Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Increased Investments in Process End Market will Drive Demand for Pumps
save 15 %
* Required Fields
Pay by invoice
This research service analyzes current and future trends in the global pumps market across various industries. This analysis is in an Excel format. Analysis has been based on the key end-user segment of pumps (oil and gas, chemicals, power generation, construction, pharmaceuticals, food and beverage, metals and mining, water and wastewater, and others). The data has been segmented by positive displacement and centrifugal pumps. Positive displacement pump includes diaphragm, vane, peristaltic, piston, gear, lobe, progressive cavity, and screw pumps. Centrifugal pump types include single-stage, multi-stage, axial and mixed-flow, submersible, seal-less, and circular pumps. Various market drivers and restraints and their impacts over time have been discussed. In addition, this research outlines the total market share analysis. A detailed regional breakdown covering North America, Latin America, Europe, the Middle East and Africa, and the Asia-Pacific has been provided with revenue forecasts for end-user industries. The forecast period is from 2019 to 2025, with 2018 as the base year. From a global economic standpoint, the US economy has been forecast to experience a marginal growth in the short term. The PD pump and centrifugal pump market is expected to witness a CAGR of 2.6% and 2.3% respectively for 2018 to 2025. Growth is expected as a result of improving oil prices and investments in the chemical, water and wastewater, and power generation sectors. Furthermore, improving economies in the Asia-Pacific are expected to witness a year of strongest growth as far as sales are concerned. In several Asa-Pacific countries, especially, economic activity has been forecast to a CAGR of 4.3% and 4.1% for the PD pump market and the centrifugal pump market, respectively. The key contributing factors to this positive global outlook are growth in the industrial infrastructure in the emerging markets of the Asia-Pacific and expected demand from end market such as power, chemicals, water and waste water due to increased investment. Refurbishment of aging infrastructure in the water and wastewater industry, especially in Europe and North America, will be a key factor in driving the growth of the pumps market. However, uncertainty in the political scenario in Europe coupled with upcoming elections in North America (both Canada and USA) will have an impact on the growth of the pump industry in Europe and the Asia-Pacific. Furthermore, a positive global economic outlook for Southeast Asian countries, coupled with growing domestic demand from chemical, petrochemical, power generation, water and wastewater, oil & gas industries is expected to drive the demand for pumps. Continued focus on OPEX will see the demand for energy-efficient pumps and pump-related monitoring and analytic offering.Author: Avinash Kumar
Industrial Internet of Things (IIoT) Drives Innovation in Digital Solutions for the Global Gear Pump Market
Demand for Energy-efficient Pumps and Digital Services Powering the Global Centrifugal Pumps Market
Value-added Services Backed by Industry 4.0 to Propel the Global Oil & Gas Refinery MRO Services Market, 2020–2024
2025 Vision: Future of Pumps in a Connected World
Strategic Outlook of the Global Pumps Market, 2020
Global Oil and Gas Pumps Market, 2019
Industrial Pumps Market in Russia, Forecast to 2023
Australian Industrial Pumps Market, Forecast to 2024
North American Positive Displacement Pumps Market, Forecast to 2026
Frost Radar in the Top IoT Solutions in the Pumps Market
power electronics market
solar energy market
food waste market
commercial aircraft market forecast
consumer drone market
residential energy storage market
packaged food industry
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.