Pumps Market 2016-2020
- Published: May 2016
- Pages: 112
- SKU: IRTNTR8378
The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!
The global pumps market size will grow by over USD 12.9 billion during 2016-2020. This research report provides a detailed analysis of this global market by product (centrifugal pumps, specialty pumps, and positive displacement pumps), by end-users (oil and gas industry, chemical industry, water and wastewater industry, building services, and power generation), and geography (the Americas, APAC, and EMEA). Moreover, the report also provides an analysis of the market’s competitive landscape and offers information on several pump manufacturers including Flowserve, Grundfos, ITT, KSB, and Sulzer.
Below are some of the key findings from our pumps market analysis report
Want a bigger picture? Get a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report
Global pumps market outlook
Technavio’s research analysts have predicted that the global pumps market will register a CAGR of 5% during the forecast period. Factors such as increased investment in water and wastewater recycling plants are fueling its growth. The water and wastewater industry is growing significantly due to a rise in population, urbanization, and manufacturing activities. Industries such as power, pharmaceuticals, and food and beverage are heavily water-reliant and will have a significant impact on the global demand for water. The production increase in these manufacturing industries makes water conservation and adherence to stringent environmental guidelines paramount. Also, governments of developing countries are also investing heavily in the wastewater industry for wastewater treatment, which is benefitting market growth.
Growing application of 3-D printing technology is a significant trend in the market. The new field of 3-D printing technology has seen significant advances in the last decade with fabrication techniques becoming less expensive and more accessible thanks to its use. Pump manufacturers have combined 3-D printing technology with modeling software. The twin fields of 3-D and computer modeling technologies have opened a whole new frontier in pump design, repair, and replacement. This trend will continue to impact the cost of manufacturing pumps and boost its demand until 2020.
Global pumps market segmentation by product
- Centrifugal pumps
- Specialty pumps
- Positive displacement pumps
The centrifugal pumps segment dominated the market during 2015. One of the reasons that will push the demand for these pumps is an increase in infrastructure development, especially in developing countries such as India and China.
Global pumps market segmentation by end-user
- Oil and gas
- Water and wastewater
- Residential construction
The oil and gas industry accounted for 23% of the market share during 2015. Pumps are used for hydrocarbon production, transportation, and refining activities. Growing energy demand has propelled the production of oil and gas in this segment. It has subsequently increased the demand for pumps in this sector. The discovery of new reserves such as Lula oil field in Brazil and increased demand for oil/petroleum products in key growth markets, including BRIC countries, Asia, and the Middle East are expected to have a positive impact on the demand for pumps in the oil and gas industry.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE trial!
Global pumps market segmentation by geography
APAC accounted for the largest market share during 2015, and it is expected to grow at a CAGR of about 6% over the forecast period. Increased use of positive displacement pumps in APAC is also contributing to its market growth. Underlying factors that aid its use lies in the rapid industrialization and urbanization that APAC countries are experiencing currently.
Competitive landscape and key vendors
The global pumps market is highly competitive, and intense competition among vendors has led to increased number of strategic mergers and acquisitions in this market. Major players use mergers and acquisitions to increase their geographical foothold and to expand their product. For instance, in early 2015, Flowserve, one of the leading providers of engineered vacuum and fluid pumps, acquired SIHI group. This move further fortifies Flowserve’s extensive portfolio of products and services.
The report offers a detailed analysis of several leading companies, including:
Other prominent vendors in the market include Atlas Copco, Baker Hughes, Clyde Union, Ebara, Busch, Gardner Denver, Pfeiffer, ULVAC, GE, Halliburton, Schlumberger, and Weir Group.
Key highlights of the global pumps market for the forecast years 2016-2020:
- CAGR of the market during the forecast period 2016-2020
- Detailed information on factors that will accelerate the growth of the pumps market during the next five years
- Precise estimation of the global pumps market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- Growth of the pumps industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of pump companies
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Get your FREE sample now!
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Did you know?
Did you know?
Did you know?
Want to customize this report?
This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.