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Pumps Market Global Industry Insights by Growth Analysis & Regional Players over 2019 – 2025

07-12-2019 08:21 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Pumps Market

Pumps Market

Global Market Insights presents an extensive report on Pumps market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

Request for a sample copy of this report @
www.gminsights.com/request-sample/detail/3212

Asia pacific is the strongest market among all for pumps industry accounting for a market share of close to 52% in 2018, as the region comprises of a number of local as well as medium scale enterprises engaged in the business of manufacturing and selling different types of pumps and their equipment. Furthermore, the region has been experiencing a tremendous growth in its industrial sector which in turn is triggering the demand for pumps in agricultural, food, chemical, pharmaceutical and in other application areas.

Pumps Market b Type:
• Portable
• Stationary

Stationary pumps are widely accepted in pumps industry having a market share of around 75% in 2025 owing to its strong presence in oil & gas industry as well as in concrete applications. On the other hand, increasing fire accidents at manufacturing industries and at residential and commercial areas is the main reason contributing towards growth of portable pumps worldwide.

Pumps Market by Position:
• Submersible pumps
• Non-submersible

This segment is dominated by non-submersible pumps because of their growing use in surface application like pressure boosting, water transfer, turf irrigation, washdown application, storm water, waste water and in other areas. Submersible pumps hold a comparatively smaller market due to their restricted use in offshore areas. However, with increasing exploration activities related to deepwater and increase in subsea operations are factors that will offer growth opportunities to submersible pumps.

Despite of having applications in several business industries, global pumps market growth is hindered by high maintenance and operational cost of the equipment, as eventually some parts get damaged and need to be replaced or repaired immediately, otherwise they can hamper the total productivity of the plant.

Make an Inquiry for Purchasing this Report @
www.gminsights.com/inquiry-before-buying/3212

Pumps Market by Application:
• Mining
• Building & Construction
• Oil & Gas
• Industrial
• Municipal
• Others

Oil & gas industry is one of the key end-user sectors owing to its variety of feature and use upstream activities as well as in midstream operations. The other segment that have use of pumps is mining industry as mining operations requires huge pumping systems for dewatering operations before mining starts as well as for washing purposes of the extracted hydrocarbon, thereby propelling demand for overall pumps market.

Oil & gas industry is the major influencer behind escalating global pumps market as pumps are the key equipment used in upstream and midstream operations to accelerate transfer of fluid from one location to other. Oil pumps are used to lift fluid out of an oil well when there is not enough ground pressure to force the oil on the surface. These pumps are used mainly in onshore areas where oil is in abundant but the ground needs external force to release it.

The market covers various medium and large-scale manufacturers in the industry. Key players in pumps market include:
• Kirloskar Brothers Ltd.
• Xylem Inc.
• Atlas Copco
• MultiQuip
• Gorman Rupp
• Magnum
• Wacker Neuson
• Generac
• Gardner Denver
• Grundfos
• Sulzer Ltd.
• Flowserve Corporation
• Ebara Corporation
• Shimadzu Corporation
• Schlumberger
• Baker Hughes

Some key players in the industry are focusing towards introducing new and innovative products to maintain competitive environment in the market. For instance, Gardner Denver introduced a new fluid transfer technology in 2018 to differentiate itself from other players.

Browse Report Summery @
www.gminsights.com/industry-analysis/pumps-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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