Domestic Pump Market Share, Growth and Demand Forecast Report, 2030

1. Global Domestic Pump Market To Generate Revenue Worth $3,832 Million in 2030 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. The global domestic pump market revenue stood at $2,912.9 million in 2020, and it is predicted to rise to $3,832.0 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will grow at a CAGR of 2.8% from 2021 to 2030 (forecast period). The surging construction activities in the residential sector, increasing number of high-rise buildings, where pumps are required for maintaining the water pressure till the upper storeys, depletion of groundwater, and rapid urbanization are the major factors fueling the growth of the market. As per the Our World in Data, the global population will surge to 8.2 billion and 8.6 billion by 2025 and 2030, respectively. The surge in the worldwide population would create burden on the existing water infrastructure, which supplies drinking and utility water. In addition, a large number of people are rapidly shifting from rural areas to cities and towns every year. As per the World Bank, the share of the urban population in the global population surged from 55.2% to 56.1% from 2018 to 2020. Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/domestic-pump- market/report-sample Owing to the rising urbanization rate, many governments across the world are focusing on improving the infrastructure, which would subsequently fuel the demand for domestic pumps, thereby causing the expansion of the domestic pump market. The rapid depletion of the groundwater level is another major domestic pump market growth driver. As per the Population Action International, nearly 2.8 billion people in as many as 48 countries are predicted to experience water scarcity by 2025. Furthermore, as per the United Nations, nearly 1.2 billion people or one-fifth of the worldwide population are residing in areas with water scarcity, while 500 million more people are rapidly approaching this situation. Moreover, another 1.6 billion people are experiencing economic water shortage situations, where they don’t have access to the proper infrastructure for obtaining potable and clean water. Depending on type, the domestic pump market is divided into submersible, self-priming, pressure booster, compressor, and centrifugal categories. Out of these, the centrifugal category contributed the highest revenue to the market in the past. This category is predicted to demonstrate the highest growth rate in the market in the coming years. This is ascribed to the large-scale usage, inexpensive nature, and excellent pumping efficiency of these pumps. Globally, the Asia- Pacific (APAC) region dominated the market in the past. This was because of the presence of a large population and surging number of ongoing housing projects for accommodating the soaring population in the region. Furthermore, the 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. abundant availability of power for operating these pumps is also driving the growth of the domestic pump market in the region. Hence, it can be said without any hesitation that the sales of domestic pumps will surge sharply in the coming years, mainly because of the rising requirement for potable and drinking water, on account of the soaring urban population and increasing construction and infrastructure development projects in several countries. Browse full report at: https://www.psmarketresearch.com/market- analysis/domestic-pump-market Domestic Pump Market Size Breakdown by Segments Based on Type Centrifugal Pump • oBy drive type Electric ▪ Submersible Pump • oBy drive type Electric ▪ oBy type Submersible borewell pump Submersible open-well pump Compressor Pump Self-Priming Pump Pressure Booster Pump Based on Application Groundwater Intake Wastewater Water Pressure Boosting Rainwater Harvesting Hot Water Recirculation Heating Geographical Analysis North America ▪ ▪ • • • • • • • • • • oU.S. oCanada Europe • 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4. oGermany oFrance oU.K. oItaly oSpain Asia-Pacific • oJapan oChina oIndia oAustralia oSouth Korea Latin America • oBrazil oMexico Middle East and Africa • oSaudi Arabia oSouth Africa 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. 5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

6. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 6 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved