Pumps Market Outlook by Competitive Strategy and Growth Factor Report to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-15
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Pumps Market Outlook by Competitive Strategy and Growth Factor Report to 2025

The overall Pumps Market is slated to depict a valuation of USD 91 billion by 2025, having registered a remuneration of USD 70 billion in 2018. The worldwide Pumps Market to register a CAGR of 2.4% over the period of 2019–2025.

Driven by unprecedented growth in the global construction and oil & gas sectors, pumps market has registered considerable proceeds since the last few years. Specifically in the oil & gas industry, robustly designed pumps are required for applications like gasoline transfer, injection tasks, chemical transfer or steam stripping.

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The product, traditionally driven by fixed speed electric motors, offers enough momentum to transport oil and other fluids from one location to another. However, pumps driven by a variable speed electric motor drive system are now considered a better option in most cases.

Aided by highly efficient pumps such as centrifugal, oil transfer, positive displacement, diaphragm, and petrochemical pumps, oil can effectively be extracted from under the ground to a tanker and then to a refinery. The product is also useful for chemical processing, methanol injection, glycol pumping, gas sweetening, and water disposal, thus offering an efficient solution for transporting liquids in diverse industries. Furthermore, rapid urbanization in developed countries has also led to a growing number of O&G extraction processes in recent years, supplementing pumps market share.

The rapidly expanding construction sector in the Asia Pacific is expected to bring about a spate of opportunities for the pumps market contenders. APAC’s construction markets, especially China, seemingly one of the largest regional construction grounds, are said to undergo a massive change in terms of remuneration and volume in the next few years. China alone is expected to depict significant growth prospects as the country looks to shift toward a services-led economy and implement more sustainable construction policies.

Increased urbanization has also led to development of smart cities across China. According to China’s 13th Five-Year-Plan, the country aims to optimize urban space through high-capacity infrastructure, public transport, mixed-use development, and green city planning. These initiatives are speculated to enhance the demand for pumps in the region, thereby augmenting the growth graph of the APAC pumps industry.

Top Companies

Atlas Copco, Xylem Inc, Gorman rupp, MultiQuip, Magnum, Generac, Wacker Neuson, Gardner Denver, Grundfos, Flowserve Corporation, Sulzer Ltd., EBARA CORPORATION, Schlumberger, Shimadzu Corporation, Baker Hughes

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In a bid to tackle global climate changes and widespread droughts, the wastewater management sector has, of late, registered increased demand for pumps. Wastewater treatment is vital in the residential, commercial as well as in industrial sector, across the chemical, pharmaceutical, food processing, manufacturing and several other domains, as it can potentially remove bacteria and other chemicals that can cause severe harm to humans and environment.

However, irrespective of different industries employing different types of treatment processes, all wastewater and sewage treatment plants commonly depend on wastewater pumps for undertaking their operations. These pumps are used to move wastewater from the collection pit to the treatment plant and back, and once purified, are used to move the treated water to places where it is required or to a storage tank.

Split by product type, the market has been divided into

  1. Portable
  2. Stationary

The report includes a lot of details pertaining to the production, growth rate of each segment, remuneration, price, as well as segmental market share.

Split by application, the market is divided into

  1. Mining,
  2. Building & Construction
  3. Oil & Gas
  4. Industrial
  5. Municipal

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

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What are the key takeaways of this report?

  1. A well-detailed evaluation of the pricing trends has been given in the report, pertaining to the product, application, as well as regional landscapes
  2. A well-detailed analysis of the vendor matrix alongside the important companies that will help to better understand the competitive scenario in the global market
  3. Important insights pertaining to the regulatory spectrum surrounding the industry, along with the investments by many shareholders in the global market
  4. A significantly deep evaluation of the many parameters propelling the overall market growth in combination with their influence on the projection as well as dynamics of the global market
  5. A detailed understanding of the numerous available growth opportunities in the global industry
  6. An extensive evaluation of the various trends prevailing in the global business space


About Author

Rahul Varpe

Email: [email protected]ews.marketsizeforecasters.com   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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