The anticipated size of the end suction pump market in 2022 was USD 3.93 billion and is estimated to be USD 4.2 billion in 2023. The market for global end suction pump market is important with the rise in improvement in business and infrastructures worldwide. Further, demand for the end-suction market has hugely expanded with the modernization of agriculture and wastewater treatment in vegetation.
The rise in industrialization and urbanization with the rise in demand for high irrigation facilities from the rural sector in emerging countries brings growth in the end suction pump market. According to Future Market Research, the end suction pump market is anticipated to expand at a CAGR of 4.93% between 2023 and 2033, totaling around USD 6.8 billion by 2033.
Global end suction pump market registered year-on-year (YoY) growth of 3.5% in 2021 to a total of 4.3 million units. Demand for close coupled pumps grew by 3.6% to a total of 3.6 million units by the end of 2021. Steered by surging applications in commercial and industrial sectors alike, the sales of end suction pumps captured 3% of the global pumps market in 2021.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 3.93 billion |
| Projected Forecast Value (2023) | USD 4.2 billion |
| Projected Forecast Value (2033) | USD 6.8 billion |
| Growth rate | 4.93% CAGR |
| Forecast period | 2023 to 2033 |
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The global end suction pump market grew at a CAGR of 3.44% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 4.93% between 2023 and 2033.
Rapid industrialization has increased the demand for various production-related equipment. Driven by this, the end suction pumps market is estimated to rise at 4.6% CAGR between 2021 and 2031 in comparison to the 5.8% CAGR registered from 2016 to 2020.
Increasing construction of commercial spaces, including hotels, retail spaces, offices, and institutions have boosted the demand for end suction pumps because of their utility in water dosing, HVAC gas suction, and fire suppression applications. Moreover, continued demand for new installations is expected to aid the market growth over the coming years.
Leading manufacturing companies are focusing on expanding their sales and distribution footprint in untapped emerging markets based in South Asia, Latin America, and Africa to improve clientele base and key accounts management.
Some companies are collaborating directly with end users for turnkey projects via proposal bids. Additionally, key manufacturers are also looking forward to developing customer-specific custom-made products according to their needs backed with aftersales service.
East Asia & South Asia Pacific are identified as the high-potential market for end suction pumps owing to high demand in countries such as China, India, ASEAN, and others, which are experiencing notable growth in industrial & commercial construction sectors.
The domestic segment of the end suction pumps market is said to be considerably expanding in recent years attributable to the application of modern technology in cases for manufacturing and monitoring operations. Further, electronics and computers are estimated to have infiltration in every aspect of our lives, as variable speed drives (VSDs), SCADA systems, and condition monitoring equipment have necessarily entered the pumps industry.
In-line pumping units with integral VSDs are now dominating the domestic market where pump selection software has sped up its process of selections corresponding to the expansion in the marketing opportunities. Moreover, energy costs usually overcome other operational costs where several system improvements have frequently resulted in eloquent cost savings. Enaction of appropriate legislation is nearly impossible.
South Korea and China have been considered for setting up legislation to improve their efficiency even though improvements in pump efficiency relatively earn small returns for large investments. European Commission has targeted its goal of improving the efficiency of water pumps as part of its Energy Using Products Directive which substantially includes methods for the identification and elimination of poor performers.
Principal Consultant
Development of Manufacturing and Commercial Sector Helps in Expanding the United States Market
North America is predicted to remain one of the dominant growing markets during the forecast period with a growth rate at a CAGR of 28.9%. Future Market Insights anticipates that the United States is expected to be a notable market in North America with a market share of 48.9% and reaching a USD 992.4 million valuation.
United States’ highly developed manufacturing & commercial sector is one of the main factors supporting regional growth. Aside from this, the growing overall population, and increasing expenditures for the construction sector in the United States might drive growth in the market.
Advancements in Food and Beverage Industries Help the End Suction Pumps to Rise in Brazil
Latin America is considered to witness significant growth at a CAGR of 16.9% whereas Brazil is said to hold a leading position in this region with a market share of 40.1%.
Development of the food and beverage sector gives rise to water and wastewater treatment plants thus, by driving the need for end suction pumps.
High Focus on Innovation in Manufacturing Raises the Market
Germany is considered to be a leading country in Western Europe with a growth rate of 14.2% in Europe market in terms of consumption of end suction pumps. This market has been chiefly driven by the industrial sector where it is expected to account for over 20% share in Germany for end suction pump sales within Europe.
The nation is home to tier-1 OEMs and is established as a leading production hub, of which, more than 65% of revenue sales have been sourced out of export markets. A high focus on innovation in manufacturing and other industries might create a conducive environment for sales of end suction pumps in Germany.
The industrialization has Led to a Rise in Sales of End Suction Pumps
Russia is considered to have the leading end suction pump manufacturers with a market share of 24.6% as they ensure to test all their products with several parameters before delivering them to their valuable clients where their pricing is not only competitive but also matches the best with the industry.
