Global reverse osmosis pump market will be valued at US$ 6,077.8 Mn in 2021. The market will grow with a stable long-term projection, according to the latest insights by Future Market Insights. The report estimates the market to expand at above 8% CAGR from 2021 to 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 to 2031.
The market exhibited an 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 to ensure accurate and repeatable transportation and filtration to minimise 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 the offshore platform and vessels to provide low TDS (total dissolved solids) water for better oil recovery.
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 because of the COVID-19 pandemic. However, the filtration unit of the domestic and commercial segments of the market were not affected 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-tenths 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 industrialisation.
- 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 will surge at around 7% CAGR over the next ten years, driven by the rising demand from industrial end users.
