How Is Rapid Urbanization Augmenting Water Pump Demand?
January 6, 2023 ⚊ 1 Min read ⚊ Views 66 ⚊ BLOG
The United Nations (UN) forecasts that approximately 68% of the global population will reside in urban areas by 2050. According to the Population Division of the UN Department of Economic and Social Affairs (UNDESA), the urban population stood at 4.2 billion in 2018, and it is expected to reach 6.7 billion by 2050. Thus, the increasing urban population, owing to the ample employment opportunities offered in urban areas, is leading to the construction of numerous housing units. The surging number of housing projects is creating a huge requirement for water pumps, worldwide.
At present, Gardner Denver Inc., Torishima Pump Mfg. Co., Grundfos Holding A/S, Sulzer Ltd., Ebara Corporation, ITT Corporation, KSB Aktiengesellschaft, The Weir Group PLC., Kirloskar Brothers Limited, and Flowserve Corporation are manufacturing centrifugal water pumps and positive displacement water pumps for their clientele.
