The global water pump market is opening up to a trillion-dollar blue ocean

As a general-purpose machinery, Water Pumps are widely used in many fields. Analyzing their market size and trends is of great significance to enterprises and investors.

In the global market, the scale of the water pump industry will be about 410 billion yuan in 2022 and 62.9 billion US dollars in 2023, with a compound annual growth rate of 5.29%. The Asia-Pacific region accounts for 50% of the total market share, and China occupies about 50% of the global market share with its high cost performance. The CR series of vertical multi-stage centrifugal pumps launched by global leading companies have a market share of more than 15% in the global building water supply field with the advantages of modular design and high efficiency and energy saving, which indirectly confirms the strong market demand. The scale of the Chinese market in 2022 is about 210 billion yuan, and the data in 2024 may be different due to statistical differences. The annual compound growth rate of production from 2010 to 2021 is about 10%, and the market concentration is gradually increasing. The CHL series of stainless steel centrifugal pumps launched by the leading domestic civil water supply pump company adopts laser welding technology, which has corrosion resistance and low noise characteristics, and occupies 20% of the domestic civil water supply pump market.

Industry growth is driven by multiple factors. In terms of policy, the upgrade of infrastructure investment, energy conservation and environmental protection standards in the "14th Five-Year Plan" will promote the growth of water pump demand in water conservancy, environmental protection and other fields. With its deep accumulation in the field of Variable Frequency technology, a certain enterprise's MHI series variable frequency water supply equipment is equipped with an intelligent control system to achieve constant pressure water supply. Driven by the "Three-Year Action Plan for Improving Urban Water Supply Quality", the bid winning rate of municipal projects in 2024 will increase by 30%. In terms of market demand, the rise of emerging industries such as urbanization, industrialization, new energy, and intelligent manufacturing has driven the demand for different types of water pumps. The KQL series of vertical centrifugal pumps launched by the top three domestic pump companies in terms of comprehensive strength have the characteristics of compact structure and convenient installation, and the annual sales volume in the field of water supply and drainage of high-rise buildings has exceeded 100,000 units; the hydrogen Diaphragm Pump LHP-01 developed by the pioneer in the field of new energy pumps has been applied to many domestic water electrolysis hydrogen production projects through special sealing design and corrosion-resistant materials. In terms of technological innovation, high-efficiency energy-saving and intelligent technology applications enhance product competitiveness. The iPump series ofsmart pumps launched by a certain enterprise integrate Internet of Things modules and AI algorithms, which can realize fault warning and automatic adjustment, and improve operation and maintenance efficiency by 30%.

However, the industry development also faces obstacles. Global economic fluctuations affect market demand, and the frequent fluctuations in the prices of raw materials such as cast iron and stainless steel squeeze corporate profits. The fragmented market competition, product homogeneity and the advantages of foreign brands in the high-end market all restrict the development of the industry. Japanese companies rely on their technical accumulation in the field of nuclear power, and their large nuclear power main pumps have the characteristics of high reliability and long life. German companies' chemical process pumps adopt advanced fluid mechanics design. Both still occupy 60% of the domestic high-end market.

Overall, it is expected that the market size of China's water pump industry will expand at an annual compound growth rate of 6%-8% from 2025 to 2030, and is expected to exceed 350 billion yuan in 2030. High-efficiency, energy-saving, intelligent and environmentally friendly products will become the mainstream. East China has a leading market share, South China has an outstanding growth rate, and the potential of central and western China is yet to be released. The "Belt and Road" has promoted exports to account for 15%-20%. Enterprises should increase research and development and seize opportunities; investors need to pay attention to risks and make reasonable decisions.