5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Pump Market is segmented by Type (Centrifugal Pump and Positive Displacement Pump), End-user Industry (Oil and Gas, Water and Wastewater, Chemicals and Petrochemicals, Mining Industry, Power Generation, and Other End-user Industries), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa)
Fastest Growing Market:
The pump market is expected to witness a CAGR of more than 4.7%, majorly due to increasing demand from the end-user industries, such as oil and gas, water and wastewater, chemicals and petrochemicals, and mining industry, among others. Moreover, due to recovery in oil price and the increasing number of onshore and offshore fields reaching their maturity, exploration and production activity is expected to make a shift toward deeper offshore regions, which result in increasing offshore deepwater projects. This, in turn, is expected to drive the pump market during the forecast period. However, technological advancements in the alternative option of the conventional pumps, such as solar pumps, are expected to hinder the pump market during the forecast period.
The development of water and wastewater infrastructure has become imperative, due to the surging demand for water. The demand for pumps from the water and wastewater industry is growing rapidly on account of the massive development of water infrastructure. This, in turn, is expected to propel the pump market during the forecast period
Furthermore, the manufacturing of pumps has witnessed the combination of 3D printing technology, combined with computer modeling. This has led to a cutting edge development in pump design, repair, and replacement, which, in turn, drives the global pump market and provides opportunity for the market in the future.
Asia-Pacific dominated the market across the world, in 2018, with majority of the demand coming from China and India. It is the fastest-growing region in the market studied, followed by North America.
The pump market report include:
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
To understand geography trends, Download Sample Report.
The pump market is moderately fragmented, due to many companies operating in the industry. The key players in this market include Flowserve Corporation, Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd, Ebara Corporation, Weir Group PLC, Schlumberger Ltd, Baker Hughes Company, and Clyde Union Inc., among others.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast, in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Centrifugal Pump
5.1.2 Positive Displacement Pump
5.2 By End-user Industry
5.2.1 Oil and Gas
5.2.2 Water and Wastewater
5.2.3 Chemicals and Petrochemicals
5.2.4 Mining Industry
5.2.5 Power Generation
5.2.6 Other End-user Industries
5.3 By Geography
5.3.1 North America
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Flowserve Corporation
6.3.2 Grundfos Holding AS
6.3.3 KSB SE & Co. KGaA
6.3.4 ITT Inc.
6.3.5 Sulzer Ltd
6.3.6 Ebara Corporation
6.3.7 Weir Group PLC
6.3.8 Schlumberger Ltd
6.3.9 Baker Hughes Company
6.3.10 Clyde Union Inc.
6.3.11 Dover Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS