End Suction Single Stage Pump Market size was valued at USD 2.21 billion in 2023 and is likely to reach USD 4.66 billion by 2036, registering around 5.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of end suction single stage pump is estimated at USD 2.31 billion. The growth of the market can be attributed to the growing demand for pumps in agriculture sector, backed by shortage of water globally. Groundwater level is depleting rapidly across the globe, surging the need for artificial methods to extract water. According to the data by the World Health Organization (WHO), 3 out of every 10 people worldwide lack access to safe water. 2.1 billion people do not have access to readily available drinking water at home, while 844 million people do not have even a basic drinking water service. The various advantages of end suction single stage pump, such as, simple structure, stable performance, high speed, lighter weight, high efficiency, and ease to operate and repair, are estimated to boost the end suction single stage pump market growth.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
5.9% |
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Base Year Market Size (2023) |
USD 2.21 billion |
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Forecast Year Market Size (2036) |
USD 4.66 billion |
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Regional Scope |
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The market is segmented by application into pressure boosting, liquid transfer, ventilation, air-conditioning & heating, irrigation applications, and others, out of which, the irrigation applications segment is anticipated to hold the notable share in the global end suction single stage pump market over the forecast period owing to the growing demand for water for irrigation in agriculture sector. The shortage of water has deeply affected the agriculture practices, leading to surge in demand for pumps in the sector.
Our in-depth analysis of the global market includes the following segments:
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By Operation Type |
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By Application |
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By End-User
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On the basis of geographical analysis, the end suction single stage pump market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is set to account for largest revenue share by 2036, due to presence of large agriculture land, with a huge population engaged in farming. Moreover, the growing demand for water in middle-income countries, backed by water scarcity, is anticipated to propel the market growth. For instance, a report by Asia-Pacific Center for Security Studies (APCSS) stated that in China, over USD 11.2 billion loss is caused in industrial output each year due to water shortage. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the presence of major market players in the region, manufacturing the centrifugal pumps. Moreover, the efficient industrial infrastructure in the region supports the growth of the regional end suction single stage pump market.
July, 2021: KSB SE & Co. KGaA to donate domestic water supply systems and grey water pumps to flooded areas in Germany.
April, 2021: Ebara Corporation announced the acquisition of Vansan Makina, leading to the formation of VANSAN Water Technologies.
Author Credits: Dhruv Bhatia
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