Industrial pumps are a machine that transfigures the mechanical energy that it absorbs from the thermal, electrical, or any other kind of motor. It transforms it into a fluid as hydraulic energy which allows the transportation of fuel from one place to another. The market for industrial pumps has recently experienced strong demand as a result of the rising demand from a number of industries, including agriculture, construction, municipal, sewage & waste, among others. Additionally, the integration of industry 4.0 compels businesses to upgrade their infrastructure, which is anticipated to support demand for industrial pumps during the projection period. The need is also expected to be driven by the usage of industrial pumps in numerous applications, including fluid management for large volumes, chemical processing, pressured fluid/water, and water movement.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34872
The Industrial Pumps Market is expected to grow at a steady rate of around 6% during the forecast period (2022-2028) owing to the increasing adoption of centrifugal pumps for agriculture applications along with the increasing investment in wastewater treatment plants around the world. Major companies in the market are focusing to provide industrial pumps with technologically advanced features along with new product launches, collaboration, and mergers & acquisitions. For instance, in June 2022, Atlas Copco acquired Shandong Jinggong Pumps Co. Ltd. a Chinese manufacturer of industrial vacuum pumps & systems which strengthened its presence in the Asia-Pacific region.
According to UnivDatos Market Insights (UMI)’ research report “Global Industrial Pumps Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing adoption of agriculture applications along with water & wastewater treatment.
Based on type, the market is segmented into reciprocating, centrifugal, rotary, and other. The centrifugal segment is expected to witness significant market growth owing to its increasing demand in the industries such as hydrocarbon processing, water injection, pipeline service, and water & wastewater treatment among others to deal with the high volume of liquids irrespective of the pressure. Also, centrifugal pumps are more suitable in the chemical industry and handling solid particle which is carried in fluid suspension. Additionally, the lower weight, lower price, and requirement of less space for the installation of centrifugal pumps are expected to propel the demand.
𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=34872
Based on the operation, the market is segmented into hydraulic, electrical, and air driven. The electrical segment is expected to witness significant CAGR during the forecast period owing to its ability to handle both liquid and solid as well as to increase production across the industries. Electric pumps are also more effective and require less servicing. The electrical segment is also estimated to assist market expansion during the forecast period as it imposes less exposure to breakdown and malfunction along with lower operational costs than its counterpart. Furthermore, the increasing demand for electrical pumps in different industries including mining, oil & gas exploration, and water treatment industries among others owing to the system design and reduced fueled pressure is expected to propel the demand for the electricity-driven segment.
APAC to witness extensive growth.
For a better understanding of the market adoption of the industrial pumps industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to rapid industrialization and economic expansion. Also, the growth in the manufacturing sector, oil & gas industries, and increasing demand for usable water among others will support the market growth. Furthermore, lower manufacturing costs coupled with lower labor costs along with the merger & acquisition, and new product launch in the industrial pumps market will propel the market growth. For instance, in April 2020, Pleuger Industries a global firm expanded its presence in Singapore in order to strengthen its presence in Asia. Additionally, the increasing investment in infrastructural development and increasing research & development activities are expected to propel the market growth during the forecast period.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the industrial pumps market are Flowserve Corporation, Grundfos Holding A/S, KSB SE & Co. KGaA, Iwaki Co. Ltd., SPX Flow, Sulzer Ltd., Xylem, Ingersoll-Rand, Pentair, and Atlas Copco AB.
“Global Industrial Pumps Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Type (Reciprocating, Centrifugal, Rotary, and Other)
2. By Operation (Hydraulic, Electrical, and Air Driven)
3. By Application (Chemical, Oil & Gas, Power Generation, General Industry, and Water & Wastewater, Other)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Flowserve Corporation, Grundfos Holding A/S, KSB SE & Co. KGaA, Iwaki Co. Ltd., SPX Flow, Sulzer Ltd., Xylem, Ingersoll-Rand, Pentair, and Atlas Copco AB)
Key questions answered in the study:
1. What are the current and future trends of the global industrial pump industry?
2. How the industry has been evolving in terms of type, application, and operation?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global industrial pump industry?
5. What is the customer orientation, purchase behavior, and expectations from the global industrial pumps’ suppliers across various region and countries?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE INDUSTRIAL PUMPS MARKET
6 INDUSTRIAL PUMPS MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY OPERATION
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
11 INDUSTRIAL PUMPS MARKET DYNAMICS
12 INDUSTRIAL PUMPS MARKET OPPORTUNITIES
13 INDUSTRIAL PUMPS MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER