The market for domestic booster pumps worldwide, which is currently valued at US$ 2.68 billion, is anticipated to grow at a CAGR of 7.1% from 2022 to 2030, reaching US$ 4.63 billion.
In 2020, sales of domestic booster pumps represented a share of 28% of the market for global booster pumps. Over the next few years, it is anticipated that rising urbanisation in China and India’s emerging economies will significantly increase demand for domestic water booster pump systems.
The report attributes the growth of the market to rising awareness among consumers regarding the availability of energy-efficient technologies. Furthermore, the expansion of the e-commerce industry is widening the sales channel for domestic booster pumps.
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Rapid urbanization in emerging economies and the consequential increase in the number of residences is also propelling demand for booster pumps designed for domestic and residential purposes.
Having studied the impact of the COVID-19 pandemic, the report opines that the demand for residential pumps is expected to experience a downtrend during the pandemic, as the focus of both manufacturers and consumers shifts towards essential and emergency utilities.
Key Takeaways
- The 50-150 W segment will capture nearly 1/3rd of global value as pumps with a power rating in this range are ideal for medium-sized buildings.
- By water pressure, 1 bar segment is expected to account for over 2/5th of market value by the end of the forecast period.
- Domestic booster pumps find the majority of applications in gardening sprinklers and pipes, capturing around 2/5th of total market value.
- The offline sales segment will continue to channel the majority of revenue, while the online sales segment is poised to grow at an impressive rate.
- East Asia, led by China, is poised to hold the lion’s share in global market value, backed by the presence of a flourishing residential construction sector.
- North America and Europe will cumulatively account for a prominent market share, owing to the presence of major market players.
COVID-19 Impact
The COVID-19 outbreak is posing challenges to the market on both the supply and demand fronts. Owing to the pandemic-related consequences such as government restrictions on travel, social distancing norms, and disruption of the supply chain, the production of domestic booster pumps has taken a severe hit.
Similarly, the pandemic has adversely affected residential construction activities, causing a complete shutdown across several nations, and this is likely to impede the demand for systems designed for the residential sector, including the home and domestic booster pump market.
Who is Winning?
Domestic booster pumps manufacturers are directing their efforts towards research and development activities to produce booster pumps with innovative features. On these lines, plug-and-play booster pumps have emerged as a lucrative design and an increasing number of players are jumping on to the bandwagon to develop energy-efficient designs.
Moreover, organic growth strategies such as acquisitions and partnerships will continue to shape the competitive landscape of the domestic booster pumps market through the assessment period. A few key developments in recent times on these lines include:
- In 2019, Franklin Electric Co., Inc. acquired 70% of the outstanding stock of Pluga Pumps and Motors Private Limited.
- In the same year, Grundfos Holding A/S entered a partnership with Siemens AG to focus on global water challenges and save energy with a focus on water and wastewater applications.
FMI’s report includes profiles of some of the most prominent names in the market including Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group, among others.
Global Smartphone Market Research Report: By Type (Media-Centric (Music, navigation, Gaming, Camera), Entry Level, Performance), By Input Device (Touchscreen, Keypad), By Operating System (Android, iOS, Windows), By Distribution Channel (OEM, Retailers, e-Commerce) — Forecast till 2025Smartphone Market Highlights The global smartphone market size is expected to grow from USD 520.3 billion in 2018 to USD 2297.8 billion by 2025, at a CAGR of 16.4% during the forecast period.
Increasing use of the Internet and the disposable income in developing regions is expected to drive the smartphone market during the forecast period.By type, the smartphone market has been segmented into media-centric smartphones, entry-level smartphones, and performance smartphones.
The media-centric smartphone segment has been sub-segmented into music smartphones, navigation smartphones, gaming smartphones, and camera smartphones.By operating system, the market has been segmented into Android, iOS, and Windows.By distribution channel, the smartphone market has been segmented into OEM, retailer, and e-commerce.By input device, the smartphone market has been segmented into touch screen and keypad.Get Sample@ https://www.marketresearchfuture.com/sample_request/8165Regional AnalysisThe geographical analysis of the smartphone market has been studied for North America, Europe, Asia-Pacific, and the rest of the world.Asia-Pacific is expected to dominate the smartphone market during the forecast period.
The market in Asia-Pacific has been segmented into China, Japan, India, South Korea, and the rest of Asia-Pacific.
