitions and partnerships will continue to shape the competitive landscape of the domestic booster pumps market through the assessment period. A few key developments in recent times on these lines include:
- In 2019, Franklin Electric Co., Inc. acquired 70% of the outstanding stock of Pluga Pumps and Motors Private Limited.
- In the same year, Grundfos Holding A/S entered a partnership with Siemens AG to focus on global water challenges and save energy with a focus on water and wastewater applications.
FMI’s report includes profiles of some of the most prominent names in the market including Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group, among others.
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Key Segments of Domestic Booster Pumps Industry Survey
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:
- 0.5 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
Domestic Booster Pumps Market by Region:
- North America Domestic Booster Pumps Market
- Latin America Domestic Booster Pumps Market
- Europe Domestic Booster Pumps Market
- East Asia Domestic Booster Pumps Market
- South Asia & Pacific Domestic Booster Pumps Market
- Middle East & Africa (MEA) Domestic Booster Pumps Market
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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