Abstract
Summary
The global industrial pumps market is expected to reach $86,346.0 million in 2030, from $55,830.1 million in 2020, growing at a CAGR of 4.3% from 2021 to 2030.
Industrial pumps are employed in nearly every process industry. They are mainly utilized for regulation, direction, and control of liquids, slurries, gases, vapors, and others flowing through piping systems. They are high functioning devices, manufactured using cast iron, carbon steel, stainless steel, various metal alloys, bronze, and many other high performing materials. A pump body mainly consists of a body, seat, and a stem, which may or may not be manufactured using a single material. Moreover, industrial pumps are mainly custom designed and manufactured as well as available as pre-designed valves as per the industry requirement. Moreover, there is rise in adoption of pumps in oil & gas, food & beverages, water & wastewater, chemicals, and other prominent processing industries.
Rise in growth of oil & gas industries, in turn, increases the demand for pumps, which is projected to boost the growth of the global industrial pumps market. For instance, according to the report on North America Midstream Infrastructure Association, rise in oil & gas infrastructure is projected to grow from $685 million in 2018 to $895 million by 2035.
In addition, standard valves can be easily upgraded using automatic actuator systems or automatic control systems, which drives the growth of the industrial pumps market. Moreover, the demand for industrial pumps has significantly increased from the food & beverages industry mainly from the developing nations in Asia-Pacific and Latin America. With surge in agriculture and rising demand for processed food, the food & beverages processing industry has witnessed high growth in countries such as India, Brazil, and others. This, in turn, has created a high demand for industrial pumps for processing industries, thereby fueling the growth of the industrial pumps market.
However, the saturation in industrial growth in major developed countries, such as Germany, the U.S., the UK, and others, is expected to affect the growing trend for industrial pumps significantly. The demand for industrial pumps is extremely slow paced in the previously mentioned countries mainly due to the developed industrial infrastructure. This is predicted to restrain the growth of the industrial pumps market. In addition, fluctuation in raw material price is anticipated to restraint the growth of the industrial pumps market.
On the contrary, technological advancements in industrial pumps, such as implementation of automation and control technologies, are expected to create lucrative growth opportunities for the global industrial pumps market.
The global industrial pumps market is segmented into type, position, driving force, end user, and region. By type, the market is categorized into centrifugal, reciprocating, rotary, and others. Centrifugal segment generated the highest revenue in 2020. By position, the market is categorized into submersible, and non-submersible. Non-submersible segment generated the highest revenue in 2020. Depending on driving force, it is segregated into engine-driven and electrical-driven. Electrical driven segment generated the highest revenue in 2020. On the basis of end-user, it is differentiated into oil & gas, chemicals, power generation, water & wastewater, and general industry. General industry segment generated the highest revenue in 2020.
The global industrial pumps market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, and is expected to grow at the fastest rate.
COMPETITION ANALYSIS
The key market players profiled in the report include Flowserve Corporation, The Weir Group plc, Grundfos, KSB, ITT Inc, Sulzer, EBARA Corporation, Xylem, SPX Flow Corporation, and Baker Hughes.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current and emerging global industrial pumps market trends and dynamics.
In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive industrial pumps market opportunity analysis of all the countries is also provided in the report.
The global industrial pumps market forecast analysis from 2021 to 2030 is included in the report.
The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
GLOBAL INDUSTRIAL PUMPS MARKET SEGMENTS
BY TYPE
• Centrifugal
o Submersible Motor
o Single-Stage
o Multi-Stage
o Others
• Reciprocating
o Piston/Plunger
o Others
• Rotary
o Gear
o Vane
o Screw
o Others
• Others
BY POSITION
• Submersible
• Non-submersible
BY DRIVING FORCE
• Engine-Driven
• Electrical-Driven
BY END USER
• Oil & Gas
o Onshore
o Offshore
o Refining
• Chemicals
o Basic Chemicals
o Biofuels
o Other Chemicals
• Power Generation
o Coal/Oil Power
o Gas/Cogen Power
o Nuclear Power
o Hydro Power
• Water & Wastewater
• General Industry
o Mining
o Food & Beverage
o Metal Manufacturing
o Building Services
o Construction Dewatering
o Others
BY REGION
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Russia
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
KEY PLAYERS
