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North American Positive Displacement Pumps Market
Frost & Sullivan, Aug 2010, Pages: 67
This Frost & Sullivan research service titled North American Positive Displacement Pumps Market provides market drivers, market trends, revenues, product, and end-user forecasts. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: reciprocating pump, rotary pump, and peristaltic pump.
This study covers the state of the North American Positive Displacement Pumps Market, examining drivers and restraints for growth, pricing, distribution, technology, demand, and end-user trends. Following from these, market growth for regional and market segments are forecasted. In addition, an in-depth analysis of the competitive situation including market participant’s market shares is performed. The base year is 2009 with forecasts running through 2016. The market is further divided into three subsegments including rotary positive displacement pumps, reciprocating positive displacement pumps and peristaltic positive displacement pumps. Detailed analysis of each subsegments is included.
Market Overview
Demand for Replacements and Retrofits Drives the Market for Positive Displacement Pumps
The North American positive displacement pumps market is expected to recover the losses it incurred in 2009 with investments from the major end-user sectors such as water and wastewater, food and beverage, and pharmaceuticals. The market will also rebound on the strength of the demand for replacements and retrofits. End users are increasingly replacing existing old pumps with newer, energy-efficient ones to achieve greater energy efficiency. Owing to the lack of skilled maintenance personnel, end users prefer to replace the whole pump rather than individual parts to save labor. They are also eager to reduce their cost of production due to the economic slowdown. “Therefore, consumers demand lower total ownership/life cycle costs for pumps, resulting in the replacement of pumps that provide low initial costs with pumps that provide the lowest life cycle costs,” says the analyst of this research. “With a significant number of pumps reaching the end of their life, retrofits will drive the growth of the positive displacement pumps market.”
The market is also benefitting from the need to comply with the U.S. Environmental Protection Agency and an estimated $1 trillion is likely to be spent over the next 20 years in upgrading the water system. The market is also expecting a spurt in orders from end users that had deferred their purchase decisions during the downturn. The pent-up demand is likely to accelerate the market recovery due to a sudden increase in consumer confidence and spending.
However, to make the most of this demand in the highly competitive positive displacement pumps market, companies have to devise a suitable pricing strategy, as low-cost imports from Asia Pacific are exerting price pressure. The rising demand for high-quality products at lower prices will erode the profits margins of these participants. Moreover, with the prices of certain raw materials declining due to the economic slump, end users have been looking for competitively priced products that do not compromise quality. “To survive in such a market, manufacturers need to offer additional services such as installation, technical support, maintenance, and general service agreements to differentiate their products from low-cost participants,” notes the analyst. “It is important for manufacturers to focus on quality, exemplary customer service, and proximity to customers to command a premium price for their products.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type:
- Rotary pumps
- Reciprocating pumps
- Peristaltic pumps
By End Users:
- Water and wastewater
- Oil and gas
- Chemicals
- Food and beverages
- Power generation
- Pharma
- Pulp and paper
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