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Industrial Pumps Market in Russia, Forecast to 2023
Industrial Pumps Market in Russia, Forecast to 2023
Need for Refurbishment of Old Process Plants, Diminishing Sanctions and Revival of the Oil & Gas Industry are likely to Drive Growth
31-Jan-2020
Europe
Description
This Market Engineering Research report covers the industrial pumps market in Russia. This report provides market size and forecasts, highlights key trends, presents a breakdown by segments, and provides a competitive and end-user industry analysis, as well as makes predictions for the future. Key market drivers and restraining factors have been discussed in detail. Macro and micro-economic indicators for Russia, CIS and CEE countries have been provided to support the market trends. This report aims to analyze both the qualitative and quantitative aspects of the market. Market sizing and forecast for prominent end-user industries has been included for in-depth understanding. Manufacturers discussed in this report include those that produce centrifugal and positive displacement pumps.
From 2014 to 2016, the Russian economy was under a monetary crisis mainly due to factors such as the decline in crude oil prices and the country’s role in its conflict with Ukraine. The present economic situation is fragile as recovery remains weak due to poor business and investment climate. Large-scale sanctions by countries on Russia as a counter to its annexation of Crimea and its support for separatists in the eastern Ukraine Donbas region, and the counter-sanctions imposed by Russia have further weakened growth prospects.
Over 40% of the water supply network in Russia is in urgent need of refurbishment and modernization. This factor is expected to contribute to the growth of industrial pumps and services. Rosneft’s modernization of oil refining capacities is estimated to cost more than RUB1.40 trillion and includes more than 50 projects for the construction and reconstruction of major process plants and facilities. Russian companies are undertaking the modernization program for refineries in order to improve the quality of products and increase competitiveness. The water tariff policy in Russia is under the control of government departments; taking into account the economic features of a city, town or village, the refurbishment or new construction of treatment plants and networks can either be partially or fully subsidized from public funds.
Russia’s mining industry represented 3% to 5% of the country’s GDP in 2018. The country has huge reserves of minerals as it has the biggest geographical area in the world. It figures among the global top 3 countries with the largest reserves of diamond, gold, platinum, palladium, coal and iron ore. Russia is steadily moving ahead with its plans for an extended role in nuclear energy, including the development of a new nuclear reactor technology. Rosenergoatom is the only Russian utility operating nuclear power plants. In May 2015, the Ministry of Economic Development in Russia announced a delay in commissioning of new nuclear power plants due to ‘a current energy surplus’.
RESEARCH: INFOGRAPHIC
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Table of Contents
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Research Scope
Industry Segmentation
Market Definitions
Market Definitions (continued)
Key Questions this Study will Answer
Percent Revenue by Industry
Market Distribution Channels
Change in GDP of Russia Compared to CIS and CEE Countries
State of Industrial Production in Russia
Oil Production and Demand in Russia
Oil & Gas Outlook—CAPEX Spending Trend in Russia
Location of Key Industry Clusters in Russia
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)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Breakdown by Industry
Revenue Forecast Comparison by Industry
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Industry
Revenue Forecast by Industry
Market Share—Oil & Gas Industry
Market Share Analysis—Oil & Gas Industry
Market Share Analysis—Oil & Gas Industry (continued)
Market Share Analysis—Oil & Gas Industry (continued)
Market Share—Water and Wastewater Industry
Market Share Analysis—Water and Wastewater Industry
Market Share Analysis—Water and Wastewater Industry (continued)
Market Share—Power Generation Industry
Market Share Analysis—Power Generation Industry
Market Share Analysis—Power Generation Industry (continued)
Market Share—Mining Industry
Market Share Analysis—Mining Industry
Market Share Analysis—Mining Industry (continued)
Market Share—Chemical Process Industry
Market Share Analysis—Chemical Process Industry
Market Share Analysis—Chemical Process Industry (continued)
Competitive Environment
3 Major Growth Opportunities
Growth Opportunity 1—Energy-efficient Pump Solutions
Growth Opportunity 2—Value-added Services
Growth Opportunity 3—Market Positioning
Strategic Imperatives for Success and Growth
Market Engineering Measurements
Revenue Forecast
Percent Revenue by Application
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Market Engineering Measurements
Revenue Forecast
Percent Revenue by Application
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Market Engineering Measurements
Revenue Forecast
Percent Revenue by Application
Revenue Forecast Discussion
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
The Last Word—Three Big Predictions
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Market Engineering Methodology
Partial List of Companies Interviewed
Partial List of Companies Interviewed
List of Abbreviations
Popular Topics
Top 10 Growth Opportunities for 2023
heavy commercial vehicles market
| No Index | No |
|---|---|
| Podcast | No |
| Author | Ashwin Annareddy |
| Industries | Industrial Automation |
| WIP Number | ME94-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9593,9420 |
