North American Pump Services Market, Forecast to 2023

North American Pump Services Market, Forecast to 2023

Industry 4.0, IIoT, and Smart Services are Disrupting the $3.47 Billion Market

RELEASE DATE
26-Sep-2018
REGION
North America
Research Code: K244-01-00-00-00
SKU: IA01484-NA-MR_22338

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Description

This research study analyzes the North American pump services market across various industries. With increasing oil prices, the demand for pump services is expected to grow. Analysis is provided by type of pump service (MRO, installation and commissioning, decommissioning, and value-added services). Besides, the study sheds light on the key factors that drive this market, along with their impacts, through the forecast period. A comprehensive market share analysis for various types of service providers is also provided.

Research Scope

The research study brings out the latest trends in terms of industry, economy, and technology across several end-user industries for pump services. It covers the opportunities for pump service providers and analyzes how the changing landscape and evolving end-user requirements are driving the need for pumps that are smarter and succinctly address every challenge and issue that customers face.  Digital transformation caused by the convergence of industry forces is driving unprecedented change. Data is the new currency, and there is demand from end users to generate and mine the data to convert it into actionable insights. This will transform the market, which is poised to record strong growth in the next few years. This study also analyzes the evolution of maintenance from an in-house-based to a predictive-analytics-based service. It also brings to light how, as technology adoption increases, the service channels will experience unbundling and how it will impact the service providers as their traditional revenue stream comes under threat.

Base Year: 2017

Forecast Period: 2018–2023

Study Period: 2016–2023

Monetary Unit: US Dollars

Geographic Coverage: North America: US and Canada

End-user Coverage:  Oil and gas, water and wastewater, chemical process, power generation, food and beverage, pharmaceuticals, and others. Others include pulp and paper, marine, textile, iron and steel, automotive, agriculture, mining, construction, etc.


Key Issues Addressed

  • The core questions that every pump supplier has to deal with at the beginning of every fiscal year are:
  • How is the market expected to grow between 2017 and 2022?
  • What are the key drivers and restraints impacting the North American pump services market?
  • What are the key business trends that are poised to disrupt the NA pumps business?
  • Which pump types are considered as most opportune for growth by chemical companies and at what rates are they expected to grow?
  • What are the major segments in the pumps market that vastly adopt new technologies? Which industries offer maximum growth opportunities during the forecast period?
  • How has the competitive landscape changed? What is the relative position of competitors in the North American pumps market?

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

Executive Summary

Executive Summary (continued)

Research Scope

Key Questions This Study Will Answer

Pumps Market Overview

Pump Services Market Overview

Pump Services Market Overview (continued)

Pump Services Market—Percent Revenue Forecast by Service Type

Pump Services Market—Revenue Forecast by Service Types

Pump Services Market—Growth Opportunity Analysis by Service Types

Pump Services Market—End-user Segmentation

Key Factors Affecting the Pump Services Market

Key Industry 4.0 Technologies Transforming the Pump Services Market

Impact of Industry 4.0 Technology on Pump Services Market

Impact of Big Data and Analytics—Prescriptive Analytics

Impact of IIoT—Real-Time Monitoring Driving Smart Maintenance

Impact of 3D Printing—Smart Parts Management

Impact of Cloud and AR—Smart Monitoring

Competitive Landscape

Competitive Analysis—Pump Manufacturers

Competitive Analysis—Pure Play Service Providers

Competitive Analysis—Pure Play Service Providers (continued)

Competitive Analysis—Local Service Providers and Distributors

Competitive Analysis—Local Service Providers and Distributors (continued)

Competitive Analysis—Local Service Providers and Distributors (continued)

Competitive Analysis—Local Service Providers and Distributors (continued)

Competitive Analysis—Local Service Providers and Distributors (continued)

Evolution of Pump Maintenance

Unbundling of Pump Services Value Chain

Growth Opportunity 1—Energy Efficiency at the Forefront

Growth Opportunity 2—Industrial Internet of Things (IIoT)

Growth Opportunity 3—Changing Market Dynamics

Growth Opportunity 3—Market Positioning

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
This research study analyzes the North American pump services market across various industries. With increasing oil prices, the demand for pump services is expected to grow. Analysis is provided by type of pump service (MRO, installation and commissioning, decommissioning, and value-added services). Besides, the study sheds light on the key factors that drive this market, along with their impacts, through the forecast period. A comprehensive market share analysis for various types of service providers is also provided.--BEGIN PROMO--

Research Scope

The research study brings out the latest trends in terms of industry, economy, and technology across several end-user industries for pump services. It covers the opportunities for pump service providers and analyzes how the changing landscape and evolving end-user requirements are driving the need for pumps that are smarter and succinctly address every challenge and issue that customers face.  Digital transformation caused by the convergence of industry forces is driving unprecedented change. Data is the new currency, and there is demand from end users to generate and mine the data to convert it into actionable insights. This will transform the market, which is poised to record strong growth in the next few years. This study also analyzes the evolution of maintenance from an in-house-based to a predictive-analytics-based service. It also brings to light how, as technology adoption increases, the service channels will experience unbundling and how it will impact the service providers as their traditional revenue stream comes under threat.

Base Year: 2017

Forecast Period: 2018–2023

Study Period: 2016–2023

Monetary Unit: US Dollars

Geographic Coverage: North America: US and Canada

End-user Coverage:  Oil and gas, water and wastewater, chemical process, power generation, food and beverage, pharmaceuticals, and others. Others inclu

More Information
No Index No
Podcast No
Author Anand Gnanamoorthy
Industries Industrial Automation
WIP Number K244-01-00-00-00
Is Prebook No
GPS Codes 9415-X1,9420,9593,99EA-A5