Report Id: SNS/EQIP/1195 | May 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Pumps Market size was valued at USD 89.10 Bn in 2021 and is expected to reach at USD 119.15 Bn by 2028, and grow at a CAGR of 3.71% over the forecast period 2022-2028.
Pumps are devices that employ mechanical action to transfer fluids (liquids or gases) and slurries. Pumps are categorized according to their functioning mechanism, although they all operate on the same concept of using energy and moving fluid by mechanical action. Pumps can be operated manually or with the help of electricity Apart from the many industries where pumps are used, such as agriculture, pharmaceuticals, chemicals, and others, the primary application sector that is driving the pumps market revenue is oil and gas.
Pumps are growing more crucial as infrastructure and other key functions such as wastewater treatment and energy generation become more developed. Furthermore, the number of end-user applications has grown in recent years, and the worldwide pumps market value is expected to grow in tandem with the oil and gas industry's continued rise. Pumps employ kinetic energy, which can originate from wind power, electricity, and a number of other sources, particularly in industries, to move fluid.
Water conservation and wastewater treatment improvements.
Increased industrial activity and infrastructural renovation.
Agricultural Sector Development.
Heavy losses in the agricultural sector were unexpected.
Raw material costs that fluctuate.
Increased awareness of the importance of producing energy-efficient goods
Many small pump manufacturers are actively offering excellent alternatives at competitive prices.
Chemical assaults and a constant flow of chemicals via the pumps drastically diminish the pumps' lifetime.
Market participants are not working on new products.
IMPACT OF COVID-19:
The pandemic has had an impact on various industries, slowing down production and supply lines. To combat the epidemic, the governments of the countries have enforced lockdown and limited movement. As a result of poor demand, the majority of end-users have lost a considerable portion of their revenue in recent years.
In 2028, the demand for stationary pumps is expected to be higher. The category will rise due to increasing industrial operations, particularly in the Asia Pacific. Pumps are also used in sewage pumping stations, municipal and industrial wastewater treatment plants, building wastewater treatment systems, hospitals, schools, and communities, among other places. By 2028, the market for submersible pumps is expected to grow at a positive rate. Because single-stage centrifugal pumps are used extensively for irrigation, drainage, general industrial pumping, sewage pumping, and slurry pumping. Electrical Submersible Pumps are the name for these electrically operated pumps (ESP). To get the fluid out, the submersible applies direct pressure via the pipe or hose.
In terms of volume, the engine-driven pumps market is expected to grow at a positive rate in 2028. Engine-driven pumps can be controlled by a portable running engine that runs on diesel or gasoline. These are widely utilized on construction sites and in isolated places because of their portability. Engine-driven pumps come in a variety of designs, each tailored to specific power and pressure need, and are used to safely transport fluids and chemicals. Many lightweight pumps, for example, are intended to pump water, while others may pump slurries. By 2028, the market for centrifugal pumps is expected a positive growth. Centrifugal pumps are intended to transfer fluid via impellers using mechanical forces. Fluids are subjected to shear stress and are guided towards the exit by rotating impellers.
KEY MARKET SEGMENTS:
On The Basis of Type
On The Basis of Position
On The Basis of Driving Force
On The Basis of Technology
Positive Displacement Pump
On The Basis of End User
Building & construction
Oil & Gas
Water & wastewater treatment
Pump industry expansion in the United States has been boosted by rapid infrastructure construction. Additionally, in order to operate in the next years, the water, wastewater treatment, and energy conservation systems will require significant investment. In addition, the country intends to upgrade existing water treatment systems in ageing residential and commercial buildings. Pump market growth is predicted to be attributed to increased infrastructure development across the country. In the year 2021, Asia-Pacific is actively interested in developing its countries, and it is predicted to have a larger market in the foreseeable year. In nations like China, India, and Brazil, the introduction of infrastructure development projects has encouraged water treatment, building, and power production operations. Pump Market growth has been ascribed to such causes.
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 Aqua Group, Best Engineers Pumps, Commitment Reliability Innovation (C.R.I), CNP Pumps, Deccan, Duke Plasto Technique, ELLEN, Endura Pumps, Falcon Pumps, and Grundfos.
|Market Size in 2021||US$ 89.10 Billion|
|Market Size by 2028||US$ 119.15 Billion|
|CAGR||CAGR 3.71% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Portable and Stationary)
• by Position (Submersible and Non-submersible)
• by Driving Force (Engine-Driven and Electric-Driven)
• by Technology (Dynamic Pumps, Positive Displacement Pump, Reciprocating)
• by End User (Mining, Building & Construction, Oil & Gas, General industries, Water & wastewater treatment, Chemicals, Power generation)
|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||Aqua Group, Best Engineers Pumps, Commitment Reliability Innovation (C.R.I), CNP Pumps, Deccan, Duke Plasto Technique, ELLEN, Endura Pumps, Falcon Pumps, and Grundfos.|
|Key Drivers||•Increased industrial activity and infrastructural renovation.
•Agricultural Sector Development.
|Restraints||•Heavy losses in the agricultural sector were unexpected.
•Raw material costs that fluctuate.
Frequently Asked Questions (FAQ) :
Ans: - Pumps Market Size was valued at USD 89.10 Bn in 2021.
Ans: - Water conservation and wastewater treatment improvements.
Ans: - 5 segments of the Smart Air Purifier Market.
Ans: - The major key players are Aqua Group, Best Engineers Pumps, Commitment Reliability Innovation (C.R.I), CNP Pumps, Deccan, Duke Plasto Technique, ELLEN, Endura Pumps, Falcon Pumps, and Grundfos.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
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. Pumps Market Segmentation, by Type
9. Pumps Market Segmentation, by Position
10. Pumps Market Segmentation, by Driving force
11. Pumps Market Segmentation, by Technology
11.1 Dynamic Pumps
11.2 Positive Displacement Pump
12. Pumps Market Segmentation, by End-user
12.2 Building & construction
12.3 Oil & Gas
12.4 General industries
12.5 Water & wastewater treatment
12.7 Power generation
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Aqua Group
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Best Engineers Pumps
14.3 Commitment Reliability Innovation (C.R.I)
14.4 CNP Pumps
14.6 Duke Plasto Technique
14.8 Endura Pumps
14.9 Falcon Pumps
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
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