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Booster Pump Market: Global opportunity analysis and industry forecast, 2020-2027

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Jan 2021 | 31 Views
 
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COVID-19

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Booster pump is very important device which are widely used in industries as well as for household purpose. When the pressure of the fluid is low or not as per the expectations then the booster pumps are used. Booster pumps increases the pressure of the fluid. Booster pumps can also be used to increase the pressure of the gases also, but the construction of the booster pumps which are used for increasing the pressure of the gases is different. Booster pumps come in different types such as single stage pump and multi stage pump.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product type, Application, distribution channel and Region

  Companies covered

Major players analyzed include KSB SE & Co. KGaA, Grundfos Holding A/S, Alfred Karcher GmbH & Co. KG, WILO SE, Franklin Electric Co., Inc.,  Xylem Inc, kirloskar brothers Ltd, carver pump, Acqa group, Acqatex

 

Regions covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada and Mexico

Germany, France, UK, Italy, Spain and the Rest of Europe

China, Japan, India, South Korea and the Rest of Asia Pacific

Latin America, Middle East and Africa

 

COVID-19 scenario analysis:

  • The demand for booster pump is expected to decrease in the year 2020 due to low demand from different industries such as construction industry due to the lockdown imposed by government of many countries.
  • COVID-19 pandemic has shut-down the production of various products in the Booster pump industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of booster pump market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

Booster pumps provide the usage for different application. In the various retrofit and construction projects, booster pumps are used so as to increase the water pressure. By increasing the water pressure, upper floors are able to get the water with good flow. Many municipalities have made it compulsory to install the back flow prevention device (BFP) so that water contaminants from the buildings should not enter the public water supply and because of this water pressure becomes low. Hence, in such situation booster pumps are used to increase the water pressure.

The booster pumps which are used for the household purpose are similar to the centrifugal pumps which are electrically driven and a non-return valve is connected to it. These Booster pumps are designed such that it automatically switches on when the water pressure level falls below the desired pressure level which has been set. When the pressure of water reaches the desired level that has been set, the booster pump automatically gets switched off. Sometimes along with the booster pump, variable speed pumps can be used so that constant output pressure can be maintained.

The booster pump can also be used to increase the pressure of the gases. These are generally known as gas booster pumps. It consists of a piston and cylinder arrangement. Gas booster pumps come with single stage and single acting cylinder. The piston moves with a back and forth motion inside the cylinder.   

New product launch to flourish the market:

Many companies in booster pump market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In February 2019, Kirloskar Brothers Limited, a leading manufacturer of pumps and engines has launched the advanced pressure pump known as Kirloskar vertical Multi stage (KVM) pump. This pump is designed and developed to use in the reverse osmosis (RO) plants. This pump will be used in RO plants so as to pump the water at high pressure and for the delivery of drinkable safe water.

Key driving factor for the growth of booster pump market: 

The construction projects in different countries across the world are increasing. Proper supply of water to the top floors of the building is very important and for this purpose good quality booster pumps are required. This could be the key driving factor for the growth of booster pump market. 

The booster pumps consume less amount of power and these are very easy to install. In household applications, where the pressure of water is low, these pumps can easily be used. Hence, the demand for booster pump is expected to rise during the forecast period.

Key restraining factor for the growth of booster pump market: 

Sometimes, there could be some fault in the booster pump which had occurred during the manufacturing of the pump. If that faulty pump is fitted, there is possibility of the water loss. This could restrain some people from using the booster pump.

 

Key segments covered:

Segments

Sub-segments

  Product type

 

  • Single Stage pump
  • Multiple Stage pump

  Application

 

  • Residential Homes and Flats
  • Guest houses or farm houses

 

  Distribution channel

 

  • Direct sales
  • Online platform
  • Dealer

 

Key benefits of the report:

  • This study presents the analytical depiction of the booster pump market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed booster pump market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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