Industrial Pumps Market Analysis, Trends, Forecast & Outlook

Industrial Pumps Market Description

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.

Report Coverage

Regional Market Outlook- North America, Europe, APAC, Middle East & Africa, LATAM
Key Technology: 3D Printing in Pump Industry
Mergers and Acquisitions
Global Supplier List and Product Portfolio

Industrial Pumps Market Trend, Analysis & Forecast

Category Intelligence on Industrial Pumps covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Industrial Pumps Executive Summary

1.1 Global Pump Market
1.2 Industry Outlook—2017
1.3 Supply Market Outlook

2. Industrial Pumps Market Analysis

2.1 Global Pump Industry Market Maturity
2.2 Global Pump Industry Trends
2.3 Global Demand & End-User Segmentation
2.4 Global Pump Market Drivers and Constraints
2.5 Regional Market Outlook
2.6 Key Technology Trends in Pump Industry
2.7 Porter’s Five Forces Analysis—Global
2.8 Key Mergers and Acquisitions

Global Pump Market Outlook

The global pump market was valued at $47.6 billion in 2017
The market is forecast to grow at a CAGR of 4–5 percent to $54.6 billion by 2020
APAC is the highest demand-generating geography, followed by North America and Europe

industrial-pumps-market-global-market-size

Global Pump Market Maturity

The global pump market is valued to be $47.6 billion in 2017, and it is expected to grow at a CAGR of 4–5 percent until 2020
APAC accounts for approximately 38 percent of the global pump market, and it is expected to remain in a similar range (40–42 percent) until 2020
The pump market is extremely fragmented and competitive, catering to a variety of industries with vast end-user segments and suppliers

Global Market Drivers and Constraints

The demand drivers vary by region: In developing regions the demand for pumps increases due to urbanisation and infrastructure development. However, in developed regions, the demand is driven by continuous process improvement in manufacturing.
Oil and gas and wastewater sectors are the primarily growth drivers: The unceasing drilling activities drive the demand in case of oil producing regions such as the Middle East. Also, the boom in hydraulic fracturing in the oil and gas sector drives the demand for process equipment in the US

Drivers

Driven by End-user industries

Increasing demand for water and wastewater treatment from emerging countries due to ever-increasing population, urbanisation and resource scarcity

Driven by Efficiency and Advanced Technology

Emphasis on energy efficiency will increase the demand for efficient and sustainable equipment.
Speciality pumps and pumps with advanced technology like remote monitoring facilities will boost the market.

Strong demand from replacement market

Growing demand from replacement segment increases the scope for global manufacturers in aftermarket parts and services

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

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