Press release
Commercial Pumps Market 2020 Analysis by Global Manufacturers - Franklin Electric, Patterson Pumps, Pentair Inc, IDEX Corporation
The research reports on Global Commercial Pumps Market research report 2020 gives detailed overview of factors that affect global business scope. It shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions, growth factors of Commercial Pumps market. This report contains emerging player data including competitive situations, sales, revenue and market share of top manufacturers.The commercial pumps market is expected to grow at a CAGR 5.75% during the forecast period 2019 - 2024. Commercial pumps are the major machinery in any manufacturing and commercial operations. The commercial pumps market is highly dependent on irrigation, agriculture, construction, and oil and gas industries. These end-users have a continuous demand for the commercial pump equipment and consist major share of the market.
Leading companies operating in the Global Commercial Pumps market profiled in the report are: Pentair Inc., Xylem Inc., Grundfos GmbH, Armstrong Fluid Technology, Franklin Electric, Patterson Pumps, Parker Hannifin Corp., IDEX Corporation, CG Power and Industrial Solutions Limited and others.
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Industry News
September 24, 2019: Global water treatment company Pentair announces the release of its new streamlined product portfolio of energy efficient pumps for commercial building applications. The new high performance pumps not only exceed the U.S. Department of Energy (DOE) pump efficiency standards that go into effect in 2020, but have also been redesigned to deliver greater durability and usability for the end operator.
19 February 2019: Xylem is presenting a new approach and look to its dedicated rental solutions business through Xylem Rental Solutions. Xylem designs and manufactures all its own equipment, including brands such as Godwin, Flygt, Goulds Water Technology, AC Fire Pump and MJK
Key Market Trends
Increasing Activities in Oil and Gas Sector to Create New Opportunities
Oil & gas sector is the most prominent source of demand for the commercial pumps industry. The intensive work of drilling and extracting requires reliable and powerful pumps to draw resource from great depths of the ocean and land.
Commercial pumps are installed in almost every vertical of the oil & gas sector. Commercial pumps are used in regulating the transport operations via pipelines, they installed in several refineries to feed the machines treating crude oil with the raw product, they are used at the outlets or gas station to provide the end product to the customer, etc.
With more than 1.8 million barrels of crude oil held back every day from the global supply due to OPEC regulations, the crude oil prices are stabilizing slowly. The newly found shale gas resources in North America and increasing investments in the Middle East region towards exploration and drilling activities are reviving all the secondary industries that are highly dependent on the oil & gas industry, including the commercial pumps market.
Moreover, an increasing number of oil and gas rigs around the world will boost the commercial pumps market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Commercial Pumps Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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