Global Pumps Outlook, 2022

Global Pumps Outlook, 2022

The Water and Wastewater Industry, IIoT-based Pump Solutions, and Energy Transition Projects to Fuel Future Growth Potential Despite Economic Hurdles

RELEASE DATE
05-Apr-2022
REGION
Global
Research Code: K66F-01-00-00-00
SKU: IA01651-GL-MO_26434
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Description

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

Table of Contents

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

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
More Information
Author Kiravani Emani
GPS Codes 95,939,420
Industries Industrial Automation
No Index No
Is Prebook No
Podcast No
WIP Number K66F-01-00-00-00