Pump is a mechanical device which is required to move fluids
and compress gases inside pipeline or hose. They are used to produce pressure
by the creation of a suction (partial vacuum) which causes the fluid to rise to
a higher altitude. There are two main type of pumps, namely, positive
displacement and dynamic. Pumps are mainly used for pumping water in the
industrial and residential applications. They are also majorly used in
agriculture sector, power generation plants, municipal water and wastewater
plants, and chemical industries, among others.
The growing demand for pumps market is attributed to the rising investments in water &
wastewater industry, growing infrastructure development across the globe, and
rising demand for water conservation globally. Countries such as China, India, US,
Germany, and Middle Eastern countries are focusing on investment in water and
wastewater treatment plants in order to improve the efficiency of water
intensive industries such as paper & pulp, oil & gas, power, and chemicals.
For instance, currently, United Arab Emirates is spending USD 15 billion on
wastewater treatments plants. One of the major restraints for the global pumps
market is slowdown in exploration activities.
Market
Segmentation
The pumps market has been segmented based on type into
positive displacement and dynamic. Positive displacement segment held the
largest market share of the global pumps market. These pumps will move the
fluid at same speed regardless of the pressure on the inlet end i.e. they have
ability to produce a consistent flow rate. Moreover, these pumps can handle a
variety of fluid types: shear sensitive fluids; high, low and variable
viscosity; solids; and liquids with a high percentage of air or gas
entrainment. All these factors have resulted in higher share of positive
displacement pumps. Dynamic is the fastest growing segment in the global pumps
market and is majorly used in water & wastewater treatment plants.
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Full Report @ https://www.marketresearchfuture.com/reports/pumps-market-7423
Leading
Players
The key players of the global pumps market are Xylem
(US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International
(US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara
Corporation (Japan), Pentair (US), Someflu (France), Baker Hughes, A GE Company
(US), and Weir (UK).
Scope of the Report
This research report
provides insights into various levels of analysis, such as industry analysis
and market share analysis for the leading industry competitors, along with
their profiles. It also helps in studying the target segments by providing
views on the emerging & high-growth segments. The market data comprises the
basic assessment of the competitive scenarios and strategies in the global
pumps market, including high-growth regions and/or countries, and political and
economic environments. The project report further provides both – historical
market values and pricing & cost analysis
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