Overview:
An industrial pump is a device used to transfer fluids (gases or liquids), or sometimes semi-liquid mixture by mechanical action. Pumps operate through multiple energy sources including electricity, engine, wind, or even manually using reciprocating or rotary mechanism. The global market for industrial pumps is relatively matured and is expected to witness steady growth during the forecast period 2016 – 2023. The growth is expected to be spurred by increased infrastructural development leading to increased construction spending, and investments made in waste water treatment and recycling projects by the concerned authorities across the globe. These factors are expected to contribute towards a CAGR of 5.2% during the forecast period 2016 – 2023.
This report analyzes the global industrial pumps market in terms of product type, end-use application, and geography. Based on product type, the global industrial pumps market is segregated into centrifugal pumps, positive displacement pumps, and specialty pumps. Similarly, on the basis of end-use application, the global market for industrial pumps is further classified into oil and gas, chemicals, building, residential construction, utilities (water and wastewater), and food and beverage among others. The geographical distribution of the global industrial pumps market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Industrial Pumps Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the industrial pumps market.
1.1.1 Target Audience
1.1.2 USP and Key Offerings
The report titled “Global Industrial Pumps Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global industrial pumps market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on product type, application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading industrial pump manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global industrial pumps market, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.
1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Industrial Pumps Market Snapshot
3. Global Industrial Pumps Market Analysis
3.1. Global Industrial Pumps Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. Porters Five Force Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitutes
3.4.4. Industry Rivalry
3.4.5. Threat of New Entrant
3.5. Attractive Investment Proposition
3.6. Competitive Landscape
3.6.1. Market Positioning of Leading Manufacturers
3.6.2. Major Strategies Adopted
3.6.3. Analyst Recommendations
4. Global Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
4.1. Tornado Analysis
4.2. Centrifugal Pumps
4.3. Positive Displacement Pumps
4.4. Specialty Pumps
5. Global Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
5.1. Tornado Analysis
5.2. Oil and Gas
5.3. Chemicals
5.4. Utilities
5.5. Building
5.6. Residential Construction
5.7. Others (Food & Beverage, etc.)
6. North America Industrial Pumps Market Analysis, 2013 – 2023 (US$ Bn)
6.1. North America Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
6.1.1. Centrifugal Pumps
6.1.2. Positive Displacement Pumps
6.1.3. Specialty Pumps
6.2. North America Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
6.2.1. Oil and Gas
6.2.2. Chemicals
6.2.3. Utilities
6.2.4. Building
6.2.5. Residential Construction
6.2.6. Others (Food & Beverage, etc.)
6.3. North America Industrial Pumps Market Revenue, By Country, 2013 – 2023 (US$ Bn)
6.3.1. U.S.
6.3.1.1. U.S. Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
6.3.1.2. U.S. Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
6.3.2. Canada
6.3.2.1. Canada Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
6.3.2.2. Canada Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7. Europe Industrial Pumps Market Analysis, 2013 – 2023 (US$ Bn)
7.1. Europe Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
7.1.1. Centrifugal Pumps
7.1.2. Positive Displacement Pumps
7.1.3. Specialty Pumps
7.2. Europe Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.2.1. Oil and Gas
7.2.2. Chemicals
7.2.3. Utilities
7.2.4. Building
7.2.5. Residential Construction
7.2.6. Others (Food & Beverage, etc.)
7.3. Europe Industrial Pumps Market Revenue, By Region, 2013 – 2023 (US$ Bn)
7.3.1. U.K.
7.3.1.1. U.K. Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
7.3.1.2. U.K. Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.2. Germany
7.3.2.1. Germany Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
7.3.2.2. Germany Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.3. France
7.3.3.1. France Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
7.3.3.2. France Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
7.3.4.2. Rest of Europe Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8. Asia Pacific Industrial Pumps Market Analysis, 2013 – 2023 (US$ Bn)
