Industrial Pumps Market size was valued at US$ 63.38 Bn. in 2021 and expected to reach US$ 88.76 Bn. by 2029 at a CAGR of 4.3% during the forecast period.Industrial Pumps Market Overview:
Industrial pumps are mainly employed in products and services where water displacement from one point to other is needed in high quantity. Products including water, chemicals, oil, slurry, wastewater, and others that are heavy in density can be easily carried out by industrial pumps. Industrial pumps are available in different sizes and shapes including micro-sized capillaries to large-size pumps for tasks including water cooling, filtration work, factory sites, and others. The global industrial pumps market is expected to register a CAGR of approximately 4.3% during the forecast period.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2029. 2021 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Industrial Pumps Market Dynamics:
The tremendous growth in the chemical industry in recent years and increasing oil and gas exploration and piping activities across North America, Europe, and APAC region are the key demand drivers for industrial pumps. In addition, increasing investment of governments in infrastructure modification of wastewater treatment plants and oil and gas processing plants are driving the demand for the product across the globe. According to a report by Oil and Gas Journal 2020, world refining capacity is estimated to increase by 2.55% up to the year 2025, and thereby the use of industrial pumps are also projected to increase by approximately 24% during the forecast period. Increasing demand for energy and fuel across the emerging economies and hence, infrastructure advancements in power generation sector is considered to drive the demand for the industrial pumps across the globe. According to Global Energy Statistical Yearbook 2020, power, a generation grew by approximately 3.2% in the APAC region and 2.83% in the USA in the year 2020 even in the pandemic period. On the other hand, a stringent environment regulations and highest safety standards for industrial pump manufacturing are the restraining factors hampering the growth of the market. In addition, high initial cost of the industrial pumps is expected to pose as the key challenge for the prominent players in the market. More restraints and challenges are covered in the report by considering the data of 2020 for a better understanding of the current market scenario. Moreover, the bottom-up approach is considered while analyzing the data from past years as well as forecast trends in the report. The user is expected to be able to estimate the overall market dynamics from the report analysis. Restructuring of various government policies for oil and gas and wastewater infrastructure over the trend of sustainable development across the globe is the key factor expected to drive the demand for industrial pumps. Moreover, advancements in pump technology and the adoption of industry 4.0 in pump manufacturing are anticipated to drive the demand for the product during the forecast period.Industrial Pumps Market Segmentation:
Centrifugal Pumps Segment is dominating the Industrial Pumps Market: According to Europump EU Association of Pump Manufacturers, centrifugal pumps accounted for approximately 71% market share in terms of unit consumption. Factors attributing to segment growth are boosting the oil and gas sector across the emerging economies and increasing the inclination of pump manufacturers towards the development of centrifugal pumps. Europump further stated that approximately more than 60% of pump manufacturers in the EU and APAC primarily develops centrifugal industrial pumps which give the insight of dominance of the product. In addition, centrifugal pumps are extensively used in pipeline services, refineries, and other services. Deep-water exploration is made easy and cost-effective because of centrifugal pumps, owing to high-pressure development in the pumps and easy to use operation. Positive displacement pumps are expected to register the fastest growth during the forecast period owing to their ability to work in high viscous conditions with lower speed and hence requires less maintenance and installation cost than centrifugal pumps. Water and Wastewater segment considered to gain traction in Industrial Pumps Market: According to UN Food and Aquaculture statistics, APAC generates 160 billion cubic meters of wastewater in 2020, North America and Europe accounted for 62 and 48 billion cubic meters of wastewater respectively in the year 2020. Moreover, APAC treats approximately 40 billion cubic meters of wastewater annually which is a pretty low standard compared to North America and Europe. The water and wastewater treatment segment was accounted for approximately 25.2% in the year 2020 in terms of revenue generation. Factors attributing to segment growth in the market are increasing industrial sectors and growing awareness towards hazards of wastewater in the population across the globe. Growing manufacturing g capabilities across the developing regions are expected to propel the wastewater treatment segment in the industrial pump market. In addition, the chemical segment is expected to grow at CAGR of xx% during the forecast period owing to rising chemical handling and distribution activities across the globe.Industrial Pumps Market Regional Insights:
