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Pumps Market 2024 : Technology Growing Rapidly Due to High Quality Standards and Effective Features By Flowserve Corporation,Ebara Corporation,The Weir Group PLC,KSB Pumps Ltd.,Wilo SE,Ruhrpumpen Group

07-08-2019 02:29 PM CET | Industry, Real Estate & Construction

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Pumps Market

Pumps Market

Pumps are mechanical devices used for the transportation of liquid from one place to another by creating a suitable pressure head. Based on their working operations, pumps are basically classified into two categories namely centrifugal pumps and positive displacement pumps. Centrifugal pumps are used generally 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, agriculture, and domestic sectors. Positive displacement pumps find their applications mainly in the industrial sector where consistency of fluid flow matters more as compared to the volume handled during the transportation. Global sales revenue from pumps deployment is estimated to account for US$ 34.39 Bn by the end of 2016 and is projected to reach a market value of US$ 49.40 Bn by 2024 end, registering a CAGR of 4.6% during the forecast period (2016–2024).

Market dynamics

The last decade has witnessed tremendous investment in infrastructure, sanitation, and water and wastewater management in the Middle East and Asian countries such as GCC countries, India, and China to support the growing rate of regional urbanization. The same trend is expected to continue over the forecast period, becoming a prime driver for sustained growth of the global pumps market, expectedly boosting demand for pumps across the globe. 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 through 2024. However, low-priced offerings by Chinese pump manufacturers and low replacement rates due to durable life and energy efficient centrifugal pumps are factors that are likely to restrict the growth of the global pumps market over the forecast period.

Rising demand for energy efficient centrifugal pumps and the adoption of micro disc pumping and variable frequency drive technology for centrifugal pumps are some of the key trends observed in the global pumps market.

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Segment analysis

On the basis of product type, the Centrifugal Pumps market is segmented into Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump, and Sealless & Circular Pump. On the basis of product type, the Positive Displacement Pumps market is segmented into Reciprocating Pump and Rotary Pump. On capacity basis (HP), each pump segment type is further sub-segmented into Small Pump, Medium Pump, and High Pump. On the basis of application, the Centrifugal Pumps market is segmented into Agriculture & Irrigation, Domestic, Mining, Oil & Gas, Other Industrial, Wastewater Treatment (Effluent Treatment Plant, Sewage Treatment Plant), and Water Treatment (Industrial Process, Municipal & Commercial Facilities). On the basis of application, the Positive Displacement Pumps market is segmented into Chemical, Oil & Gas, Power, Pulp & Paper, Water & Wastewater Treatment, and Others.

The Centrifugal Pumps segment is estimated to account for the largest market value share of 90.9% by the end of 2016 while the Positive Displacement Pumps segment is expected to account for around 8.8% share in terms of revenue by 2024 end. The Water Treatment application segment is expected to dominate the Centrifugal Pumps market with 23% share in terms of revenue and is expected to maintain its dominance through the forecast period. The Oil & Gas application segment is expected to dominate the Positive Displacement Pumps market with 23.6% revenue share by the end of 2016 and is expected to maintain its dominance through 2024.

Regional Analysis

The global pumps market is segmented into the five key regions of North America, Latin America, Europe, APAC, and the Middle East & Africa (MEA). The APAC pumps market is estimated to be valued at US$ 13.25 Bn by the end of 2016 and is expected to increase to US$ 19.65 Bn by the end of 2024, registering a CAGR of 5.0% during the forecast period. Sales of pumps in MEA and Europe is estimated to collectively account for 7.2% share in 2016.

Key market players

KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Grundfos, The Weir Group Plc., WILO SE, Xylem Inc., Ruhrpumpen Group, and Kirloskar Brothers Ltd. are some of the leading companies operating in the global pumps market. Top market companies are focusing on structured innovation and are expanding their production and research facilities to strengthen their presence in the global pumps market.

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Pumps Market : TOC

1. Executive Summary

2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy

3. Global Pumps Market Analysis Scenario
3.1. Pricing Analysis
3.1.1. Pricing Assumptions
3.1.2. Price Projections per Region
3.2. Market Size (US$ Mn) and Forecast
3.2.1. Market Size and Y-o-Y Growth
3.2.2. Absolute $ Opportunity
3.3. Market Overview
3.3.1. Value Chain
3.3.2. List of Active Participants
3.3.2.1. Manufacturers
3.3.2.2. Distributors / Retailers
3.3.2.3. MRO Service Providers

4. Market Dynamics
4.1. Drivers
4.1.1. Supply Side
4.1.2. Demand Side
4.2. Restraints
4.3. Opportunity
4.4. Forecast Factors – Relevance and Impact

5. Global Pumps Market Analysis and Forecast, by Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis by Type
5.1.2. Y-o-Y Growth Projections by Type
5.2. Market Size (US$ Mn) and Volume (Units) Forecast by Type
5.2.1. Centrifugal Pump
5.2.1.1. Single Stage
5.2.1.2. Multi Stage
5.2.1.3. Axial & Mixed Flow
5.2.1.4. Submersible
5.2.1.5. Sealless & Circular
5.2.2. Positive Displacement Pump
5.2.2.1. Reciprocating (Piston, Diaphragm)
5.2.2.2. Rotary
5.3. Market Attractiveness Analysis by Type
5.4. Prominent Trends

6. Global Pumps Market Analysis and Forecast, by Application – Centrifugal Pump
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Application – Centrifugal Pump
6.1.2. Y-o-Y Growth Projections by Application – Centrifugal Pump
6.2. Market Size (US$ Mn) and Volume (Units) Forecast by Application – Centrifugal Pump
6.2.1. Domestic
6.2.2. Agriculture & Irrigation
6.2.3. Mining
6.2.4. Water Treatment
6.2.4.1. Industrial Process
6.2.4.2. Commercial (Municipalities & Commercial Facilities)
6.2.5. Wastewater Treatment
6.2.5.1. Effluent Treatment
6.2.5.2. Sewage Treatment
6.2.6. Oil & Gas
6.2.7. Other Industrial
6.3. Market Attractiveness Analysis by Application – Centrifugal Pump
6.4. Prominent Trends

7. Global Pumps Market Analysis and Forecast by Application – Positive Displacement Pump
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Application – Positive Displacement Pump
7.1.2. Y-o-Y Growth Projections by Application – Positive Displacement Pump
7.2. Market Size (US$ Mn) and Volume (Units) Forecast by Application – Positive Displacement Pump
7.2.1. Oil & Gas
7.2.2. Chemical Industries
7.2.3. Water and Waste Water
7.2.4. Pulp and Paper
7.2.5. Power Industries
7.2.6. Other Industrial
7.3. Market Attractiveness Analysis by Application – Positive Displacement Pump
7.4. Prominent Trends

8. Global Pumps Market Analysis and Forecast, by Region
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Region
8.1.2. Y-o-Y Growth Projections by Region
8.2. Market Size (US$ Mn) and Volume (Units) Forecast by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East and Africa (MEA)
8.3. Market Attractiveness Analysis by Region

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