U.S. Utility Pump Market Size, Share & COVID-19 Impact Analysis, By Type (Submersible Pump, Dewatering Pump, Transfer Pump, and Others), By Application (Removing Water, Moving Water, Removing Condensation, and Boosting Water Pressure), By End-user (Construction, Agriculture, Residential, and Others), and Forecast, 2022-2029

The U.S. utility pump market size was valued at USD 1.72 billion in 2021. The market is expected to grow from USD 1.77 billion in 2022 to USD 2.46 billion by 2029, exhibiting a CAGR of 4.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with utility pump experiencing lower-than-anticipated demand across the U.S. compared to pre-pandemic levels. Based on our analysis, the U.S. utility pump market exhibited a decline of -1.1% in 2020 as compared to 2019.

Utility pumps are multi-purpose for various day-to-day applications, including removing standing water, transferring water, draining aquariums, and dewatering wells and water beds. Important specifications for these pumps include maximum discharge flow, maximum discharge pressure, inlet size, discharge size, and media temperature.

COVID-19 IMPACT

COVID-19 Caused Delay in End-user Industry Projects which Affected the Pump Sale

The outbreak of the COVID-19 pandemic has disrupted the industrial sector across the country. To control the spread of the pandemic, the government imposed several restrictions, including travel ban, which further caused supply chain disruptions across various industrial verticals. The water transfer pump industry was highly impacted by the outbreak of COVID-19 as projects related to sewage and sewage treatment plants were put on hold. Construction projects were also halted. The new projects faced investment shortages due to the pandemic and infection spread in the country. The pandemic led to an increase in agricultural activities to overcome the demand across the country and export demand.

LATEST TRENDS

Growing Penetration of E-commerce Websites Creates Lucrative Opportunities for the Market

The traction for e-commerce websites is increasing widely worldwide. As internet and smartphone penetration increases, people access various products in remote and excluded areas. This factor enables people to purchase products from remote locations and manufacturers to sell them online. These pump suppliers can promote their products through different websites and increase sales. In contrast, consumers can access the product remotely and don't need to visit the suppliers. The online distribution of these pumps has brought several opportunities for pump companies and created a healthy environment among such players.

DRIVING FACTORS

Growing Agriculture and Construction Activities to Boost Market Growth

Agricultural activities are booming worldwide due to rising demand to reduce import dependency on other nations. The U.S. agriculture sector is constantly expanding, and investment is also growing in the agriculture sector. The country's export to China is increasing, and the U.S. is facing strong demand from Japan, Mexico, and other major trading partners. This factor increases the demand to shift toward advanced equipment and adopt advancements in the agriculture field. These pumps are highly in demand for the agricultural farm to remove waterlogging, for irrigation purposes, well dewatering, and others.

Due to the increase in investment, infrastructure development is rising across transport, water, renewable energy, and building projects. Thus, rising activities in the construction and agriculture sectors increase the demand for such pumps.

Rising Demand for Utility Pumps from Different Applications to Propel Market Growth 

These pumps are largely utilized for several applications, including removing and moving large amounts of water. These pumps are highly efficient and reliable for such applications. The demand for removing water from various farms and fields is also increasing worldwide. The government has set a target to provide water to every house, increasing the demand for these pumps for moving water worldwide.

Such pumps are also used in other industrial sectors such as food processing, mining, oil & gas, and HVAC. Also, the application of pumps in tank cleaning in residential societies is increasing widely and thus, leads to U.S. utility pump market growth.

RESTRAINING FACTORS

High Maintenance Costs Associated with the Utility Pump Industry May Hinder Market Growth

The market faces a major challenge due to the maintenance cost associated with different types of pumps. These pumps have gaskets that form the central part of these pumps. The gaskets are prone to damage after continuous water use, majorly in submersible pumps. Once damaged, these gaskets need to be replaced, adding to the maintenance cost. The high maintenance cost of these pumps acts as a growth hindering factor as it is difficult for small-scale end-users to afford such a high cost.

SEGMENTATION

By Type Analysis

Submersible Pump to Hold Largest U.S. Utility Pump Market Share Owing to High Demand from End-user Industries 

Based on type, the market is segmented into submersible pump, dewatering pump, transfer pump, and others. The submersible pump segment is estimated to lead the market during the forecast period. The demand for such pumps is widely increasing across the end-user industries, including municipal water transfer, oil & gas, sewage, food, and others. These pumps can be widely adopted as pond or deep well pumps for underwater activities.

