Pumps Market Analysis
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 global pumps market is
estimated to expand at 4.70% CAGR during the forecast period.
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Industry Highlights
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.
Industry 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.
Regional Analysis
The regional analysis of the
pump market globally comprises of regions such as Europe, Asia Pacific, South
America, North America, Middle East, and Africa. The global market for pumps is
anticipated to observe extensive growth throughout the forecast period due to rising
investments in water & wastewater management sector. The infrastructure
for water & wastewater treatment plants globally has led to the development
of digital oil fields that will provide the opportunity for the global pumps
market. An important condition for the digital oilfield consists of precision
and efficient control of flow from the wells and oilfields. Therefore, the pump
systems demand is anticipated to rise considerably in the coming years.
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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