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Pumps Market - Global Outlook & Forecast 2022-2027

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    Report

  • 321 Pages
  • July 2022
  • Region: Global
  • Arizton
  • ID: 5625038
1h Free Analyst Time
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Pump demand is predicted to rise in developing nations as water supply investments expand. Water and wastewater infrastructure are also expected to grow in APAC, Middle East & Africa, and Latin America. As a result, additional investments in the water and wastewater sectors will open up opportunities in the global pumps market.

An increased capital investment expenditure in developing countries is expected to allow vendors to invest further in plant expansion and upgrading manufacturing plants. Increased growth in mining activities and production of mined materials in China, India, and other developing countries are projected to boost the output. Sales in the APAC region are expected to rely on capital expenditure by industries and construction projects. Strong aftermarket demand in the global mining market offers immense opportunities for the centrifugal pumps market.

Key Winning Strategies in the Global Pumps Market

  • Access to water supply and sanitation in the water and wastewater industry is improving in developing countries. Also, old water facilities are getting replaced and upgraded in developed countries, increasing water management facilities' demands.
  • Centrifugal pumps are expected to be widely used due to their varied pressure and load handling capacities, including the ability to process liquids with high solid content and comparatively low maintenance costs.
  • The growing production in the chemical industry is expected to increase the demand for aftermarket products (parts and replacement parts)
  • The demand for pumps from the oil and gas industry benefits oil and gas production across the globe. However, this will be offset by a dramatic decrease in oil prices in the short term.

MARKET TRENDS


High Demand for Water & Wastewater Treatment Plants


As the water demand increases, the quantity of wastewater produced and the overall emission load are projected to grow worldwide. Therefore, policymakers across the globe have implemented stringent wastewater management strategies and legislation, particularly in the urban and industrial sectors. Also, the demand for water treatment plants in developing countries is projected to increase with growing environmental awareness and the increasing water shortage.

Market Opportunities: Rising Number of Modular Construction Projects


Prefabricated buildings, also known as prefab houses and constructed homes, are residences and commercial spaces that are built ahead of time in a warehouse, usually in pieces that can be easily transported and incorporated into the property. Established markets of North America and Europe expect to witness a high demand for prefabricated buildings during the forecast period since the commercial adoption of prefabricated construction has grown in several residential and commercial sectors, including hotels, resorts, spas, and sports clubs, among others. The surge in demand for prefabricated buildings is expected to fuel the demand for industrial pumps.

Market Drivers: Demand for Efficient and Advanced Pump Technology


Specialty and advanced technology such as remote monitoring facilities are expected to boost market growth. Pump manufacturers are undertaking a digital revolution by accepting IIoT, big data, and artificial intelligence. Supporting innovations and associated disruptive technologies offers a strategic edge for manufacturers. Several businesses, such as KSB, Sulzer, and Wilo, have built connected machines that allow real-time production line tracking, those further increases efficiency and minimizes downtime.

Challenges: Fluctuations in Raw Material Prices


Fluctuations in raw material prices on imposition or rise in tariffs, commodity shortages, or allocations have adversely affected the pumps market. Changes in currency exchange rates, net revenue risk, and operating margins of global manufacturers have emerged as significant challenges in the market. Raw materials, including steel, titanium, nickel, and petroleum-based products, are projected to observe price discrepancies, thereby emerging as a prime challenge.

SEGMENT ANALYSIS


The Centrifugal Pumps Market is expected to grow at a CAGR of 5 % during the Forecast Period.

Centrifugal pumps are expected to remain dominant and may continue to be the most widely used type due to their varied pressure and load handling capacities. Some of the attributes of centrifugal pumps include treating high solid quality liquids and comparatively low maintenance costs. Further, due to the growth in process manufacturing operations, demand for positive displacement pumps is expected to outpace the industry average. Development in manufacturing operations, especially in challenging environments such as those in the chemical industry, is likely to benefit from the demand for aftermarket products.

The Industrial Sector Remains the Dominant End-user Market Due to the Growing Demand for Pumps in the Oil and Gas Industries.

The demand for industrial pumps is anticipated to drive the refineries beyond the expected timeline. Strict government controls and pollution reduction initiatives are expected to limit oil and gas demand growth and thus limit market development throughout the forecast period. In processing hydrocarbons, refineries, water injection, and pipelines, centrifugal pumps are widely used, and the demand is projected to expand as the refining capacity grows. Moreover, the recovery in oil prices and the increasing volume of onshore and offshore fields, which includes the development, evaluation, and construction activity of fields, will expand the oil & gas sector. The expansion is expected to contribute to the development of deep-water offshore enterprises for deeper offshore areas, thereby increasing the demand for submersible pumps.

