Pumps Market 2020 Key Strategies, Historical Analysis, Segmentation and Comprehensive Research till 2023

Pumps Market Analysis:

Pump refers to a mechanical device which moves liquids or compressed gases through suction or pressure. They are extensively used across diverse industry verticals for a myriad of applications. Market Research Future (MRFR's) recent report on the global Pumps Market consists of meaningful insights which are derived through a thorough analysis of pertinent factors impacting the market. MRFR's analysis projects a CAGR of 4.70% in the pumps market over the forecast period of 2018-2023.

The demand for pumps is likely to increase on a global scale in developed nations, a favorable environment for fixed investment spending is prompting manufacturers to invest in up gradation of capabilities. In the developing countries, the pumps market is growing due to heightened investment in water infrastructure to facilitate access to drinking water and sanitation. Moreover, in the developed countries, aging water infrastructure provides modest growth opportunities for the pumps market.

Other factors substantiating the market growth include demand for pumps from the aftermarket segment. Rising manufacturing activity in harsh environments such as those in the chemical industry can also be credited for the growth of the pumps market. Other substantiating the growth of the market includes growing urbanization in emerging economies, infrastructure developments across the globe, and rising demand from the construction industry. The governments in multiple countries have enacted regulations for sustainable water systems which induce demand for pumps.

Competitive Landscape

Ingersoll-Rand (Ireland), ITT Corporation (US), The Weir Group (UK), Danfoss (Denmark), Wilo AG (Germany), Grundfos (Denmark), KSB (Germany), Sulzer (Switzerland), Flowserve (US), Nikkiso Co Ltd (Japan), Ebara Corp (Japan), Roper Industries (US), and Schlumberger (US) are the key players in the pumps market.

Pumps Market Segmentation

The global Pumps market has been segmented on the basis of type and end-user.

By type, the pumps market has been segmented into positive displacement and dynamic pumps. The dynamic pump segment is leading the market on account of its widespread application in water and wastewater treatment plants.

By end-user, the pumps market has been segmented into oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food beverage, and others. The water & wastewater segment is anticipated to capture the highest CAGR over the forecast period. Growing awareness regarding the reuse of water across the globe. Moreover, the industrial sector consumes massive volumes of water due to which waste water treatment becomes necessary.

Regional Analysis

Region-wise, the pumps market has been segmented into North America, South America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

In 2017, the largest share of the market was held by APAC. The pumps market is flourishing in the region due to rapid infrastructural activities in the region, which generates high demand for pumps. Additionally, rising urbanization in the region has raised the demand for useable water, which has consequently driven the waste water treatment industry, a primary end user of the pumps market. Moreover, growing scarcity of water has increased the level of awareness regarding sustainable water systems. Moreover, supportive government plans and growing demand from the construction industry is substantiating the growth of the market in the region. The APAC market is anticipated to be the fastest-growing market for pumps.

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World Pumps Market 2020: Development Status, Emerging Technologies, Future Plans and Trends by Forecast 2023

World Pumps Market Overview

Pump refers to a mechanical device which moves liquids or compressed gases through suction or pressure. They are extensively used across diverse industry verticals for a myriad of applications. Market Research Future (MRFR's) recent report on the global pumps market consists of meaningful insights which are derived through a thorough analysis of pertinent factors impacting the market. MRFR's analysis projects a CAGR of 4.70% in the pumps market over the forecast period of 2018-2023.

The development of the municipal sector has considerably increased the demand for pumps globally. The intensifying demand for industrial liquid transportation in the steel, power, and domestic sectors is expected to inspire the pumps market further globally. The increase in the level of areas that are irrigated has improved primarily due to the implementation of pumps to transport water to larger areas of land. The market for pumps globally is expected to be encouraged by increasing urbanization and innovations in the market.

Accelerated oil production has also provided favorable opportunities for the growth of the market. Mining industry too generates a considerable amount of the demand for pumps. Moreover, with the rise in disposable income in emerging economies, the global pumps market is likely to benefit from increased spending on goods such as fuel, chemicals, and food & beverage.  Positive displacement pumps have witnessed high demand in recent years due to the expansion of process manufacturing activities

Competitive Analysis

The progress capability of the market is bolstered by the accretive nature of the assets available in the market. The market is projected to accomplish an absolute lead in the market place owing to improved strategies in specific areas. Additionally, the deals being coined in the market are likely to additionally inspire the development of the market in the impending years. The absorbed expenses in the market are readily dispensed with, opening more room for the development in the market. The companies functioning in the market are persistently taking on the hindrances to progress and are forming strategies that are projected to guide to a beneficial outcome on the market's advancement. The advancement of the market is upgraded chiefly due to the reduction in promotional and miscellaneous expenses. An intensified growth pace is observed due to the productive effect exerted by the market forces both externally and internally.

