Horizontal Multistage Pumps Market size was over USD 844.3 million in 2023 and is projected to exceed USD 1.27 billion by 2036, growing at over 3.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of horizontal multistage pumps is assessed at USD 865.91 million. The growth of the market can be attributed to the increasing demand for compact pumps amongst residential and commercial end-users. Horizontal multistage pumps are ideal for use as a part of larger pumps to improve efficiency and reduce operational cost. Moreover, multistage pumps are cheaper, require lesser maintenance, and have longer life. Such advantageous features of horizontal multistage pumps are estimated to drive the market growth. Furthermore, the growing government awareness regarding the treatment of waste water is estimated to boost the market growth, as horizontal multistage pumps are perfect for water treatment plants. According to a report by UN Water, 80% of wastewater is released to the environment without adequate treatment, and 1.8 billion people use surface water for drinking which can be contaminated. The various government initiatives to resolve water scarcity issues, is further estimated to fuel the market development. Along with this, the growing application of horizontal multistage pumps in water treatment plants, and sewage transportation, is anticipated to boost the market growth. Furthermore, the demand for high-performance, small, and energy-efficient multistage pumps is rising in agriculture sector as well, which is expected to generate growth opportunities for the market.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
3.2% |
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Base Year Market Size (2023) |
USD 844.3 million |
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Forecast Year Market Size (2036) |
USD 1.27 billion |
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Regional Scope |
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The market is segmented by application into municipal water supply, irrigation, general industrial services, water treatment, and others, out of which, the municipal water supply segment is anticipated to hold the notable share in the global horizontal multistage pumps market over the forecast period. The growing need to horizontally pump water through pipes is estimated to boost the segment growth. Moreover, water supply is an essential service, which cannot be overlooked, leading to a high demand for various substitute pumps in case of emergencies, which is projected to encourage the segment growth.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By Material |
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By End-User |
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On the basis of geographical analysis, the global horizontal multistage pumps 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 estimated to hold largest revenue share by 2036, backed by growing demand for water pumps for irrigation, waste water treatment, and other applications. The high population in the APAC region is estimated to play a crucial role in the growth of the market. Moreover, the growing water scarcity in the region, is further estimated to boost the market growth. According to the data by the UNESCO, two-thirds of the global population live under water scarcity for at least one month per year, out of which, about 50% of these people live in China and India. The market in the Middle East and Africa region is anticipated to gain a modest market share throughout the forecast period owing to the shortage of water in majority parts in the region.
October, 2021: Xylem, the global water technology company to join hands with Pep Guardiola to address water scarcity, by enabling their customers to optimize water and resource management.
September, 2021: Grundfos, a global leader in advanced pump solutions and water technologies, announced the complete acquisition of Mechanical Equipment Company, Inc. (MECO), to strengthen its position in the global water treatment market.
Author Credits: Dhruv Bhatia
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