Australian Industrial Pumps Market, Forecast to 2024

Australian Industrial Pumps Market, Forecast to 2024

Despite challenging conditions in the near term, strong growth opportunities from specific end markets support long-term growth

RELEASE DATE
17-Dec-2019
REGION
Asia Pacific
Research Code: 9AAC-00-47-00-00
SKU: IA01557-AP-MR_23819
$1,500.00
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$1,500.00
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Description

This study analyses the size, drivers, restraints, trends, opportunities, and competitive environment of the Australian industrial pumps market from 2017 to 2024. The Australian industrial pumps market is undergoing significant changes in its competitive and technological environment. Driven by the demand from key end markets and for technological capabilities in operational efficiency, the pumps market in Australia is expected to record steady long-term growth. Recovery of the mining industry in the country is expected to make mining applications a major contributing end market, as the demand for pumps increases with the opening of new mines and expansion of existing ones. Demand from the water and wastewater industry is also expected to increase due to population growth and its deleterious effect on the already scarce water sources in the country. Moreover, the pumps industry in Australia has seen, and will continue to see, a steady increase in the use of high-efficiency pipes due to high energy costs. With respect to business models, there has been a significant increase in customer interest in pump rental and maintenance services due to a growing focus on capital expenditure reduction.

The biggest threats to the industrial pumps market in Australia during both long and short terms are posed by rising input costs and margin pressure. Costs of materials that are crucial for the pumps industry such as steel and aluminium alongside rising labour and transportation costs are placing a major strain on pump manufacturers and suppliers, making it challenging for them to maintain profitability. The market is further restrained by the overall economic slowdown that has dampened the demand for pumps as the number of projects amongst end users decreases. This is exacerbated by the increase in external competition from foreign pump suppliers, particularly Chinese suppliers, and the resultant price competition. Finally, the industry has been facing a shortage of skilled labour, which adversely impacts the uptake of new, upside-generating technologies.

Opportunities in the pumps market in Australia lie in several key areas. Smart technology, analytics, and other emerging and advanced technologies are poised to offer significant long-term pump life cycle solutions, cost reduction, and revenue generation opportunities. Solar-powered pumps are also expected to play a key role in future energy efficiency initiatives. This is relevant especially for Australia and the natural advantage its climatic conditions provide to this segment. Pumps-as-a-Service is becoming an increasingly viable business model and offers customers increased flexibility and agility in pump ownership and deployment. Moreover, growth of the pumped hydro market in Australia, which is being supported by the federal government, creates an advantageous environment driving the overall industrial pumps market.

Author: Ivan Fernandez

Table of Contents

Key Findings

Scope and Sectors

Key Definition and Assumptions

Overview

Market Overview

Porter’s Five Forces Analysis

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Revenue Forecast

Revenue Forecast Discussion

Percent Revenue by End Market Application

Percent Revenue by Pump Type

Distribution Channel Analysis

Digital Transformation Trends in the Pump Industry

Solar-powered Pumps—Overview and Success Stories

Solar-powered Pumps—Case Study

Smart Pumps—Case Study

Vibration Condition Monitoring

Mining

Oil and Gas

Water and Wastewater

Food and Beverage

Agriculture

Construction

Power

Other Manufacturing and Processing Industries

Market Share

Competitive Structure

Competitive Analysis—Heat Map based on Application

Competitive Factors

Growth Opportunity 1—Technological Innovations

Growth Opportunity 2—Solar-powered Pumps

Growth Opportunity 3—Pump Service and Rental

Growth Opportunity 4—Pumped Hydro

Strategic Imperatives for Success And Growth

The Last Word

Legal Disclaimer

List of Companies in “Others”

List of Companies in “Others” (continued)

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
This study analyses the size, drivers, restraints, trends, opportunities, and competitive environment of the Australian industrial pumps market from 2017 to 2024. The Australian industrial pumps market is undergoing significant changes in its competitive and technological environment. Driven by the demand from key end markets and for technological capabilities in operational efficiency, the pumps market in Australia is expected to record steady long-term growth. Recovery of the mining industry in the country is expected to make mining applications a major contributing end market, as the demand for pumps increases with the opening of new mines and expansion of existing ones. Demand from the water and wastewater industry is also expected to increase due to population growth and its deleterious effect on the already scarce water sources in the country. Moreover, the pumps industry in Australia has seen, and will continue to see, a steady increase in the use of high-efficiency pipes due to high energy costs. With respect to business models, there has been a significant increase in customer interest in pump rental and maintenance services due to a growing focus on capital expenditure reduction. The biggest threats to the industrial pumps market in Australia during both long and short terms are posed by rising input costs and margin pressure. Costs of materials that are crucial for the pumps industry such as steel and aluminium alongside rising labour and transportation costs are placing a major strain on pump manufacturers and suppliers, making it challenging for them to maintain profitability. The market is further restrained by the overall economic slowdown that has dampened the demand for pumps as the number of projects amongst end users decreases. This is exacerbated by the increase in external competition from foreign pump suppliers, particularly Chinese suppliers, and the resultant price competition. Finally, the industry has been facing a shortage of skilled labour, which adversely impacts the uptake of new, upside-generating technologies. Opportunities in the pumps market in Australia lie in several key areas. Smart technology, analytics, and other emerging and advanced technologies are poised to offer significant long-term pump life cycle solutions, cost reduction, and revenue generation opportunities. Solar-powered pumps are also expected to play a key role in future energy efficiency initiatives. This is relevant especially for Australia and the natural advantage its climatic conditions provide to this segment. Pumps-as-a-Service is becoming an increasingly viable business model and offers customers increased flexibility and agility in pump ownership and deployment. Moreover, growth of the pumped hydro market in Australia, which is being supported by the federal government, creates an advantageous environment driving the overall industrial pumps market. Author: Ivan Fernandez
More Information
No Index No
Podcast No
Author Ivan Fernandez
Industries Industrial Automation
WIP Number 9AAC-00-47-00-00
Is Prebook No
GPS Codes 9672-A9,9839-A9,9593,9420