Pumps Market Size By Type (Portable, Stationary), By Position (Submersible, Non-submersible), By Driving Force (Engine Driven, Electrical Driven), By Technology (Centrifugal Pumps, Diaphragm Pumps), By Application (Mining, Building & Construction, Oil & Gas, Industrial, Municipal), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Mar 2019 | 264 Pages | Report ID: GMI3212 | Authors: Kiran Pulidindi, Hemant Pandey Report Format: PDF

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Industry Trends

Pumps Market size was valued at over USD 74 billion in 2018 and will witness gains over 2.4% CAGR by 2025.

U.S. pumps market by application, 2014 - 2025 (USD Million)

U.S. pumps market by application, 2014 - 2025 (USD Million)

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Rapid industrialization in developing countries resulting in positive growth indicators across mining, oil & gas industry and water infrastructure are the key driving factors for the global market. For instance, in 2016 the number of oil & gas rigs across the world was 1,768 which increased to 2,057 by November 2017, this trend is expected to continue and anticipated to boost the global market during the forecast period. Spending in the fixed investment in developed countries is increasing as it enables manufacturers in different industries to expand and upgrade their manufacturing facilities, this trend is expected to continue which will significantly boost the global market over the forecast period. Rapidly growing agriculture sector and increasing investment in water infrastructure and wastewater treatment across the globe is expected to boost the global market during the forecast period.

Rapidly growing building & construction industry and food & beverage industry in Asia Pacific is expected to propel the growth of the market. The overall construction spending in China was close to USD 1.8 trillion in 2018 and is likely to exhibit gains close to 4% over the forecast timeframe. Similarly, construction spending in India was close to USD 500 billion in 2018 and will witness above average industry growth of close to 6% by 2025. Such massive investment and escalating trends in Asia Pacific will subsequently propel the market size by 2025. Additionally, continuously growing mining activities in the region will complement industry growth.

High manufacturing, operational and maintenance cost is the key restraining factor for the global pumps market. Despite of high manufacturing and maintenance cost, rapidly growing demand for pumps from various end-use industries for different applications such as mining, oil & gas, municipal, agricultural, etc. will further drive the global market over the forecast period.

Pumps Market, By Type

China Pumps Market By Type, 2018

China Pumps Market By Type, 2018

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On the basis of type, the global market has been segmented into portable pumps and stationary pumps. Portable pumps are small, self-priming pumps and are most suitable for various applications such as emergency use in fire brigade, building & construction, industrial dewatering, etc. In 2018 global pumps market size was led by the stationary pumps and was valued over USD 60 billion and is expected to grow at a CAGR of close to 2% during the forecast period.

Pumps Market, By Position

On the basis of position of the pumps, global market is categorized into submersible pumps and non-submersible pumps. Submersible pumps are driven by electric motor and are enclosed in a housing which is immersed in water. Submersible pumps are suitable for high volume applications. Non-submersible pumps cannot be immersed in water. The non-submersible pumps are expected to lead the market in future which was valued over USD 46 billion in 2018 and is expected to grow at a CAGR of 2.3% during the forecast period.

Pumps Industry, By Driving Force

Engine driven pumps are run by providing diesel or petrol. These pumps are specifically used when there is no source of electricity is available for providing power to the motor of pump. Electrical driven pumps utilize electricity as a power source and are most commonly used pumps at present. Electrical driven pumps market share was valued over USD 55 billion in 2018 and is expected to lead the market by 2025 growing at a CAGR of 2.4%.

Pumps Market, By Technology

On the basis of technology, the global market can be categorized as centrifugal pumps, diaphragm pumps and others. Centrifugal pumps are the most commonly used types of the pumps which utilizes the centrifugal mechanism fundamental. Centrifugal pumps utilize the rotating impeller for moving water into the pump by centrifugal mechanism. These pumps offer a continuous pressure and can be used as sump pumps by horizontal or vertical centrifugation. Centrifugal pumps offer high flow rate and can be used for all types of the liquid even for liquids with low viscosity. In 2018 the global market was led by the centrifugal pumps which was valued over USD 50 billion and is expected grow with a CAGR of 1.9% from 2019 to 2025.

Pumps Industry, By Application

Pumps are used for several industrial as well as domestic applications. The most common applications of the pumps include mining, building & construction, oil & gas, industrial, municipal, others. In mining pumps are used for several purposes which mainly include mine dewatering, transfer of slurry, mineral processing, wastewater transfer, reagent dosing, etc. In 2018 global market for industrial applications was valued over USD 30 billion which is expected to lead the global market growing at a CAGR of over 2.5% during the forecast period.

Pumps Market, By Region

Based on region, at present Asia Pacific is the leader in global market followed by the Europe and North America. Asia Pacific pumps market size was valued over USD 35 billion and is expected to grow at a highest CAGR of 3.0% during the forecast period owing to rapidly growing industrialization in the region. Emerging economies such as China and India along with Japan are the major contributors for the growth of the market in the region.

Competitive Market Share

Global pumps market share is competitive with presence of various medium and large scale manufacturers such as 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, etc.

Most of the industry players in the market are engaged in R&D for new product development to expand their product portfolio and thereby increase their customer base. For instance, in September 2015, Gorman-Rupp, a pump manufacturing company, launched a new series of horizontal end suction centrifugal pumps.

Industry Background

Pumps Market Segmentation

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Pumps is a device which moves liquids, gases and slurries from one place to other place by mechanical action. Different types of pumps are available based on the power supply, position, driving force, mechanism, etc. Pumps are used in several industries for the transfer of fluids (solutions, solvents, reagents, etc.) gases and slurries which mainly include mining, oil & gas, municipal, food and beverage, building and construction, agriculture, etc. Rapid industrialization In Asia Pacific, Latin America and parts of Eastern Europe will boost the market size during the forecast period.

What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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