SNS Insider Black Friday Offer
Industrial Pumps Market

Industrial Pumps Market Size, Share & Segmentation 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), by Regions and Global Market Forecast 2022-2028

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.

Industrial Pumps Market Revenue Graph

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.

MARKET DYNAMICS:

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.

OPPORTUNITY:

  • Considerable exploration activity in the unconventional gas and oil industry, both onshore and offshore.

  • Industrial pump technical improvement is expected to give profitable prospects.

CHALLENGES:

  • 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.

MARKET ESTIMATION:

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

  • Centrifugal

  • Reciprocating

  • Rotary

  • Other

On The Basis of Position

  • Submersible

  • Non-Submersible

On The Basis of Driving Force

  • Engine-Driven

  • Electrical Driven

On The Basis of End-User

  • Oil & Gas

  • Chemicals

  • Power Generation

  • Water & Wastewater

  • General Industry

Industrial Pumps Market Segment Chart

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

KEY PLAYERS:

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.

Industrial Pumps Market report Scope
Report Attributes Details
Market Size in 2021 US$ 59.28  Billion
Market Size by 2028 US$ 84.53 Billion
CAGR CAGR 5.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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: - 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. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

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

8.1 Centrifugal

8.2 Reciprocating

8.3 Rotary

8.4 Other

 

9. Industrial Pumps Market Segmentation, by Position

9.1 Submersible

9.2 non-Submersible

 

10. Industrial Pumps Market Segmentation, by Driving force

10.1 Engine-Driven

10.2 Electrical Driven

 

11. Industrial Pumps Market Segmentation, by End-User

11.1 Oil & Gas

11.2 Chemicals

11.3 Power Generation

11.4 Water & Wastewater

11.5 General Industry

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 ATLAS COPCO AB

13.1.1 Financial

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

 

15. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.