Commercial Booster Pumps Market

Commercial Booster Pumps Market Size, Growth (2023 – 2028)

The Global Commercial Booster Pumps Market size was worth US$ 5.0 billion in 2022, and it is estimated to reach a valuation of US$ 6.9 billion by the end of 2028, expanding at an annual growth rate of 5.6% between 2023 and 2028.

Market Overview:

The commercial booster pump is machine which will increase the pressure of a fluid. A booster pumps acts like an intermediary between the fluid source and the end points. A booster pump takes fluid from the source and gets it to desired pressure at the endpoints. The booster pump is also beneficial in situations where a single pump is unable to supply the appropriate service pressure while also preventing cavitation in other pumps in the system. The benefits of using booster pumps are increase pressure and boost fluid supply, cater variety of applications. It is small in size, hence it is portable and easy to install and maintain.

The booster pumps is used in different application like Agriculture & Irrigation, Oil & Gas, Construction, Water Treatment, Mining Industry, Energy & Power Generation, and Chemical Industry and others etc.. The booster pump is highly used in irrigation, water supply and oil and gas. In North America region, Commercial booster pumps are highly used in oil and gas industry for flowing oil and gas in the pipelines. The rapid industrialization, urbanization and technological advancements in the booster pump as well as in the industries drive the growth of commercial booster pump in market in period between 2022 and 2027.

Recent Developments in Commercial Booster Pumps Industry:

• In April 2021, Pentair Inc (a leading service provider for water treatment and sustainable solutions) has announced its definite agreement to acquire the assets of ken’s beverage Inc in order to expand its commercial direct service network.
• In February 2021, a private equity firm AIP (American Industrial Partners) has acquired Ingersoll Rand’s majority interest in High pressure solutions (HPS segment for approximately $300m.

GLOBAL COMMERCIAL BOOSTER PUMPS MARKET REPORT COVERAGE:

Commercial Booster Pumps Market Drivers and Restraints:

The driving force of the Commercial Booster Pumps Market is the surging demand of booster pumps in almost every sector such as agriculture, water treatment and supply, automotive, oil and gas, chemical, mining etc. where the optimal flow of water is required for various processes.  The demand of water is increasing with increasing population of India and China, for meeting the growing water demand commercial booster pumps is increasing for supply and treatment of water. Several countries around the globe are investing on enhancing their infrastructure. Various activities like road construction, building construction, water supply, agriculture, and mining will increase in order to create strong infrastructure which will drive the growth of booster pumps as all these activities require proper water flow. The rapid industrialization and urbanization drives the demands corrosion resistant commercial booster pumps for maintaining safe and quality water flow for various purposes. Thus the demand of corrosion resistant booster pumps is increasing in the global commercial booster pump market.

With rapid industrial automation, key players are increasing their focus on automated booster pumps. These key players are offering booster pumps with live monitoring of the operational data and maximum equipment performance. With the growing technology the demand of automated booster pumps is also increasing in the market. A commercial booster pump is highly used in oil and gas industry for providing required pressure for flowing of oil and gas inside the pipelines. Multistage Submersible Booster pump is highly used in oil and gas industry. Thus the rapid industrialization, growing infrastructure and technological advancement drive the growth of the global booster pump market during the period between 2022 and 2027.

Technological improvements have aided the market's expansion, but they have also imposed some constraints. Booster pumps become obsolete over time as technology advances and become more readily available to end-users. Consumers are more informed about current events as a result of improved access to information. Given how quickly these devices become obsolete, some users may find it difficult to invest each time a new version is released. As a result, the market faces another challenge: expensive capital expenditure. Smaller businesses may find it challenging to stay up with technological advancements and changing market trends.