Prominent Players

The important contenders in the Pumps market globally are Sulzer (Switzerland), Grundfos (Denmark), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Schlumberger (US), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Nikkiso Co Ltd (Japan), Wilo AG (Germany), Ingersoll-Rand (Ireland), and Roper Industries (US), among others.

World Pumps Market Segmental Analysis

The segmentation of the World Pumps Market is carried out on the basis of type, end-user, and region.

On the basis of type, the pumps market is segmented into dynamic and positive displacement.

The segmentation of the pumps market on the basis of end-user comprises of power generation, chemicals, water & wastewater, pharmaceutical, oil & gas, food & beverage, and others.

The regions included in the pump market globally are South America, Europe, Asia Pacific, North America, Middle East, and Africa.

Regional Analysis

Region-wise, the pumps market has been segmented into North America, South America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

In 2017, the largest share of the market was held by APAC. The pumps market is flourishing in the region due to rapid infrastructural activities in the region, which generates high demand for pumps. Additionally, rising urbanization in the region has raised the demand for useable water, which has consequently driven the waste water treatment industry, a primary end user of the pumps market. Moreover, growing scarcity of water has increased the level of awareness regarding sustainable water systems. Moreover, supportive government plans and growing demand from the construction industry is substantiating the growth of the market in the region. The APAC market is anticipated to be the fastest-growing market for pumps.

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Global Pumps Market 2020 Gross Margin, Outstanding Growth, status, Price, Business Opportunities and Key Findings till 2023

Global Pumps Market

Pump refers to a mechanical device which moves liquids or compressed gases through suction or pressure. They are extensively used across diverse industry verticals for a myriad of applications. Market Research Future (MRFR's) recent report on the global pumps market consists of meaningful insights which are derived through a thorough analysis of pertinent factors impacting the market. MRFR's analysis projects a CAGR of 4.70% in the pumps market over the forecast period of 2018-2023.

The demand for pumps is likely to increase on a global scale in developed nations, a favorable environment for fixed investment spending is prompting manufacturers to invest in up gradation of capabilities. In the developing countries, the Global Pumps Market is growing due to heightened investment in water infrastructure to facilitate access to drinking water and sanitation. Moreover, in the developed countries, aging water infrastructure provides modest growth opportunities for the pumps market.

Accelerated oil production has also provided favorable opportunities for the growth of the market. Mining industry too generates a considerable amount of the demand for pumps. Moreover, with the rise in disposable income in emerging economies, the global pumps market is likely to benefit from increased spending on goods such as fuel, chemicals, and food & beverage.  Positive displacement pumps have witnessed high demand in recent years due to the expansion of process manufacturing activities. Other factors substantiating the market growth include demand for pumps from the aftermarket segment. Rising manufacturing activity in harsh environments such as those in the chemical industry can also be credited for the growth of the pumps market. Other substantiating the growth of the market includes growing urbanization in emerging economies, infrastructure developments across the globe, and rising demand from the construction industry. The governments in multiple countries have enacted regulations for sustainable water systems which induce demand for pumps.

Segmentation

The global Pumps market has been segmented on the basis of type and end-user.

By type, the pumps market has been segmented into positive displacement and dynamic pumps. The dynamic pump segment is leading the market on account of its widespread application in water and wastewater treatment plants.

By end-user, the pumps market has been segmented into oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food beverage, and others. The water & wastewater segment is anticipated to capture the highest CAGR over the forecast period. Growing awareness regarding the reuse of water across the globe. Moreover, the industrial sector consumes massive volumes of water due to which waste water treatment becomes necessary.

Regional Analysis

Region-wise, the pumps market has been segmented into North America, South America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

In 2017, the largest share of the market was held by APAC. The pumps market is flourishing in the region due to rapid infrastructural activities in the region, which generates high demand for pumps. Additionally, rising urbanization in the region has raised the demand for useable water, which has consequently driven the waste water treatment industry, a primary end user of the pumps market. Moreover, growing scarcity of water has increased the level of awareness regarding sustainable water systems. Moreover, supportive government plans and growing demand from the construction industry is substantiating the growth of the market in the region. The APAC market is anticipated to be the fastest-growing market for pumps.

Competitive Landscape

Ingersoll-Rand (Ireland), ITT Corporation (US), The Weir Group (UK), Danfoss (Denmark), Wilo AG (Germany), Grundfos (Denmark), KSB (Germany), Sulzer (Switzerland), Flowserve (US), Nikkiso Co Ltd (Japan), Ebara Corp (Japan), Roper Industries (US), and Schlumberger (US) are the key players in the pumps market.

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Pumps Market Demand, Opportunities, And Regional Development by 2023

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.

Browse Full Research Report at: https://www.marketresearchfuture.com/reports/pumps-market-7423

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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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

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+1 646 845 9312

Email: sales@marketresearchfuture.com

Pumps Market Share, Trends, Segmentation, Outlook, Regional Analysis and Forecast to 2023

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.  

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7423

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.

Browse 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

View More Info @ https://on.mktw.net/2IZapd4

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com