8.1. Asia Pacific Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
8.1.1. Centrifugal Pumps
8.1.2. Positive Displacement Pumps
8.1.3. Specialty Pumps
8.2. Asia Pacific Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.2.1. Oil and Gas
8.2.2. Chemicals
8.2.3. Utilities
8.2.4. Building
8.2.5. Residential Construction
8.2.6. Others (Food & Beverage, etc.)
8.3. Asia Pacific Industrial Pumps Market Revenue, By Country, 2013 – 2023 (US$ Bn)
8.3.1. Japan
8.3.1.1. Japan Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
8.3.1.2. Japan Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.3.2. China
8.3.2.1. China Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
8.3.2.2. China Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.3.3. India
8.3.3.1. India Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
8.3.3.2. India Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
8.3.4.2. Rest of Asia Pacific Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
9. Rest of World Industrial Pumps Market Analysis, 2013 – 2023 (US$ Bn)
9.1. Rest of World Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
9.1.1. Centrifugal Pumps
9.1.2. Positive Displacement Pumps
9.1.3. Specialty Pumps
9.2. Rest of World Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
9.2.1. Oil and Gas
9.2.2. Chemicals
9.2.3. Utilities
9.2.4. Building
9.2.5. Residential Construction
9.2.6. Others (Food & Beverage, etc.)
9.3. Rest of World Industrial Pumps Market Revenue, By Region, 2013 – 2023 (US$ Bn)
9.3.1. Latin America
9.3.1.1. Latin America Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
9.3.1.2. Latin America Pacific Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Industrial Pumps Market Revenue, By Type, 2013 – 2023 (US$ Bn)
9.3.2.2. Middle-East and Africa Industrial Pumps Market Revenue, By End-use Application, 2013 – 2023 (US$ Bn)
10. Company Profiles
10.1. Flowserve Corporation
10.2. Suzler Ltd.
10.3. KSB Pumps Ltd
10.4. Grundfos
10.5. ITT Goulds Pumps
10.6. Atlas Copco
10.7. ClydeUnion Pumps
10.8. Baker Hughes Incorporated
10.9. Busch LLC
10.10. Gardner Denver
10.11. Ebara Corporation
10.12. ULVAC Technologies, Inc.
10.13. Pfeiffer Vacuum Technology AG
10.14. Halliburton Company
10.15. General Electric
10.16. Schlumberger Ltd
10.17. Weir Group
List of Figures
FIG. 1 Global Industrial Pumps: Market Segmentation
FIG. 2 Global Industrial Pumps Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Industrial Pumps Market, By Product Type, 2015 (US$ Bn)
FIG. 5 Global Industrial Pumps Market, By End-use Application, 2015 (US$ Bn)
FIG. 6 Global Industrial Pumps Market, By Geography, 2015 (US$ Bn)
FIG. 7 Global Industrial Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Industrial Pumps Market
FIG. 9 Porters Five Force Analysis: Global Industrial Pumps Industry
FIG. 10 Market Positioning of Key Industry Participants, 2015
FIG. 11 Global Industrial Pumps Market Revenue Contribution, By Product Type, 2015 & 2023 (Value %)
FIG. 12 Global Centrifugal Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn)
FIG. 13 Global Positive Displacement Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn)
FIG. 14 Global Specialty Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn)
FIG. 15 Global Industrial Pumps Market Revenue Contribution, By End-use Application, 2015 & 2023 (US$ Bn)
FIG. 16 Global Industrial Pumps Market Revenue and Growth for Oil and Gas Application, 2013 - 2023, (US$ Bn)
FIG. 17 Global Industrial Pumps Market Revenue and Growth for Chemical Applications, 2013 - 2023, (US$ Bn)
FIG. 18 Global Industrial Pumps Market Revenue and Growth for Utilities Applications, 2013 - 2023, (US$ Bn)
FIG. 19 Global Industrial Pumps Market Revenue and Growth for Building Application, 2013 - 2023, (US$ Bn)
FIG. 20 Global Industrial Pumps Market Revenue and Growth for Residential Construction Applications, 2013 - 2023, (US$ Bn)
FIG. 21 Global Industrial Pumps Market Revenue and Growth for Other Applications, 2013 - 2023, (US$ Bn)
FIG. 22 North America Industrial Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 23 Europe Industrial Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 24 Asia Pacific Industrial Pumps Market Revenue and Growth, 2013 - 2023, (US$ Bn) (Y-o-Y %)
FIG. 25 RoW Industrial Pumps Market Revenue and Growth, 2013– 2023, (US$ Bn) (Y-o-Y %)
List of Tables
TABLE 1 Market Snapshot: Global Industrial Pumps Market
TABLE 2 Evolution of Industrial Pumps
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 6 North America Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 7 North America Industrial Pumps Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 8 U.S. Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 9 U.S. Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 10 Canada Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 11 Canada Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 12 Europe Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 13 Europe Industrial Pumps Market Revenue, By End-use Application, 2015 - 2023 (US$ Bn)
