Booster Pump Market Expected to Reach $3.7 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Booster Pump Market," The Booster Pump Market Size was valued at $2.3 billion in 2021, and is estimated to reach $3.7 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031. A booster pump helps increase the pressure and volume of liquid that flows through the system. A booster pump is a device that increases low  pressure and flow rate of the fluid  to a desired level.

Growth in manufacturing sector fosters the growth of the booster pump market. Countries such as India, China, Vietnam, Indonesia, Brazil and others have various programs and initiatives to support the development of the domestic industries. 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. Moreover, construction of sewage treatment plants has significantly grown around the world. Sewage treatment plants make significant use of booster pumps; thus, growth in sewage treatment industry is driving the growth of the booster pump industry.

However, high cost of the booster pumps owing to its high operating capacity acts as restraint to the booster pump market growth. In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

In the contrary, advancements in technology have also improved performance of the booster pumps. Companies are offering various capacity of operation for the pumps to perform better, as well as to provide enhanced controls to the operators. This will further lead to growth the booster pump market share during the forecast period.

The market is segmented on the basis of type, application, sales type and region. 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).

Competition Analysis

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.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging global booster pump market trends and dynamics. 
• Depending on type, the technically advanced segment was the largest revenue generator in 2021.
• By type, the multi stage segment generated the highest revenue in 2021.
• Based on application, the industrial segment dominated the market in 2021.
• Based on sales type, the aftermarket segment dominated the market in 2021.
• Region wise, Asia-Pacific dominated the market in 2021. And LAMEA anticipated to exhibit the highest CAGR in the global booster pump market throughout the study period.
• The global booster pump market forecast analysis from 2022 to 2031 is included in the report.