The Asia Pacific is dominating the global industrial pumps market with approximately 45% market share in terms of revenue generation, owing to growth in end-use industries of chemical, oil and gas, wastewater treatment, and energy production. Moreover, the oil refining infrastructure dominance of China across the APAC region is expected to propel regional growth in the market. China accounted for approximately 34% of total APAC oil refining capacity in the year 2020. Moreover, India accounted for 45% of overall chemical treatment and production sector in the overall APAC region which is ultimately increasing the demand for industrial pumps in the Indian subcontinent. In addition, the increasing need for water treatment plants across the South Asian countries is propelling the growth for domestic industrial pumps manufacturers in the APAC region. North America is estimated to pose as the prominent region in the Industrial Pumps Market owing to well-established power generation and oil and gas exploration sector in the region. Moreover, increasing technological adoptions in pump manufacturing and abundance of industrial pump applications in the region of USA and Canada are the key factors considered to drive the growth of the market in the region. Increasing commercial conveyance across the region is boosting the demand for oil and gas sector in the region which is drawing the prominent players towards the domestic USA market. Europe is projected to pose a prominent region in the market owing to the increasing stand of the EU in wastewater treatment plants across the regions. Moreover, rising industrial and residential sector wastewater treatment regulations by the EU are expected to boost the demand for industrial pumps in the domestic market. Owing to the above factors, Europe is expected to register a CAGR of approximately 3.6% during the forecast period. The objective of the report is to present a comprehensive analysis of the Global Industrial Pumps Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Industrial Pumps Market dynamics, structure by analyzing the market segments and project the Global Industrial Pumps Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Industrial Pumps Market make the report investor’s guideIndustrial Pumps Market Scope: Inquire before buying
Industrial Pumps Market, by Region
• North America o US o Canada o Mexico • Europe o U.K o France o Germany o Italy o Spain o Sweden o CIS Countries o Rest of Europe • Asia Pacific o China o India o Japan o South Korea o Australia o ASEAN o Rest of Asia Pacific • Middle East and Africa o South Africa o GCC Countries o Egypt o Nigeria o Rest of ME&A • South America o Brazil o Argentina o Rest of South AmericaIndustrial Pumps Market Key Players
• Ingersoll-Rand PLC • Grundfos Pump Corporation • SPX Flow, Inc. • Xylem, Inc. • Sulzer Ltd. • Flowserve Corporation • KSB SE & Co. KGaA • Ebara Corporation • Iwaki America, Inc. • ITT, Inc. • Pentair PLC • Weir Group PLC • Hermetic-Pumpen GmbH • Vaughn Company, Inc. • Schlumberger Ltd. • Clyde Union, Inc. • Baker Hughes, Inc. • Dover Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Industrial Pumps Market? Ans: Asia Pacific region holds the highest share in 2021. 2. What is the growth rate of Global Industrial Pumps Market? Ans: The Global Industrial Pumps Market Market is growing at a CAGR of 4.3% during forecasting period 2022-2029. 3. What is scope of the Global Industrial Pumps Market report? Ans: Global Industrial Pumps Market 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 Industrial Pumps Market ? Ans: The important key players in the Global Industrial Pumps Market Market are – Ingersoll-Rand PLC, Grundfos Pump Corporation, SPX Flow, Inc., Xylem, Inc., Sulzer Ltd., Flowserve Corporation, KSB SE & Co. KGaA, Ebara Corporation, Iwaki America, Inc., ITT, Inc, Pentair PLC, Weir Group PLC, Hermetic-Pumpen GmbH, Vaughn Company, Inc., Schlumberger Ltd., Clyde Union, Inc., Baker Hughes, Inc., and Dover Corporation 5. What is the study period of this market? Ans: The Global Industrial Pumps Market Market is studied from 2021 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 Industrial PumpsMarket Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 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 Industrial PumpsSize Market 3.4. Geographical Snapshot of the Industrial PumpsMarket, By Manufacturer share 4. Global Industrial PumpsMarket Overview, 2021-2029 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 Technologies 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 Industrial Pumps Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Pumps MarketAnalysis and Forecast, 2021-2029 6.1. Global Industrial Pumps Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Pumps Market Analysis and Forecasts, 2021-2029 7.1. Market Size(Value) Estimates & Forecast By Product Type, 2021-2029 7.1.1. Centrifugal pump 7.1.1.1. Mixed flow pump 7.1.1.2. Axial flow pump 7.1.1.3. Radial flow pump 7.1.2. Positive displacement pump 7.1.2.1. Rotary pump 7.1.2.2. Reciprocating pump 7.1.2.3. Others 7.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Chemical industry 7.2.2. Power generation 7.2.3. Oil and gas industry 7.2.4. Construction 7.2.5. Water treatment plants 7.2.6. Wastewater treatment plants 8. Global Industrial Pumps Market Analysis and Forecasts, By Region 8.1. Market Size(Value) Estimates & Forecast By Region, 2021-2029 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 Industrial Pumps Market Analysis and Forecasts, 2021-2029 9.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 9.1.1. Centrifugal pump 9.1.1.1. Mixed flow pump 9.1.1.2. Axial flow pump 9.1.1.3. Radial flow pump 9.1.2. Positive displacement pump 9.1.2.1. Rotary pump 9.1.2.2. Reciprocating pump 9.1.2.3. Others 9.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Chemical industry 9.2.2. Power generation 9.2.3. Oil and gas industry 9.2.4. Construction 9.2.5. Water treatment plants 9.2.6. Wastewater treatment plants 10. North America Industrial Pumps Market Analysis and Forecasts, By Country 10.1. Market Size(Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Pumps Market Analysis and Forecasts, 2021-2029 11.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 11.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 12. Canada Industrial Pumps Market Analysis and Forecasts, 2021-2029 12.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 12.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Industrial Pumps Market Analysis and Forecasts, 2021-2029 13.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 13.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 14. Europe Industrial Pumps Market Analysis and Forecasts, 2021-2029 14.