Industrial Pumps Market Report - Market Research Reports

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Industrial Pumps Market Report

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In 1999, the total UK market for industrial pumps, spare parts and support services was estimated at £708.3m, after taking into account exports and imports. This was a fall of 3% on the previous year, and a decrease of 0.9% on the figure for 1995. Industrial pumps are used to maintain the flow and create pressures in liquids in industrial processes. They find applications in many end-user sectors, including agriculture, construction, chemicals, the oil industry, food processing, the marine sector, metals, minerals, electrical power generation, paper processing, transport and water supply. A wide range of pump products exists, but they can be classified broadly as rotodynamic/centrifugal or positive displacement types. Pumps can vary enormously in size and cost, from the general-purpose models costing around £100 to those priced in thousands of pounds. There are also special-purpose units required by the oil, power and water industries which may have ratings in many kilowatts and cost hundreds of thousands of pounds. UK demand for industrial pumps has been limited in recent years, as capital investment in many manufacturing end-user sectors has been restricted by recessionary influences and the high value of sterling. UK suppliers of pumps have participated successfully in many export markets, but, again, the high value of sterling has reduced their competitiveness. Further downturns in some overseas markets have slowed the rate of order inputs. Some recovery in those areas is now becoming evident. The situation in the overall UK market is not expected to show a quick recovery, although the end of the year 2000 should show some upturn, with a gradual improvement throughout 2001 and beyond. In the meantime, export opportunities may increase and would be encouraged substantially by any weakening in the relative value of sterling. Key Note forecasts that the UK market for industrial pumps will recover to a value of £757.7m (at constant 1999 prices) by 2004.

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