Water Pump Industry to Register Growth Because of Industrialization

Geographically, the Asia-Pacific region was the largest water pump market in the past. This can be attributed to the swift industrialization and rising disposable income, majorly in emerging economies, such as India and China. The demand for water pumps was the highest in China; however, India is also projected to create a considerable demand for these devices in the coming years. The expansion of different industries in the region, such as chemical, energy, and oil & gas, is expected to increase the adoption of water pumps.