The global water pump market was valued at $40,452.9million in 2014 and it is expected to grow at a CAGR of 5.6% during the period 2015 - 2020. The factors driving the growth of global water pump market include growing construction industry, rising disposable income, growing water scarcity, rapid industrialization in developing economies, and rising level of urbanization. By technology, the centrifugal water pump segment accounted larger share in the global market in 2014, and it is expected to grow at a CAGR of 4.8% during the period 2015 - 2020.