Freedonia In The News

Article Title: World Demand for Pumps to Exceed $76 Billion in 2016
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Publication: impeller.net, 1/23/2013
Freedonia Study: World Pumps (2971)

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Advances in developing areas such as China and India will result from industrialization, as investment in water infrastructure and electricity generation grows. In developed areas, continued advances in manufacturing output will provide growth in the process manufacturing market. Oil producing nations such as those in the Middle East will see gains due to rising drilling activity. In the US, demand will benefit from the boom in hydraulic fracturing in the oil and gas market, as well as from the improved economy. These and other trends are presented in World Pumps, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
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Article Title: Global demand for pumps to rise to $75.4 billion by 2016, report forecasts
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Publication: Processing Magazine , 2/7/2013
Freedonia Study: World Pumps (2971)

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Global demand for pumps will rise 6.4 percent per year through 2016 to $75.4 billion, a new report from research firm Freedonia forecasts. Spurred by recovery from the recent economic downturn, growth will be healthy across the globe. However, the report notes, drivers of growth will vary by region. Advances in developing areas such as China and India will result from industrialization, as investment in water infrastructure and electricity generation grows. In developed areas, continued gains in manufacturing output will provide gains in the process manufacturing market, Freedonia predicts.
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