What is Electric Water Pumps Market Scope?
An electric water pump is a machine that is used for transferring water through pipelines. They are one of the most important mechanical devices with end-user in several industries and households. The usage of electric water pumps are plenty, but they are primarily used to provide a continuous supply of water in industrial and commercial buildings, hospitals, houses, and other infrastructures. Electric water pumps find their usage in several household users including an in-house water fountain, gardening, and water coolers. It is also used to transfer various types of liquids like sewage water and industrial liquids.
The Electric Water Pumps market study is being classified by Type (Centrifugal Pump, Reciprocating Pump and Rotary Pump), by Application (Industrial, Household, Agricultural, Municipal and Others) and major geographies with country level break-up.
The electric water pump market is fragmented with the presence of a large number of big, small scale and regional players. The increasing trend of online shopping of electric pumps is further going to boost market expansion. Analysts at AMA predicts that Manufacturers from United States,Chinese and European will contribute to the maximum growth of Global Electric Water Pumps market throughout the predicted period.
Hitachi Automotive Systems Limited (Japan), Aisin Seiki (Japan), Continental AG (Germany), Rheinmetall Automotive (Germany), GMB Corporation (Japan), Gates Corporation (United States), AVID Technology Group Ltd (United States), Absolute Water Pumps (United States), Mieco Pumps and Generators Private Limited (India) and Nidec Corporation (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Nidec Corporation (Japan), Usha International (India), V-Guard Industries (India), Meziere Enterprises (United States), Franklin Electric Co. (United States), Dongguan Xuanliang Electronic Technology Co., Ltd. (China), Changzhou Mcmaster Electrics Co., Ltd. (China), Botou Honghai Pump Co., Ltd. (China), Shanghai Yuke Industrial Co., Ltd. (China) and Tianjin Elecmotor Co., Ltd. (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Electric Water Pumps market by Type, Application and Region.
On the basis of geography, the market of Electric Water Pumps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In February 2018, Usha International, one of India’s leading consumer durables company launched two new ranges of domestic electric water pumps named Usha Premia Boost and UshaUltraflow
Influencing Market Trend
- Constantly expanding user base of electric water pumps in agricultural sector
Market Drivers
- The requirement for lower emission, reduction in heat of the engine, long life, lower maintenance, and better pump management are the reasons for the rise in the market share of electric water pumps
- The surge in the development projects, industrial sewage treatment facilities, water storage in water-scarce locations
Opportunities
- There is a growing opportunity for the expansion for new generation electric water pump in the automotive industry owing to surge in demand for fuel-efficient and lightweight electric water pump aimed at improved performance and fuel consumption of the vehicle
Restraints
- Presence of diesel and petrol powered water pumps may hamper the growth of electric water pumps
Challenges
- Tackling the high maintenance cost of the electric water pumps
- Increasing the life cycle of the electric water pumps
Key Target Audience
Electric Water Pump Manufacturers, Sub Component Manufacturers, Distributors/Traders, Importers/Exporters, Investors, Regulatory and Government Bodies, Downstream Vendors, Up-Stream Vendors and End Users
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