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The global booster pump market size was valued at $2,338.9 million in 2021, and is projected to reach $3,715.3 million by 2031, registering a CAGR of 4.6% from 2022 to 2031. Booster pumps are available in the market with varying stages of operation such as single stage and multistage. Often, booster pumps are used by industries that are large and very complex, and by using pressure generation technology, booster pumps can reduce the operational and maintenance cost of complex pumping system. 2031. Booster pumps are advanced versions of ordinary pumps that incorporate advanced technologies that enhance operational efficiency and offer features, such as high-pressure flow.
Industrialization plays a vital role in the development of an economy; therefore, government across the world are formulating policies for the development of domestic industries. Countries such as India, China, Vietnam, Indonesia, Brazil and others have various programs and initiatives to support the development of the domestic industries. For instance, in 2020, government of India unveiled Production Linked Incentive (PLI) scheme, to encourage domestic production of goods. Furthermore, in March 2022, Vietnam commenced construction of two industrial zones. Both of the zones spread over an area of more than 10 sq km. This is expected to attract foreign investment in both high-tech and labor-intensive industries. sectors such as petrochemical, chemicals, and other such industries, have also witnessed a notable rise. Such factors are positively influencing the booster pump market growth, as manufacturing industries are among the major users of booster pumps.
The exponential rise in the global population is leading to the increased the volume of sewage generation in the world. Sewage, commonly known as wastewater, contains significant amounts of dangerous chemicals, toxic substances and the debris. This is a major contributor of the water pollution. Countries across the world, especially the developed countries have established various wastewater treatment facilities; thus, on average, developed countries treat about 70 per cent of the municipal and industrial wastewater they generate. For instance, China plans to build or renovate 80,000 km of sewage collection pipeline networks and increase sewage treatment capacity by 20 million cubic meter/day between 2021-2025. Sewage treatment plants make significant use of booster pumps; thus, growth in sewage treatment industry is driving the growth of booster pump market.
Sewage treatment plants make significant use of booster pumps; thus, growth in sewage treatment industry is driving the growth of booster pump market. A booster pump is superior to the ordinary pump in many ways, such as in terms of energy efficiency, automation, controls, and monitoring. A booster pump incorporates advanced digital controls, sensors, and others, which enables the pump to regulate and control flow or pressure when required. The automatic controls of the booster pumps reduce the operation cost of the pumps; thereby, making it cost effective in the long run. Such factors are driving demand for booster pumps.
Booster pumps offer various advantages that makes it a viable and cost-effective option in the long run. However, the initial setup cost is significantly high. High cost of the booster pump discourages the managers and owners of the facilities from adopting the booster pumps. This factor restrains the growth of the booster pump market.
The demand for booster pumps decreased in the year 2020, owing to low demand from different regions due to lockdowns imposed by the government of many countries. The COVID-19 pandemic has hampered the production of booster pumps, mainly owing to prolonged lockdowns in major global countries. This has hampered the growth of the booster pumps market significantly during the pandemic. The major demand for booster pumps was previously noticed from giant manufacturing countries including the China, U.S., Germany, Italy, and the UK which was badly affected by the spread of coronavirus, thereby halting demand for booster pumps. Further re-initiation of manufacturing and construction industry at their full-scale capacities, helped the booster pump market to recover by end of 2021.
The advancement in technology is paving the way for the growth of many industries. Similarly, advancements in technology have also improved performance of the booster pumps. Thereby creating a major opportunity in emerging countries for growth of the booster pump market.
The market is segmented into Type, Application and Sales Type. By type, the market is divided into single stage and multistage. By application, the market is divided into household, agriculture, water & wastewater, industrial and other. By sales type, the market is divided into new sales and aftermarket. Region wise, the global booster pump market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
By type: The market is divided into single stage and multi stage. A single-stage centrifugal pump consists of one impeller rotating on a shaft within a pump casing which is designed to produce fluid flow when driven by a motor. A multi stage booster pump is a type of pump which contains two or more impellers which may be of the same or different types. Booster pumps can help improve the water situation in residential, commercial, and industrial use and work efficiently for each of them. They will help improve the water flow, supply, and pressure in each of these applications. In 2021, multi stage segment had the highest revenue in market share and is expected to exhibit highest CAGR during forecast period.
