Booster Pump Market Size, Share & Trend Analysis, By Type, By Rated Power, By Technology, By Water Pressure, By Application, By Sales Channel, By Geography Competitive Tactics, and Segment Forecast to 2030
Mechanics & Equipment
Reports and Insights
Booster Pump Market: Introduction
According to Reports and Insights analysis, the global booster pump market is estimated to be US$ 2,316.7 Mn in 2022. Furthermore, the booster pump market to register a CAGR of 4.4% which is expected to result in a market forecast value for 2030 of US$ 3,262.3 Mn.
The Reports and Insights team has drafted a market research report on the booster pump market to identify the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for the booster pump market. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players of the booster pump market.
A booster pump is a type of pump that is used to increase water pressure in a plumbing system. It is designed to boost water flow from a low-pressure source to a higher-pressure destination, such as from a well to a water tower or from a municipal water supply to a high-rise building.
Booster pumps have become increasingly popular in recent years due to their ability to improve water pressure and flow rates, making them a must-have for homes and businesses that require reliable and efficient water supply. They are also widely used in irrigation systems, industrial applications, and other situations where a reliable and steady water supply is critical.
Scope of the Report:
Market size available for the years
By Type, By Rated Power, By Technology, By Water Pressure, By Application, By Sales Channel and By Region
The U.S. & Canada
Brazil, Mexico, Argentina, & Rest of Latin America
China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific
The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe
North Africa, Egypt, & Rest of Africa
The Middle East
GCC Countries, Israel, & Rest of the Middle East
Grundfos, Famac Ind de Maquinas Ltd., ESPA, Pentair Plc., Xylem Inc., KSB AG, Zoeller Company, Franklin Electric, Honda India Power Limited, IMBIL, Lorentz, C.R.I Pumps Private Limited, Vossche, WILO SE, SyncroFlo Inc., Davey Pumps Inc., Calpeda S.p.A, Hung Pump Group, Luck Pump Machinery Co. Ltd among others
Booster Pump Market: Dynamics
Rapid Surge in Population Worldwide
The rapid surge in population around the world is a primary driver for the booster pump market since it creates a higher demand for water, which leads to a need for increased water pressure and flow rates. As the population grows, the demand for water increases in both residential and commercial areas, and booster pumps become necessary to ensure an adequate water supply. In areas with high population density, the water distribution system becomes more complex, and it may be challenging to transport water to higher elevations or remote locations. Booster pumps can move water from a low-pressure source to a higher-pressure destination, such as from a well to a water tower or from a municipal water supply to a high-rise building. Owing to such factors, booster pumps are expected to witness massive demand in the forthcoming future.
Soaring Trend of Urbanization
Increasing urbanization is also a significant market driver for booster pumps as it creates a higher demand for water supply in buildings and infrastructure in urban areas. As cities and towns expand, the need for buildings and infrastructure, such as high-rise buildings, industrial facilities, and commercial complexes, also grows. These buildings require a reliable and efficient water supply, which is achieved through booster pumps.
In high-rise buildings, the water pressure on higher floors may be insufficient due to the force of gravity. Booster pumps can increase the water pressure and ensure that water reaches all feet at an adequate pressure and flow rate. In industrial facilities, booster pumps supply water for various processes and equipment, such as cooling systems, boilers, and manufacturing processes. Attributing to such factors, the global booster pump market is projected to rise considerably over the forecast period.
Booster Pump Market: Restraints
Substantial Initial & Maintenance Costs
The primary market restraint for booster pumps is the high initial cost of installation and maintenance. Booster pumps are more expensive to install and maintain than other types of pumps, which can be a barrier to entry for some customers. The cost of installing and maintaining booster pumps can limit market growth, as it may discourage potential customers from purchasing these products. This can lead to a slower rate of adoption, which may affect market analysis and growth projections.
Booster Pump Market: Opportunities
Growing Demand for Sustainable Water Supply Systems
One of the significant market opportunities for booster pumps is the increasing demand for energy-efficient and sustainable water supply systems. As awareness of environmental issues and energy consumption grows, there is a greater focus on reducing energy usage and carbon footprint in all industries, including water management. Booster pumps can contribute to energy-efficient and sustainable water supply systems by reducing water waste and optimizing water pressure and flow rates. Using booster pumps to maintain adequate water pressure wastes less water, and the energy required to transport water over long distances and elevations can be minimized. This presents a significant market opportunity for manufacturers and suppliers of booster pumps. By developing energy-efficient and sustainable models of booster pumps, they can tap into this growing market and increase market share. This opportunity can also increase market growth and expansion as more customers adopt energy-efficient and sustainable water supply systems.
Booster Pump Market Segmentation Outlook
These segments provide a detailed understanding of the market and help identify the growth opportunities in different regions and end-use industries. The market participants can use this information to design effective marketing strategies and target specific market segments to increase their market share.
The booster pump market is segmented based on type, rated power, technology, water pressure, application, sales channel, and region.
By Rated Power
10 – 50 W
50 – 150 W
150 – 300 W
Above 300 W
By Water Pressure
Above 1 Bar
Water Heater Units
Gardening Sprinklers & Pipes
Light Commercial Applications
By Sales Channel
Booster Pump Market Key Players
Some of the key participating players in the booster pump market are:
Famac Ind de Maquinas Ltd.
Honda India Power Limited
C.R.I Pumps Private Limited
Davey Pumps Inc.
Hung Pump Group
Luck Pump Machinery Co. Ltd
Booster Pump Market: Regional Analysis
North America is a mature market for booster pumps, with a high level of adoption across various industries, including residential, commercial, and industrial. The United States is North America's largest booster pump market, followed by Canada and Mexico. The increasing demand for water supply systems in urban areas, the growing population, and the need for efficient and sustainable water management systems drives the growth of the North American market. The market is highly competitive, with several established players and a few emerging players.
Europe is another mature market for booster pumps, with a high level of adoption across various industries, including water treatment, power generation, and industrial manufacturing. The market is dominated by Germany, the United Kingdom, and France, and it is expected to grow steadily over the forecast period. The increasing demand for water supply systems, stringent government regulations on water management, and the growing awareness of energy efficiency and sustainability drives the growth of the European market. The market is highly competitive, with several established players and a few emerging players.
The Asia Pacific region is the fastest-growing market for booster pumps, driven by the increasing demand for water supply systems in developing countries, such as China and India, and the rapid growth of the industrial sector in the region. The market is expected to grow significantly over the forecast period due to the increasing urbanization, population, and investment in water infrastructure projects. The market is highly fragmented, with several local and international players competing for market share. China and India are the largest markets for booster pumps in the Asia-Pacific region, followed by Japan, South Korea, and Australia.