Urbanization and infrastructure developments, along with high crude oil prices, growing FDI in emerging economies, increase in the number of water and waste treatment plants, and technological advancements by market leaders are expected to positively impact market growth.
Market Size in 2019 - USD 62.70 Billion, Market Growth - CAGR of 5.9%, Market Trends - Increase in infrastructural developments
The Global Industrial Pumps Market size is forecast to reach USD 99.14 billion by 2027, according to our recent report. Industrial pumps find application in various sectors and help in transferring liquids from one location to another.
Technological trends like the introduction of magnetic drive pumps, intelligent pump systems, and next-generation industrial automation are boosting the growth of this market. Rapid infrastructural development is another driving factor. APAC countries are witnessing rapid construction, which, in turn, is boosting the market for industrial pumps. Demand for industrial pumps from the process and manufacturing industries is a significant driving factor. The demand for product energy pumps for the transportation and extraction of oil and natural gas will positively influence market growth. An increase in crude oil prices is also boosting the demand for the market as it fuels the energy sector’s revenue.
Growing construction, automotive, and manufacturing industries are expected to raise the demand for industrial pumps in the Asia Pacific regions. The Indian government’s policy for the promotion of FDI in the oil and gas sector will increase the production of petrochemicals and polymers in the country, propelling the demand in this region. Increased investment in desalination plants and wastewater is also expected to increase the sale of industrial pumps. The power generation sector also creates a massive demand for industrial pumps.
Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Global Industrial Pumps Market on the basis of type, capacity, end-user, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Capacity Outlook (Revenue, USD Million; 2017-2027)
End-User Outlook (Revenue, USD Million; 2017-2027)
Regional Outlook (Revenue, USD Million; 2017-2027)
Reasons to Buy the Report
Market Size in 2019 - USD 62.70 Billion, Market Growth - CAGR of 5.9%, Market Trends - Increase in infrastructural developments
The Global Industrial Pumps Market size is forecast to reach USD 99.14 billion by 2027, according to our recent report. Industrial pumps find application in various sectors and help in transferring liquids from one location to another.
Technological trends like the introduction of magnetic drive pumps, intelligent pump systems, and next-generation industrial automation are boosting the growth of this market. Rapid infrastructural development is another driving factor. APAC countries are witnessing rapid construction, which, in turn, is boosting the market for industrial pumps. Demand for industrial pumps from the process and manufacturing industries is a significant driving factor. The demand for product energy pumps for the transportation and extraction of oil and natural gas will positively influence market growth. An increase in crude oil prices is also boosting the demand for the market as it fuels the energy sector’s revenue.
Growing construction, automotive, and manufacturing industries are expected to raise the demand for industrial pumps in the Asia Pacific regions. The Indian government’s policy for the promotion of FDI in the oil and gas sector will increase the production of petrochemicals and polymers in the country, propelling the demand in this region. Increased investment in desalination plants and wastewater is also expected to increase the sale of industrial pumps. The power generation sector also creates a massive demand for industrial pumps.
Further key findings from the report suggest
- The use of intelligent motor-pump systems in an integrated, coordinated manner can achieve unprecedented and important results for protecting critical processes, operations personnel, process equipment, 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. Such trends are driving increasing automation in the industrial pumps market.
- The centrifugal pumps sub-segment holds a major share of the Pump Type segment and is expected to maintain its leading position in the Industrial Pump industry during the forecast period.
- The water & wastewater treatment plants sub-segment has a considerable market share in the end-user segment. An 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 forecast to have a high CAGR of 6.1% through the forecast period. The construction boom witnessed in the APAC region is pushing the demand for industrial pumps from this sector.
- The oil and gas sub-segment occupy a significant market share and is forecast to generate high revenues for the industrial pump market.
- Proliferation process manufacturing activity will increase due to the demand for positive displacement pumps.
- With the increase in manufacturing and processing activities, demand for aftermarket parts will register an upswing, majorly for the chemical industry, as they have harsh operating environments for workers, where industrial pumps are used extensively.
- Key participants include Grundfos Holding A/S (Denmark), Titan Manufacturing Inc. (U.S.), Weir Group PLC (Scotland), ITT Inc. (U.S.), Flowserve Corporation (U.S.), Suzler Ltd. (Switzerland), Ebara Corp. (Japan), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland), among others.
For the purpose of this report, Reports and Data has segmented the Global Industrial Pumps Market on the basis of type, capacity, end-user, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
- Centrifugal Pumps
- Reciprocating Pumps
- Rotary Pumps
- Diaphragm Pumps
Capacity Outlook (Revenue, USD Million; 2017-2027)
- Small Capacity Pumps
- Medium Capacity Pumps
- High Capacity Pumps
End-User Outlook (Revenue, USD Million; 2017-2027)
- Construction
- Water & wastewater
- Chemicals
- Oil & Gas
- Power Generation
- Others
Regional Outlook (Revenue, USD Million; 2017-2027)
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- U.K.
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- U.A.E.
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Industrial Pumps Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Industrial Pumps market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Industrial Pumps Segmentation & Impact Analysis
Chapter 5. Industrial Pumps Market By Type Insights & Trends
Chapter 6. Industrial Pumps Market By Capacity Insights & Trends
Chapter 7. Industrial Pumps Market By End Users Insights & Trends
Chapter 8. Industrial Pumps Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- 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.)
- Clyde Union Inc. (Scotland).