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 14.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 15. Europe Industrial Pumps Market Analysis and Forecasts, By Country 15.1. Market Size(Value) Estimates & Forecast By Country, 2021-2029 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. Industrial Pumps Market Analysis and Forecasts, 2021-2029 16.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 16.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 17. France Industrial Pumps Market Analysis and Forecasts, 2021-2029 17.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 17.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 18. Germany Industrial Pumps Market Analysis and Forecasts, 2021-2029 18.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 18.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 19. Italy Industrial Pumps Market Analysis and Forecasts, 2021-2029 19.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 19.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 20. Spain Industrial Pumps Market Analysis and Forecasts, 2021-2029 20.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 20.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Industrial Pumps Market Analysis and Forecasts, 2021-2029 21.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 21.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Industrial Pumps Market Analysis and Forecasts, 2021-2029 22.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 22.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Industrial Pumps Market Analysis and Forecasts, 2021-2029 23.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 23.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Industrial Pumps Market Analysis and Forecasts, 2021-2029 24.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 24.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Industrial Pumps Market Analysis and Forecasts, by Country 25.1. Market Size(Value) Estimates & Forecast By Country, 2021-2029 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 Industrial Pumps Market Analysis and Forecasts, 2021-2029 26.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 26.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 27. India Industrial Pumps Market Analysis and Forecasts, 2021-2029 27.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 27.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 28. Japan Industrial Pumps Market Analysis and Forecasts, 2021-2029 28.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 28.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Industrial Pumps Market Analysis and Forecasts, 2021-2029 29.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 29.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 30. Australia Industrial Pumps Market Analysis and Forecasts, 2021-2029 30.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 30.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Industrial Pumps Market Analysis and Forecasts, 2021-2029 31.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 31.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Industrial Pumps Market Analysis and Forecasts, 2021-2029 32.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 32.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Industrial Pumps Market Analysis and Forecasts, 2021-2029 33.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 33.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Industrial Pumps Market Analysis and Forecasts, by Country 34.1. Market Size(Value) Estimates & Forecast by Country, 2021-2029 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 Industrial Pumps Market Analysis and Forecasts, 2021-2029 35.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 35.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Industrial Pumps Market Analysis and Forecasts, 2021-2029 36.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 36.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Industrial Pumps Market Analysis and Forecasts, 2021-2029 37.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 37.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Industrial Pumps Market Analysis and Forecasts, 2021-2029 38.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 38.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Industrial Pumps Market Analysis and Forecasts, 2021-2029 39.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 39.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 40. South America Industrial Pumps Market Analysis and Forecasts, 2021-2029 40.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 40.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 41. South America Industrial Pumps Market Analysis and Forecasts, by Country 41.1. Market Size(Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial Pumps Market Analysis and Forecasts, 2021-2029 42.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 42.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Industrial Pumps Market Analysis and Forecasts, 2021-2029 43.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 43.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Industrial Pumps Market Analysis and Forecasts, 2021-2029 44.1. Market Size(Value) Estimates & Forecast By Product Type,2021-2029 44.2. Market Size(Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial PumpsMarket 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, 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. Ingersoll-Rand PLC 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. Grundfos Pump Corporation 45.3.3. SPX Flow, Inc. 45.3.4. Xylem, Inc. 45.3.5. Sulzer Ltd. 45.3.6. Flowserve Corporation 45.3.7. KSB SE & Co. KGaA 45.3.8. Ebara Corporation 45.3.9. Iwaki America, Inc. 45.3.10. ITT, Inc. 45.3.11. Pentair PLC 45.3.12. Weir Group PLC 45.3.13. Hermetic-Pumpen GmbH 45.3.14. Vaughn Company, Inc. 45.3.15. Schlumberger Ltd. 45.3.16. Clyde Union, Inc. 45.3.17. Baker Hughes, Inc. 45.3.18. Dover Corporation 46. Primary Key Insights