Utility pumps are multi-functional pumps that can pump large volume of liquids quickly. These pumps are made of plastic, stainless steel, and thermoplastic, are highly durable, and lightweight. Basic applications of utility pumps includes removing standing water off basement floors, draining aquariums, and water beds etc.
Some of the other key players operating in the global utility pump market include Great Plains Industries, Inc., Finish Thompson, Inc., etc.
- Rapid growth of agriculture and construction industry
Rapid growth in the agriculture and construction industry is projected to be a driving factor for the growth of the utility pumps market. Different utility pumps are used to removing water, abrasive materials, acids, chemicals, hazardous materials, highly viscous fluids, gasoline or diesel fuel etc. It is also used to move large amount of wastewater by boosting water pressure at construction sites.
Planning to lay down future strategy? Perfect your plan with our Report Brochure here
- Rise in sale of utility pumps at e-commerce websites
Growth of the e-commerce industry has created better opportunities for producers and suppliers of utility pumps who are focusing on promoting their products on various websites and portals in order to cater to a wide range of customers across the world. Rise in promotional campaigns of fabric utility pumps through various online channels is projected to offer attractive opportunities to the global utility pumps market in the next few years.