Presently, the global consumption of pumps is very high due to constant growth in population and residential construction. In fact, high demand for efficient pumping solutions has resulted in the shift from traditional pumps to the booster or intelligent pumps, which are easy to operate and monitor. Recently, a fresh study titled “Domestic Booster Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been broadcasted to the wide repository of Market Research Hub (MRH), which analyzes that the global domestic booster pump market is expected to reach US$ 4.69 Bn by 2026, expanding at a CAGR of 8.3% from 2018 to 2026. For a clear understanding, the report covers market dynamics including drivers, restraints, opportunities, and trends predictable to influence the domestic booster pump market growth during the mentioned forecast period.
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The main motive of this 181-page study is to provide an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2012 to 2017, and forecast to 2026. To provide better and accurate results, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Japan, Asia Pacific excluding Japan, North America, and Latin America. The report also includes forecast on market size, revenue generated, sales, year-on-year growth in the global market, regional market, and various segments.
Market Snapshot and Research Findings
Booster pumps are one of the important aspects of residential flats, houses, farm houses, and guest houses. In the current time, increasing population burden and growing density results in varying water pressure during peak hours as demand rises. Apart from that, growing energy crisis and government regulations are motivating pump manufacturers across the globe to develop energy-efficient products and solutions. These factors are anticipated to create growth opportunities for the booster pump market.
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Moreover, the research study categorizes the global market on the basis of type, distribution channel and application. By distribution channel, demand for booster pumps across DIY distribution channel segment is expected to witness a shift, as end users are exploring products which are easy to install and consume less time for operation of the pumps. On the basis of type, it covers single stage and multiple stage.
In terms of geography, analyst finds that Asia Pacific is expected to have the highest growth rate during the forecast period due to continuous growth in population and residential construction. This is relatable to the growing demand from residential application. It has been also estimated that residential homes/flats segment in the domestic booster pump holds the largest market share and is expected to continue its dominant market position until 2026.
The study further highlights vendor landscape of the market which presents an exact picture of the various players active in this market. Companies profiled in the global domestic booster pump market include Franklin Electric Co., Aquatec International, Inc., Wilo SE, Dab Pumps Spa, SyncroFlo Inc., KSB Pumps Limited, Inc., Grundfos, Xylem Inc., Kärcher International, and Zodiac Pool Solutions.
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