Report Id: SNS/EQIP/1191 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Industrial Pumps Market size was valued at USD 59.28 Bn in 2021 and is expected to reach at USD 84.53 Bn by 2028, and grow at a CAGR of 5.2% over the forecast period 2022-2028.
A pump is a mechanical device that moves fluid or slurries from one location to another. It works on reciprocating and rotating mechanics and can be powered by manual operation, electricity, engines, or wind power. Pumping water from wells, fuel injection, cooling towers, and other processes are all possible with this pump. The industrial pump is a heavy-duty application pump that is used to transport a variety of materials such as water, chemicals, fuel, wastewater, tar, sludge, slurry, or food.
There are many different types of pumps on the market, but centrifugal and positive displacement pumps are the most widely utilized for industrial applications. Pumps can be powered by a variety of sources, including wind, electricity, physical labor, and even motors. Mechanical pumps are used in a variety of sectors, including automotive, where they are used for aeration, water cooling, and fuel injection, to mention a few. They're also used to filter aquariums, ponds, and other water bodies. They are employed as a biomechanical technique in the medical business.
Chemicals and wastewater treatment are examples of different uses.
Demand for modern manufacturing facilities comes from a variety of businesses.
Raw material price fluctuations are expected to constrain expansion.
Considerable exploration activity in the unconventional gas and oil industry, both onshore and offshore.
Industrial pump technical improvement is expected to give profitable prospects.
Price fluctuations have a detrimental influence on capital investments, resulting in a lack of investment in creating low-cost industrial methods and current technologies.
IMPACT OF COVID-19:
Because to the shutdown of industrial businesses, the governments of several nations have imposed lockdown measures in anticipation of the beginning of the COVID-19 pandemic in 2020. Furthermore, the epidemic has caused delays in the distribution of raw materials, hurting global manufacturing capacity. Furthermore, the COVID-19 pandemic has halted manufacturing and sales of a variety of industrial pumps, owing to the protracted lockdown in key worldwide countries such as the United States, Italy, the United Kingdom, and others. In 2020, this considerably impacted the growth of the industrial pumps market.
Centrifugal pumps dominated the market in 2021. Due to their minimal maintenance, these products are widely used in a variety of applications, including water supply, fire prevention systems, sewage disposal, food and beverage industries, and chemical industries. The fast building of residential and commercial infrastructure, as well as the expansion of the manufacturing sector, are driving the worldwide centrifugal pumps market. Positive displacement pumps are predicted to rise rapidly throughout the projection period, as reciprocating pumps gain popularity as a result of their better efficiency than centrifugal pumps and their use in precision dosing and high-pressure output applications. The present sophisticated refining process, which involves high temperatures, high pressures, and the capacity to handle volatile fluids, has spurred investment in specialized reciprocating pumps. As a consequence, the positive displacement pump market is expected to increase during the projected period, propelling this industry forward.
The market was driven by the water and wastewater treatment category. Water pumping systems are in high demand due to the growing demand for water treatment facilities to fulfil the world's growing water shortage demands across municipalities and industry
The chemical industry's demand for these goods is expected to grow at the fastest rate over the projected period. As a supplier of raw materials for a variety of industries, the chemical industry is one of the most important contributors to industrial economic growth. Because of growing concerns about employee safety and the environment, the use of these goods in the chemical industry is projected to increase. Dewatering, removing surplus water to prevent waterlogging, cement manufacture, dyeing operations, roofing tile production, and dust trapping are all applications that need industrial pumps in the construction sector. Peristaltic pumps are utilized in construction for chemical dosing and cement slurry transfer.
KEY MARKET SEGMENTS:
On The Basis of Type
On The Basis of Position
On The Basis of Driving Force
On The Basis of End-User
Oil & Gas
Water & Wastewater
In 2021, Asia Pacific leads the market with the highest rate of percent. As groundwater levels in the region decline, water reuse has grown more popular in recent years, leading in an increase in the usage of pumps in the construction of water and wastewater infrastructure, resulting in increased demand for the commodity.
Europe's economy will be fueled by rising energy demand and the government's sustained investment in renewable energy sources. Furthermore, rigorous legislation aimed at minimizing water pollution is expected to play a significant part in increasing demand for water treatment in the municipal and industrial sectors, which will propel this industry forward during the projected period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Atlas Copco Ab, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Itt Inc., Ksb Se & Co. Kgaa, Sulzer Ltd., The Gorman-Rupp Company, The Weir Group Plc, Xylem Inc.
|Market Size in 2021||US$ 59.28 Billion|
|Market Size by 2028||US$ 84.53 Billion|
|CAGR||CAGR 5.2% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Centrifugal, Reciprocating, Rotary, Other)
• by Position (Submersible and Non-Submersible)
• by Driving Force (Engine-Driven and electrical Driven))
• by End-User (Oil & Gas, Chemicals, Power Generation, Water & Wastewater, General Industry)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Atlas Copco Ab, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Itt Inc., Ksb Se & Co. Kgaa, Sulzer Ltd., The Gorman-Rupp Company, The Weir Group Plc, Xylem Inc.|
|Key Drivers||•Chemicals and wastewater treatment are examples of different uses.
•Demand for modern manufacturing facilities comes from a variety of businesses.
|Restraints||•Raw material price fluctuations are expected to constrain expansion.|
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Industrial Pumps market is 2022-2028.
Ans: - Chemicals and wastewater treatment are examples of different uses.
Ans: - The segments covered in the Industrial Pumps Market report for study are type, position, driving force and end-use.
Ans: - In 2021, Asia Pacific leads the market
Ans: - The major key players are Atlas Copco Ab, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Itt Inc., Ksb Se & Co. Kgaa, Sulzer Ltd., The Gorman-Rupp Company, The Weir Group Plc, Xylem Inc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Pumps Market Segmentation, by Type
9. Industrial Pumps Market Segmentation, by Position
10. Industrial Pumps Market Segmentation, by Driving force
10.2 Electrical Driven
11. Industrial Pumps Market Segmentation, by End-User
11.1 Oil & Gas
11.3 Power Generation
11.4 Water & Wastewater
11.5 General Industry
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 ATLAS COPCO AB
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 EBARA CORPORATION
13.3 FLOWSERVE CORPORATION
13.4 GRUNDFOS HOLDING A/S
13.5 ITT INC.
13.6 KSB SE & CO. KGAA
13.7 SULZER LTD.
13.8 THE GORMAN-RUPP COMPANY
13.9 THE WEIR GROUP PLC
13.10 XYLEM INC.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
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