Asia-pacific Remains the Dominant Region for the Global Pumps Market.

The sales are likely to be based on high capital spending and construction expenditure growth. Several Asian countries, including China and India, are investing more in oil, pesticides, and food and drinks. In addition, there will be two prime developments in the market for water infrastructure; expansion of access to water sources and sanitation in emerging countries and rehabilitation and up-gradation of aged water facilities in developed countries. According to this market research report, the pump market in India crossed USD 2.2 billion in 2020.

Segmentation by Product

  • Centrifugal
  • Single Stage
  • Multistage
  • Submersible
  • Turbine
  • Others
  • Reciprocating
  • Piston
  • Diaphragm
  • Rotary
  • Gear
  • Lobe
  • Peristaltic
  • Vane
  • Others

Segmentation by End-user

  • Industrial
  • Oil & Gas
  • Water & Wastewater
  • Food & Beverage
  • Chemical
  • Power
  • Mining
  • Pharmaceutical
  • Others
  • Agricultural
  • Commercial
  • Residential

Segmentation by Geography

  • APAC
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • North America
  • US
  • Canada
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Latin America
  • Brazil
  • Mexico

COMPANY & STRATEGIES

The global pumps market is highly competitive, and the critical primary competitive factor is the 'differentiating product line.' Vendors are actively investing in R&D to develop fundamental technology to establish competitiveness by enhancing core product technology in the industry. In addition, vendors differentiate themselves by improving product development, focusing on after-sales business, and cutting costs through greater operational efficiency. In the aftermarket portion, the competition is majorly against large, well-established national and global competitors and, in some markets, against regional and local companies.

Prominent Vendors

  • Alfa Laval
  • WILO
  • Xylem
  • The Weir Group
  • Torishima
  • Sulzer
  • SPX FLOW
  • KSB
  • Kirloskar Brothers
  • Franklin Electric
  • Flowserve
  • DESMI
  • CIRCOR
  • Baker Hughes
  • Nikkiso

Other Prominent Vendors

  • Arian Pumps
  • AR North America
  • Bosch Rexroth
  • CP Pumpen AG
  • Dover
  • Masdaf
  • Norm Hydrophore Pump
  • Sempa
  • Sumak Pump
  • Vesta Pump
  • Vansan
  • Samsun Makina Sanayi
  • Sahinler Submersible Pump
  • PUMPPORT
  • Jetox Pumps
  • Ebara
  • Grundfos
  • Global Pump
  • Haight Pumps
  • HERMETIC-Pumpen
  • Iwaki America
  • Klaus Union
  • Kracht
  • Leitritz Group
  • Naniwa Pump
  • Netzsch
  • Pentair
  • Roper Pumps
  • Ruhrpumpen
  • SEKO

