End of suction pump market
End of the suction pump market to achieve an appreciation of $4.20 billion in 2023. Based on FMI’s research results, the market is expected to grow by 4.93% CAGR from 2023 to 2033 and is expected to represent a value $6.80 billion by the end of 2033.
Vertical construction is witnessing tremendous growth as it is expected to take the end suction pump market to a new high. It is linked with various vertical industries to efficiently transport the bulk volumes of fluids and deliver them to an optimum and powerful head, and to help in controlling the flow rates to fluids.
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Key conclusions from the market research
- The end suction pump market sales grew at a compound annual growth rate (CAGR) of 3.44% from 2018 to 2022.
- The growth rate of the Indian end suction pump market is expected to increase with a share of 8.9%.
- The global end suction pump market recorded a year-on-year (YoY) growth of 3.5% in 2021
- The end suction pump market is expected to grow at a CAGR of 4.6% between 2021 and 2031, compared to 5.8% CAGR recorded between 2016 and 2020.
- North America is expected to remain one of the key growth markets during the forecast period, with a growth rate of 28.9%.
- The United States is expected to be the largest market in North America, with a market share of 48.9%.
- Latin America is expected to grow by 16.9% at a compound annual growth rate (CAGR).
- Brazil reportedly holds a leading position in this region with a market share of 40.1%.
- Germany is considered the leading country in Western Europe with a growth rate of 14.2%.
- Russia is considered the leading market for suction pump manufacturers with a market share of 24.6%
- The demand in the China end suction pump market is expected to grow at nearly 5.1% CAGR during the forecast period.
- The end suction pump market in India is growing at a compound annual growth rate (CAGR) of 8.9%.
- The growth of the construction sector in Australia can increase the demand for end suction pumps with a compound annual growth rate (CAGR) of 7.98%.
- The demand for close-coupled end suction pumps is increasing, mainly due to demand.
- The coupled pumps category is the most important and is expected to hold a global market share of almost 56% during the forecast period.
- Pumps up to 100 GPM are said to dominate the market.
- Pumps up to 100 GPM are expanding at a compound annual growth rate (CAGR) of 5.3%.
- It is said that the industrial segment will increase the demand in the market.
- The industrial segment is expected to reach a market share of 58% between 2023 and 2033.
Technological advancements are driving the end suction pump market and its sales are a major key in the end suction pump market, according to an analyst at Future Market Insights.
Major development of key players in the market
- In December 2022, Xylem Inc. introduced stationary samplers that can be installed at any measuring point. PB-S guaranteed stable sampling by self-sufficient cooling or heating where it was clear, and had a simple operating structure and equally easy programming to make the application a breeze. Stationary samplers an enormous accuracy with a single sample volume with a vacuum system that is easy to maintain due to the separate division of the control and sample space. Robust stainless steel housing, in the samplers, is particularly resistant and can take all important samples
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Key players
- Grundfos
- Sulzer Ltd.
- Xylem Inc.
- KSB AG
- Flowserve Corporation
- Ebara Corporation
- Kubota Corporation
- Ruhrpompen Group
- Kirloskar Brothers Ltd.
- WILO BE
- DESMI A/S
- Pentair
- Torishima Pump Manufacturing Co., Ltd.
Main segmentations
By type:
- Close coupled pump
- Separately coupled pump
On current speed:
- Up to 100 GPM
- 100 to 300 GPM
- 300 to 500 GPM
- 500 to 1,300 GPM
- 1,500 to 5,000 GPM
- Above 5,000 GPM
On request:
- Advertisement
- Hotels
- Swimming pool
- Retail space
- Office & Institution
- Industrial
- Eat Drink
- Chemicals
- Mining & Metals
- Power generation
- General production
Per region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award recipient, and member of the Greater New York Chamber of Commerce) provides deep insights into the drivers that are driving demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food & Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a large team of 400 analysts worldwide, FMI offers global, regional, and local expertise across a variety of domains and industry trends in more than 110 countries.
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