Sea Water Pumps Market size is valued at USD 1,421.8 million in 2021 and is expected to reach a value of USD 1,934.9 million by 2028, growing at a CAGR of 4.5% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by product type, operation, application, and flow rate. By product type, the sea water pumps 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 2022-2028. 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 2022-2028. 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.
In Jun 2021, Wilo has built a new assembly plant in Kuala Lumpur, Malaysia, to provide Wilo pumps throughout Southeast Asia.