Sales revenue of the global commercial booster pumps market stands at USD 5,809 million in 2023 and is predicted to reach a valuation of USD 12,084.3 million by the end of 2033. Over the 2023 to 2033 forecast period, worldwide shipments of commercial booster pumps are estimated to increase at 7.6% CAGR.
In 2023, sales of commercial booster pumps accounted for 62% of the global booster pump market share. Commercial booster pumps for water are expected to see a substantial increase in demand owing to the rising use of water in multiple industrial applications.
Pumps with booster impellers improve the flow and pressure of water by increasing the pressure. Pumps with booster impellers have an inlet, outlet, motor, and pressure monitoring device inside. Through the inlet pipe, water passes through an impeller and is further pushed through an outlet by the impeller. This plays a vital role in building water pressure and enabling the faucet or showerhead to deliver high-pressure water.
It is the fast-growing world population that is driving the growth of the global commercial booster pump market. Increasing population density all over the world, including hills, planes, and deserts, is increasing the demand for a constant supply of water.
As a result of the growing demand for energy-efficient water pumps, the global commercial booster pump market is expected to grow and develop significantly throughout the forecast period.
It is the poor water supply facilities provided by local municipal corporations that further drive the global commercial booster pump market. The surge in water extraction from a single source and the emergence of technology are integrating highly advanced solutions into the market.
The global market is expected to grow during the forecast period due to increased industrialization and urbanization. The rapid industrialization of the world has created a need for advanced and multipurpose water pumps that offer intelligent pumping solutions, which has also created lucrative growth opportunities for the key players to penetrate the market and generate huge revenues.
| Attributes | Details |
|---|---|
| Commercial Booster Pumps Market Value (2023) | USD 5,809 million |
| Commercial Booster Pumps Market Expected Value (2033) | USD 12,084.3 million |
| Commercial Booster Pumps Market Projected CAGR (2023 to 2033) | 7.6% |
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The world population has substantially increased in recent years. Many countries have been experiencing a population boom which has led to a drastic surge in demand for potable water and usable water. This has led to an increase in demand for commercial water booster pumps across multiple industrial and domestic applications.
From 2018 to 2022, commercial booster pump sales rose at a CAGR of 4.4% and generated a revenue total of USD 5,270 million in 2022. An increasing population has also created a surge in agricultural activities and driven commercial irrigation booster pumps.
Rising urbanization, increasing population, growing demand for agricultural activities, increasing industrialization, rising water consumption, and rapid technological advancements are some prime factors that influence the commercial booster pump market potential.
Technological advancements while propelling the market are also expected to act as a restraining factor as well that could hinder commercial booster pump shipments over the forecast period. From 2023 to 2033, demand for commercial booster pumps is anticipated to rise at a high CAGR of 7.6%.
Short Term (2023 to 2026): An increase in market share by improving product offerings, expanding distribution channels, and increasing advertising and promotional activities may drive the market during the projected period.
Medium Term (2026 to 2029): During the mid-term period, the commercial booster pump market is likely to vary. Companies may aim to gain new customers such as manufacturing complexes, multi-story buildings, and high-rise facilities.
Long Term (2029 to 2033): In the long run, companies may aim to drive innovation by investing in research and development to create new products or improve existing ones. This could involve developing new materials, exploring new manufacturing techniques, or incorporating emerging technologies like IoT, AI, or data analytics.
| Historical CAGR | 4.4% |
|---|---|
| Historical Market Value (2022) | USD 5,270 million |
| Forecast CAGR | 7.6% |
The dynamics of the market for commercial booster pumps may be the subject of a comparison and review study, according to Future Market Insights. Some key aspects that affect the commercial booster pump market potential are rising urbanization rising population, increasing demand for agricultural activities, industrialization, rising water consumption, and swift technical improvements.
The main causes of the change in growth rate are related to the rapid development of technology, which is expected to have a significant impact on the demand for industrial water booster pump systems. Therefore, sizable commercial booster pump firms are concentrating on the introduction of new commercial water booster pumps.
Booster pumps are machines used to increase fluid pressure. They act like intermediaries between the fluid source and the fluid endpoints. Booster pumps deliver fluid to the endpoints at a desired pressure from the source.
They are also beneficial when a single pump is unable to achieve the appropriate service pressure while also preventing cavitation in other pumps in the system. It is beneficial to use booster pumps since they increase pressure and boost fluid supply, as well as cater to a variety of applications. It is small portable, and easy to install and maintain.
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Rising Demand for Corrosion-resistant Pumps to Propel Market Potential
Water pumps are in constant contact with water and the prolonged exposure to water causes the metal in pumps to corrode at an alarming rate this is a leading issue with numerous commercial booster pumps for water. Commercial booster pump companies are focusing on solving this issue by investing in research and development activities that may result in a corrosion-resistant commercial booster pump for water.
This is expected to be a key opportunity for several companies, and since the demand for such pumps is extremely high, it could open an untapped market that could change the course of the commercial booster pump industry through 2033.
FMI research survey on the commercial booster pumps market details regional assessment for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
The East Asia commercial booster pump market is anticipated to provide highly rewarding opportunities for commercial booster pump manufacturers over the forecast period. In 2023, the market in this region holds a significant market share of 22.4% in the global industry landscape. Increasing urbanization and rising population are expected to be the key factors governing market potential in this region.
