Industrial Pumps Market
The global Industrial Pumps market is forecast to reach USD 93,621.5 million by 2026, according to a new report by Reports and Data. Industrial pumps find their application in various sectors and help in mainly transferring liquids from one location to another.
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Market Dynamics
The global chemicals and materials has wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population explosion along with rapid economic growth is expected to propel the market growth. Moreover, the growing urbanization, rapid industrialization and high investment in infrastructure development creates market demand over the forecast period.
Competitive Landscape:
The global Industrial Pumps market research report provides a competitive strategy analysis portfolios to provide a better understanding of the competitive landscape. The report further discusses in depth the business strategies undertaken by key manufacturers on mergers and acquisitions, joint ventures, and collaborations. It sheds light on the companies holding largest market share in terms of revenue in the global Industrial Pumps market.
Key companies profiled in the report are: Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland) among others.
The report offers extensive summary of the top companies and also provides strategic recommendations for market players and new entrants to provide a competitive edge to the readers. The reports were collected using primary and secondary research methodologies.
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Market Segmentation:
The report covers a strategic analysis of the global Industrial Pumps market segmentation based on product types, applications, and regions. It discusses in detail the micro and macro factors affecting the product type, application, end users and other segments. The study also further shows that which segment is expected to register large market revenue share over the forecast period.
The market is segmented on the basis of several regions like North America, Latin America, Asia Pacific, Europe, and Africa and is examined on the basis of sale and profit margin. Other factors such as government policies, laws and regulations, political scenario, environmental factors are also studied in the report.
Type Outlook (Revenue, USD Million; 2018-2026)
Centrifugal Pumps
Reciprocating Pumps
Rotary Pumps
Diaphragm Pumps
Capacity Outlook (Revenue, USD Million; 2018-2026)
Small Capacity Pumps
Medium Capacity Pumps
High Capacity Pumps
End Users Outlook (Revenue, USD Million; 2018-2026)
Construction
Water and wastewater
Chemicals
Oil & Gas
Power Generation
Others
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Further key findings from the report suggest
The operation of an intelligent motor-pump system in an integrated, coordinated manner can achieve unprecedented and important capabilities for protecting critical processes, process equipment, operations personnel, and the environment. This system also provides a basis for dynamic optimization of critical operating and financial objectives such as long MTBF, low life-cycle cost, or low cost per gallon pumped. Future intelligent systems will provide the basis for next generation CBM systems, future distributed intelligent systems, and autonomous, agent-based systems. These emerging trends are driving increasing automation in the industry
Centrifugal pumps holds a major share of the Pump Type segment and are expected to maintain this leading position in the Industrial Pump industry during the forecast period
Water and wastewater treatment plants have a very large market share in the End Use segment. Increase in desalination efforts and regulations curtailing the dumping of industrial wastes will enhance the demand for industrial pumps in this sector
The construction sector is forecasted to have a high CAGR of 6.1% throughout the forecasted period. The construction boom being seen in the APAC region is pushing the demand for industrial pumps from this sector
Oil and Gas occupy a significant market share and is forecasted to generate high revenues for the industrial pump market
Growth in process manufacturing activity will result in an increase in demand for positive displacement pumps
With the increase in manufacturing and processing activities, demand for aftermarket parts will see an upswing, majorly for the chemical industry as they have harsh operating environments for workers, where industrial pumps are used extensively
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