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Industrial Internet of Things (IIoT) Drives Innovation in Digital Solutions for the Global Gear Pump Market
Industrial Internet of Things (IIoT) Drives Innovation in Digital Solutions for the Global Gear Pump Market
New Pump-as-a-Service Business Models Lead OEMs toward Transformational Growth
18-May-2021
Global
Description
This study analyzes the global gear pump market and its growth prospects in the short, medium, and long terms. The COVID-19 pandemic has created unforeseen circumstances for businesses around the world, affecting overall growth of the manufacturing sector. This research offers a growth outlook for the global gear pump market from 2021 to 2025.
The gear pump sub-products included in this study are internal and external gear pumps, which differ in design. The internal gear pump has an outer gear that drives the inner gear when it turns. In the external gear pump, the gears rotate against each other.
The vertical markets analyzed in this study are oil and gas, chemicals, food and beverage (F&B), water and wastewater (W&WW), pharmaceuticals, power generation, and others (agriculture, automotive, electronics, marine, mining, pulp and paper, and textiles).
The regional segmentation covers North America, Latin America (LATAM), Asia-Pacific (APAC), Europe, and the Middle East and Africa (MEA).
As the pump market is mature, Frost & Sullivan highlights the various digital solutions that can be implemented to drive market revenue. In addition, a competitive evaluation of gear pumps is captured, including a look at the leading market players and key factors helping them outperform their competitors.
Importantly, this research offers 4 lucrative growth opportunities for pump OEMs to consider in the global market. Frost & Sullivan identifies these growth opportunities as key enablers that will unlock new revenue streams and deliver differentiated pump products and services.
The Industrial Internet of Things (IIoT) and digital transformation, energy efficiency, the effects of oil prices, and the US trade war are among the main developments explored in this report. IIoT is a top trend impacting manufacturers, as end users increasingly prioritize improving plant maintenance and reducing operating expenditure (OPEX). As more businesses realize that IIoT will drive the future of manufacturing, they will begin to look at data ownership, security, alignment with existing infrastructure, and return on investment (ROI) as priorities.
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Gear Pump Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Gear Pump Market Scope of Analysis
Gear Pump Market Segmentation
Gear Pump Market Regional Segmentation
Key Competitors for Gear Pump Market by Region
Key Competitors for Gear Pump Market by Product
Key Growth Metrics for Gear Pump Market
Distribution Channels for Gear Pump Market
Growth Drivers for Gear Pump Market
Growth Driver Analysis for Gear Pump Market
Growth Driver Analysis for Gear Pump Market (continued)
Growth Restraints for Gear Pump Market
Growth Restraint Analysis for Gear Pump Market
Growth Restraint Analysis for Gear Pump Market (continued)
Forecast Assumptions, Gear Pump Market
Revenue Forecast, Gear Pump Market
Revenue Forecast by Product, Gear Pump Market
Revenue Forecast by Region, Gear Pump Market
Revenue Forecast by Industry Vertical, Gear Pump Market
Revenue Forecast Analysis, Gear Pump Market
Revenue Forecast Analysis by Region, Gear Pump Market
Revenue Forecast Analysis by Industry Vertical, Gear Pump Market
Revenue Forecast Analysis by Industry Vertical, Gear Pump Market (continued)
Revenue Forecast Analysis by Industry Vertical, Gear Pump Market (continued)
Revenue Forecast Analysis by Industry Vertical, Gear Pump Market (continued)
Pricing Trends and Forecast Analysis, Gear Pump Market
Competitive Environment, Gear Pump Market
Revenue Share, Gear Pump Market
SWOT Analysis of Key Participants, Gear Pump Market
Key Growth Metrics for Gear Pump Market, North America
Revenue Forecast for Gear Pump Market, North America
Revenue Forecast by Industry Vertical for Gear Pump Market, North America
Revenue Forecast Analysis, Gear Pump Market, North America
Key Growth Metrics for Gear Pump Market, MEA
Revenue Forecast for Gear Pump Market, MEA
Revenue Forecast by Industry Vertical for Gear Pump Market, MEA
Revenue Forecast Analysis for Gear Pump Market, MEA
Key Growth Metrics for Gear Pump Market, LATAM
Revenue Forecast for Gear Pump Market, LATAM
Revenue Forecast by Industry Vertical for Gear Pump Market, LATAM
Revenue Forecast Analysis for Gear Pump Market, LATAM
Key Growth Metrics for Gear Pump Market, Europe
Revenue Forecast for Gear Pump Market, Europe
Revenue Forecast by Industry Vertical for Gear Pump Market, Europe
Revenue Forecast Analysis for Gear Pump Market, Europe
Key Growth Metrics for Gear Pump Market, APAC
Revenue Forecast for Gear Pump Market, APAC
Revenue Forecast for Gear Pump Market, APAC
Revenue Forecast Analysis for Gear Pump Market, APAC
Growth Opportunity 1—Vibration Monitoring for a Low-cost Gear Pump Monitoring Solution, 2020
Growth Opportunity 1—Vibration Monitoring for a Low-cost Gear Pump Monitoring Solution, 2020 (continued)
Growth Opportunity 2—Energy-efficient Pump for Process Industry, 2020
Growth Opportunity 2—Energy-efficient Pump for Process Industry, 2020 (continued)
Growth Opportunity 3—Pump-as-a-service Business Model to Unlock New Revenue Streams, 2020
Growth Opportunity 3—Pump-as-a-service Business Model to Unlock New Revenue Streams, 2020 (continued)
Growth Opportunity 4—Growing Demand for Pumps in the F&B, W&WW, and Pharmaceutical Industries, 2020
Growth Opportunity 4—Growing Demand for Pumps in the F&B, W&WW, and Pharmaceutical Industries, 2020 (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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| No Index | No |
|---|---|
| Podcast | No |
| Author | Jinith Jayesh |
| Industries | Industrial Automation |
| WIP Number | K5D3-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9406-A5,9593,9420 |