Market Share of Commercial Pumps Industry
The commercial pumps market is consolidated due to a major share of the market is occupied by top players. Moreover, due to fluctuating raw material cost and high set up cost, it is difficult for a new player to enter the market. Some of the key players in the market arePentair Inc.,Xylem Inc., Grundfos GmbH,Armstrong Fluid Technology,Franklin Electric,Patterson Pumps,Parker Hannifin Corp.,IDEX Corporation,CG Power and Industrial Solutions Limited, among others.
- April 2019 - Parker Hannifin Corporation, the global leader in motion and control technologies,announced that it has entered into a definitive agreement to acquire LORD Corporation for approximately $3.675 billion in cash.LORD, headquartered in Cary, North Carolina, is a privately-held company founded in 1924 offering a broad array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies. LORD’s products are used in mission-critical applications in the aerospace, automotive and industrial markets. LORD has annual sales of approximately $1.1 billion and employs 3,100 team members across 17 manufacturing and 15 research and development facilities globally.
- February 2018 - Xylem Inc. announced the acquisition of EmNet, LLC, a prominent US company known for its smart solutions that are specialized in systems for managing the urban water cycle and wastewater and stormwater. This acquisition is expected to expand Xylem’s growing portfolio of advanced infrastructure analytics solutions and capabilities.
Commercial Pumps Market Leaders
Pentair Inc.
Xylem Inc.
Parker Hannifin Corp.
CG Power and Industrial Solutions Limited
Patterson Pumps
*Disclaimer: Major Players sorted in no particular order
