The adoption of domestic booster pumps is expected to increase at a CAGR of 7.2% during the forecast period. The domestic booster pumps market size is anticipated to rise from USD 2,860.1 million in 2023 to USD 5,732.3 million in 2033.
Various Trends Influencing the Domestic Booster Pumps Market
The significant increase in global population is fueling water demand, which in turn increases demand for the domestic booster pump market. Energy efficiency is one of the most important factors influencing manufacturers in the domestic booster pump market to increase sales.
In response to the increased demand for efficient pumping solutions, traditional devices have given way to modernized devices that are simple to use and operate. Overall, energy-efficient products and solutions are high in demand, and the market for modernized booster pumps is significantly expanding.
The growing energy crisis and government regulations are driving pump manufacturers all over the world to create energy-efficient products and solutions.
Through the Intelligent Energy - Europe (IEE) program, the European Commission launched the Energy + Pumps project, which is expected to kickstart a market transition to new and highly energy-efficient pumps and technologies for small and medium-sized circulators in domestic heating systems.
Regions such as the Middle East and Africa, which lack a domestic manufacturing base for pump production, have emerged as attractive export destinations, with low-cost Indian and Chinese pump sets providing an advantage over their high-cost American and European counterparts.
Massive funds being allocated by governments in countries such as India to industrialization and urbanization projects are expected to create huge opportunities for the pumps and booster pumps industry in the near future.
| Attribute | Details |
|---|---|
| Domestic Booster Pumps Market Estimated Size (2023) | USD 2,860.1 million |
| Domestic Booster Pumps Market CAGR (2023 to 2033) | 7.2% |
| Domestic Booster Pumps Market Forecasted Size (2033) | USD 5,732.3 million |
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 6.1% |
| H1,2022 Projected (P) | 6.2 % |
| H1,2022 Outlook (O) | 5.8% |
| BPS Change: H1,2022 (O) - H1,2022 (P) | (-) 40 ↓ |
| BPS Change: H1,2022 (O) - H1,2021 (A) | (-) 30 ↓ |
FMI presents a half-yearly comparison analysis and key insights about the growth outlook of the domestic Bboster pumps market. The market is predominantly influenced by the increasing demand for the domestic water supply, the rising global population has created huge growth for the residential construction sector growth, and increasing urbanization & construction growth are a key drivers for the expansion of domestic booster pumps.
According to FMI analysis, the variation between the BPS values observed in the Domestic Booster Pumps market in H1, 2022 - Outlook over H1, 2022 Projected reflects a decrease of 40 units. However, compared to H1, 2021, the market is expected to decrease by 30 BPS in H1 -2022. Key reasons for this change in growth rate are attributed to the increasing life cycle cost of these pumps, due to maintenance & troubleshooting for technical issues, the life cost of these pumps increases which is impacting the demand growth of booster pumps in the global market.
Sales of residential domestic water booster pumps, domestic water booster pump systems, domestic booster sets, etc. are subsequently driven by the increase in residential complexes.Market potential for domestic booster pump equipment is expected to be greatly influenced by factors such as rising consumer awareness of energy efficiency and theincreased research and development for sustainable products, etc.
Domestic booster pump consumption has increased in recent years as the world's population has grown. Domestic booster pump sales recorded a 3.9% CAGR from 2018 to 2022, reaching a market value of USD 2,680.4 million in 2022.
The increasing global population, rising demand for domestic water supply management, growing water consumption, increasing high-rise residential complexes, and rapid urbanization are some of the key factors influencing domestic booster pump demand through 2033.
Over the forecast period, rising residential construction activity in East Asia and North America is expected to provide good opportunities for domestic booster pump manufacturers.
Domestic booster pumping system demand is expected to secure a 7.2% CAGR from 2023 to 2033.
Principal Consultant
Increasing Infrastructural Activity across the World Driving Domestic Pressure Booster Pump Sales.
Pumps for domestic water supply have seen a hike in demand due to increased urbanization across the globe and rising demand for better water management facilities. Residential infrastructural activity has substantially increased in recent years and is projected to follow a similar trend through 2030.
The increasing number of residential complexes subsequently drives sales of residential domestic water booster pumps, domestic water booster pump systems, domestic booster sets, etc.
Rising Demand for Energy-efficient Solutions.
Sustainability has been a prime area of focus in recent years and is expected to mainly influence the domestic booster pumps market potential over the coming years. Rising consumer awareness about energy efficiency, increasing research and development for sustainable products, etc., are anticipated to favor domestic booster pump equipment market potential.
Domestic water booster pump packages and domestic water booster pump systems are being equipped with VFD (variable frequency drive) technology to make them efficient and have a minimal environmental impact.
Reliability Issues Associated with Domestic Water Pressure Booster Pumps
Shipments of domestic booster pumps are expected to be constrained by the technical issues attributed to increase their overall operational costs in the use lifecycle.
Coagulation of pumps, air trapping, malfunctioning components, inadequate suction capacity, etc., are some key technical issues that restrain the adoption of domestic water booster pump packages and push users to adopt commercial booster pumps.
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What is the Future of Domestic Water Pressure Booster Pumps with High Power Ratings?
