Global Pumps Market Snapshot to 2027 – Growing Number of Modular Building Projects Presents Opportunities – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Pumps Market – Global Outlook and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The demand for pumps is expected to increase in developing countries as investments in water supply increase. Water and sanitation infrastructure is also expected to expand in APAC, the Middle East and Africa, and Latin America. Accordingly, additional investments in the water and wastewater sectors will open up opportunities in the global pump market.

An increase in capital expenditure in developing countries should enable suppliers to invest more in factory expansion and manufacturing upgrades. Increased growth in mining activities and production of mined materials in China, India and other developing countries is expected to boost production.

Sales in the APAC region are expected to depend on capital spending by industries and construction projects. The strong aftermarket demand in the global mining market provides immense opportunities for the centrifugal pump market.

Key Winning Strategies in the Global Pumps Market

  • Access to water supply and sanitation in the water and wastewater industry is improving in developing countries. Also, old water facilities are being replaced and upgraded in developed countries, which increases the demand for water management facilities.

  • Centrifugal pumps are expected to be widely used due to their varied pressure and load capabilities, including the ability to handle high solids liquids and relatively low maintenance costs.

  • Growing production in the chemical industry is expected to increase the demand for aftermarket products (parts and spares)

  • The demand for pumps from the oil and gas industry benefits oil and gas production worldwide. However, this will be offset by a dramatic drop in oil prices in the near term.

Answers to key questions

1. What is the current market size of the Global Pumps Market?

2. How is the global pump market growing?

3. What are the factors driving the growth of the pumps market?

4. What is the growth rate of the centrifugal pumps market?

Market dynamics

Opportunities and trends

  • Application for Water and Wastewater Treatment Plants

  • Increase in infrastructure projects in developing economies

  • Increase in the number of modular construction projects

  • Demand for Energy Efficient Pumps

  • Advent of intelligent and intelligent pumps

Growth catalysts

  • High demand for replacement

  • Demand for efficient and advanced pump technology

  • Launch of wastewater treatment systems in the Middle East

Constraints

  • Volatility of oil and gas prices

  • Commodity Price Fluctuations

  • Competitive and fragmented market environment

Market segmentation

Segmentation by product

  • Centrifugal

  • In one step

  • Multi-stage

  • Submersible

  • Turbine

  • Others

  • Reciprocal

  • Piston

  • Diaphragm

  • Rotary

  • Equipment

  • Lobe

  • Peristaltic

  • Weathercock

  • Others

Segmentation by end user

  • Industrial

  • petroleum gas

  • Water and wastewater

  • food and drinks

  • Chemical

  • Power

  • Mining

  • Pharmaceutical

  • Others

  • Agricultural

  • Commercial

  • Residential

Segmentation by geography

  • APAC

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • North America

  • WE

  • Canada

  • Middle East and Africa

  • Saudi Arabia

  • United Arab Emirates

  • Turkey

  • Latin America

  • Brazil

  • Mexico

Business & Strategies

The global pumps market is highly competitive and the key competitive factor is “product line differentiators”. Suppliers actively invest in R&D to develop core technology to establish competitiveness by improving the core technology of products in the industry.

Additionally, vendors differentiate themselves by improving product development, focusing on aftermarket activities, and reducing costs through greater operational efficiency. In the secondary market portion, competition is primarily against large, well-established national and global competitors and, in some markets, against regional and local companies.

Important Suppliers

  • Alfa Laval

  • WILO

  • Xylem

  • The Weir Group

  • Torishima

  • Sulzer

  • SPX FLOW

  • CSK

  • Kirloskars Brothers

  • Franklin Electric

  • Flowserve

  • DESMI

  • CIRCOR

  • hugue baker

  • nikkiso

Other Important Suppliers

  • Arian Pumps

  • AR North America

  • Bosch Rexroth

  • CP Pumpen AG

  • Dover

  • Massaf

  • Norm Hydrophore Pump

  • Sempa

  • Sumak pump

  • Vesta-pump

  • Vansan

  • Samsun Makina Sanayi

  • Sahinler submersible pump

  • PUMP PORT

  • Jetox pumps

  • Ebara

  • Grundfos

  • Global Pump

  • Haight Pumps

  • HERMETIC-Pump

  • Iwaki America

  • Klaus Union

  • Crash

  • Leitritz Group

  • Naniwa Pump

  • netzsch

  • Pentair

  • Roper Pumps

  • Ruhr pumps

  • SEKO

For more information on this report visit https://www.researchandmarkets.com/r/d7ybzv

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