Press release
Rotary Pumps Market to Reap Excessive Revenues by 2018 to 2028 | Key Players are SPX Flow Inc., Dover Corporation, Alfa Laval, etc.
Get a Free Sample Report from Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2399
Rotary Pump Manufacturers Compete on Prices in Highly Lucrative Markets in Emerging Economies
Growing access to water supply and importance of sanitation in most developing nations is generating numerous opportunities for rotary pump market players. Furthermore, increased disposable income of consumers is inducing a rise in discretionary spending, especially on chemicals and fuel, which is boosting demand for rotary pumps in process manufacturing industries in developing countries.
Recent growth in infrastructure developments and ongoing industrialization in emerging economies, such as India and China, are further complementing adoption of rotary pumps. This is likely to heighten competition in the rotary pumps market in developing countries, as it will remain highly consolidated among leading rotary pump manufacturers.
Market players are migrating their production facilities in Asian countries, where labor cost is lower, to scale higher on the cost-efficient features of rotary pumps and boost profitable sales. Pricing rotary pumps competitively is aiding market players to establish a stronger position in highly competitive local markets for rotary pumps in emerging economies.
Incorporation of IT Services in Pump Designs – An Emerging Trend in the Rotary Pump Market
Internet of Things (IoT) and Industry 4.0 are among the advanced technologies that are rapidly covering grounds in the industrial automation space. Pump manufacturers are eyeing opportunities to introduce highly efficient and cost-effective pumps and capitalize on growing preeminence of advanced technologies in industrial sectors. For example, Pentair plc – a water treatment company headquartered in the U.S. – recently introduced energy-efficient pool pumps integrated with next-generation connected technologies that can automate various processes such as heating, filtering, moving, or sanitizing pool water.
Another leading player in the rotary pumps market – ITT Inc. recently introduced i-ALERT compatible Bluetooth® Smart Pressure Sensor, using the Industrial Internet of things (IIoT) technology platform to provide a monitoring solution for industrial pump applications, including rotary pumps. A majority of rotary pump manufacturers are likely to adopt strategies to incorporate Software-as-a-Service (SaaS) models and other IT services with conventional design of rotary pumps to introduce value-added characteristics of pumps. Thereby, launching innovative models of smart or intelligent rotary pumps and consolidating a stronger position in the rotary pumps market as a One-stop solution providers is likely to emerge as a predominant market trend in the coming years.
Growing Preference for Rotary Pumps in Versatile Industrial Application Triggers Market Growth
Rotary pumps are a popular type of positive displacement pumps among end-users from a wide range of industrial sectors, such as water & wastewater, power generation, chemical, and oil & gas. Owing to the extraordinary design benefits, rotary pumps present one of the most versatile pumping solution that can handle high viscosity fluids in a vast range of industrial applications.
Furthermore, it can pump liquids at high temperatures and liquids with gas or vapor contents more efficiently than any other type of pumps, which further expands the range of applications of rotary pumps. Manufacturers in the rotary pumps market are promoting the unique performance characteristics of rotary pumps to expand sales across various industrial territories.
Stringent Pump Efficiency Standards Create Challenges for Rotary Pump Manufacturers
Despite the rise in adoption of rotary pumps across various industrial sectors, low efficiency and low volume degree of rotary pumps is restricting its adoption. Furthermore, due to stringent efficiency standards and regulations, rotary pump sales across various end-user industries have plummeted in the past few years. The Energy Policy and Conservation Act of 1975 (EPCA) by the Department of Energy compels rotary pump manufacturers to comply with energy efficiency standards for industrial equipment. Furthermore, the emissions standards issued by the California Air Resources Board (CARB) compels rotary pump manufactures to adopt emission-certified engines in rotary pumps.
New efficiency standards and regulations developed by international governing bodies are forcing manufacturers in the rotary pumps market to modify their manufacturing and marketing strategies. This may make it more challenging for rotary pumps market players to maintain competitive prices and gain an edge in the market.
