CATEGORY

Industrial Pumps

Industrial pumps are used across multiple industries in order to move many different types of fluids including water,chemical,petroleum,oil,slurry etc. from one point to another in the industry based on application

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Industrial Pumps.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Category Alerts


CATEGORY ALERTS

Grundfos quits Russia and Belarus

January 25, 2023
alert level: Medium
CATEGORY ALERTS

Tencarva Machinery acquires Fischer Process Industries

August 24, 2022
alert level: Medium
CATEGORY ALERTS

Atlas Copco completes acquisition of Lewa and Geveke

August 04, 2022
alert level: Medium

Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Industrial Pumps

Schedule a Demo

Industrial Pumps Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Industrial Pumps category is 5.50%

Payment Terms

(in days)

The industry average payment terms in Industrial Pumps category for the current quarter is 90.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Schedule a Demo
Meet Abi

The World’s first Digital Market Analyst

    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi

    Industrial Pumps Suppliers


    79,600
    Total Suppliers
    4,013
    Diverse Suppliers
    81
    Normalized Supplier Rating
    Industrial Pumps Supplier

    Find the right-fit industrial pumps supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Schedule a Demo
    Sample Supplier
    Company
    WW Grainger
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    3
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    54
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    42
    Human rights
    49
    Community Environment
    55
    Corporate governance
    56
    Human resources
    27
    Security Scorecard
    85

    Threat indicators
    B
    89
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    69
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    83
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    grainger.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    1
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    1
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    55
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Industrial Pumps market frequently asked questions


    As per Beroe's analysis, the pump market is expected to grow at a CAGR of 4 ' 5 percent bringing the valuation close to $54.6 Billion. On a global scale, the APAC region is the largest demand-generating region capturing ~38 percent of the global market, followed by North America And Europe. The market is dominated mostly by the Tier-1 industrial pumps suppliers who produce pumps of high-quality and customize it as per requirements.

    According to Beroe's pumps market report, countries like the U.S., Germany, UK, Ireland, France, Australia, and Japan fall in the segment of high maturity regions, while countries like Eastern Europe, Brazil, Saudi Arabia, UAE, and Saudi Arabia fall into the low market maturity region for the pumps industry.

    The global pump market size is ruled by the APAC region at a whopping valuation of $19.2 Bn. The second place is captured by North America (~$9.4 Bn), followed by Europe and the Middle East ' Asia at a valuation of $8.9 Bn, and $8.8 Bn respectively.

    Industrial Pumps market report transcript


    Global Pump Market Outlook

    • The global pump market was valued at $65.12 billion in 2022(E).

    • The market is forecast to grow at a CAGR of 4–5 percent to $90–100 billion by 2028

    • The US held the largest share in the North American market in 2021.

    Global Industrial Pump Market Maturity

    • The global pump market is estimated to be $65.12 billion in 2022 (E) and is forecasted to grow at a CAGR of 4–5 percent to $80–90 billion by 2028

    • Asia-Pacific accounted for the largest share of 43 percent in 2021

    • The pump market is extremely fragmented and competitive, catering to a variety of industries with vast end-user segments and suppliers

    Global Industrial Pump Market: Drivers and Constraints 

    • Raw material price fluctuation and environmental laws & regulations, with regard to water and waste disposal and air emission are the key constraints

    • Development activities in oil & gas, agriculture, construction and wastewater sectors are the primarily growth drivers of the pump industry

    Drivers 

    • Increasing oil & gas exploration activities in North America and the Middle East

    • Growing mining activities in the Asia-Pacific region

    • Emerging application of submersible pumps in wastewater treatment

    • Demand for Pumps from the Agricultural Sector – As a part of sustainable agriculture goal of UN, the growth in the agricultural sector with emerging farms and cultivation fields will warrant a heavy supply of pumps of various types, and the vendors in the pumps market will be reaping the benefits of this noticeable demand influx

    • There is a remarkable surge in the construction of commercial properties, such as malls and corporate offices - evidently, these buildings are incorporated with fire protection systems and sanitation system, which require pumps for the flow of water, which further flourishes the pumps market

    Constraints

    Raw material price fluctuation

    • Fluctuations in currency exchange rate, as well as fluctuations in raw material prices, risk net revenue and operating margin of global manufacturers, respectively

    Regulations

    • Stringent environmental laws and regulations, with regard to water and waste disposal and air emission

    • Non-industrial pump manufacturers in developing countries enter the attractive industrial pump segment by taking advantage of their low-cost manufacturing base and distribution network. It indicates a major threat to global industrial pump manufacturers

    Cost Drivers and Cost Structure : Industrial Pumps

    • Steel is the highly correlated material in the cost index of pumps followed by aluminium and copper. Though stainless steel is associated with manufacturing of industrial pumps. The trend of steel captures the material movement

    • The average electricity price decreased from 35.67 €/MWh in to 32.43 €/MWh in the quarter, which is a decrease of 9.1 percent over the previous month. The price decrease is due to the warmer weather in Europe compared to previous month, due to which there was decrease in the heating demand

    • Average wholesale electricity prices in the Euro Zone are expected to increase, as the reservoir levels will decline compared to the levels in previous year and this will trigger the price increase

    Key Price Drivers : Industrial Pumps

    • The major factors affecting price points and margins are large volume orders, specifications of the product and quality of the product.

    • The variations in price points and margins between a local and global supplier are primarily due to quality and criticality in terms of specifications and operations.

    Volume

    • The quantity and frequency of the order from a buyer significantly affect the conversion time for suppliers and hence affect pricing levels. For low to medium critical products discounts based on volumes can be provided by the manufacturer. For highly specification based and critical products volume discounts are tough to bargain with manufacturers.

    Quality

    • The quality of the product is another attribute based on which price points and margins are arrived at by manufacturers. Global manufacturers use quality as a selling point for their products and similarly for their spare parts also.

    Technical Specification

    • Products which need high-end customized specification based on criticality of operations have higher price points and margins and global manufacturers benefit from this attribute the most due to the ability to manufacture high critical specification driven products.

    Why You Should Buy This Report

    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.

    Interesting Reads:

    Discover the world of market intelligence and how it can elevate your business strategies.

    Learn more about how market intelligence can enable informed decision-making, help identify growth opportunities, manage risks, and shape your business's strategic direction.

    Get Ahead with AI-Enabled Market Insights Schedule a Demo Now

    Schedule a Demo Now