Strategic Outlook of the Global Pumps Market, 2019

Strategic Outlook of the Global Pumps Market, 2019

Revival of Oil and Gas, Coupled With Investment in Chemical and Water and Wastewater Industry Will Drive Growth and Focus on Energy Efficiency and Productivity for 2019

RELEASE DATE
14-Aug-2019
REGION
North America
Research Code: K293-01-00-00-00
SKU: IA01538-GL-MO_23363

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Description

This research service covers the global opportunities in 2019 for pumps companies in the top 3 end-user industry segments (water and wastewater, food and beverages, and construction). It offers regional analysis of how economic factors will impact the market. Opportunities in all end-user industry applications for pump manufacturers are highlighted, including oil and gas (upstream, midstream, and downstream), power generation, chemicals and petrochemicals, water and wastewater, construction/cement, food and beverages, metals and mining, and pharmaceuticals. Global economic changes and the impact on end-user industry trends and aftermarket services are detailed as well.

Top Predictions for 2019:
• Brent crude oil prices are expected to dip from an estimated $71.1/barrel in 2018 to $65.15/barrel in 2019. Oil supply and demand are expected
to be largely balanced in 2019. Demand growth is expected to weaken in 2019, with OPEC and its allies expected to pursue production cuts in
2019 to mitigate the risk of oversupply.

• End users are redefining their maintenance strategy and prefer to move toward pump solutions that can be continuously monitored and predict
their failure. Service is becoming a critical factor for large institutional end users because without regular maintenance, they risk downtime. A
significant decline in productivity and profitability and high energy consumption can occur because of the downtime. Continuous process
industries, such as oil and gas, chemicals, and power industry cannot afford downtime.

• Market consolidation through mergers and acquisitions has been driving the growth and increasing the market share of major pump
manufacturers. Hectic global competition is driving the global pump market to consolidation, with a string of mergers and acquisitions in 2018.
Compelling, fresh, and strategic perspectives on collaboration and consolidation will be necessary to drive long-term growth of larger market
participants in the high-growth markets.

• Need for energy-efficient pumps is the key driver for the pumps market, as European countries are focusing on reducing building energy
consumption. Increasing emphasis is being placed on reducing energy consumption. To achieve the ambitious target of building a circular
economy, product manufacturers across industries, including pumps, need to develop solutions that consume lesser energy.


Research Highlights

The study outlines the latest trends in terms of industry, economy, and technology across the top 3 industry segments for centrifugal and Positive Displacement (PD) pumps across the globe. Geographic segmentation is divided by North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The study period is 2018–2019. The study concludes with a competitive analysis of top pump participants and elaborates on their strengths and weaknesses in 2018.

Key Conclusions

  • The growth of the global pumps industry in 2019 is expected to be driven by Asia-Pacific and North America.
  • Key end-user industries presenting growth opportunities for pump manufacturers in 2019 include oil and gas, chemical, and water and wastewater.
  • Innovation and investment in R&D will remain the key focus for global pump manufacturers in 2019.
  • Growing demand for energy-efficient pumps, reinstated by newly implemented government mandates and regulations, will result in more and more companies developing advanced design pumps with more electronic features that would enable better system integration and system efficiency. New business models are emerging to unleash new revenue streams by embracing IIoT and gradual interest toward pumps-as-a-service. As economies recover and export markets get restored in the fiscal year 2019, the growth rate for pumps in key developed regions is expected to gradually increase in terms of revenue and unit shipment size.

Author: Avinash Kumar

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Highlights of 2018—Overview of the 2018 Pumps Market Landscape