Demand for 300 W Pumps for Domestic Water Supply Increases
The construction of high-rise buildings has increased in recent years, impacting the demand for high-power pumps for domestic water supply. Pumps with rated power of 50 - 150 W are expected to be in high demand and capture a market share of around 29.7% during the forecast period because they are ideal for medium-sized buildings.
Domestic water pressure booster pumps rated at 300 W are expected to account for more than a third of the market by 2030.
A Commercial Segment to Capture around 70% of Market Share
In terms of revenue, the commercial segment dominated the market in 2022 and it is anticipated to dominate throughout the forecast period. Governments throughout the world are creating legislation to promote the use of renewable technologies in these applications because they offer great efficiency, pollution reduction, and robustness than conventional energy production methods.
Growth Prospect for the Industrial Segment Looks Promising
The industrial segment, on the other hand, is anticipated to be the opportunistic during the projected period. Due to its capacity to provide reliable and clean power, solar photovoltaic units are likely to be used for power generation in many businesses, which could increase the need for domestic booster pumps systems.
The United States to Capture a Commanding Share of 16.2% by 2033 due to its high spending potentials in the construction industry
The residential construction industry in the United States is highly profitable, and this is expected to provide a lucrative setting for domestic booster pump shipments through 2030. The rising investments by dealers and manufacturers in new projects, the presence of the leading business players, growing demand for effective booster pumps, and rapid urbanization and industrialization in the region's key countries are expected to propel the development of the booster pump market in United States.
The United Kingdom is expected to see significant growth of 5.9% in the domestic booster pump market due to highly advanced and energy-efficient pumps. The European Commission has launched a project called Energy+ Pumps through the Intelligent Energy - Europe (IEE) program me, which is expected to kickstart a market transition to new and high energy-efficient pumps and small and medium-sized circulator technologies in domestic heating systems. This provided an opportunity for the product to reach a broad base audience.
Rapid Urbanization to Boost Domestic Water Supply Pump Sales
India is the world's second-most populous country, making it a highly appealing market for domestic water pressure booster pumps. The country is experiencing rapid urbanization, which has created a lucrative market for residential infrastructure, which in turn influences sales of domestic water booster pump systems.
Domestic booster pump manufacturers can concentrate their efforts in India to discover untapped potential and increase their sales potential in order to increase revenue generation capacity.
Domestic booster pump manufacturers are focusing their efforts on research and development in order to produce booster pumps with novel features. In this vein, plug-and-play booster pumps have emerged as a profitable design, with an increasing number of players jumping on board to develop energy-efficient designs.
Organic growth strategies such as acquisitions and partnerships are more likely to continue to shape the domestic booster pump market's competitive landscape throughout the assessment period. Recent key development along these lines include:
Xylem
Overview: Xylem (XYL) is the world's large water technology company, dedicated to developing innovative technology solutions to global water issues. The Company's goods and services transfer, handle, evaluate, track, and return water to the environment in public utility, industrial, residential, and commercial building settings. The company is headquartered in New York, has a USD 5.25 billion revenue, and employs nearly 16,000 people. Xylem currently operates in 150 countries and offers a comprehensive portfolio of smart metering, network technologies, and advanced infrastructure analytics solutions for water, electric, and gas utilities.
Product Portfolio: The company's color concentrates product portfolio includes
Semi-Submersible Column Pump SPC12/4 Series: The product requires little maintenance and has a long lifespan. To suit the application, the product is available with plugs or leads. The item is intended for continuous use in chillers, vending machines, coolers, and other general water applications.
Important Advancement
Xylem introduced a new Flygt stainless steel submersible pump in July 2019, offering next-level customization and durability for all the tough industrial applications. The Flygt adaptive N-technology saves nearly 25% of energy.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.2% from 2022 to 2032 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | Rated Power, Water Pressure, Application, Sales Channel, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | 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; Luckpump Machiner Co. Ltd. |
| Customization & Pricing | Available upon Request |
Manufacturers focus on eco-friendly pumps with lower energy usage and fewer environmental effect.
Rapid infrastructure development, particularly in residential complexes.
Rising need for effective water supply solutions and awareness of water conservation.
The market is expected to reach USD 2,860.1 million by 2023 year.
The market is expected to register a CAGR of around 7.2%.
1. Executive Summary | Domestic 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 Rated Power 5.1. 10 – 50 W 5.2. 50 – 150 W 5.3. 150 – 300 W 5.4. Above 300 W 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Water Pressure 6.1. 0.5 Bar 6.2. 1 Bar 6.3. Above 1 Bar 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Kitchens 7.2. Bathrooms 7.3. Water Heater Units 7.4. Gardening Sprinklers & Pipes 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. Famac Ind de Maquinas Ltd. 16.3. ESPA 16.4. Pentair Plc. 16.5. Xylem Inc. 16.6. KSB AG 16.7. Zoeller Company 16.8. Franklin Electric 16.9. Honda India Power Limited 16.10. IMBIL 16.11. Lorentz 16.12. C.R.I Pumps Private Limited 17. Assumptions & Acronyms Used 18. Research Methodology
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Domestic Booster Pumps Market