KEY QUESTIONS ANSWERED

1. WHAT IS THE CURRENT MARKET SIZE OF THE GLOBAL PUMPS MARKET?
2. WHAT IS THE GLOBAL PUMPS MARKET GROWTH?
3. WHAT ARE THE FACTORS DRIVING THE PUMP MARKET GROWTH?
4. WHAT IS THE GROWTH RATE OF THE CENTRIFUGAL PUMPS MARKET?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segmentation
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Report Insights
7.1 Market Overview
7.2 Market Trends
7.3 Market Opportunities
7.4 Market Drivers
7.5 Market Challenges
7.6 Segment Review
7.7 Companies & Strategies
8 Introduction
8.1 Overview
8.2 Value Chain Analysis
8.3 Growth in Mergers & Acquisitions
8.4 Demand for Efficient & Advanced Pump Technology
8.5 Impact of Covid-19
8.6 Global Economy
9 Market Opportunities & Trends
9.1 Demand for Water & Wastewater Treatment Plants
9.2 Increased Infrastructure Projects in Developing Economies
9.3 Rise in Number of Modular Construction Projects
9.4 Demand for Energy-Efficient Pumps
9.5 Advent of Intelligent & Smart Pumps
10 Market Growth Enablers
10.1 Strong Replacement Demand
10.2 Demand for Efficient & Advanced Pump Technology
10.3 Launch of Wastewater Treatment Schemes in the Middle East
11 Market Restraints
11.1 Volatility in Oil & Gas Prices
11.2 Fluctuations in Raw Material Prices
11.3 Competitive & Fragmented Market Environment
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
14 Centrifugal
14.1 Market Snapshot & Growth Engine
14.2 Single-Stage
14.3 Multi-Stage
14.4 Submersible
14.5 Turbine
14.6 Others
15 Reciprocating
15.1 Market Snapshot & Growth Engine
15.2 Piston
15.3 Diaphragm
16 Rotary
16.1 Market Snapshot & Growth Engine
16.2 Gear
16.3 Lobe
16.4 Peristaltic
16.5 Vane
16.6 Others
17 End-User
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
18 Industrial
18.1 Market Snapshot & Growth Engine
18.2 Oil & Gas
18.3 Water & Wastewater
18.4 Food & Beverage
18.5 Chemical
18.6 Power
18.7 Mining
18.8 Pharmaceutical
18.9 Others
19 Agricultural
19.1 Market Overview
20 Commercial
20.1 Market Overview
21 Residential
21.1 Market Overview
22 Geography
22.1 Market Snapshot & Growth Engine
22.2 Geographic Overview
23 Apac
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Product
23.4 Centrifugal
23.5 Reciprocating
23.6 Rotary
23.7 End-User
23.8 Industrial
23.9 Key Countries
24 Europe
24.1 Market Overview
24.2 Market Size & Forecast
24.3 Product
24.4 Centrifugal
24.5 Reciprocating
24.6 Rotary
24.7 End-User
24.8 Industrial
24.9 Key Countries
25 North America
25.1 Market Overview
25.2 Market Size & Forecast
25.3 Product
25.4 Centrifugal
25.5 Reciprocating
25.6 Rotary
25.7 End-User
25.8 Industrial
25.9 Key Countries
26 Middle East & Africa
26.1 Market Overview
26.2 Market Size & Forecast
26.3 Product
26.4 Centrifugal
26.5 Reciprocating
26.6 Rotary
26.7 End-User
26.8 Industrial
26.9 Key Countries
27 Latin America
27.1 Market Overview
27.2 Market Size & Forecast
27.3 Product
27.4 Centrifugal
27.5 Reciprocating
27.6 Rotary
27.7 End-User
27.8 Industrial
27.9 Key Countries
28 Competitive Landscape
28.1 Competition Overview
29 Key Company Profiles
29.1 Alfa Laval
29.2 Wilo
29.3 Xylem
29.4 the Weir Group
29.5 Torishima
29.6 Sulzer
29.7 Spx Flow
29.8 Ksb
29.9 Kirloskar Brothers
29.10 Franklin Electric
29.11 Flowserve
29.12 Desmi
29.13 Circor
29.14 Baker Hughes
29.15 Nikkiso
30 Other Prominent Vendors
30.1 Arian Pumps
30.2 Ar North America
30.3 Bosch Rexroth
30.4 Cp Pumpen AG
30.5 Dover
30.6 Masdaf
30.7 Norm Hydrophore Pump
30.8 Sempa
30.9 Sumak Pump
30.10 Vesta Pump
30.11 Vansan
30.12 Samsun Makina Sanayi
30.13 Sahinler Submersible Pumps
30.14 Pumpport
30.15 Jetox Pumps
30.16 Ebara
30.17 Grundfos
30.18 Global Pump
30.19 Haight Pumps
30.20 Hermetic-Pumpen
30.21 Iwaki America
30.22 Klaus Union
30.23 Kracht
30.24 Leistritz Group
30.25 Naniwa Pump
30.26 Netzsch
30.27 Pentair
30.28 Roper Pumps
30.29 Ruhrpumpen
30.30 Seko
31 Report Summary
31.1 Key Takeaways
31.2 Strategic Recommendations
32 Quantitative Summary
32.1 Product
32.2 End-User
32.3 Market by Geography
32.4 Apac
32.5 Europe
32.6 North America
32.7 Middle East & Africa
32.8 Latin America
33 Appendix
33.1 Abbreviations

Companies Mentioned

  • Alfa Laval
  • WILO
  • Xylem
  • The Weir Group
  • Torishima
  • Sulzer
  • SPX FLOW
  • KSB
  • Kirloskar Brothers
  • Franklin Electric
  • Flowserve
  • DESMI
  • CIRCOR
  • Baker Hughes
  • Nikkiso
  • Arian Pumps
  • AR North America
  • Bosch Rexroth
  • CP Pumpen AG
  • Dover
  • Masdaf
  • Norm Hydrophore Pump
  • Sempa
  • Sumak Pump
  • Vesta Pump
  • Vansan
  • Samsun Makina Sanayi
  • Sahinler Submersible Pump
  • PUMPPORT
  • Jetox Pumps
  • Ebara
  • Grundfos
  • Global Pump
  • Haight Pumps
  • HERMETIC-Pumpen
  • Iwaki America
  • Klaus Union
  • Kracht
  • Leitritz Group
  • Naniwa Pump
  • Netzsch
  • Pentair
  • Roper Pumps
  • Ruhrpumpen
  • SEKO

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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