China is Considered to be a Hub for Global Manufacturing
Demand in the China end suction pumps market is expected to rise at nearly 5.1% CAGR over the forecast period. China is a global manufacturing hub hence it exhibits high demand for various industrial equipment, including end suction pumps.
China is recognized as a primary market, and it is expected to continue experiencing high demand through the forecast period. Moreover, rising research activities, the presence of several key players, and the expansion of the industrial sector are creating attractive opportunities for end suction pumps sales in the country.
Reasonable Costs for the End Suction Pumps in India Market
End suction pumps in India are considered to be an excellent choice for handling a variety of fluids with several viscidities as used in multiple industries. Such pumps have a simple yet reliable design which makes India market expand at a CAGR of 8.9%
Construction of Buildings Gives a Rise to the Australian End Suction Pump Market
Growth in the construction of buildings in this sector might automatically increase the demand for pumps, thereby driving the need for end suction pumps with a CAGR of 7.98%. Commercial and residential buildings are on the verge of developing end suction pumps that are inevitable during and after the construction of buildings.
Demand for Close Coupled End Suction Pumps Rising is Mostly in Demand
The close coupled pump is the leading category where it has been forecasted to account for nearly 56% of the global market share during the forecast period. The reason behind such excessive demand is that close-coupled pumps are highly preferred for low-power applications as these pumps are cost-effective and have compact designs.
Upto 100 GPM Pumps might Dominate the Market
Upto 100 GPM pumps are expected to hold a high market share in the end-suction pumps market and are expected to reach a market value of USD 1.6 billion by 2031.
The primary reason behind the high demand in this category is their rising applications in commercial and industrial sectors expanding at a CAGR of 5.3%
Industrial Segment is said to Increase the Demand in the Market
The industrial segment is expected to hold 58% of the share of the market during the forecast period. Increasing application in chemical, automotive production, food & beverage, and other manufacturing sectors are the factors that might result in high demand for end suction pumps.
The share of application concerning end suction pumps has been found to differ in key markets of the United States, East Asia, and Europe. The following chart presents the elucidated view of the application share concerning key markets. Moreover, the general manufacturing segment is considered a mass category, as it holds a dominant position in terms of demand across all key regions.
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Some of the Prominent Players Working in the Global Market
In March 2023, Xylem Inc. with the HART variant, added a new component in the comprehensive IQ Sensor Net measuring system where the standardized DIQ/S 281-HART interface was used particularly in projects where data transmission via HART protocol was required for single parameter measuring points.
In March 2023, Xylem Inc. introduced PC software for the spectrophotometers photoLab® 7100 VIS and photoLab® 7600 UV-VIS with a new face, after the company provided the photoLab® color Data spectral.
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 4.93% from 2023 to 2033 |
| Market value in 2023 | USD 4.2 billion |
| Market value in 2033 | USD 6.8 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Country, By Type, By Flow Rate, By Application |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Europe, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, Rest of Asia Pacific, GCC countries, South Africa, Israel, Rest of the Middle East and Africa |
| Key Companies Profiled | Grundfos; Sulzer Ltd.; Xylem Inc.; KSB AG; Flowserve Corporation; Ebara Corporation; Kubota Corporation; Ruhrpumpen Group; Kirloskar Brothers Ltd.; WILO SE; DESMI A/S; Pentair; Torishima Pump Manufacturing Co., Ltd |
| Customisation Scope | Available on Request |
The market is projected to expand at a CAGR of 4.93% through 2033.
The market is estimated to be USD 4.2 billion in 2023.
Rise in urbanization and development in agricultural and residential sectors.
Close coupled pumps are leading with a market share of around 56%.
The industrial segment, including chemicals, automotive, and food & beverage sectors, drives demand.
1. Executive Summary 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 Type 5.1. Close Coupled Pump 5.2. Separately Coupled Pump 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flow Rate 6.1. Upto 100 GPM 6.2. 100 to 300 GPM 6.3. 300 to 500 GPM 6.4. 500 to 1,300 GPM 6.5. 1,500 to 5,000 GPM 6.6. Above 5,000 GPM 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Commercial 7.1.1. Hotels 7.1.2. Swimming Pool 7.1.3. Retail Space 7.1.4. Office & Institution 7.2. Industrial 7.2.1. Food & Beverages 7.2.2. Chemicals 7.2.3. Mining & Metals 7.2.4. Power Generation 7.2.5. General Manufacturing 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 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. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Grundfos 18.2. Sulzer Ltd. 18.3. Xylem Inc. 18.4. KSB AG 18.5. Flowserve Corporation 18.6. Ebara Corporation 18.7. Kubota Corporation 18.8. Ruhrpumpen Group 18.9. Kirloskar Brothers Ltd. 18.10. WILO SE 18.11. DESMI A/S 18.12. Pentair 18.13. Torishima Pump Manufacturing Co., Ltd 19. Assumptions & Acronyms Used 20. Research Methodology
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End Suction Pump Market
