Pumps Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028

Global Pumps Market is anticipated to grow in the forecast period 2024-2028. The need for pumps in the oil and gas sector is predicted to increase as oil and gas companies increase their spending on exploration and production activities around the world. The market is anticipated to benefit from the increasing number of infrastructure improvements, such as pipeline replacement or installation.

Additionally, as investments in infrastructure and other crucial processes like wastewater treatment and electricity production, pumps become more and more crucial. Additionally, there have been increase in end-user applications in recent years, hence boosting the growth of the global pumps market.

Due to global urbanization, there has been a rapid adoption of pumps along with increasing infrastructure construction activities and the search for new water sources. However, the rise of numerous Chinese businesses who sell pumps at very low prices has posed a challenge to the expansion of regional and international market participants in recent years. Additionally, the aftermarket sales of pumps and their components have been impacted by a greater emphasis on extending operational lifetime of modern pumps rather than spending money on R&D of new products.

Pumps are machines that move fluids and liquids by mechanical action. Although they all operate on the same principle of utilizing energy and moving fluid through mechanical action, pumps are divided into different categories based on how they function. Pumps can be powered manually or by an outside energy source. The three most prevalent energy sources are engines, electric motors, and wind energy. Pumps are available in a range of sizes, from tiny household pumps to large industrial pumps. The main criterion for classification is how many centrifugal pumps are present in commercially available pumps. Single stage pumps and multi stage pumps are two different types of pumps.

Increasing Demand In Waste Water Treatment:

The amount of wastewater produced and the overall emission load are expected to increase globally as water demand rises. Because of this, governments around the world have enacted strict wastewater management policies and laws, notably in the urban and industrial sectors. Additionally, with growing environmental awareness and a growing water deficit, the demand for water treatment facilities in emerging nations is anticipated to rise.

Moreover, due to a rise in infrastructure and development initiatives, the acquisition of new pumps is happening quickly in growing nations. The demand for pumps is anticipated to increase as a result of this expansion and the rise in living standards in developing countries, particularly among end users in the manufacturing sector. Additionally, these nations' access to water resources and sanitation is probably going to get better, which is probably going to have a big impact on the need for water pumps.

Growth in Merger and Acquisition Activities

Pump market vendors are concentrating on M&As to expand and investigate new markets. As a result of players being able to establish their position and bases in emerging countries, these efforts have given the market additional energy. A number of major players in the world, including Wilo, Sulzer, and others, have engaged in M&As to expand their brands’ market prospects. Additionally, they have expanded their presence in developing countries and new areas using this method, and they are continuing to grow by purchasing important regional companies. Additionally, pumps with specialized and cutting-edge technologies, like those with remote monitoring capabilities, are anticipated to fuel market expansion in the future. Pump makers are starting a digital revolution by embracing IIoT, big data, and artificial intelligence. For makers of pumps, fostering innovations and related disruptive activity provides a competitive advantage. Numerous companies, like KSB, Sulzer, and WILO, have developed networked machines that provide real-time production line tracking, which further boosts productivity and reduces downtime.

Market Segmentation

Global Pumps Market is segmented by type, end use, region and competitive landscape. On the basis of type the market is further divided into Centrifugal & Positive Displacement. On the basis of end use the market is further segmented into Water & Wastewater, Building Services, Agriculture, Chemicals, Power, Oil & Gas, Mining, F&B & Pharmaceutical.

Market Players

Major market players in the global pumps market are Alfa Laval Corporate AB, BAKER HUGHES, CIRCOR INTERNATIONAL, INC., DESMI A/S, FLOWSERVE Corporation, Kirloskar Brothers Limited , KSB SE & Co. KGa, Nikkiso co. Ltd, SPX Flow, Inc, Franklin Electric Co., Inc.

Report Scope:

In this report, the Global Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Pumps Market, By Type:

• Centrifugal
• Positive Displacement

Pumps Market, By End Use:

• Water & Wastewater
• Building Services
• Agriculture
• Chemicals
• Power
• Oil & Gas
• Mining
• F&B
• Pharmaceutical

Pumps Market, By Region:

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Malaysia
• Europe
• Germany
• United Kingdom
• France
• Russia
• Spain
• Belgium
• Italy
• South America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Middle East
• Saudi Arabia
• South Africa
• UAE
• Israel
• Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Pumps market.

Available Customizations:

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