The growth in the industry is attributed to rapid urbanization, groundwater depletion, growing activities of construction in the residential sector, and the increasing high-rise buildings number, where pumps are essential to maintain the pressure of water to the upper stories.

In the past few years, the centrifugal pump category, based on type, accounted for the largest domestic pump market share, and it will observe the fastest growth in the years to come. This is attributed to its low prices, high competence when pumping water, and extensive application area.

In the past few years, the groundwater intake category, based on application, accounted for the largest industry share. This is credited to the fact that groundwater is the main source of drinking water, as well as for other household uses.

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Moreover, because of the growing rate of urbanization, governments across the globe are concentrating on enhancing the infrastructure, which would boost the global domestic pump industry growth by resulting in massive-scale residential construction.

Key players in the industry of domestic pumps have been involved in the launches of products to gain a competitive edge over their competitors.

Hence, due to the depletion of grown water levels, rapid urbanization, and increasing consumer spending, the global domestic pump industry will continue to grow in the years to come.