Industrial Pumps Market By Reports And Data
Industrial Pumps Market to
Reach USD 93,621.5 Million
By 2026
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Market
ISncreuasem in urmbaniazatirony and infrastructure developments coupled with high crude oil prices, growing energy
efficiency by using pumps, growing FDI in emerging countries, increase in the number of water & waste treatment
plants and technological advancements by market leaders are expected to positively impact market growth
Market Size – USD 59,207.1 Million in 2018, Market Growth - CAGR of 5.9%, Market Trends – Increase in
infrastructural developments.
The global Industrial Pumps market is forecast to reach USD 93,621.5 million by 2026, according to a new report by Reports and
Data. Industrial pumps find their application in various sectors and help in mainly transferring liquids from one location to
another.
Technological trends like the introduction of magnetic drive pumps, intelligent pump systems, and next-generation industrial
automation are boosting the growth of this market. Rapid infrastructural development is another driving factor. APAC countries
are witnessing rapid construction which in turn is boosting the market for industrial pumps. Demand for industrial pumps from
process and manufacturing industries is a significant driving factor. The rise in product energy pumps for the transportation and
extraction of oil and natural gas is having a positive effect on the market. Increase in crude oil price is also boosting the demand
for the market as it fuels the energy sector’s revenue.
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Market
GSrouwinmg conmstrucationr, ayutomotive and manufacturing industries are expected to raise the demand
for industrial pumps in Asia Pacific regions. The Indian government has passed a policy for the
promotion of FDI investment in the oil and gas sector. This will increase the production of
petrochemicals and polymers in the country, hence propelling the demand in this region. Increased
investment in desalination plants and waste water is also expected to increase the sale of industrial
pumps. Industrial Pumps are also in high demand from the power generation sector.
Further key findings from the report suggest-
• Centrifugal pumps holds a major share of the Pump Type segment and are expected to maintain
this leading position in the Industrial Pump industry during the forecast period
• The construction sector is forecasted to have a high CAGR of 6.1% throughout the forecasted
period. The construction boom being seen in the APAC region is pushing the demand for
industrial pumps from this sector
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Market
Summary
Companies considered and profiled in this market study
Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan
Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes
Inc. (U.S.), and Clyde Union Inc. (Scotland) among others.
For the purpose of this report, Reports and Data have segmented global Industrial Pumps market on the basis of
Type, Capacity, End Users and Region:
Type Outlook (Revenue, USD Million; 2018-2026)
• Centrifugal Pumps
• Reciprocating Pumps
• Rotary Pumps
• Diaphragm Pumps
Capacity Outlook (Revenue, USD Million; 2018-2026)
• Small Capacity Pumps
• Medium Capacity Pumps
• High Capacity Pumps
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Market
Summary
End Users Outlook (Revenue, USD Million; 2018-2026)
• Construction
• Water and wastewater
• Chemicals
• Oil & Gas
• Power Generation
• Others
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)
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