Global Heavy-Duty Pumps Market size is expected to reach US$ 21.83 Bn. by 2029, at a CAGR of 3.7% during the forecast period.Global Heavy-Duty Pumps Market Introduction
A heavy-duty pump is an industrial pump that is used to efficiently transport highly viscous, corrosive, or abrasive materials like chemicals, sewage, crude oil, and others from one place to another. The capacity of these pumps to withstand temperatures of up to 400 degrees Celsius and pressures of up to 80 bar is the primary factor for their increased demand in industries. These pumps are used in a variety of industrial applications, including chemical transmission, oil and gas transmission, sewage transmission, and other heavy-duty applications.Heavy-Duty Pumps Market Snapshot
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Global Heavy-Duty Pumps Market Dynamics
Increasing demand for electricity and increased power usage around the world is driving up demand for these pumps, resulting in increased market growth. The increase in global oil consumption drives the oil and gas industry, which is expected to create opportunities for the heavy-duty pump market. The water and wastewater management industry has been fuelled by rapid urbanization and industrialization, which will indirectly boost the market for heavy duty pumps over the forecast period. Governments all over the world are investing in infrastructure projects to meet the demands of an ever-increasing population. In the last decade, water resource management has gotten a lot of attention around the world. Countries are trying to improve water resource management in order to meet the demand for water as the world's population grows. To remain ahead in the competitive market, manufacturers are implementing new tactics such as mergers and acquisitions and expanding their product portfolios. Caterpillar Inc., headquartered in the United States, was listed as the world's top heavy equipment maker, ahead of Sweden's Volvo Group and Illinois-based Deere & Company, with overall sales revenue of more than 50 billion dollars. Approximately 40% of the market for oil and gas pumps is controlled by key market players, thanks to their diverse product range. Market players' key strategies include new product releases, business and supply chain alliances, and strategic acquisitions. The increased rise in demand for oil as a result of rising population and industrialization has fueled demand for heavy duty pumps in the oil and gas industry for a variety of applications. The Sinopec Group, based in China, is one of the most profitable and largest oil and gas companies in the world. The corporation earned 394.5 billion dollars in sales in 2019. The business focuses on aspects of the oil and gas industry, including petroleum and petrochemical engineering ventures, oil and natural gas exploration and development, and storage and transportation. This rise in the oil & gas industry is indirectly impacting the growth of heavy-duty pumps market.Global Heavy-Duty Pumps Market Segment Analysis
In 2022, the centrifugal pump segment dominated the pumps market in the oil and gas industry, with the largest market share of xx%. For processes involving low viscosity liquids and high flow speeds, centrifugal pumps are favored. Centrifugal pumps come in a number of shapes and sizes, and they're used in a wide range of applications. According to the World Health Organization (WHO), by 2029, half of the world's population will be living in water-stressed areas. As a result, water and wastewater treatment infrastructures are expected to grow dramatically in the coming years around the world. As a result, demand for centrifugal pumps is expected to rise in the forecast period. In the next five years, the industrial sector is expected to drive the majority of demand for centrifugal pumps, especially in the Asia Pacific, which is rapidly becoming the global economic growth centre in terms of both output and consumption. Apart from supplying primary energy, the oil and gas sector also assists in the provision of raw materials for a variety of industries, including petrochemicals, solvents, fertilizers, and many others. With an increasing population and rapid urbanization, demand for these products is expected to rise, prompting refiners to build new plants or expand existing ones. During the forecast period, the boom in the production of oil and gas infrastructure is expected to give the centrifugal pump segment a huge boost. Crude oil prices remained stable in 2019 below USD 70 per barrel, resulting in increased usage in the refinery and petrochemical sectors. Between 2019 and 2025, China is projected to account for the majority of the growth in crude oil refining in Asia-Pacific. By 2025, the nation is projected to account for 26.8% of the total refining expansion capacity in Asia-Pacific, up 1.77 per cent from 2018.Global Heavy-Duty Pumps Market Regional Insights
The market in the United States is estimated to be worth $xx billion, while China is expected to develop at xx% CAGR. Due to will demand for oil and gas, as well as fresh drinking water, North America and Europe have significant growth potential. Heavy-duty pumps have become more widely used as a result of rapid urbanization, population growth, and increased knowledge about water and wastewater management. The demand for heavy-duty pumps in the United States is expected to reach US$ xx billion by 2029. Among European nations, Germany is expected to rise at a CAGR of about 1.8%. China, the world's second-largest economy, is expected to hit a market size of US$ 3.5 billion by 2029, with a compound annual growth rate of 6.8% from 2023 to 2029. Due to the demand for food and beverage, as well as portable water, Asia-Pacific is expected to hold a large share of the global market. The demand in Asia-Pacific is expected to grow at the fastest rate of xx%. Japan and Canada are two other notable geographic markets, with forecasted growth rates of 1.0 per cent and 2.7 per cent, respectively, from 2023 to 2029.Global Heavy-Duty Pumps Market Report Scope: Inquire before buying
Global Heavy-Duty Pumps Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 16.93 Bn. Forecast Period 2023 to 2029 CAGR: 3.7% Market Size in 2029: US $ 21.83 Bn. Segments Covered: by Product Type Crude Oil Fuel Oil Asphalt Others by Pump Type Centrifugal Positive-Displacement by End Use Oil & Gas Power Processing Others Global Heavy-Duty Pumps Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Global Heavy-Duty Pumps Market, Key Players are
1. Alfa Laval 2. Gardner Denver, Inc. 3. EBARA Corporation 4. General Electric Company 5. ITT INC. 6. Grundfos 7. KSB SE & Co. 8. The Weir Group PLC 9. Sulzer Ltd. 10. The Weir Group PLC 11. Baker Hughes, a GE company 12. Ingersoll-Rand PLC 13. Metso Corporation 14. Xylem Inc. 15. Nikkiso Frequently Asked Questions: 1. Which region has the largest share in Global Heavy-Duty Pumps Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Heavy-Duty Pumps Market? Ans: The Global Heavy-Duty Pumps Market is growing at a CAGR of 3.7% during forecasting period 2023-2029. 3. What is scope of the Global Heavy-Duty Pumps Market report? Ans: Global Heavy-Duty Pumps Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Heavy-Duty Pumps Market? Ans: The important key players in the Global Heavy-Duty Pumps Market are – Alfa Laval, Gardner Denver, Inc., EBARA Corporation, General Electric Company, ITT INC., Grundfos, KSB SE & Co., The Weir Group PLC, Sulzer Ltd., The Weir Group PLC, Baker Hughes, a GE company, Ingersoll-Rand PLC, Metso Corporation, Xylem Inc., Nikkiso. 5. What is the study period of this Market? Ans: The Global Heavy-Duty Pumps Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Heavy-Duty Pumps Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Heavy-Duty Pumps Market 3.4. Geographical Snapshot of the Heavy-Duty Pumps Market, By Manufacturer share 4. Global Heavy-Duty Pumps Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Heavy-Duty Pumps Market 5. Supply Side and Demand Side Indicators 6. Global Heavy-Duty Pumps Market Analysis and Forecast, 2022-2029 6.1. Global Heavy-Duty Pumps Market Size & Y-o-Y Growth Analysis. 7. Global Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Crude Oil 7.1.2. Fuel Oil 7.1.3. Asphalt 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 7.2.1. Centrifugal 7.2.2. Positive-Displacement 7.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 7.3.1. Oil & Gas 7.3.2. Power Processing 7.3.3. Others 8. Global Heavy-Duty Pumps Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.1.1. Crude Oil 9.1.2. Fuel Oil 9.1.3. Asphalt 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 9.2.1. Centrifugal 9.2.2. Positive-Displacement 9.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 9.3.1. Oil & Gas 9.3.2. Power Processing 9.3.3. Others 10. North America Heavy-Duty Pumps Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 12. Canada Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 13. Mexico Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 14. Europe Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 15. Europe Heavy-Duty Pumps Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 17. France Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 18. Germany Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 19. Italy Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 20. Spain Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 21. Sweden Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 22. CIS Countries Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 23. Rest of Europe Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 24. Asia Pacific Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 25. Asia Pacific Heavy-Duty Pumps Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 27. India Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 28. Japan Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 29. South Korea Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 30. Australia Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 31. ASEAN Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 32. Rest of Asia Pacific Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 33. Middle East Africa Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 34. Middle East Africa Heavy-Duty Pumps Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 36. GCC Countries Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 37. Egypt Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 38. Nigeria Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 39. Rest of ME&A Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 40. South America Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 41. South America Heavy-Duty Pumps Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 43. Argentina Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 44. Rest of South America Heavy-Duty Pumps Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Pump Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By End Use, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Heavy-Duty Pumps Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Alfa Laval 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Gardner Denver, Inc. 45.3.3. EBARA Corporation 45.3.4. General Electric Company 45.3.5. ITT INC. 45.3.6. Grundfos 45.3.7. KSB SE & Co. 45.3.8. The Weir Group PLC 45.3.9. Sulzer Ltd. 45.3.10. The Weir Group PLC 45.3.11. Baker Hughes, a GE company 45.3.12. Ingersoll-Rand PLC 45.3.13. Metso Corporation 45.3.14. Xylem Inc. 45.3.15. Nikkiso 45.3.16. Other Key Players 46. Primary Key Insights