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2022 North American Pump Equipment: OEM and Rental Markets

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    Report

  • 65 Pages
  • September 2022
  • Region: North America
  • Verify Markets
  • ID: 5671747

Pump Equipment Companies Benefit from Market Opportunities Despite Supply Chain Constraints

The North American Pump Equipment: OEM and Rental Markets is projected to grow over 7.0% in 2022. The market is expected to be driven by increasing oil & gas prices, population and urbanization growth, the consequential increase in residential and non-residential construction activities, and water and wastewater infrastructure expansions and upgrades. Revenues derived from pump equipment rental were estimated to be over $1.5 billion in 2021 and reach over $2.5 billion in 2028. Sales of new pump equipment were estimated to be over $2.0 billion in 2021 and are expected to grow at a CAGR of over 3.0% from 2021 to 2028.

This study aims to provide a detailed analysis of the North American Pump Equipment Market along with qualitative trends for the year 2021.

The market numbers included in this report represent revenues generated by companies operating in the pump equipment market in the United States and Canada, both manufacturing and rental. The base year for the study is 2021 and the forecast period is from 2021 until 2028. The report captures the growth drivers, restraints, market trends, market share by revenue, and the competitive supplier landscape.

The North American Pump Equipment: OEM and Rental Markets are mature and competitive with the presence of local, regional, and national market participants trying to gain market share and maintain a foothold in the market. The market is projected to experience moderate growth during the next seven years driven by growing urbanization, an increase in long-term construction activities, and upgrades to water and wastewater infrastructure.

Rental pump equipment is defined as a portable unit system that typically consists of a pump, engine, and other operating components assembled on a skid, trailer, or cage.

The pump rental market can be mainly divided into two segments based on the type of rental contract:

  1. Transactional model: A temporary contract where the rental company offers the equipment at a fixed price and provides basic services such as regular on-site service, maintenance, and 24/7 technical support.
  2. Project Solutions: A medium to long-term contract where the rental company provides the equipment as well as piping systems and the labor associated with rental activities, including job-site system design, delivery/setup, equipment monitoring/maintenance, and deconstruction/equipment pickup at the end of the job.

This study captures the following information:

  • Market Size, Growth Rate, Revenue Forecasts (2021-2028)
  • Growth Drivers and Restraints
  • Market Data
  • Quotes by Industry Participants
  • Market Share Analysis
  • Market Trends 

Companies Featured: 

  • Major rental market participants include: Sunbelt Rentals, United Rentals, Xylem Inc. (Godwin), Rain for Rent, and HERC Rentals Inc., Global Pumps, Mersino Equipment Rental, MacAllister Machinery Company, Inc., and Moving Water Industries (MWI Pumps), among others.
  • Major OEM market participants include: Flowserve Corporation, Xylem Inc., Sulzer Ltd., ITT Gould Pumps, KSB, Wilo, Gundfos, EBARA International Corporation, Gorman-Rupp Pumps, and Pentair, among others. 
Frequently Asked Questions about the North American Pump Equipment Rental Market

What is the estimated value of the North American Pump Equipment Rental Market?

The North American Pump Equipment Rental Market was estimated to be valued at $1.5 Billion in 2021.

What is the growth rate of the North American Pump Equipment Rental Market?

The growth rate of the North American Pump Equipment Rental Market is 7.6%, with an estimated value of $2.5 Billion by 2028.

What is the forecasted size of the North American Pump Equipment Rental Market?

The North American Pump Equipment Rental Market is estimated to be worth $2.5 Billion by 2028.

Who are the key companies in the North American Pump Equipment Rental Market?

Key companies in the North American Pump Equipment Rental Market include EBARA International Corporation, Flowserve Corporation, Global Pumps, Gorman, Rupp Pumps, Gundfos, HERC Rentals Inc., ITT Gould Pumps and MacAllister Machinery Company Inc..

Table of Contents


I. Research Scope, MethodologyII. Segmentation by End-user and Pump Type
III. Executive Summary
a. Revenues by End-user
b. Major Data Points
c. Pump Equipment Manufacturing Market Revenues, 2021 & 2028
d. Pump Equipment Rental Market Revenues, 2021 & 2028
e. Major Trends
f. Market Drivers
g. Market Restraints
h. Main Market Participants

IV. Market DriversV. Market Restraints
VI. Market Trends
a. Energy Efficiency
b. Smart Pumps
c. Diesel Vs Electrical Pumps
d. Wastewater Monitoring
e. Rental Models
f. Non-Clog Capabilities

VII. Market Data
i. Pump Equipment Revenues by Market Segment
a. Pump equipment by size (0-4 inches, 4-8 inches, 8-12 inches, more than 12 inches)
b. Pump equipment by type: characteristics and common applications
ii. Pump Equipment Rental Market
a. Pump equipment rental market revenues (2021-2028)
b. Pump equipment rental market revenues by end user, 2021 (municipality, construction, oil & gas, industrial, mining, others)
c. Pump equipment rental market revenues by end user, est. 2028 (municipality, construction, oil & gas, industrial, mining, others)
iii. Pump Equipment Manufacturing Market
a. Pump equipment rental market revenues (2021-2028)
b. Pump equipment rental market revenues by end user, 2021 (municipality, construction, oil & gas, industrial, mining, others)
c. Pump equipment rental market revenues by end user, est. 2028 (municipality, construction, oil & gas, industrial, mining, others)
d. Pump equipment rental market revenues by type, 2021 (pumps, aftersale parts, services, accessories)
e. Pump equipment rental retrofit vs. new construction

VIII. Competitive Landscape
a. Pump equipment rental market share by company, 2021
b. Pump equipment manufacturing market share by company, 2021
c. Competitive factors
d. Quotes from the industry

Samples

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Executive Summary

Most pump equipment OEMs have been affected by supply chain constraints. However, longer lead times for new pump equipment have benefited the rental market. Rental pumps are used during the replacement of old equipment or in new installations,” notes Georgina Carraway, Research Manager.

The shortage of skilled personnel has also limited the growth potential of the market during 2021. North American pump rental companies and OEMs are having difficulty finding and retaining skilled talent. This shortage can often result in poor system design, installation, and difficulty in troubleshooting a problem during maintenance and repair. To overcome this challenge, companies are focusing on training and increasing the incentives for existing employees. Some companies are also focused on growing their digital-enabled service capabilities to move from a scheduled-based maintenance model to usage-based, predictive maintenance.

Despite these challenges, companies are optimistic about the future. The municipal and construction market segments are projected to continue expanding during the next years due to urbanization, population growth, and aging water infrastructure.  Moreover, market participants expect that the U.S Infrastructure Bill will boost the demand for pump equipment in these sectors during the forecast period.

The North American Pump Equipment: OEM and Rental Markets report has been segmented by end user, type of pump and pump size. Main customers include municipality, construction, oil & gas, industrial, and mining.  The oil & gas sector is one of the main end users of pump equipment in North America. As rising oil & gas prices have increased profit margins in the sector, companies are expanding existing plants, driving the pump retrofit market. In the long-term forecast period, the oil & gas sector is expected to reduce its share of the market, as a long-term capital investment in the hydrocarbon industries is projected to decrease.

Some of the key companies covered in this report include major rental market participants like Sunbelt Rentals, United Rentals, Xylem Inc. (Godwin), Rain for Rent, and HERC Rentals Inc., Global Pumps, Mersino Equipment Rental, MacAllister Machinery Company, Inc., and Moving Water Industries (MWI Pumps), among others. Major OEM market participants include Flowserve Corporation, Xylem Inc., Sulzer Ltd., ITT Gould Pumps, KSB, Wilo, Gundfos, EBARA International Corporation, Gorman-Rupp Pumps, and Pentair, among others. The report captures various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends and competitive landscape.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • EBARA International Corporation
  • Flowserve Corporation
  • Global Pumps
  • Gorman-Rupp Pumps
  • Gundfos
  • HERC Rentals Inc.
  • ITT Gould Pumps
  • KSB
  • MacAllister Machinery Company Inc.
  • Mersino Equipment Rental
  • Moving Water Industries (MWI Pumps)
  • Pentair
  • Rain for Rent
  • Sulzer Ltd.
  • Sunbelt Rentals
  • United Rentals
  • Wilo
  • Xylem Inc.
  • Xylem Inc. (Godwin)

Methodology

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