1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
Pump Market - Global Outlook and Forecast 2020-2025

Pump Market - Global Outlook and Forecast 2020-2025

  • November 2020
  • 307 pages
  • ID: 5986834
  • Format: PDF
  • Arizton

Summary

Table of Contents

Search Inside

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Pump Market Report

The global pump market by revenue is expected to grow at a CAGR of close to 5% during the period 2019–2025.

The industry is expected to witness truncated growth on account of the outbreak of the COVID-19 pandemic. The pump sale in the APAC region is expected to have steady growth, with the increasing expenditure on infrastructural development projects and investment is likely to aid market growth. Several Asia Pacific countries, including China and India, are expected to witness remarkable gains with expansion in agriculture, industrial, and building services sectors during the forecast period. In 2019, the US was the third-largest market owing to its strong process manufacturing firms, wastewater treatment plants, and the well-established oil and gas industries. Although growth modalities in major industries such as oil & gas, maritime, pulp & paper, and metals and mining have temporarily suppressed in 2020 on account of the pandemic, the demand for freshwater supplies and sanitation is expected to influence the market in developing countries.

The following factors are likely to contribute to the growth of the pump market during the forecast period:
• Increasing Demand for Water and Wastewater Treatment Plants
• Improving Living Standards in Developing Countries
• Growing Merger and Acquisition Activities

The study considers the present scenario of the pump market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Pump Market Segmentation
The global pump market research report includes a detailed segmentation by product type, end-user, geography. The global centrifugal pump market is expected to reach over $56 billion by 2025. Although the product centrifugal devices are experiencing increased applications across end-user sectors, they are particularly useful for low viscosity and thin materials such as liquids or wastewater. They have a high demand in China, India, Vietnam, and other Asian countries in the power plants sector. High demand from the water and wastewater industry in North America and APAC is expected to augur well for the growth of the centrifugal segment. Single Stage, Multistage, Submersible, and Turbine are the major revenue contributors to the centrifugal market.

The demand for the pump is expected from end-user industries such as oil and gas, water and wastewater, chemicals and petrochemicals, and the mining industry. The recovery in crude oil prices and the increasing volume of onshore and offshore fields, including development, evaluation, and construction activities of the fields will lead to an expansion in the oil & gas sector. The expansion is expected to contribute to the development of deep-water offshore enterprises, for deeper offshore areas, thereby increasing demand for centrifugal, particularly submersible pump.

Product Type
• Centrifugal
• Single Stage
• Multistage
• Submersible
• Turbine
• Others
• Reciprocating
• Piston
• Diaphragm
• Rotary
o Vane
o Gear
o Lobe
o Peristaltic
End-user Type
• Industrial
• Oil & Gas
• Water & Wastewater
• Food & Beverage
• Chemical
• Power
• Mining
• Pharmaceutical
• Others
• Commercial
• Hospitality
• Hospitals
• Public Utilities
• Others
• Agricultural
• Residential

INSIGHTS BY GEOGRAPHY
Improving economic conditions in the APAC region are projected to generate enormous opportunities for pump manufacturers. In developing countries, high competition from low-cost suppliers and the extreme impact of the recent recession are major barriers to the pumping industry development in the region. The Chinese pump market is expected to grow at a healthy rate during the forecast period owing to several developments in the country. The demand has been growing as several markets grow in the country with higher investment. The rising demand for aerosol products has increased the demand for pumps in Japan. The pump market in India is highly fragmented and competitive with a large number of small and medium-sized companies aiming to increase the market share. Madhya Pradesh, Maharashtra, Tamil Nadu, Karnataka, and Andhra Pradesh are the major markets of agricultural pumping systems in India.

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

INSIGHTS BY VENDORS
The global pump market is highly competitive, and the major key competitive factors are differentiating product line along with efficiency, product reliability, service capabilities, and cost-efficiency. Vendors are actively investing in R&D to develop fundamental technology to establish competitiveness. They are differentiating themselves by enhancing product development, focusing on aftersales services, and increased operational efficiency. A high level of competitive capability through technological upgrades, particularly in the area of energy efficiency and digitalization, is expected to boost the competition in the market.

Prominent Vendors
• Alfa Laval
• Baker Hughes
• CIRCOR
• Desmi A/S
• Flowserve
• Franklin Electric
• Kirloskar Brothers
• KSB
• Nikkiso
• SPX Flow
• Sulzer
• Torishima
• Weir
• Wilo
• Xylem

Other Prominent Vendors
• AR North America
• Bosch Rexroth
• CP Pumpen AG
• Dover
• Ebara
• Grundfos
• Global Pump
• Haight Pumps
• HERMETIC-Pumpen
• IDEX Corp
• Iwaki America
• Klaus Union
• Kracht
• Leitritz Group
• Naniwa Pump
• Netzsch
• Pentair
• Roper Pumps
• Ruhrpumpen
• Seepex
• Seko
• Summit Pump
• Vaughan

Key Questions Answered:
1. What is the pump market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the pump market share?
3. What is the growth of the Asia pump market share during the forecast period?
4. Who are the leading vendors in the pump market?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on