Search Market Research Report
Industrial Pump Market Size, Share Global Analysis Report, 2020–2026
Industrial Pump Market By Product (Centrifugal Pumps, Positive Displacement Pumps, and Others) and By Application (Oil & Gas, Chemicals, Construction, Power, Water & Wastewater Treatment, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
The industrial pump market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire industrial pump market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the industrial pump industry. The report analyzes and declares the historical and current trends analysis of the industrial pump industry and subsequently recommends the projected trends anticipated to be observed in the industrial pump market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the industrial pump market is set to grow annually at a rate of around 5.9%
- It was established through primary research that the industrial pump market was valued at around USD 62.8 billion in 2019
- The Asia Pacific held the largest market share of the industrial pump market in terms of revenue in 2019
- The “Water & Wastewater Treatment” category, on the basis of product segmentation, was the leading revenue-generating category in 2019
- The “Centrifugal Pumps” category, on the basis of application segmentation, was the leading revenue-generating in 2019
Key Recommendations from Analysts
- As per our analysts, increasing infrastructure development expenditure in several regions is expected to influence market growth positively during the forecast period
- Volatility in the prices is anticipated to be one of the major restraining factors in the market over the forecast period
- Surging investment in strategic activities such as mergers and acquisitions by the market leaders to advance low-cost manufacturing processes is anticipated to bolster the demand for industrial pumping systems
- Demand for centrifugal industrial pumps is expected to increase on account of the boom of hydraulic fracturing in the oil and gas industry in developed nations, including the U.S. and Canada
- Increasing global crude oil demand to facilitate overseas logistics, production centers, and domestic transports is likely to enhance the offshore and onshore exploration activities
Industrial Pump Global Market Share – By Region
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the industrial pump industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the industrial pump industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the industrial pump market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the industrial pump industry. The industrial pump market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market positions in the industrial pump sector. Key strategic developments in the industrial pump market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the industrial pump market are appropriately highlighted in the report.
Due to the rising demand from the end-use industries, fluctuations in the component prices of industrial pumps are expected to influence capital expenditure in the upcoming years. Strengthening investment by industry leaders in strategic activities such as mergers and acquisitions to advance minimal-cost production processes is expected to raise demand for industrial pumping systems.
The industrial pump market research report delivers an acute valuation and taxonomy of the industrial pump industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the industrial pump industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the industrial pump industry is provided for the leading economies of the world.
The industrial pump market is segmented based on product and application. On the basis of product segmentation, the market is classified into centrifugal pumps, positive displacement pumps, and others. In terms of application segmentation, the market is bifurcated into oil & gas, chemicals, construction, power, water & wastewater treatment, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 62.8 billion |
Projected Market Size in 2026 |
USD 93.5 billion |
CAGR Growth Rate |
5.9% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Colfax Corporation, GRUNDFOS, ITT INC., Franklin Electric, Sulzer Ltd., Vaughan Company, HERMETIC-Pumpen GmbH, DESMI A/S, SPECK Pumpen Verkaufsgesellschaft GmbH, Klaus Union, CP Pumpen AG, AR North America, Global Pump, Haight Pumps, Iwaki America Inc., Roper Technologies, Inc., Flowserve Corporation, SPX FLOW, SEKO S.p.A, SUMMIT PUMP, Inc., KRACHT Corp., and Others. |
Key Segment |
By Type, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Competitive Players
Some of the essential players operating in the industrial pump market, but not restricted to include :
- Colfax Corporation
- GRUNDFOS
- ITT INC.
- Franklin Electric
- Sulzer Ltd.
- Vaughan Company
- HERMETIC-Pumpen GmbH
- DESMI A/S
- SPECK Pumpen Verkaufsgesellschaft GmbH
- Klaus Union
- CP Pumpen AG
- AR North America
- Global Pump
- Haight Pumps
- Iwaki America Inc.
- Roper TechnologiesInc.
- Flowserve Corporation
- SPX FLOW
- SEKO S.p.A
- SUMMIT PUMP Inc.
- KRACHT Corp.
The taxonomy of the industrial pump industry by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Centrifugal Pumps
- Positive Displacement Pumps
- Others
By Application Segmentation Analysis (Customizable)
- Oil & Gas
- Chemicals
- Construction
- Power
- Water & Wastewater Treatment
- Others
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Colfax Corporation
- GRUNDFOS
- ITT INC.
- Franklin Electric
- Sulzer Ltd.
- Vaughan Company
- HERMETIC-Pumpen GmbH
- DESMI A/S
- SPECK Pumpen Verkaufsgesellschaft GmbH
- Klaus Union
- CP Pumpen AG
- AR North America
- Global Pump
- Haight Pumps
- Iwaki America Inc.
- Roper TechnologiesInc.
- Flowserve Corporation
- SPX FLOW
- SEKO S.p.A
- SUMMIT PUMP Inc.
- KRACHT Corp.
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors