Global Reverse Osmosis Pump Market Value to Grow by Almost $14.3 Billion During 2021-2031

Driven by increasing applications in the oil and gas and water treatment sectors, the reverse osmosis pump market size is expected to surpass US$ 6.1 Bn in 2021, as per latest insights by Future Market Insights (FMI). The reverse osmosis pump demand outlook remains positive and it is forecast to rise at a CAGR of 8.9% from 2021 – 2031.

The market exhibited impressive 8.7% year-on-year growth between 2020 and 2021. It is projected to surpass a valuation of US$ 14.3 Bn by 2031. As per reverse osmosis pump market insights, sales of centrifugal pumps will remain high, accounting for over 71% of revenue generated through 2031.

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Growing need for reverse osmosis pumps in the residential and commercial sectors has led to increasing demand in the market. Oil and gas, power generation, and manufacturing industries are exhibiting for reverse osmosis pumps.

FMI predicts healthy growth in the oil and gas industry in economies such as China, India, the Middle East, and Africa. Expansion of the industry will create prospects for growth in the market. This is because reverse osmosis pumps are used for ensuring accurate and repeatable transportation and filtration to minimize total dissolved solids (TDS) in oil and gas applications.

Desalination plants around the globe are leading customers of high capacity, high-end reverse osmosis pumps. Reverse Osmosis (RO) systems are widely accepted on offshore platform and vessels to provide low TDS (total dissolved solids) water for better oil recovery.

Competitive Landscape

The market is highly consolidated, with key players accounting for more than one-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to gain competitive advantage.

Water filtration is imperative for the commencement of industrial processes. Considering this, the demand for reverse osmosis pumps have considerably risen in recent years. To meet the increasing demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure and production capacities.

Demand for reverse osmosis pump slumped in 2020 due to the COVID-19 pandemic. However, the filtration unit of the domestic and commercial segments of the market were not impacted hard owing to requirements for drinking water on a global scale. Despite the risk of stimulus for bottled water in many countries, the market’s long-term outlook remains optimistic.

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Key Takeaways from Market Study
  • Centrifugal reverse osmosis pump will hold over nine tenth of the market share in 2021.
  • Booster pumps are projected to hold over four-fifth of the overall market share as the leading pump type by 2031-end.
  • The market in the India is projected to expand at a CAGR above 15%, supported by investments into industrialization.
  •  The U.S. market is projected to grow at a CAGR nearly 6% CAGR through 2031, supported by presence of mature manufacturing infrastructure and water filtration sector.
  • The markets in China and Turkey are set to surge at around 7% CAGR over the next ten years, driven by the rising demand from industrial end users.

“Investments in municipal water and wastewater sectors in emerging countries are projected to grow at higher pace as compared to developed countries, owing to higher scope for economic growth, demographic changes, and the need to catch up with basic infrastructure requirements, which will drive reverse osmosis pump sales through 2031,” says a Future Market Insights analyst.

Reverse osmosis pumps are widely used to pump fluids and remove contaminants in feed water. These pumps are finding applications in seawater desalination plants, which are growing in number due to the falling quality of freshwater and groundwater sources.

The usage of reverse osmosis pumps within industrial facilities minimizes environmental damage and costs from processing wastewater. As large volumes of water are consumed and let out by industrial plants at high flow rates, reverse osmosis pumps play an important role in filtering out contaminants and impurities.

Reverse osmosis pumps are beneficial to many producers, across various industries including food and beverage, manufacturing, large filtration units, and residential filters.

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By Segment:

By Technology Type:

  • Centrifugal Pump
    • Single Stage
    • Multi Stage
  • Diaphragm Pumps

By Pump Type:

  • Booster Pump
  • Delivery/Demand Pumps

By Flow Rate:

  • 0.1 to 0.5 GPM
  • 0.5 to 1 GPM
  • 1.1 to 5 GPM
  • 5 to 20 GPM
  • 20 to 100 GPM
  • 100 to 500 GPM
  • 500 to 1000 GPM

By Application Type:

  • Domestic & Commercial
    • Filtration Units
    • CounterTop Filter Cum Demineralizer
  • Industrial RO Filtration Unit
    • Manufacturing
    • Oil and Gas
    • Power Generation
  • Seawater Desalination Unit

By Sales Channel:

  • Online
  • Offline

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

 

By Ankush NPosted on

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