By application: The booster pump market is divided into household, agriculture, water & wastewater, industrial and other. Booster water pumps can also offer a variety of benefits when used commercially. When used in multistory buildings, it can help even out the pressure across each story. The first few stories of an apartment complex may have great water pressure while the top few floors have decent to poor pressure.
Farming industries and others that use an irrigation system can greatly benefit from booster pumps. If the irrigation system has poor water pressure, not only the working efficiency is lowered, but it’s a wastage time and money. Booster pumps can help increase the water pressure of the irrigation system and maintain a steady stream to water the crops. In 2021, industrial segment had the highest revenue in booster pump market share. Whereas water & wastewater segment is expected to exhibit highest CAGR during forecast period.
By sales type: The booster market is divided into new sales and aftermarket. New sales includes sales of new booster pump. Whereas aftermarket includes services as maintenance of booster pumps as well as replacement of damaged parts. Aftersales segment exhibits largest share in application segment in booster pump market during forecast period.
By region: The booster pump market forecast is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific had the highest revenue in market share. Whereas, LAMEA is expected to exhibit highest CAGR during forecast period.
The major players profiled in the booster pump market include Alfred Kärcher SE & Co. KG, Aquatec International, Inc., Dab Pumps Spa, Davey Water, Franklin Electric, Pentair, Smith & Loveless, Witte Pumps & Technology GmbH, Xylem and Zodiac Pool Systems LLC. Major companies in the market have adopted acquisition, partnership, product and business expansion as their key developmental strategies to offer better products and services to customers in the market.
Some examples of product launch in the market
July 2019, Xylem launched a new product, Flygt N3069 stainless steel single stage booster pump, which is made for industrial procedures with high chloride levels or extreme pH values, and it aids in corrosion resistance. Such instances drive the booster pump market.
In January 2021, Dab Pumps Spa launched a new booster pump that was specifically designed for boosting the flow of water for irrigation and water management application. Such strategies will further boost the market during the forecast period.
In August 2021, Grundfos India announced the launch of SCALA1, an all-in-one pressure booster with high-efficiency motor and hydraulics with low noise operation. The company said SCALA1 is a fully integrated, all-in-one, self-priming pump designed for optimal pressure boosting and claimed that it is the ideal solution to transform domestic water boosting. It is compact, lightweight and comes with a plug and play system that does not require skilled manpower to install.
Business expansion and partnership in the market
In August 2022, Xylem announced to establish new manufacturing plant in Saudi Arabia, which will be operational by the end of 2022. Such strategies will lead to the growth of booster pump market during the forecast period.
In November 2021, The new facility, which will be run by Grundfos Pumps India Pvt Ltd (Grundfos India), will supply stainless steel products, boosters and box products to India’s western and northern regions.
In June 2021, Leading pump manufacturing company Kirloskar Brothers Limited (KBL) has set up a new manufacturing division in Maharashtra, India for high-end technology products, primarily used for nuclear applications.
In July 2020, CIRCOR Weihai currently manufacturer of booster, centrifugal and three-screw positive displacement pumps for the industrial and commercial marine markets announced to build a new manufacturing facility in the city of Weihai in Shandong province. The new facility will enable CIRCOR to expand its footprint to better support customers in Asia with a robust portfolio of established flow control technologies.
Investment in the market
In June 2022, Edwards, part of the Atlas Copco Group, inaugurated a new manufacturing facility for vacuum and booster pumps used in the global manufacture of oi; & gas. The factory is situated in Asan City, in Chungcheongnam-do province, South Korea. Such strategies will lead to the growth of booster pump market during the forecast period.
In November 2022, Edwards, the leading supplier of vacuum and abatement products, services and solutions for the global semiconductor industry, is to strengthen its presence in the US with a new manufacturing facility in Western New York. The new site, dedicated to state-of-the-art booster pump manufacturing, will be in the Western New York Science and Technology Advanced Manufacturing Park, in Genesee County, New York.
In October 2022, HHV Pumps sets up 52,000 sq-ft manufacturing facility at Bengaluru. This new facility set up at an initial investment of $2,5 million, was inaugurated.
Key Market Segments
Key Market Players