Sea Water Pumps Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Centrifugal Pumps, Positive Displacement Pumps), By Operation (Submersible, Non-submersible), By Application (Ballast Transferring, Firefighting, Bilge Pumping, High-Pressure Deck Washing, Desalination Plants, Others), By Flow Rate (1 - 50 M3/H, 51 - 150 M3/H, 151 - 350 M3/H, 351 - 500 s M3/H, Above 500 M3/H) and Region Forecast 2019-2030

Sea Water Pumps Market size was valued at US$ 1,421.8 million in 2023 and is expected to reach a value of US$ 1,934.9 million by 2030, and poised to grow at a CAGR of 4.5% from 2024 to 2030. The global market provides a detailed overview and that can be segmented by product type, operation, application, and flow rate. By product type, the market has been segmented into centrifugal pumps and positive displacement pumps. The centrifugal pumps segment is likely to be the largest and fastest-growing segment in terms of product type.

Based on operation, the seawater pumps market is segmented into submersible and non-submersible. Among these, the submersible segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of application, the market is segmented into ballast transferring, firefighting, bilge pumping, high-pressure deck washing, desalination plants, and others. Among these, the firefighting segment is expected to have the fastest-growing market during the forecast period 2023-2029. By flow rate, the market is segmented into 1 50 M3/H, 51 150 M3/H, 151 350 M3/H, 351 500 s M3/H, and Above 500 M3/H. The 1 50 M3/H segment is likely to be the largest and fastest-growing segment in the market.

Key Developments

• In Jun 2021, Wilo has built a new assembly plant in Kuala Lumpur, Malaysia, to provide Wilo pumps throughout Southeast Asia.