• Flowserve Corporation
• The Weir Group plc
• Grundfos
• KSB
• ITT Inc
• Sulzer
• EBARA Corporation
• Xylem
• SPX Flow Corporation
• Baker Hughes
Table of Contents
1 INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 KEY BENEFITS FOR STAKEHOLDERS
1.3 KEY MARKET SEGMENTS
1.4 KEY MARKET PLAYERS
1.5 RESEARCH METHODOLOGY
1.5.1 Primary research
1.5.2 Secondary research
1.5.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 KEY FINDINGS OF THE STUDY
2.2 CXO PERSPECTIVE
3 MARKET OVERVIEW
3.1 MARKET DEFINITION AND SCOPE
3.2 KEY FINDINGS
3.2.1 Top Investment Pockets
3.2.2 Top winning strategies
3.3 PORTER'S FIVE FORCES ANALYSIS
3.4 MARKET PLAYER POSITIONING, 2020
3.5 MARKET DYNAMICS
3.5.1 Drivers
- 3.5.1.1 Increase in construction activities
- 3.5.1.2 The surge in demand from the mining industry
- 3.5.1.3 Strong industrialization and rapid urbanization in emerging economies
3.5.2 Restraint
- 3.5.2.1 Unstable prices of raw material and high operating costs associated
- 3.5.2.2 Competition from domestic manufacturers
3.5.3 Opportunities
- 3.5.3.1 The surge in awareness about energy saving and government regulations
- 3.5.3.2 A rise in demand for wastewater management
3.6 COVID-19 IMPACT ANALYSIS
4 INDUSTRIAL PUMPS MARKET, BY TYPE
4.1 MARKET OVERVIEW
4.1.1 Market size and forecast, by type
4.2 CENTRIFUGAL
4.2.1 Key market trends, growth factors, and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market size and forecast, by type
4.2.4 Market size and forecast, by country
4.3 RECIPROCATING
4.3.1 Key market trends, growth factors, and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market size and forecast, by type
4.3.4 Market size and forecast, by country
4.4 ROTARY
4.4.1 Key market trends, growth factors, and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market size and forecast, by type
4.4.4 Market size and forecast, by country
4.5 OTHER
4.5.1 Key market trends, growth factors, and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market size and forecast, by country
5 INDUSTRIAL PUMPS MARKET, BY POSITION
5.1 MARKET OVERVIEW
5.1.1 Market size and forecast, by type
5.2 SUBMERSIBLE
5.2.1 Key market trends, growth factors, and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 NON-SUBMERSIBLE
5.3.1 Key market trends, growth factors, and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
6 INDUSTRIAL PUMPS MARKET, BY DRIVING FORCE
6.1 MARKET OVERVIEW
6.1.1 Market size and forecast, by driving force
6.2 ENGINE DRIVEN
6.2.1 Key market trends, growth factors, and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market size and forecast, by country
6.3 ELECTRICAL DRIVEN
6.3.1 Key market trends, growth factors, and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market size and forecast, by country
7 INDUSTRIAL PUMPS MARKET, BY END USER
7.1 OVERVIEW
7.1.1 Market size and forecast, by application
7.2 OIL & GAS
7.2.1 Key market trends, growth factors, and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market size and forecast, by type
7.2.4 Market analysis, by country
7.3 CHEMICALS
7.3.1 Key market trends, growth factors, and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market size and forecast, by type
7.3.4 Market analysis, by country
7.4 POWER GENERATION
7.4.1 Key market trends, growth factors, and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market size and forecast, by type
7.4.4 Market analysis, by country
7.5 WATER & WASTEWATER
7.5.1 Key market trends, growth factors, and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis, by country
7.6 GENERAL INDUSTRY
7.6.1 Key market trends, growth factors, and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market size and forecast, by type
7.6.4 Market analysis, by country
8 INDUSTRIAL PUMPS MARKET, BY REGION
8.1 OVERVIEW
8.1.1 Market size and forecast, by region
8.2 NORTH AMERICA
8.2.1 Key market trends and opportunities
8.2.2 Market size and forecast, by type
- 8.2.2.1 North America market size and forecast, by type
8.2.3 Market size and forecast, by position
8.2.4 Market size and forecast, by driving force
8.2.5 Market size and forecast, by end user
- 8.2.5.1 North America market size and forecast, by type
8.2.6 Market analysis, by country
- 8.2.6.1 U.S
- 8.2.6.1.1 Market size and forecast, by type
- 8.2.6.1.2 Market size and forecast, by position
- 8.2.6.1.3 Market size and forecast, by driving force
- 8.2.6.1.4 Market size and forecast, by end user
- 8.2.6.2 Canada
- 8.2.6.2.1 Market size and forecast, by type
- 8.2.6.2.2 Market size and forecast, by position
- 8.2.6.2.3 Market size and forecast, by driving force
- 8.2.6.2.4 Market size and forecast, by end user
- 8.2.6.3 Mexico
- 8.2.6.3.1 Market size and forecast, by type
- 8.2.6.3.2 Market size and forecast, by position
- 8.2.6.3.3 Market size and forecast, by driving force
- 8.2.6.3.4 Market size and forecast, by end user
- 8.2.6.1 U.S
8.3 EUROPE
8.3.1 Key market trends, growth factors, and opportunities
8.3.2 Market size and forecast, by type
- 8.3.2.1 Europe market size and forecast, by type
8.3.3 Market size and forecast, by position
