Global Pumps by Region, Market and Product Type, 11th Edition

Expansion of Process Manufacturing and Water Infrastructure Will Power Pump Demand

Expansion of the pumps market will be powered by rising global output of processed goods, such as chemicals and food and beverages; global attention to the improvement of access to clean water; an increase in global oil and gas production; and a healthy investment environment, which will permit more frequent and higher value pump purchases.

Key Findings in the Global Pumps Study:

Process Pumps are Needed to Satisfy a Growing Appetite for Chemicals, Processed Foods

The process manufacturing market for pumps will outpace other key pump markets due to strong growth in key process industries. Global demand for chemicals, processed foods and beverages, metals, and other products such as plastics and textiles will continue at a steady pace, expanding sales opportunities for pumps. The market for centrifugal and positive displacement process pumps that are optimized to handle specific materials will have particularly favorable growth prospects.

Plant Operators Seek Smart Pumps and Internet of Things Solutions

In developed markets, the drive toward improved energy efficiency, reduced downtime, and lower maintenance costs will accelerate the market for smart pumps and internet-enabled accessories. Because pumping systems often account for a major portion of plant expenses, operators who adopt smart pumping systems can gain an edge over competitors by improving profit margins. As a result, these products will be a rapidly growing market area.

Sales Opportunities in Positive Displacement Pumps and High Performance Centrifugal Pumps

Positive displacement pumps are expected to record the fastest increase in demand as global fixed investment rises. These pumps are generally more costly to own and maintain than centrifugal pumps, but are preferable in certain applications, such as handling delicate or viscous materials. High performance centrifugal pumps, including high powered multistage and submersible types, seal-less, and corrosion-resistant pumps, will also make inroads.

Study Coverage

This industry study presents historical demand data (2007, 2012, and 2017) and forecasts for 2022 by market (process manufacturing, oil and gas, water infrastructure), product (centrifugal; positive displacement: diaphragm, reciprocating, and rotary; specialty and other; turbine; and drivers, parts, and accessories), and region (North America: US, Canada, Mexico; Central & South America; Western Europe: France, Germany, Italy, the Netherlands, Spain, the United Kingdom; Eastern Europe: Poland, Russia; Asia/Pacific: Australia, China, India, Indonesia, Japan, South Korea, Taiwan, Thailand; Africa/Mideast). The study also evaluates company market share and provides analysis on industry competitors including Ebara, Flowserve, Grundfos, KSB, Sulzer, Weir, Wilo, and Xylem.