The Asia Pacific Booster Pump Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
Booster pumps can raise the rate of flow of water in the water system or in industrial equipment. It can also be beneficial in the transportation of water from the lake, pond, or storage tank for use in homes and buildings. A commercial building or house that does not have sufficient water supply pressure from the water supply authority will require a booster pump to elevate the low pressure of water. A big hotel requires a large commercial booster pump to transport water to the building. Also, booster pumps are used to re-pressurize water from the tank and transfer it to a faucet or to the home. Booster pumps are also beneficial in moving water from other processes such as rainwater harvesting, flushing toilet, and washing laundry.
A single booster pump can increase water pressure in the whole building. Occasionally, the people who use well water want to raise the flow from low-recovery well to their native places for various uses. Low-recovery wells are not capable of producing sufficient water to fulfill the demands of any household. In that place, a booster pump extracts water from the well and sends it to the water storage tank for household purposes.
In India, agriculture is a significant part of the Indian economy. The agriculture sector of India provides livelihoods to more than half of the population of the country. It has become an essential part of the country's economy. In order to create the agricultural sector more productive, sustainable, remunerative, and climate supportive, the government of India has launched a scheme with an aim to promote sustainability & best framing practices, conservation of soil, management of soil nutrients, and good water management practice. With the rising government support and training to the farmers, the demand for booster pumps is predicted to rise for large-scale producers and elevate the growth of the booster pump market in the Asia Pacific region.
The China market dominated the Asia Pacific Booster Pump Market by Country in 2021, achieving a market value of $344.6 Million by 2028. The Japan market would experience a CAGR of 4.7% during (2022 - 2028). Additionally, The India market is anticipated to grow at a CAGR of 5.9% during (2022 - 2028).
Based on Type, the market is segmented into Multi Stage and Single Stage. Based on Sales Type, the market is segmented into Aftermarket and New Sales. Based on Application, the market is segmented into Industrial, Agriculture, Residential, Water & Wastewater and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Booster Pump Market is Projected to reach USD 3.1 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Xylem, Inc., Pentair PLC, Franklin Electric Co., Inc., Witte Pumps & Technology GmbH (Dover Corporation), Alfred Karcher SE & Co. KG, Aquatec International, Inc., Dab Pumps S.p.A., Smith & Loveless, Inc., and Eddy Pump Corporation.
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