Utility Pump Market Size, Share and Global Trend By Product Type (Gasoline Powered Pumps, Transfer Pumps,Submersible Pumps Others ), By Application (Removing Water, Removing Condensation, Boosting Water Pressure, Moving Large Amount of Water, Others) and Regional Forecast, 2024-2032

Utility Pumps are the portable pumps which can be used for various applications such as removing a large amount of water from waterlogged areas and water distribution. The upcoming constructions in different sectors require water to be stored and moved frequently to complete construction step by step. In the residential sector to tackle the problem of water scarcity, the water needs to be saved, which has seen the utility pumps installed in high numbers. The removal of waterlogged on the field in various sports fields in countries which receive heavy rainfall also require utility pumps to remove the water and make the field available to be used.

Utility pumps are also used in the oil and gas industry, foodservice and food processing mining and other industries. The utility pumps can run on gasoline, and in recent times to tackle the high cost associated with the electricity consumption by these pumps the solar-powered pumps have been introduced which reduce the spending on electricity consumption. The online distribution of utility pumps has further opened the door for the major and minor players to be able to reach out to more and more customers, which has increased the options for customers and has started a healthy competition in the market. 

To gain extensive insights into the market, Request for Customization

On the basis of its types, the global utility pump market can be segmented into gasoline-powered pumps, transfer pumps, submersible pumps, and others. Submersible pumps provide certain advantages such as higher efficiency by using the available water pressure, manual priming is avoided during start-ups, and these pumps are silent in operation as they work inside water. These advantages provided by submersible pumps has seen a rise in a number of submersible pumps installations in recent years.

Based on its applications, the global utility pump market can be segmented into removing water, remove condensation, boosting water pressure, moving a large amount of water and others. The application utility pumps in removing water and moving a large amount of water have been the main applications owing to a rise in agricultural and construction activities and governments target of supplying water to every house.

The major market driver for the global utility pump market is the increase in the number of agricultural and construction activities all around the world. The application of utility pumps in moving water in farming fields and tank cleaning and shuffling water storage in upcoming construction has increased the demand for utility pumps. Also, the application of utility pumps in tank cleaning in residential societies has been the driving factor for the utility pump market.

The Key Market restraint for the global utility pump market is the high cost associated with the maintenance of the utility pumps. The gaskets which form the central part of the pumps are prone to malfunctioning after continuous use in water in case of submersible pumps. The only solution to this is the replacement of gaskets, which increase the cost further. Also, the electricity consumption of pumps is high, which directly affects the billing. These factors can hamper the growth of the global utility pump market.

Key Players Covered

Some of the major companies that are present in the global utility pump market are Wayne, Zoeller, Aquapro, Beckson, BURCAM, Champion Power Equipment, Johnson Pump, Pondmaster, Neptune Systems, Superior Pump, Tsurumi Pump, The Basement Watchdog, Moyno, Everbilt, Eco-Flo Products, Scepter Consumer, and Countyline.

SEGMENTATION

Regional Analysis

The global utility pump market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has been the dominant region in the global utility pump market. Increased application in the oil and gas industry and mining industry in the USA and Canada has surged the growth of global utility pump market in the region. Asia Pacific region has also contributed to the growth of the global utility pump market by the increased number of constructions taking place in the region owing to urbanization mainly in countries like China, Japan, South Korea, and India. The increased agricultural activities and rise in a number of food processing industries in Europe have been the driving factor for the global utility pump markets. The expanding oil and gas industry in the Middle East and upcoming construction in Latin America are the factors affecting the growth of the global utility pump market in regions respective.

Key Industry Developments

• In July 2015, Kirloskar Brothers Limited announced about the acquisition of Netherland based Rodelta Pumps International was completed by its subsidiary The Kirloskar Pompen BV. Rodelta has been in the field of manufacturing of API and non API pumps for various applications like oil and gas, pulp and paper, water, chemical, etc.
• In June 2019, Milwaukee Tool unveiled its new products at symposium 2019 held at Wisconsin. The new products unveiled included M18 FORCE LOGIC 10000 PSI hydraulic pump which is smaller in size and lighter in weight and easy to install at the required site.
• In June 2019, International technology group ANDRITZ announced that it would be supplying 4 two-stage vertical pumps for water transport as a part of the Shanxi Xiaolangdi yellow river diversion project in China. These pumps will have a flow rate of 5 cubic meters per second over ahead of 236 meters with an efficiency of 91 percent.