Second, to East Asia, the commercial booster pumps market in Europe follows closely accounting for a market share of 21.6%. The presence of key commercial booster pump manufacturers is anticipated to be a key factor propelling market potential in this region. Germany is expected to be an advantageous market for the sales of commercial booster pump systems in this region.
The market for commercial booster pumps in South Asia and the Asia Pacific accounts for a market share of 17.2% in the global marketplace, and demand for industrial water pressure booster pumps is predicted to be high in this region.
The North American commercial booster pump market holds a massive market share of 19.2% in the global industry landscape. Demand in this region is expected to be widely propelled by nations such as Canada and the United States.
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Multi-stage Pumps Capture the Maximum Market Share
Based on pump type, the global commercial booster pumps market is segmented into single-stage pumps, seal-less & circulator pumps, multi-stage pumps, and submersible pumps. The multi-stage centrifugal pump is primarily used in applications requiring higher pressures and flow rates of up to 75,000 liters per minute.
As a result, multi-stage centrifugal pumps are ideal for applications that require substantial volumes of fluid to be pumped. This may result in a market share of 59.7% for multi-stage pumps shortly.
Offline Sales Channels to Dominant throughout the Forecast Period
The increasing inclination of consumers to personally inspect the product before making a purchase is what drives sales through offline channels. The lack of online sales channels for industrial water booster pumps is expected to act in favor of offline sales channels.
Online sales are expected to see a steady rise over the forecast period as the popularity of e-Commerce picks up pace owing to increasing digitization and rising technological proliferation across the world.
Increasing Demand from Smart Cities to Boost United States Market Potential
High technological proliferation is anticipated to influence demand for commercial water booster pumps in the United States. The increasing trend of the establishment of smart cities is expected to propel the demand for commercial water booster pumps. Commercial booster pump companies in this nation are broadly focusing on launching new commercial booster pumps for water.
| Region | North America |
|---|---|
| Country | United States |
| Market Share | 14.7% |
| Region | Europe |
|---|---|
| Country | Germany |
| Market Share | 4.6% |
| Region | Asia Pacific |
|---|---|
| Country | Australia |
| Market Share | 4.0% |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| Market Share | 8.8% |
Increasing Industrialization & High Agricultural Activity Boosting Sales of Commercial Booster Pump Systems
India is emerging as one of the very important industrial countries in the world and this is expected to boost demand for commercial water pressure booster pumps. Agriculture is a primary occupation in India and this is expected to drive sales of commercial irrigation booster pumps in the nation through 2033. Commercial booster pump manufacturers are focusing on launching new products to increase their revenue potential in India.
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 6.8% |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 9.0% |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 10.2% |
Prominent Players in the market are
Recent Development
Commercial booster pump vendors are focusing on expanding their product portfolio by launching new products and expanding their revenue potential.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; The Middle East and Africa; East Asia |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Türkiye |
| Key Segments Covered | Pump Type, Operating Pressure, End Use, Sales Channel, Region |
| Key Companies Profiled | Grundfos; Xylem Inc.; KSB AG; Flowserve Corporation; Sulzer Ltd.; WILO SE; Gorman Rupp Pump Company; ANDTRIZ Group; Danfoss; Pentair Plc.; Peerless Pump Company; CAT Pumps; ETEC; Zoeller Company; Franklin Electric; Luckpump Machiner Co. Ltd.; LEO Group; Mazzoni SRL; Vossche; Torishima Pump Mfg. Co. Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global commercial booster pump market is projected to reach a valuation of USD 12,084.3 million by 2033.
North America is likely to lead the commercial booster pump market.
The global market of commercial booster pumps is projected to record a CAGR of 7.6%.
The commercial booster pump market is expected to surpass a valuation of USD 5809 million in 2023.
Multi-stage pump type is popular in the commercial booster pump market.
1. Executive Summary | Commercial Booster Pumps Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Pump Type 5.1. Single-stage 5.2. Dual-stage 5.3. Multi-stage 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Operating Pressure 6.1. 0.5 – 1 Bar 6.2. 1 – 5 Bar 6.3. 5 – 10 Bar 6.4. 10 – 20 Bar 6.5. 20 – 25 Bar 6.6. 25 – 50 Bar 6.7. Above 50 Bar 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Municipal Water & Wastewater Management 7.2. Groundwater & Rainwater Harvesting 7.3. District Cooling & Heating 7.4. Commercial Buildings 7.5. Agriculture & Irrigation 7.6. Fire Control & Engineering 7.7. Industrial Processes 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Grundfos 16.2. Xylem Inc. 16.3. KSB AG 16.4. Flowserve Corporation 16.5. Sulzer Ltd. 16.6. WILO SE 16.7. Gorman Rupp Pump Company 16.8. ANDTRIZ Group 16.9. Danfoss 16.10. Pentair Plc. 16.11. Peerless Pump Company 16.12. Luckpump Machiner Co. Ltd. 16.13. Torishima Pump Mfg. Co. Ltd. 17. Assumptions & Acronyms Used 18. Research Methodology
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Commercial Booster Pumps Market