Bold Predictions for 2019

Market Revenue—2018 and 2019

Revenue Forecast by Pump Type and Region

Revenue Forecast by Pump Type and End-user Industry

Research Scope

Definitions

Market Definitions

Market Segmentation

Global Economic Outlook and Growth Implications

World’s 20 Fastest Growing Economies in 2018 and 2019

Top 2018 Global Economic Trends

Top 2019 Global Economic Predictions

Top Global Economic Predictions for 2019

Top 2019 Predictions—Advanced Economies

Top 2019 Predictions—Emerging Economies

Overview of the 2019 Pumps Industry Landscape

Market Revenue of Global Centrifugal Pumps

Market Revenue of Global PD Pumps

Unconventional Oil and Gas Cost and its Impact

Oil Demand and Supply Forecast

Oil and Gas Outlook—Global, 2018

Oil and Gas Outlook—Capital Spending Trend

Global Pumps Market Revenue From Oil and Gas—2018 and 2019

Global Power Generation Market—Investment Trends

Power Generation—Key Trends

Power Generation Outlook—Power Generation Capacity

Power Generation Outlook—Investment in Power Generation

Global Pumps Market Revenue From Power Generation—2018 and 2019

Mining Industry Outlook—Increasing the Digital Footprint in Mining

Mining Industry Outlook—Digital Transformation in the Mining Industry

Mining Industry Outlook—CAPEX in the Mining Industry

Global Pumps Market Revenue From Mining—2018 and 2019

Chemicals Industry Outlook—Bulk and Specialty Chemicals Boom

Growth and Impact of China in the Long Term

Chemicals Industry Outlook—Market Consolidation

Global Pumps Market Revenue From Chemicals—2018 and 2019

Water Industry Outlook—Challenges and Growth Opportunities

Water Industry Outlook—Digital Transformation

Water Industry Outlook—Investment in Water and Wastewater

Global Pumps Market Revenue From WWW—2018 and 2019

F&B Outlook—Growth Opportunities Due to Digitalization

F&B Outlook—Disruptive Innovations in the Food Industry

F&B Outlook—Adoption of IIoT and Key Trends

Global Pumps Market Revenue From F&B—2018 and 2019

Construction Outlook—Smart Cities Around the World

Construction Outlook—Big Data Analytics in the Construction Industry

Commercial Pumps Outlook—North America

Commercial Pumps Outlook—Europe

Global Pumps Market Revenue From Construction—2018 and 2019

Market Share of Top 10 Participants—Global Pumps Market

Competitive Landscape of Manufacturers—Total Pumps Market

Top Trends for 2019 and Beyond and Their Potential Implications on Technology Innovation

Adoption and Penetration of Technologies

Key Technology Trends—2019

Cognitive Analytics and Next-gen Prognostics for the Industrial Internet

5 Major Growth Opportunities

Growth Opportunity 1—Energy-efficient Pump Solutions

Growth Opportunity 2—Smart Pumps

Growth Opportunity 3—Value-added Services

Growth Opportunity 4—Market Positioning

Strategic Imperatives for Success and Growth

Impact of Industry Mega Trends on the Global Pumps Market

Mega Trend Impact on the Global Pumps Market

Mega Trends Explained

Mega Trends Explained (continued)

Key Conclusions and 2019 Outlook

The Last Word—Three Big Predictions for 2019

Legal Disclaimer

Abbreviations and Acronyms Used

End-user Investment Outlook, Global, 2019

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
This research service covers the global opportunities in 2019 for pumps companies in the top 3 end-user industry segments (water and wastewater, food and beverages, and construction). It offers regional analysis of how economic factors will impact the market. Opportunities in all end-user industry applications for pump manufacturers are highlighted, including oil and gas (upstream, midstream, and downstream), power generation, chemicals and petrochemicals, water and wastewater, construction/cement, food and beverages, metals and mining, and pharmaceuticals. Global economic changes and the impact on end-user industry trends and aftermarket services are detailed as well. Top Predictions for 2019: • Brent crude oil prices are expected to dip from an estimated $71.1/barrel in 2018 to $65.15/barrel in 2019. Oil supply and demand are expected to be largely balanced in 2019. Demand growth is expected to weaken in 2019, with OPEC and its allies expected to pursue production cuts in 2019 to mitigate the risk of oversupply. • End users are redefining their maintenance strategy and prefer to move toward pump solutions that can be continuously monitored and predict their failure. Service is becoming a critical factor for large institutional end users because without regular maintenance, they risk downtime. A significant decline in productivity and profitability and high energy consumption can occur because of the downtime. Continuous process industries, such as oil and gas, chemicals, and power industry cannot afford downtime. • Market consolidation through mergers and acquisitions has been driving the growth and increasing the market share of major pump manufacturers. Hectic global competition is driving the global pump market to consolidation, with a string of mergers and acquisitions in 2018. Compelling, fresh, and strategic perspectives on collaboration and consolidation will be necessary to drive long-term growth of larger market participants in the high-growth markets. • Need for energy-efficient pumps is the key driver for the pumps market, as European countries are focusing on reducing building energy consumption. Increasing emphasis is being placed on reducing energy consumption. To achieve the ambitious target of building a circular economy, product manufacturers across industries, including pumps, need to develop solutions that consume lesser energy.--BEGIN PROMO--

Research Highlights

The study outlines the latest trends in terms of industry, economy, and technology across the top 3 industry segments for centrifugal and Positive Displacement (PD) pumps across the globe. Geographic segmentation is divided by North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The study period is 2018–2019. The study concludes with a competitive analysis of top pump participants and elaborates on their strengths and weaknesses in 2018.

Key Conclusions

  • The growth of the global pumps industry in 2019 is expected to be driven by Asia-Pacific and North America.
  • Key end-user industries presenting growth opportunities for pump manufacturers in 2019 include oil and gas, chemical, and water and wastewater.
  • Innovation and investment in R&D will remain the key focus for global pump manufacturers in 2019.
  • Growing demand for energy-efficient pumps, reinstated by newly implemented government mandates and regulations, will result in more and more companies developing advanced design pumps with more electronic features that would enable better system integration and system efficiency. New business models are emerging to unleash new revenue streams by embracing IIoT and gradual interest toward pumps-as-a-service. As economies recover and export markets get restored in the fiscal year 2019, the growth rate for pumps in key developed regions is expected to gradual
More Information
No Index No
Podcast No
Author Avinash Kumar
Industries Industrial Automation
WIP Number K293-01-00-00-00
Is Prebook No
GPS Codes 99EA-A5,9593,9420