The global booster pump market survey by Allied Market Research indicates that the industry is predicted to reach a value of $3,715.3 million by 2031, registering an outstanding CAGR of 4.6% throughout the forecast period. The market was estimated at $2,338.9 million in 2021.
The report provides quantitative and qualitative analyses of the market, encompassing market size, share, and projections, along with insights into industry dynamics, potential investment opportunities, regional analysis, and the competitive landscape. This analytical report is a useful resource for top industry players, stakeholders, investors, and new competitors, offering essential market information and highlighting key areas for improvement to facilitate sustained growth.
Booster Pump Industry Overview
Key Innovations Shaping the Future of the Industry
Energy-efficient booster pumps
The demand for energy-efficient booster pumps has increased due to rise in energy costs and a shift toward sustainable practices. Companies are focusing on producing these pumps to consume less energy while improving performance. Modern booster pumps feature integrated variable speed drives (VSDs), which enable them to adjust their operational speed based on the energy required, thus saving energy and extending the lifespan of the pumps. For example, Grundfos, a global leader in pump solutions, launched its domestic booster pump SCALA2 in 2023, featuring integrated variable speed technology. This pump optimizes water pressure in residential buildings and substantially decreases energy usage while maintaining performance. Grundfos claims that SCALA2 is able to save up to 50% of energy compared to traditional fixed-speed pumps.
Integration of digital technology for performance monitoring
Another advancement involves the adoption of IoT technology and digital sensors in booster pumps. These pumps now have remote monitoring and predictive maintenance capabilities, that permit real-time tracking of performance and early fault detection. This reduces downtime and improves efficiency. For instance, in 2024, Flowserve Corporation integrated advanced IoT technology into its Flowserve SENTRY booster pump series, giving users the ability to monitor the pumps remotely through cloud software. This development allows operators to track pump performance, pressure levels, and energy consumption in real-time, making it easier to detect potential issues before they cause failures.
Market News and Updates
The AMR study examines the latest market developments, providing brief descriptions of key innovations, new releases, and technological advancements, thereby facilitating informed decisions for long-term success. For example, in June 2022, Edwards, a subsidiary of the Atlas Copco Group, opened a new production plant in Asan City, South Korea. The factory produces booster pumps and vacuums for the global oil and gas industry. This move is expected to contribute to market growth in the coming years.
Another key development, in July 2020, when CIRCOR Weihai, a company that manufactures booster pumps, three screw positive displacement pumps, and centrifugal pumps for commercial or industrial marine usage, announced plans to build a new factory in Weihai, Shandong province. This new factory helped CIRCOR expand its business in Asia and better meet the needs of customers with its various flow control techniques.
Competitive Analysis
The research report provides an in-depth examination of the competitive dynamics in the global booster pump market, including detailed profiles of leading industry players. It also offers essential information about their strategic profiles, product offerings, geographical reach, and innovations. This thorough assessment helps businesses and stakeholders make the right investment choices and foster growth in the rapidly changing market landscape. Some notable companies outlined in the study include:
Aquatec International, Inc.
Xylem
Witte Pumps & Technology GmbH
Dab Pumps Spa
Alfred Kärcher SE & Co. KG
Davey Water Products
Smith & Loveless Inc.
Franklin Electric Co. Inc.
Pentair
Zodiac Pool Systems LLC
In essence, the AMR study about the global booster pump market gives complete details of the market, including key innovations, competitive analysis, and recent market updates. This thorough information and expert analysis help businesses, stakeholders, investors, and new competitors make smart decisions for growth, investments and discover new opportunities in this expanding sphere.