3,600+
Viewed by
4.5
Ratings
10
Countries Tracked
30
Suppliers Covered
20
Clients Served
4%
Savings Generated
$9.4 Bn
$8.9 Bn
$19.2 Bn
$8.8 Bn
The global industrial pump market is projected to grow at a CAGR of 4-5 percent to $54.6 billion by 2020. The APAC is the largest demand-generating region with 38 percent of the global pump market, followed by North America and Europe. Developing regions such as LATAM, the Middle East, Africa, and APAC will promote the growth of the global pump market. The industrial pumps market is dominated by Tier-1 suppliers who have the ability to produce pumps of high quality and tailored specifications. In developing regions, the key driver of the industry is the demand for pumps which has increased due to urbanization and infrastructure development. However, in developed regions, the demand is driven by constant process improvements in manufacturing.
The report provides a detailed analysis of the global industry outlook and the various opportunities and challenges in the industrial pumps market. It also covers the key technological trends in the pump industry, including energy-efficient and renewable pumps, smart sensors & remote monitoring, predictive software, and engineered machined products (EMP). The report also discusses the procurement strategies and provides a comprehensive overview of major industry suppliers.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Industrial Pumps covers the following
Drivers
Driven by End-user industries
Driven by Efficiency and Advanced Technology
Strong demand from replacement market
Constraints
Raw material price fluctuation
Regulations
Industrial Pumps
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