Pumps Market Size Expected to Surpass CAGR of 4.70% During 2017-2023 By Key Players: Grundfos, Sulzer, Flowserve, ITT Corporation, Danfoss, Ingersoll-Rand, The Weir Group, Ebara Corp, KSB, Schlumberger, Nikkiso Co Ltd.

The global pumps market is projected to grow at a high rate during the forecast period, mainly due increasing demand for electricity across the world is strengthening the global power sector; with pumps being an integral part of each power plant, development in the power sector is expected to contribute significantly to the growth of the global pumps market. Global Pumps market is expected to witness substantial growth during the forecast period owing to growing investments in water & wastewater.

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Pumps are basically classified into two categories, namely, positive displacement and dynamic pumps. Positive displacement pumps are further classified intro two types, namely, reciprocating and rotary. Dynamic pumps are of two type, namely, centrifugal and special effect pumps. Centrifugal pumps are used to transport liquid with large volume and substantial pressure head and are largely utilized for water, wastewater, and industrial liquid transportation in the power, steel, and domestic sectors. Positive displacement pumps are mainly used in the industrial sector where consistency of fluid flow matters more as compared to the volume handled during the transportation. Pumps majorly cater to end-users such as agriculture, water & Wastewater treatment plants, oil & gas, and other industrial sectors.

Pumps market Segmental Analysis

Global Pumps market has been segmented based on type, end-user, and region.

Based on type, the market is classified into positive displacement and dynamic pumps. Dynamic pump segment is leading the market and has the largest market share, mainly due to its wide application in water and wastewater treatment plants.

The global Pumps market is further segmented based on end-user, including oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food beverage, and others. Water & wastewater segment of the global pumps market is estimated to register the highest growth rate during the forecast period.

Based on region, the global pumps market cover growth opportunities and latest trends across North America, Europe, Asia Pacific, Middle East and Africa and South America.

Regional Outlook

Region wise, Asia Pacific held the largest market share of the global Pumps market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment infrastructure development. Moreover, the increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for pumps in Asia Pacific region.

According to the governor of New York, in December 2018, the US is investing USD 27 million to upgrade the Niagara Falls Wastewater treatment plant. This investment would improve the primary treatment systems and equipment, upgrade the dewatering system which would require centrifugal pumps to pump water. Similarly, development in digital oil fields offer opportunity for the global pumps market.

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List Of Tables

Table 1 Global Pumps Market, By Type, 2016-2023 (USD Million)

Table 2 Positive Displacement: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 3 Dynamic: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 4 Global Pumps Market, By Application, 2016-2023 (USD Million)

Table 5 Oil & Gas: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 6 Water And Wastewater: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 7 Power Generation: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 8 Chemicals: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 9 Pharmaceuticals: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 10 Food & Beverage: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 11 Others: Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 12 Global Pumps Market, By Region, 2016-2023 (USD Million)

Table 13 North America Pumps Market, By Type, 2016-2023 (USD Million)

Table 14 North America Pumps Market, By Application, 2016-2023 (USD Million)

Continue……..

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