TABLE 14 Europe Industrial Pumps Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 15 U.K. Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 16 U.K. Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 17 France Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 18 France Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 19 Germany Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 20 Germany Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 21 Rest of Europe Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 22 Rest of Europe Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 23 Asia Pacific Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 24 Asia Pacific Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 25 Asia Pacific Industrial Pumps Market Revenue, By Country, 2013 - 2023 (US$ Bn)
TABLE 26 China Industrial Pumps Market Revenue, By Product Type, 2013- 2023 (US$ Bn)
TABLE 27 China Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 28 Japan Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 29 Japan Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 30 India Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 31 India Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 32 Rest of Asia Pacific Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 33 Rest of Asia Pacifc Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 34 Rest of World Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 35 Rest of World Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 36 Rest of World Industrial Pumps Market Revenue, By Region, 2013 - 2023 (US$ Bn)
TABLE 37 Latin America Industrial Pumps Market Revenue, By Product ype, 2013 - 2023 (US$ Bn)
TABLE 38 Latin America Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
TABLE 39 Middle-East and Africa Industrial Pumps Market Revenue, By Product Type, 2013 - 2023 (US$ Bn)
TABLE 40 Middle-East and Africa Industrial Pumps Market Revenue, By End-use Application, 2013 - 2023 (US$ Bn)
Based on product type, the global industrial pumps market is segmented into following categories
As of 2015, centrifugal pumps represented the largest product segment in the global industrial pumps market. It is presumed that centrifugal pumps would continue their dominance throughout the forecast period on account of low maintenance cost, durability, and their ability to effectively handle wide-ranging pressure and loads. Their ability to handle fluids with high solid content makes them the preferred product variant amongst end-users. In addition, infrastructural development, especially in emerging economies like India and China is expected to trigger both fresh and replacement demand for centrifugal pumps. On the other hand, positive displacement pumps are presumed to witness maximum adoption, offering healthy growth and investment opportunities during the forecast period 2016 – 2023. The anticipated growth in demand for positive displacement pumps can be majorly credited to increasing process manufacturing activities, especially in chemicals and food and beverage sector
On the basis of end-use application, the global industrial pumps market is categorized into following segments:
The following figure represents contribution of these end-use application segments to the global industrial pumps market in 2015 and 2023.
As of 2015, the oil and gas end-use segment led the global industrial pumps market. The segment accounted for around 25% of the global market revenue share in the same year. The trend shall prolong and the segment is poised to exhibit sturdy growth during the forecast period 2016 - 2023. Growing energy demand coupled with increased production of oil and gas from subsea sources is expected to trigger demand for large and expensive pumps. On the other hand, demand for pumps for water and waste water treatment is expected to witness an upsurge. The demand for pumps for water and wastewater treatment is growing due to a rise in population, infrastructural development, and manufacturing activities. In addition, stringent regulations imposed for brushing vessel stack emissions and ballast water treatment is expected to drive demand for industrial pumps in the utilities segment.
On the basis of geography, the global market for industrial pumps is segmented into following regions and countries.
The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global industrial pumps market in 2015 is as shown in the figure below.
In base year 2015, Asia Pacific led the industrial pumps market in terms of both revenue and unit shipments. The region accounts for over 35% of the global demand for industrial pumps and is expected to register robust growth in the coming years, retaining its dominant position through 2023. The anticipated growth in demand for industrial pumps can be credited to the growing industrialization in major countries including India, China, and South Korea. Infrastructure development resulting in increased construction spending and investments in water and wastewater treatment is also expected to propel demand for industrial pumps in the region. The developed economies like North America and Europe are expected to witness sluggish growth with maximum demand coming from the replacement of existing pumps and parts.
