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Strategic Outlook of the Global Pumps Market, 2020
Strategic Outlook of the Global Pumps Market, 2020
Covid-19, the Unforeseen Pandemic, Disrupting Manufacturing Activity with Signs of Economic Crisis; a Phase to Explore New Business Models for Pump Manufacturers
08-May-2020
Global
Description
This research service covers the global opportunities in 2020 for pump 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 (O&G; upstream, midstream, and downstream), power generation, chemicals, water and wastewater, construction, 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 2020:
• The outbreak of coronavirus in China starting from January 2020 has shaken the global economy, leading to temporary closure of manufacturing facilities and emergency lockdown. The alarming spread of the virus across 195 countries with Europe (Italy and Spain) and the US being the worst affected and having highest fatality rate raises concern on the virus containment. The whole of 2020 is likely to remain gloomy, affecting the investment sentiment until the vaccine development and decline in the number of infected individuals.
• 2020 began with signs of economic slowdown and the worst hit, with COVID-19, pandemic virus, hurting business sentiment and investor confidence. Price war between the oil rich nations peaked with Saudi Arabia’s announcement of oil price cut by $3 per barrel in March 2020. The oil prices crashed with WTI reaching the lowest ever in the last decade at $20.8 per barrel. Russia and Saudi Arabia’s disagreement with OPEC’s production cut and prevalence of COVID-19 are likely to result in oil price instability in 2020.
• Plant maintenance continues to be key area of focus for end users, with capital allocation toward asset services and aftermarket needs. Services that include programs enhancing pump reliability and minimizing the scope of unexpected failure will continue to gain traction in 2020 with settlement of economic conditions. Water and wastewater, chemicals, and O&G are expected to be the main adopters of pump monitoring solutions.
• Market consolidation through mergers and acquisitions is expected to be a pivotal factor to increase market share and presence of pump OEMs. Several large transactions have been observed in 2019; this includes Ingersoll Rand and Gardner Denver merger, Weir’s divestment of flow control division, acquisition of Sundyne by Warburg Pincus investment firm. Owing to market maturity and competition, innovative and strategic perspectives on collaboration and consolidation will be necessary to drive long-term growth of larger market participants in the high-growth markets.
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 includes North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The study period is 2019 to 2020. The study concludes with a competitive analysis of top pump participants and elaborates on their strengths and weaknesses in 2019.
Key Conclusions
- The year 2020 for the global pumps market is expected to decline with nearly flat market prospects for both new orders and aftermarket services. Asia-Pacific and North America with higher investment activity are likely to be affected where active and new projects are expected to come to standstill.
- Key end-user industries that include water and wastewater, O&G, and chemical that contributed to 2019 growth in pump revenue are all expected remain passive due to the prevalence of economic uncertainty in 2020.
- Pump manufacturers to remain on the quest to redefine their business models and focus on positioning themselves as pumps-as-a-service. This enables pump manufacturers to unlock revenue streams and hold competitive edge in the market.
Author: Kiravani Emani
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
Key Highlights of 2019—Overview of Pumps Market Landscape
Bold Predictions for 2020
Market Revenue—2019 and 2020
Revenue Forecast by Pump Type and Region
Revenue Forecast by End-user Industry
Research Scope
Definitions
Market Definitions
Market Segmentation
Global Economy in 2019—Top Trends
Covid-19 Global Economic Impact—Visioning Scenarios
Global, Advanced, and Emerging Markets Growth
Global Economic Outlook 2020—Top 5 Predictions
Global Economic Outlook 2020—Top 5 Predictions (continued)
2020 World GDP Growth Snapshot
Major Economies—Key Predictions for 2020
Covid-19—Global War Against Virus
Impact of Economic Crisis on Manufacturing Landscape
Overview of the 2020 Pumps Market Landscape
Market Revenue of Global Centrifugal Pumps
Market Revenue of Global PD Pumps
Market Growth Rate Forecast Scenarios
Forecast Scenario Discussion
Unconventional O&G Cost and Its Impact
Oil Demand and Supply Forecast
O&G Outlook
O&G Outlook—Capital Spending Trend
Global Pumps Market Revenue from O&G—2019 and 2020
Power Generation—Key Trends
Power Generation—Investment Trends
Power Generation Outlook—Power Generation Capacity
Global Pumps Market Revenue from Power Generation—2019 and 2020
Mining Industry Outlook—Market Trends 2020
Mining Industry Outlook—CAPEX in the Mining Industry
Mining Industry Outlook—Digital Transformation in the Mining Industry
Global Pumps Market Revenue from Mining—2019 and 2020
Chemicals Industry Outlook—Bulk and Specialty Chemicals Boom
Chemicals Industry Outlook—Market Trends 2020
Growth and Impact of China in the Long Term
Chemicals Industry Outlook—Market Consolidation
Global Pumps Market Revenue from Chemicals—2019 and 2020
WWW Industry Outlook—Challenges and Growth Opportunities
WWW Industry Outlook—Digital Transformation
WWW Industry Outlook—Investment in WWW
Global Pumps Market Revenue from WWW—2019 and 2020
F&B Outlook—Market Trends and Need for Digital Transformation
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—2019 and 2020
Construction Outlook—Smart Cities Around the World
Construction Outlook—Challenges
Global Pumps Market Revenue from Construction—2019 and 2020
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
Pump Services—Level of Engagement
Pump—Key Technology Trends to Watch
Role of Cognitive Analytics in the Pumps Market
5 Major Growth Opportunities
Growth Opportunity 1—Energy-efficient Pumps
Growth Opportunity 2—Pump Real-time Monitoring
Growth Opportunity 3—New Business Models
Growth Opportunity 4—Industrial Mobility
Growth Opportunity 5—Pump Analytics
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 2020 Outlook
The Last Word—Three Big Predictions for 2020
Legal Disclaimer
Abbreviations and Acronyms Used
End-user Investment Outlook, Global, 2020
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
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 includes North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. The study period is 2019 to 2020. The study concludes with a competitive analysis of top pump participants and elaborates on their strengths and weaknesses in 2019.
Key Conclusions
- The year 2020 for the global pumps market is expected to decline with nearly flat market prospects for both new orders and aftermarket services. Asia-Pacific and North America with higher investment activity are likely to be affected where active and new projects are expected to come to standstill.
- Key end-user industries that include water and wastewater, O&G, and chemical that contributed to 2019 growth in pump revenue are all expected remain passive due to the prevalence of economic uncertainty in 2020.
- Pump manufacturers to remain on the quest to redefine their business models and focus on positioning themselves as pum
| No Index | No |
|---|---|
| Podcast | No |
| Author | Kiravani Emani |
| Industries | Industrial Automation |
| WIP Number | K4B1-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9593,9420 |
