New developments in micro disc pump technology have been witnessed in the global industrial pump market. Increased infrastructure development is one of the key factors driving this market’s growth. China, India, and other Asian and African countries are investing heavily in infrastructure, which is expected to boost industrial output and drive demand for industrial pumps.
Industrial pump demand from the process and manufacturing industries is expected to drive growth in developed regions such as Europe and North America.
Centrifugal pumps are anticipated to lead in terms of market share. The various services in power generation segment such as boiler feed, circulation, sludge handling and cooling stations are the largest market for centrifugal pumps. Positive displacement pumps find extensive use in renewable power generation such as micro-hydroelectric power generation; however, this type find limited application in the power generation industry.
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Industrial pumps are broadly segmented as centrifugal pumps (also called roto-dynamic pumps) and positive displacement pumps.Centrifugal pumps comprise axial, mixed-flow and radial types. Positive displacement pumps include piston, screw, sliding vane and rotary lobe types.Industrial pumps find application in various industries and play an essential role in moving an assortment of fluids from one location to another. Industrial pumps come in a variety of shapes, sizes and capacities.
Western Europe is expected to witness sluggish market growth, characterized by stagnant economic conditions and low industrial output. Eastern Europe is expected to exhibit relatively stronger growth owing to improving industrial output in chemicals and water treatment industries. Middle East expenditure for industrial pumps are expected to rise as the pump sales in this region is expected to gain traction due to investments in desalination plants.
Improving economic conditions in the Asia Pacific (APAC) region are expected to open up enormously potential opportunities for pump manufacturers, as the automotive, construction and manufacturing industries are likely to witness substantial growth in the coming years. Along with the harsh impact of the recent recession, tough competition from low-cost manufacturers in developing nations is indeed a major restraint for development of the industrial pumps market in this region. Customers are usually inclined towards low-cost products, which barely comply with environmental standards. This factor is impacting the industrial pumps market to considerable extent.
As it is difficult to compete with low-cost rivals on the basis of price, leading industrial pump manufacturing companies will need to adopt different promotional strategies, based on the quality of their products, services and maintenance to sustain in the global market.
The key players in the industrial pumps market are ITT Corp., Flowserve Corp., KSB AG, Sulzer Ltd., Grundfos A/S, Ebara Corp., Weir Group plc, Baker Hughes, Inc., Schlumberger Ltd. and Clyde Union, Inc.
Pumping systems are critically important for any process or manufacturing plants to operate efficiently. Industrial pumps are used for various industrial applications such as power and petrochemical plants, which directly support generation and production processes, and usually work for extended durations. It is estimated that around 27% of all the energy consumed by any industry is constituted by motor-driven equipment. This offers manufacturers of industrial pumps a window of opportunity to improve efficiency and launch newer and more innovative products.
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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. The report provides analysis and information by categories such as market types, technology and applications.
It report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
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- Technology
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Regional analysis includes
- India
- China
- ASEAN
- Oceania
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Asia Pacific Industrial Pumps Market
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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