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Domestic Booster Pump Market Size

  • Report ID: GMI11551
  • Published Date: Sep 2024
  • Report Format: PDF

Domestic Booster Pump Market Size

The global domestic booster pump market was valued at around USD 3.1 billion in 2023 and is estimated to grow at a CAGR of around 5.7% from 2024 to 2032.  Domestic booster pumps are essential in ensuring a reliable water supply for new residential complexes. The increase in residential projects is boosting the domestic booster pump industry. According to the United Nations, 68% of the world population is expected to live in urban areas by 2050, showing the growing need for residential infrastructure. These projects, especially high-rise buildings where water pressure drops, need booster pumps to keep water pressure steady.

 

Additionally, government efforts to improve water infrastructure is further boosting the domestic booster pump market. Governments, especially in developing regions, are investing heavily in upgrading and expanding water supply systems to tackle issues like water scarcity, inconsistent pressure, and old infrastructure. These efforts often include funding for modern water management technologies, increasing the demand for booster pumps to ensure a steady water supply to homes. Programs to improve water access in rural areas and urban development projects also encourage the use of domestic booster pumps to enhance water pressure and distribution efficiency.
 

Domestic booster pumps face significant challenges, including high energy consumption and disruptive noise vibrations. These pumps require significant power for optimal performance, leading to increased electricity bills for homeowners. Elevated energy usage not only increases costs but also raises environmental concerns. The noise generated by these pumps is particularly concerned in quiet residential areas. Addressing these challenges necessitates the adoption of energy-efficient models that reduce both noise and vibrations, thereby enhancing user satisfaction and promoting sustainability.
 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of domestic booster pump was worth about USD 3.1 billion in 2023 and is estimated to grow at a 5.7% CAGR from 2024 to 2032, led by the increase in residential projects.

The single stage pump segment in the domestic booster pump market was valued at USD 1.69 billion in 2023 and is expected to reach USD 2.75 billion by 2032, due to their simplicity and efficiency.

Asia Pacific domestic booster pump market recorded 35.4% share in 2023 and is anticipated to grow at a 6.1% CAGR through 2032, owing to rapid urbanization and infrastructure development.

Aqua Groups, CRI Pumps, Donaldson, Ebara, Euro Molten Pumps, Franklin Electric, Grundfos, Kirloskar Brothers, Lydall, and Mann Hummel.

Domestic Booster Pump Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 321
  • Countries covered: 17
  • Pages: 150
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