8.3.4 Market size and forecast, by driving force
8.3.5 Market size and forecast, by end user
- 8.3.5.1 Europe market size and forecast, by type
8.3.6 Market analysis, by country
- 8.3.6.1 Germany
- 8.3.6.1.1 Market size and forecast, by type
- 8.3.6.1.2 Market size and forecast, by position
- 8.3.6.1.3 Market size and forecast, by driving force
- 8.3.6.1.4 Market size and forecast, by end user
- 8.3.6.2 UK
- 8.3.6.2.1 Market size and forecast, by type
- 8.3.6.2.2 Market size and forecast, by position
- 8.3.6.2.3 Market size and forecast, by driving force
- 8.3.6.2.4 Market size and forecast, by end user
- 8.3.6.3 France
- 8.3.6.3.1 Market size and forecast, by type
- 8.3.6.3.2 Market size and forecast, by position
- 8.3.6.3.3 Market size and forecast, by driving force
- 8.3.6.3.4 Market size and forecast, by end user
- 8.3.6.4 Russia
- 8.3.6.4.1 Market size and forecast, by type
- 8.3.6.4.2 Market size and forecast, by position
- 8.3.6.4.3 Market size and forecast, by driving force
- 8.3.6.4.4 Market size and forecast, by end user
- 8.3.6.5 Rest of Europe
- 8.3.6.5.1 Market size and forecast, by type
- 8.3.6.5.2 Market size and forecast, by position
- 8.3.6.5.3 Market size and forecast, by driving force
- 8.3.6.5.4 Market size and forecast, by end user
- 8.3.6.1 Germany
8.4 ASIA-PACIFIC
8.4.1 Key market trends, growth factors, and opportunities
8.4.2 Market size and forecast, by type
- 8.4.2.1 Asia-Pacific market size and forecast, by type
8.4.3 Market size and forecast, by position
8.4.4 Market size and forecast, by driving force
8.4.5 Market size and forecast, by end user
- 8.4.5.1 Asia-Pacific market size and forecast, by type
8.4.6 Market analysis, by country
8.4.7 China
- 8.4.7.2 Japan
- 8.4.7.2.1 Market size and forecast, by type
- 8.4.7.2.2 Market size and forecast, by position
- 8.4.7.2.3 Market size and forecast, by driving force
- 8.4.7.2.4 Market size and forecast, by end user
- 8.4.7.3 India
- 8.4.7.3.1 Market size and forecast, by type
- 8.4.7.3.2 Market size and forecast, by position
- 8.4.7.3.3 Market size and forecast, by driving force
- 8.4.7.3.4 Market size and forecast, by end user
- 8.4.7.4 Australia
- 8.4.7.4.1 Market size and forecast, by type
- 8.4.7.4.2 Market size and forecast, by position
- 8.4.7.4.3 Market size and forecast, by driving force
- 8.4.7.4.4 Market size and forecast, by end user
- 8.4.7.5 Rest of Asia-Pacific
- 8.4.7.5.1 Market size and forecast, by type
- 8.4.7.5.2 Market size and forecast, by position
- 8.4.7.5.3 Market size and forecast, by driving force
- 8.4.7.5.4 Market size and forecast, by end user
- 8.4.7.2 Japan
8.5 LAMEA
8.5.1 Key market trends, growth factors, and opportunities
8.5.2 Market size and forecast, by type
- 8.5.2.1 LAMEA market size and forecast, by type
8.5.3 Market size and forecast, by position
8.5.4 Market size and forecast, by driving force
8.5.5 Market size and forecast, by end user
- 8.5.5.1 LAMEA market size and forecast, by type
8.5.6 Market analysis, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Market size and forecast, by type
- 8.5.6.1.2 Market size and forecast, by position
- 8.5.6.1.3 Market size and forecast, by driving force
- 8.5.6.1.4 Market size and forecast, by end user
- 8.5.6.2 Middle East
- 8.5.6.2.1 Market size and forecast, by type
- 8.5.6.2.2 Market size and forecast, by position
- 8.5.6.2.3 Market size and forecast, by driving force
- 8.5.6.2.4 Market size and forecast, by end user
- 8.5.6.3 Africa
- 8.5.6.3.1 Market size and forecast, by type
- 8.5.6.3.2 Market size and forecast, by position
- 8.5.6.3.3 Market size and forecast, by driving force
- 8.5.6.3.4 Market size and forecast, by end user
- 8.5.6.1 Latin America
9 COMPANY PROFILES
9.1 ATLAS COPCO AB
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 R&D Expenditure
9.1.7 Business performance
9.1.8 Key strategic moves and developments
9.2 EBARA CORPORATION
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 R&D Expenditure
9.2.7 Business performance
9.2.8 Key strategic moves and developments
9.3 FLOWSERVE CORPORATION
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 R&D Expenditure
9.3.7 Business performance
9.4 GRUNDFOS HOLDING A/S
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Product portfolio
9.4.5 R&D Expenditure
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 ITT INC
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 R&D Expenditure
9.5.7 Business performance
9.5.8 Key strategic moves and developments
9.6 KSB SE & CO. KGAA
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 R&D Expenditure
9.6.7 Business performance
9.7 SULZER LTD
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 R&D Expenditure
9.7.7 Business performance
9.7.8 Key strategic moves and developments
9.8 THE GORMAN-RUPP COMPANY
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 THE WEIR GROUP PLC
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 R&D Expenditure
9.9.7 Business performance
9.10 XYLEM INC
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 R&D Expenditure
9.10.7 Business performance
9.10.8 Key strategic moves and developments