The transfer pump segment is anticipated to witness growth during the forecast period. The demand for such types of pumps is increasing rapidly across the end-user industries owing to the large application of such pumps in several industries. Such pumps are highly efficient for small spaces.

By Application Analysis

Removing Water Segment to Hold Major Share during the Forecast Period due to High Suitability of Such Pumps

Based on application, the market is segmented into removing water, moving water, removing condensation, and boosting water pressure. These pumps are widely adopted for removing water applications as they are suitable for such applications due to their reliability and compact fit design. Various end-user industries, such as agriculture, construction, sewage, residential sump pits, and others, adopt such pumps for removing water logging, water beds, and excess water. The rising demand from such industries drives the removing water segment. 

The moving water segment is anticipated to grow significantly during the forecast period. The adoption of such pumps for water transfer is increasing rapidly across the country, owing to increasing demand from end-user industries. These pumps are more reliable and consume comparatively less energy thus, increasing the demand across this application.

By End-user Analysis

Agriculture Segment to Dominate the Market during the Forecast Period Owing to High Adoption of Utility Pumps

Based on end-user, the market is segmented into agriculture, construction, residential, and others. The agriculture segment held a major market share in 2021 and this segment is likely to dominate the market during the forecast period. The industry widely adopts utility pumps as they meet the requirements and are an efficient solution for the agriculture industry.

The construction segment is estimated to grow significantly during the forecast period. The adoption of utility pumps is high in this industry as they are used for removing water logging and removing excess water from the construction sites. During heavy rainfall, utility pumps are used for removing the water in construction sites.

KEY INDUSTRY PLAYERS

Key Players to Increase their Pump Reliability and Production Capabilities

The market is highly fragmented with numerous utility pump players. Each of the present companies in this market has a strong foothold in their base country and region. The market has a strong presence of local players across the U.S. The top players in the market are Pentair, Franklin Electric, Tsurumi Pump, Wayne, Xylem, Zoeller, and others. The companies are rapidly expanding their presence and products while working on enhancing production capabilities to enhance their market shares. Further, they are focusing on providing efficient products at cheaper rates.

LIST OF KEY COMPANIES PROFILED:

• Pentair (U.S.)


• Zoeller (U.S.)


• Wayne (U.S.)


• Xylem (U.S.)


• Franklin Electric (U.S.)


• Superior Pump (U.S.)


• Tsurumi Pump (Japan)


• Eco-Flo Products (U.S.)


• Neptune Systems (U.S.)


• Champion Power Equipment (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• May 2022– Pentair announced that the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy had acknowledged the company with the 2022 Energy Star Partner of the Year - Sustained Excellence Award. Pentair was the first pool equipment manufacturer to have an ENERGY STAR certified pool pump and has been recognized as an ENERGY STAR Partner of the Year since 2013.


• April 2022 – Shakti Pumps announced to get its maiden patent for a unidirectional solar water pump with grid-tied power generation capabilities. This pump ensures efficient performance by utilizing the panels to help feed extra power to the grid. Furthermore, this type limits the pump's discharge as per the water need and helps save water and electricity.


• September 2021– Kirloskar Brother Limited (KBL) announced the launch of its new series of borewell submersible pumps – NEO Series 4-inch. These pumps are versatile and designed to cater effectively to rural, community, and domestic water supply requirements, including the farming, buildings, and construction sectors.


• July 2021– Pentair introduced a versatile sump pump controller, which will reduce the threat of overflowing at home. These controllers are smart, connected devices that offer homeowners comfort and self-assurance by giving real-time pump alarms through the Pentair Home application and stimulating the sump pump after the water rises in the household during a weather event.


• March 2020– Franklin Electric announced the acquisition of CPS pump’s assets and product lines. The company has also acquired its current manufacturing process in Rossville, Tennessee. Franklin Electric will access various key products and expertise, including a full collection of split case, line shaft turbines, end suction, and ANSI-style pumps.

REPORT COVERAGE

The utility pump market research report highlights leading segments of the market in the U.S. to offer a better understanding to the user. Furthermore, the report provides insights into the latest industry trends and analyzes technologies deployed rapidly. It further highlights some growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the industry.

REPORT SCOPE & SEGMENTATION