Freedonia In The News

Article Title: Freedonia: World Demand for Pumps to Approach $84 Billion in 2018
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Publication: Impeller.net, 2/5/2015
Freedonia Study: World Pumps (3231)

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In developing areas, increased investment in water infrastructure will spur gains as access to water supply and sanitation systems is expanded. Continued growth in mining activity will boost pump demand in countries with large mining industries. Growth in oil production will also provide opportunities, especially in newly developed areas requiring infrastructure development. Centrifugal pumps will continue to be the most commonly used pump design due to their varied pressure and load handling capabilities. 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: Oilfield Pump Demand to Increase by 5.3 Percent Before 2018
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Publication: Upstream Pumping, 6/10/2015
Freedonia Study: World Pumps (3231)

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Rising crude oil production will spur the sales of oilfield pumps, causing the projected demand to climb 5.3 percent annually to $6.8 billion in 2018. The introduction of improved designs will make this equipment more appealing to end users than some general-purpose models. However, the above-average cost of oilfield pumps will prevent the segment from registering larger gains, because older oilfield pumps are less likely to be replaced than cheaper multi-application models. A moderation of inflationary pressures will also limit monetary ?market growth.
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