Global Pumps Market Analysis And Future Outlook: Ken Research

Posted October 12, 2019 by kenresearch6

Rotary Pumps dominated among the Positive Displacement pumps Rotary pumps dominate this market as they are used in fuel oil handling.
Global Positive Displacement Pumps Market Segmentation
Rotary Pumps dominated among the Positive Displacement pumps Rotary pumps dominate this market as they are used in fuel oil handling, lubrication and cooling in power plants. Demand for rotary pumps is also increasing in the food Industry which can indicate why rotary pumps account for the larger share. Reciprocating pumps are used in situations where the viscosity of the fluid is high and (or) the fluid contains particulate matter. It is used in industries such as Waste water treatment, Oil and Gas (down Stream), mining and others. This ratio will likely remain the same by 2023, as applications of these pumps are generic and reluctant to change, not to mention the growth of end user industries specific to each pump; will proportionally increase the demand for both of these pumps. Rotary Pumps accounted for revenue of USD ~ Million, with a revenue share of ~% in 2018.

Global Pumps Market Segmentation- By End Users
Type of End Users for Positive Displacement: The Oil and Gas sector will have a reduced market share in the future, owing to depletion of natural oil sources, and countries investing in alternate sources of energy. The Chemicals industry will increase due to overall growth of chemicals end products globally. As global applications for chemicals increase, so will the demand for said chemicals. The Food and Beverage industry will increase as increased consumption of packaged and processed food. The Water and Waste Water industry will show the highest increase as global demand for water is increasing specially from developing and third world countries. The Pharmaceuticals market will rise due to global increase in demand of medication. The Power Generation market will remain relatively stable as demand from Asia Pacific is increasing offsetting the slowdown of the industry from depletion of coal.

Global Pumps Market Segmentation by Type of End Users for Centrifugal Pumps:
The Oil and Gas market is expected to witness a fall in market share as natural resources deplete and nations look towards alternate sources of fuel. The water and waste water sector will witness a rise due to growing demand for fresh water and rising investments into water filtration plants from both public and private players. The share of the Power Generation market will fall as positive displacement pumps are primarily used in cooling systems of nuclear power plants. The Metals and mining sector is expected to remain neutral with no major expected surge in demand. The Agriculture Sector is expected to rise as demand for energy efficient pumps for agriculture is expected to increase, with a special focus on solar pumps.

Global Pumps Market Segmentation- By Regions
The market in the Americas region is likely to increase due to growing demand from Latin American countries. Demand for power generation, due to the growing population and abundance of gas, will generate investment across the region. Progressive expansion of the chemical process industry will increase demand for pumps. The European markets will decrease as the markets have become saturated. Germany, France, Italy, and the United Kingdom have mature markets and offer less opportunities for new pump projects. The Asia Pacific market will also decrease as demand is expected to slowdown. In the past, pump manufacturers from China and India have vastly improved the quality of pumps and transformed Asia Pacific into a major market, in the coming future however, markets in this region are expected to reach near maturity levels. Middle East and Africa will see a significant rise as these nations, Africa specially have a very high demand in the water and Waste water segments. The growing number of desalination plants in the Middle East and Africa is bound to generate demand for pumps.

Competitive Landscape Covered in the Report
The market is currently in the Maturity Stage, with major players relying on Inorganic Growth to stay competitive and market entry for newer players is difficult. Regional players rely on niche industries to sustain operations and global players look for new countries to expand their global presence. The competition is highly concentrated globally and highly fragmented on a country basis. Major Players include Grundfos, EBARA, WILO, KSB, Baker Hughes, Xylem, Flowserve, Kirloskar Brothers and others globally and, Ruhrpumpen, Broaching Machine Specialties, IMBIL, Indústria e Manutenção pumps, Rotomac Industries Pvt Ltd, Sonho Pumps, Water engg Services FZE, PUMPEN, DESMI regionally. Market Players compete on factors such as technological innovation, regions served, industries served, prices, after sales service, quality of products and others.

What Are The Future Estimations About the Global Pumps Market and its Segmentations?
The global pumps market is estimated to grow at a CAGR of ~% over the forecast period of 2018-2023E. The market is estimated to grow due to industry wide trends such as digitization of pumps, growing urbanization, and increasing demand of sanitized water. Centrifugal pumps are expected to retain the higher market share as applications for centrifugal pumps in the water and waste water sector increase over the forecast period. Among end users, the water and waste water sector will retain the highest market share for both centrifugal and positive displacement pumps. Geographically, the Asia Pacific region is expected to retain the highest market share by 2023, but the MEA (Middle East and Africa) region is expected to showcase the highest growth.

For more information on the research report, refer to below link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Ken Research
Phone 7982655376
Business Address Ken Research Pvt. Ltd., Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Country India
Categories Construction , Manufacturing
Tags global pumps industry , global pumps market , global pumps market research report
Last Updated October 12, 2019