Pumps and Valves Services Market in North America 2017-2021

The infographic below contains key findings from our analysis of the pumps and valves services market in North America

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Overview of the pumps and valves services market in North America

The availability of pump selection software will be one of the major pumps and valves services market in North America driver.  The pumps and valves services market in North America report predicts the market to grow at a CAGR of nearly 5% by 2021. The vendors in the pumps and valves services market in North America have started offering pumps selection software that allows end-users to state their requirements for pump applications. The software also resolves complex calculations and recommends the efficient selection of pumps for industrial needs. Additionally, the software also offers intuitive and step-by-step navigation and comprehensive documentation. Such advantages will increase the demand for specialized pumps and valves services, in turn, fueling the growth of the market in this region.

In terms of geographic regions, the US will be the major pumps and valves services market in North America revenue contributor throughout the forecast period. The increased usage of pumps and valves services in end-user industries such as oil and gas, food and beverages, chemical and petrochemical, and power industry and the rise in replacement rates, will drive the growth of the market in the US.

Competitive landscape and key vendors  

The pumps and valves services market in North America has the presence of several players. The market consists of numerous vendors with low product differentiation and they are focusing on maintaining their market shares by forming strategic alliances with the end-user industries. Most of the service providers are also experts in pumps and valves manufacturing and provide attractive perks to their customer on the sale of their products.

According to the pumps and valves services market in North America research, the leading vendors in the market are –

• Franklin Electric
• Wilo
• Universal Plant Services
• North American hydraulics
• Lewis-Goetz

The other prominent vendors in the market are AR North America, North American Pump, HERMETIC-Pumps, Schaeffler Group, AMERICAN VALVE, HAWE Hydraulik, SAMSON Controls, Professional Valve Service, and GEA.

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Segmentation by services and analysis of the pumps and valves services market in North America

• Pumps services
• Valves services

During 2016, the pumps services segment accounted for the major shares of the pumps and valves services market in North America. Factors such as improvements for plant profitablity and the rising investments towards developing innovative products will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the pumps and valves services market in North America

• Oil and gas
• Power
• Chemical and petrochemical
• Food and beverage
• Water and wastewater
• Mining

According to this market research report, the oil and gas segment will be the major end-user to the pumps and valves services market in North America until 2021. The rise in the production of oil and gas and the rising need for transporting and refining fuels will drive the growth of the pumps and valves services market in this end-user segment. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the pumps and valves services market in North America?
• What are the key market trends impacting the growth of the pumps and valves services market in North America?
• What are the challenges to market growth?
• Who are the key vendors in the pumps and valves services market in North America?
• What are the market opportunities and threats faced by the vendors in the pumps and valves services market in North America?
• Trending factors influencing the market shares of North America. 
• What are the key outcomes of the five forces analysis of the pumps and valves services market in North America?

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