Have Any Question? Ask Our Industry Experts – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2399
Contact Us
FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rotary Pumps Market to Reap Excessive Revenues by 2018 to 2028 | Key Players are SPX Flow Inc., Dover Corporation, Alfa Laval, etc. here
News-ID: 1800823 • Views: …
More Releases from Fact.MR
Vegetable Oils Market Anticipates US$ 336 Billion Valuation by 2032, Driven by 4 …
The vegetable oils market is expected to grow at a compound annual growth rate (CAGR) of 4.6% through 2032, from its current valuation of US$ 214 billion in 2022 to US$ 336 billion by the end of 2032.
The mechanical extraction procedure, along with several other extraction methods including solvent extraction and hydrogenation deodorization, are seeing a surge in growth prospects due to their industrial applications. Manufacturers can expand their production…
Vegan Baking Mix Market Set for Remarkable Growth, Expected to Surpass US$ 168 B …
According to a recent business analysis by Fact.MR, the vegan baking mixes market was estimated to be worth US$ 960 million worldwide in 2022. By the end of 2033, it is predicted that sales of vegan baking mixes would have grown at a compound annual growth rate (CAGR) of 5.3% to US$ 1.68 billion.
An ingredient is referred to as vegan if it contains no animal products at all. It is…
Marine Powder Market Projected to Reach US$ 23,486.5 Billion by 2033, Growing at …
It is anticipated that the size of the marine powder market worldwide will increase from US$ 11,825.8 million in 2023 to US$ 23,486.5 million in 2033. Global Marine Powder Sales are expected to grow at a 7.1% CAGR during the following ten years, from 2023 to 2033.
The social lives of consumers may be impacted in a number of different ways by the use of marine powder supplements. Marine powder refers…
Seaweed Algae Market Forecasted to Expand Rapidly, Projecting US$ 20,345.0 Milli …
According to estimates, the value of seaweed algae sold worldwide will increase from US$ 15,00,000 million in 2023 to US$ 20,345.0 million in 2033. Global sales of seaweed algae are predicted to rise at a noteworthy CAGR of 3.1% over the next ten years, from 2023 to 2033.
Due to growing demand and knowledge of sustainable alternatives, seaweed production has increased domestically in recent years. Because seaweed algae are rich in…
More Releases for Pump
Automotive Pump Market Forecast to 2028 - Covid-19 Impact and Global Analysis - …
MARKET INTRODUCTION
Automotive pumps are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
Download Sample Report in PDF Version @ www.theinsightpartners.com/sample/TIPRE00006033/?utm_source=openpr&utm_medium=10387
This report sample includes:
A brief introduction to…
Agricultural Pump Market Advancement Outlook 2020-2026: Sulzer, Dayuan Pump, Wil …
The Latest report about the Agricultural Pump market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Agricultural Pump market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with…
Agricultural Water Pump Market Growth Opportunities 2020: Lingxiao Pump, East Pu …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Agricultural Water Pump Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Agricultural Water Pump market players. According to the study, the worldwide Agricultural Water Pump market report unfolds the current and historical Agricultural Water Pump industry scenarios, Agricultural Water Pump market development patterns and is expected…
Asphalt Pumps Market Size Study and Regional Forecasts 2019-2025| Johnson Pump, …
This study focuses on the production side and consumption side of Asphalt Pumps, presents the global Asphalt Pumps market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Asphalt Pumps capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this…
Asia-Pacific Vertical Turbine Pump Market By Type - Ductile Iron Pump, Stainless …
Researchmoz added Most up-to-date research on "Asia-Pacific Vertical Turbine Pump Market By Type - Ductile Iron Pump, Stainless Steel Pump & Other Pump" to its huge collection of research reports.
Vertical turbine pumps are Vertical Turbine Pump s specially designed to move water from an underground well or reservoir. Theyre also known a deep well turbine pumps or a line shaft turbine pumps. While submersible pumps have an electric motor located…
Global Industrial Pump Rental Market 2017: Xylem, Holland Pump, Selwood, Global …
Global Industrial Pump Rental Market 2017-2022
QY Market Research include new Industrial Pump Rental market research report "2016-2022 Report on Global Industrial Pump Rental Market Competition, Status and Forecast, Market Size by Players, Regions, Type, Application" to its huge collection of research reports.
This report on the global Industrial Pump Rental market is highly helpful because it covers all the aspects which are important in deciding the future of this industry. The…
