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The Water and Wastewater Industry, IIoT-based Pump Solutions, and Energy Transition Projects to Fuel Future Growth Potential Despite Economic Hurdles
05-Apr-2022
Global
Market Outlook
K66F-01-00-00-00
IA01651-GL-MO_26434
The COVID-19 pandemic and subsequent outbreak of new variants have forced pump OEMs to revisit their manufacturing and supply chain strategies to remain relevant and resilient in a volatile business landscape. This research outlook provides an overview of various global opportunities and roadblocks that will influence pump OEMs’ growth performance in 2022.
A COVID-19-associated economic slowdown, supply chain disruptions, digitalization, and a global agenda shifting towards sustainability and energy transition are the main themes influencing the pumps market. This research outlook provides revenue forecasts for 2022, considering macroeconomic factors, the pumps industry maturity, the scope of product and service innovation, and technological advancements. Both centrifugal and positive displacement pumps technology are covered, with growth estimates provided at the sub-product level. The regional assessment of growth opportunities in 2022 includes North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific. The analysis also offers an overview of end-user segment performance, which covers oil and gas, chemicals, water and wastewater, power generation, construction, food and beverage, metals and mining, and pharmaceuticals.
Furthermore, key trends pertaining to digitalization and the Industrial Internet of Things (IIoT) are discussed to highlight the significance of new service-based models and their implication on pump OEMs’ future growth prospects. Last, Frost & Sullivan has identified five lucrative growth opportunities market players should consider to unlock new revenue streams, cater to continuously changing market needs, and remain competitive.
Top predictions for 2022 include:
• Global economic slowdown and an Omicron outbreak will blur the growth outlook for pump OEMs.
• Net-zero policies and measures will bolster water and wastewater facilities and promote pump equipment sales and IIoT-based services.
• Investments in decarbonization will increase across the energy sector and positively impact the pumps market.
• Pumps-as-a-Service and IIoT-based services will become significant.
• New partnerships and merger and acquisition (M&A) deals by pump OEMs will persist.
Author: Kiravani Emani
Key Highlights of the Global Pumps Industry in 2021
Impact of COVID-19 on the Global Pumps Industry
The 2021 Global Pumps Market— Actuals vs. Forecast
Global Pumps Industry Historic Sales
Impact of COVID-19 on Key Regions
Top Predictions for 2022
Why is it Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Pumps Industry
Growth Opportunities Fuel the Growth Pipeline EngineTM
Research Scope
Market Segmentation
Market Segmentation by Product
Market Segmentation by Region
Market Segmentation by End User
Top 5 Global Economic Highlights of 2021
Top 5 Global Economic Predictions for 2022
Global GDP Growth
2022 Scenario Analysis—Quarterly Global Growth
2022 Scenario Analysis—Assumptions
2022 Global GDP Growth Snapshot
Advanced Economies—Predictions for 2022
Emerging Market Economies—Predictions for 2022
Top 5 Global Predictions for 2022—Macroeconomic Policies and Developments
Global Pumps Revenue by End User in 2021 and 2022
Overview of the 2022 Pumps Market Landscape
Global Pumps Revenue by Region in 2022
Revenue Forecast by Segment, Global Centrifugal Pumps
Revenue Forecast by Segment, Global PD Pumps
Key 2022 Pumps Market Trends
Prediction 1—Global Economic Slowdown and Omicron Outbreak Blur Growth Outlook for Pump OEMs
Prediction 2—Net-zero Policies and Measures to Bolster WWW Facilities Will Promote Pump Equipment Sales and IIoT-based Services
Prediction 3—Investments in Decarbonization Will Experience Uptake across the Energy Sector and Positively Impact the Pumps Market
Prediction 4—Pumps-as-a-Service and IIoT-based Services Will Become Significant
Prediction 5—New Partnerships and M&A Deals by Pump OEMs Will Persist
Dawn of New Service-based Business Model—Transition from IIoT 1.0 to IIoT 2.0
Prospective Business Model—Outcome-driven Approach
Pumps-as-a-Service for Value Addition and Customer Experience Enhancement
Digital Twins-driven Connected Pumps for Efficient Performance and Enhanced Lifetime
Wearable-based Digital Field Services for Remote and Real-time Pump Monitoring
Digital Energy-efficiency Benchmarking to Support Sustainability Goals
Global Agenda to Build Hydrogen Economy
Energy Transition Programs Accelerate Battery Manufacturing
Investment Boost towards Carbon Capture and Storage (CCS) in North America and Europe
Mega Trends Influencing the Global Pumps Market
Transformational Themes Influencing Global Pumps Market
2021 Market Snapshot—Centrifugal Pumps
Key Growth Opportunities for 2022–2025
