April 11, 2023 03:54 ET | Source: MAXIMIZE MARKET RESEARCH PRIVATE LIMITED MAXIMIZE MARKET RESEARCH PRIVATE LIMITED
Pune, April 11, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Automotive and Transportation market research firm has published a competitive intelligence market research report on the “Booster Pump Market”. The Booster Pump Market size was valued at USD 2.45 Bn in 2021. The total Booster Pump Market revenue is expected to grow at a CAGR of 4.8 percent from 2022 to 2029, reaching USD 3.56 Bn during the forecast period. Water Filter System
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Booster Pump Market Scope and Research Methodology
The Booster Pump Market research report covers technology, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry. The report includes drivers, opportunities and restraints affecting the global market. It covers the impact of these drivers, trends and restraints on the demand of the market during the forecast period. The report also highlights opportunities in the market at the global level.
Regional analysis of the Booster Pump Market is conducted at the country, regional and global levels. The report covers the Booster Pump Market strategies followed by major players with their strategies and investment plans. The primary and secondary research method was used to collect the data from Booster Pump Market. Key players are identified through secondary research. Secondary research was used to collect information for the extensive, market-oriented, and commercial analysis of the Market.
A booster pump helps in increasing the pressure and volume of water that flows from various sources. Low-pressure water makes simple actions like bathing, brushing, and so on more difficult, but a booster pump may make these tasks simple and quick. A booster pump increases the pressure of the water and increases the flow rate. The booster pump contains spinning blades that accelerate air circulation. It also includes an impeller inside that increases water flow and pressure for the target location.
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Growing technology advancements in booster pumps are driving the booster pump market growth. Increasing industrialisation in developing countries is expected to improve global market growth rates over the forecast period. The increasing population also creates a need for water pressure during the forecast period, which increases the market's growth rate. Rural development and increasing urbanization are boosting economies and generating prospects for residential booster pumps. Research and development and increasing investment are also expected to drive the market during the forecast period.
Asia-Pacific region is expected to fuel the Booster Pump Market growth
Asia-Pacific region is expected to dominate to regional Booster Pump Market during the forecast period. This is due to the increased demand for residential booster pumps in this region. The Asia-Pacific region leads the domestic booster pump market, with China leading the way in the growth of residential building complex development due to the country's massive population strength and on-going demand for irrigation in the fields due to restricted land availability.
North America is expected to be the fastest growing region throughout the forecast period due to increasing buildings and complexes, which would strengthen the market in this region.
Based on Type, the Single-stage is expected to dominate the Booster Pump Market during the forecast period. Single-stage booster pumps are widely applied in residences or other residential or commercial facilities that are far from the regional municipal water supply. Moreover, single-stage pumps are used in regions that have low water pressure.
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Based on Application, the Industrial segment is expected to dominate the Booster Pump Market. Increasing investments in building and construction, as well as water shortages and low pressure water pipelines and networks, are resulting in a growing need to boost water pressure in various sectors such as industries, public buildings, and hospitals, and this segment's revenue growth is expected to continue over the forecast period.
Booster Pump Market Key Players Include:
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Key questions answered in the Booster Pump Market are:
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
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