Growing population, rich presence of telecom companies, presence of global mobile manufacturers such as Samsung Electronics Co. Ltd, Xiaomi Corporation, and Sony Corporation among others are expected to drive the smartphone market in Asia-Pacific.The market in North America is expected to witness the highest CAGR during the forecast period.
In North-America, Google LLC, Apple Inc., Microsoft Corporation, and CAT are expected to drive the smartphone market.In terms of market size, Europe is expected to hold the third-largest share in the smartphone market.
The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.Market Size – USD 6.38 Billion in 2018, Market Growth - CAGR of 5.7%, Market Trends – The advent of environment friendly textile dyes.The global Textile Dyes Market is forecast to reach USD 10.13 Billion by 2026, according to a new report by Reports and Data.
Fabrics are dyed either by using dying solution or by printing, using dye pastes.The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile dyes pose limitations in the market.
Consistent advancements in the dyes market owing to innovative efforts have enhanced the efficiency of textile dyes.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1848Top Leaders Operating in the Market are:Archroma,Tanatex Dyes,Vipul organics Ltd,DyStar Singapore Private Ltd,Zhejiang Runtu Co. Ltd.,Jihua Group,A Robama,Organic Dyes and Pigments,Huntsman International LLC,and Kiri Industries Ltd,among others.Textile Dyes Market Segmentation:Based on Product Type:CottonViscoseWoolNylonPolyesterAcrylicOthersBased on Application:ApparelsHome TextileIndustrial TextileOtherRequest customization of the report @ https://www.reportsanddata.com/request-customization-form/1848The report talks about the key competitors with regard to their market size, product portfolio, manufacturing and production capacity, profit margins, revenue generation, regional spread, and research and development activities.
The report also discusses in detail the mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, corporate deals, and licensing agreements, and more.
The report provides a comprehensive overview of the competitive landscape and regional spread.The regional analysis offers a complete overview of the regional spread of the market along with production and consumption patterns, import/export, supply and demand dynamics, revenue contribution, trends and demands, and presence of prominent players in each region.Regional Analysis Covers:North America (U.S., Canada, Mexico)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)To know more about the report, visit @ https://www.reportsanddata.com/report-detail/textile-dyes-marketFurther key findings from the report suggestThe polyester segment accounts for a market share of 13.9% in the year 2018.
Polyester is a type of fabric which is extremely difficult to dye since it is a synthetic fabric made from petroleum.
The global Frozen Food Market size is expected to value at USD 360.36 billion by 2024.
The market is subject to witness a substantial growth due to the changing lifestyle patterns, shifting preferences among consumers towards ready-to-cook meals, increasing demand for convenience food, and growing focus towards hygienic food products.
Frozen food products are able to retain maximum vitamins and minerals.The freezing allows longer shelf life for the food products and limits any form of microbial growth that leads to food spoilage.
In addition, increasing penetration by e-commerce retail stores is expected to fuel the growth of frozen food industry in the upcoming years.
Increasing demand form staple food products from developed economies across the globe is propelling market growth as well, in the recent years.
Increasing demand for frozen fruits and vegetables from developed and developing economies is expected to positively affect market performance of frozen food industry in the upcoming years.
Diesel exhaust fluid is an solution produced by using urea and deionized water.
It is a fluid used in the treatment of harmful nitrogen oxide (NOX) emissions from diesel motor, through a selective catalyst (SCR) process to decompose nitric oxide into Nitrogen and Water.EF vaporizes and decomposes in the exhaust pipe into ammonia and carbon dioxide which reacts to a catalyst of selective catalyst reduction (SCR) in the vehicle with oxygen and harmful nitrogen oxides.
As a result, nitrogen, water vapor and carbon dioxide are produced.DEF is directly related to the temperature at which the DEF is stored and is therefore used to maintain its quality with special storage tanks composed of polyethylene or stainless steel.Get Sample Copy of this Report @ https://dataintelo.com/request-sample/?reportId=7038The LCV segment is estimated to be the largest segment, by volume as well as value, of the diesel exhaust fluid market.
Asia-Oceania is estimated to be the largest diesel exhaust fluid OE market due to the increasing vehicle production in countries such as China and India.Read More @ https://www.marketwatch.com/press-release/diesel-exhaust-fluid-market-analysis-size-application-analysis-regional-outlook-competitive-strategies-and-segment-forecasts-2019-to-2025-2019-12-05