Centrifugal Pumps—Companies to Watch
2021 Market Snapshot—Positive Displacement Pumps
Key Growth Opportunities for 2022–2025
PD Pumps—Companies to Watch
2022 Predictions—North America
2022 Predictions—Latin America
2022 Predictions—Europe
2022 Predictions—The Middle East & Africa
2022 Predictions—Asia-Pacific
End-user Investment Outlook
Growth Opportunity 1—Pumps-as-a-Service for Unlocking New Revenue Stream and Bolstering Customer Engagement
Growth Opportunity 1—Pumps-as-a-Service for Unlocking New Revenue Stream and Bolstering Customer Engagement (continued)
Growth Opportunity 2—Digital Energy-efficiency Benchmarking to Support Climate Action Plan
Growth Opportunity 2—Digital Energy-efficiency Benchmarking to Support Climate Action Plan (continued)
Growth Opportunity 3—Flow Management-as-a-Service for Addressing Critical Customer Needs and Expanding Customer Base
Growth Opportunity 3—Flow Management-as-a-Service for Addressing Critical Customer Needs and Expanding Customer Base
Growth Opportunity 4—Expand Service Offerings with Managed Contracts
Growth Opportunity 4—Expand Service Offerings with Managed Contracts (continued)
Growth Opportunity 5—Smart Wearables to Enhance Field Services, Promote Worker Safety, and Save Operational Costs
Growth Opportunity 5—Smart Wearables to Enhance Field Services, Promote Worker Safety, and Save Operational Costs (continued)
Key Conclusions and Future Outlook
Abbreviations and Acronyms Used
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Pumps Industry: Highlights, Global, FY 2021
- Pumps Market: Revenues, Global, FY 2016–2023
- Pumps Outlook: Revenue by Region – COVID-19 Impact, Global, 2020–2022
- Total Pumps Market: Market Segmentation, Global, 2021
- GDP Growth, Advanced, and Emerging and Developing Economies, Global, 2017–2022
- GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022
- Assumptions for Growth Scenarios, Global, 2022
- GDP Growth Rate, Select Economies, 2020–2022
- Macroeconomic Predictions and Scenario Outcomes, Global, 2022
- Total Pumps Market: Revenue Forecast by End User, Global, 2021 and 2022
- Total Pumps Market: Overview of the Market Landscape, Global, 2022
- Total Pumps Market: Revenue Forecast by Region, Global, 2021–2022
- Centrifugal Pumps Market: Revenue Forecast by Segment, Global, 2021–2022
- PD Pumps Market: Revenue Forecast by Segment, Global, 2021–2022
- Hydrogen Market: Potential Opportunities for Pumps by Application, Global, 2022
- Hydrogen Market: Dedicated Hydrogen Production (Million Tonnes), Global, 2022–2050
- Battery Manufacturing: Potential Opportunities for Pumps by Application, Global, 2022
- Annual Investments in CCS, US and Europe, 2020–2027
- CCS: Potential Opportunities for Pumps by Application, Global, 2022
- Centrifugal Pumps Market: Percent Revenue Forecast by Region, Global, 2021
- Centrifugal Pumps Market: Percent Revenue Forecast by Segment, Global, 2021
- Positive Displacement Pumps Market: Percent Revenue Forecast by Region, Global, 2021
- Positive Displacement Pumps Market: Percent Revenue Forecast by Segment, Global, 2021
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Kiravani Emani |
| GPS Codes | 95,939,420 |
| Industries | Industrial Automation |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | Pumps Industry: Highlights, Global, FY 2021~ Pumps Market: Revenues, Global, FY 2016–2023~ Pumps Outlook: Revenue by Region – COVID-19 Impact, Global, 2020–2022~ Total Pumps Market: Market Segmentation, Global, 2021~ GDP Growth, Advanced, and Emerging and Developing Economies, Global, 2017–2022~ GDP Growth Scenario Analysis, Global, Q1 2019–Q4 2022~ Assumptions for Growth Scenarios, Global, 2022~ GDP Growth Rate, Select Economies, 2020–2022~ Macroeconomic Predictions and Scenario Outcomes, Global, 2022~ Total Pumps Market: Revenue Forecast by End User, Global, 2021 and 2022~ Total Pumps Market: Overview of the Market Landscape, Global, 2022~ Total Pumps Market: Revenue Forecast by Region, Global, 2021–2022~ Centrifugal Pumps Market: Revenue Forecast by Segment, Global, 2021–2022~ PD Pumps Market: Revenue Forecast by Segment, Global, 2021–2022~ Hydrogen Market: Potential Opportunities for Pumps by Application, Global, 2022~ Hydrogen Market: Dedicated Hydrogen Production (Million Tonnes), Global, 2022–2050~ Battery Manufacturing: Potential Opportunities for Pumps by Application, Global, 2022~ Annual Investments in CCS, US and Europe, 2020–2027~ CCS: Potential Opportunities for Pumps by Application, Global, 2022~ Centrifugal Pumps Market: Percent Revenue Forecast by Region, Global, 2021~ Centrifugal Pumps Market: Percent Revenue Forecast by Segment, Global, 2021~ Positive Displacement Pumps Market: Percent Revenue Forecast by Region, Global, 2021~ Positive Displacement Pumps Market: Percent Revenue Forecast by Segment, Global, 2021~ |
| Podcast | No |
| WIP Number | K66F-01-00-00-00 |
Global Pumps Outlook, 2022
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