Residential Water Pumps Market Size, Share, Growth, And Industry Analysis, By Type (Sump Pumps, Utility Pumps, Pool Pumps, Sewage Pumps and Jet Pumps), By Application (Single-Family Home and Apartment), Regional Forecast To 2031

Updated On: 08 April 2024

Residential Water Pumps Market Report Overview

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The global residential water pumps market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

A domestic water pump is a device that transports water from one place to another. It is frequently used to provide drinking water, flush toilets, and irrigate gardens in houses and businesses. As the population grows, so does the demand for household water pump systems. Rising disposable income levels among consumers in developing countries are driving up spending on home goods such as residential water pumps market. The proliferation of online retail platforms offering a wide range of household water pump types at reasonable costs is assisting the market's growth. Consumers' growing awareness of energy-efficient and environmentally friendly household water pump systems is propelling this industry forward.

A diverse selection of pumps with high water output and minimal power usage. This range can be used for residential applications such as water transfer from an underground tank to an overhead tank, water suction, and water pressurizing for home use. The numerous types of pumps are classified according to their intended usage. Submersible pumps, centrifugal deep well jets, centrifugal shallow well jets, compressor pumps, a control panel, a heavy-duty regenerative self-priming pump, and an inline circulating pump are among them.

"COVID-19 Impact: Fluctuations in Water Flow During Pandemic to Hinder Market Growth"

Many buildings have been virtually vacant for months, and their water supplies have been largely idle. Because of this stagnation, water remains warm for longer periods of time and demand for water pumps has decreased. Because of the fluctuations in water flow, the disinfectants used to inhibit microbiological development degrade. According to Ameet Pinto, an assistant professor of civil and environmental engineering at Northeastern, as people progressively repopulate huge buildings for work, education, and other activities, the potential overgrowth of viruses in the water of those structures could put people at risk.

Latest Trends

"Variety Of End-Use Applications to Provide Opportunities for The Market"

Residential water pumps are utilized in a variety of end-use applications such as domestic drainage, fountain and pond circulation systems, and others that require continuous freshwater supply throughout the day without interruptions or delays. Submersible pumps are used in closed systems to transport fluids. They are suitable for both gravity and pressure flow applications. These pumps are typically used for groundwater recharge, sewage treatment, water and wastewater treatment plants, oil extraction and transportation facilities, and other similar industrial applications requiring high reliability and efficiency.

Residential Water Pumps Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into sump pumps, utility pumps, pool pumps, sewage pumps and jet pumps.

In terms of product, sump pumps is the largest segment.

• By Application Analysis

Based on application, the market can be divided into single-family home and apartment.

In terms of application, single-family home is the largest segment.

Driving Factors

"Garden Irrigation Application to Enhance Market Sales"

The garden irrigation application category dominated the residential water pumps market growth, accounting for more than 38% of worldwide sales. The increase can be ascribed to rising demand for higher-capacity domestic water pumps, as well as increased urban residential and commercial development in many nations. The family drainage application segment is predicted to increase significantly during the forecast period due to rising consumer hygiene awareness regarding frequent cleaning of domestic drains. Furthermore, government efforts such as the Swachh Bharat Mission are expected to drive product demand in this category throughout the projection period.

"Rapid Urbanization and Industrialization to Accelerate Market Growth"

A pressure pump is a mechanical device that uses pressure to transport liquids. It is usually utilized for transferring pressure from one place to another in the system, which can be a higher or lower pressure point. The most prevalent application of this device is in residences, where it is used to move water from wells, tanks, and other sources to other portions of the house with low water pressure (PWPs). Rapid urbanization and industrialization are increasing the number of new construction projects and, as a result, the need for residential water pumps.

Restraining Factors

"Higher Chances of Degradation of The Seals to Impede Market Expansion"

Submersible pump/motor assemblies, while normally reliable, have a single point of failure. If your submersible pump assembly fails, your family will be without water. Seals are used in submersible pumps. These seals may degrade over time. When the seal corrodes, water seeps into the submersible motor, causing it to shut down until the pump is repaired. The pump seal makes it difficult to access the submersible pump for repairs.

Residential Water Pumps Market Regional Insights

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"Asia Pacific to Dominate the Market Due to Rapid Urbanization"

Asia Pacific led the global residential water pumps market share and is predicted to do so again throughout the forecast period. Rapid urbanization in the region has resulted in a rise in demand for household water pumps. Furthermore, expanding population and living standards have increased regional need for water pumps. Product demand is likely to be driven by the rising building sector in India, as well as government programs such as the â€oeHousing For All†scheme. Furthermore, favorable regulatory regulations governing domestic infrastructure projects are expected to increase pump sales in Asia Pacific countries such as China and Japan over the next eight years.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Pentair (U.S.)
• Franklin Electric (U.S.)
• Xylem (U.S.)
• Zoeller (U.S,)
• Grundfos (Denmark)
• Liberty Pumps (U.S.)
• Hayward (U.S.)
• Wayne (U.S.)

Report Coverage

This research profiles a report on residential water pumps with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.