Global Commercial Booster Pumps Market Segmentation Analysis:

By Type:

• Single Stage Pumps
• Seal-less & Circulator Pump
• Multi Stage Pumps
• Submersible Pumps

Based on type, the Global Commercial Booster Pump Market is segmented into Single Stage Pumps, Seal-less & Circulator Pumps, Multi Stage Pumps, and Submersible Pumps. Multi-stage centrifugal pumps is highly used those applications where higher pressure is required. flow ranges between 20 to 75,000 liter per minute. Multi stage centrifugal pump is ideal for applications that require the pump to deal with large volumes. Owing to these factors, multistage booster pumps drives the growth of the market in near future.

By Pressure:

• 0.5 – 1 bar
• 1 – 5 bar
• 5 – 10 bar
• 10 – 20 bar
• 20 – 25 bar
• 25 – 50 bar
• Above 50 bar

Based on Pressure, the Global Commercial Pump Market is segmented into 0.5 – 1 bar, 1 – 5 bar, 5 – 10 bar, 10 – 20 bar, 20 – 25 bar,  25 – 50 bar, Above 50 bar. The commercial booster pumps is highly used in applications where 25-40 bar pressure required. Thus 25-40 pressure bar is dominating the global commercial booster pump market.

By End Users:

• Agriculture & Irrigation
• Oil & Gas
• Construction
• Water Treatment
• Mining Industry
• Energy & Power Generation
• Chemical Industry

Based on end-Users, the Global Commercial Pump Market is segmented into Agriculture & Irrigation, Oil & Gas, Construction, Water Treatment, Mining Industry, Energy & Power Generation, and Chemical Industry. A Booster pumps is playing a vital role in almost every sector for providing optimal pressure for flowing of the fluids. Irrigation, oil and gas and water treatment industry are dominating the booster pump market due to its significant use in these industries where pressurized fluid is required.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America is expected to continue its contribution as a largest market of commercial booster pump in forecast period as increasing construction activities. Commercial pumps have significant applications in construction sector. The increasing concept of green building in this region in order to minimize energy & resources consumption and green gas emission. The demand for more energy efficient commercial booster pumps is increasing in green buildings order to reduce carbon footprints in this region. With the increasing shale oil exploration and production activities in United States, drives the demand of commercial booster pump especially Electric Submersible Pump (ESP) which further will boost the growth of the market.

Asia-Pacific is expected to become the fast growing market of commercial booster pump due to growing infrastructure projects in this region. In order to meet the demand of clean and safe water in this region, the demand of booster pumps is also increasing in Water treatment and water supply sector. Water treatment industry need booster pumps in order to optimize the flow of water for treatment and supply process. The construction activities are increasing in countries like India and China which need a lot of water for that booster pumps are required. Thus, the demand of commercial booster pump is directly increasing with the increasing construction activities. Moreover, the rising focus of various government for smart city concept encourage them to invest on their country, which will lead to increase the demand of commercial booster pumps for supplying water on this region propels the growth of the market in forecasted period between 2022 and 2027.

Europe is expected to witness a moderate growth due to rising focus on strong infrastructure drives the growth of commercial booster pump in this market

Leading Company:

Pentair Inc. had the largest share of the world’s Commercial Booster Pumps in terms of sales revenue in 2018.

Covid-19 Impact on Commercial Booster Pumps Market: 

The ongoing pandemic has put a hollow mark in the global economy by affecting many economic activities to come to a halt. Several industries have struggling with various challenges in the area of supply chain, communication, production, import & export and currency fluctuations etc. This challenge has also caused significant impact in the commercial booster pump market. Many of the leading companies have announced the suspension due to decreased demand and ensure the safety of the personals. This has caused the demand of commercial booster pump to decline in 2020 which made manufacturers to adapt new production policies following pandemic safety preventives. However, the economy has started resuming; it is expecting that commercial booster pump market will sharply recover during this period.

Key Players in the Market:

Major key Players in the Global Commercial Booster Pumps Market are 

• Grundfos
• Aquatec International, Inc
• Dab Pumps S.p.A
• Eddy Pump Corporation
• Davey Water Products Pty. Ltd
• Franklin Electric Co., Inc.
• Kärcher International
• SyncroFlo Inc.
• Wilo SE
• Zodiac Pool Solutions
• Xylem
• Pentair Inc.