Pump & Compressor Manufacturing
Description
Companies in this industry manufacture pumps, pumping equipment, and air and gas compressors. Major companies include Enovis, Flowserve, IDEX, ITT, and Xylem (all based in the US), as well as Atlas Copco (Sweden), Ebara (Japan), Grundfos (Denmark), Huayi Compressor (China), Ingersoll Rand (Ireland), KSB (Germany), and Weir Group (Scotland).
The global market for fluid handling system market is expected to reach about $108.3 billion by 2032 at a compound annual growth rate of 4.5%, according to World Pharma Today. The worldwide market for air compressors is forecast to reach nearly $40.15 billion by 2033, according to Grand View Research.
The US pump and compressor manufacturing industry includes 900 companies with combined annual revenue of about $30 billion. Manufacturers of fluid power pumps, motors, actuators, and cylinders -- devices powered by hydraulics or pneumatics -- are not included in this industry.
COMPETITIVE LANDSCAPE
Demand depends primarily on the level of manufacturing and construction activity. Construction and maintenance in the chemical, petroleum, utilities, and water management industries is especially important. Large companies have economies of scale in purchasing and production. Smaller producers compete by focusing on specialized product offerings and superior customer service. The US industry is concentrated: the top 50 companies account for about 75% of industry revenue.
Pump and compressor imports, primarily from China, Mexico, Germany, Japan, and Canada, account for about 40% of the US market. China accounts for about one-quarter of all US imports. The top markets for US exports are Canada, Mexico, and China, and account for 40% of US production.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include industrial pumps which account for about 30% of the total industry revenue, followed by air and gas compressors at about 20%. Other products include domestic water systems (about 10%). Pump and pump equipment categories include centrifugal pumps, oil field pumps, general-purpose industrial pumps, and sump pumps. Broad compressor product categories include general-purpose air compressors, paint sprayers, manual pump sprayers, and pressure washers. Measuring and dispensing pumps are primarily used for pumping gasoline, oil, and other lubricants.
Centrifugal pumps are used in a wide range of energy, utility, and industrial applications to move fluids from one place to another. Major process industry applications include oil refineries and power plants, water supply and wastewater management, chemical and pharmaceutical plants, and food and beverage production.
A number of different compressor types compress air or other gases using various technologies, but the most common are reciprocating/piston compressors, rotary screw, rotary sliding vane, and centrifugal compressors. Rotary screw compressors are the type most commonly used in a factory setting. Compressors are further differentiated by horsepower, drive method (motor, engine, steam), cooling method (air, water, oil), and lubrication (oil or oil-free).
Air and gas compressors are widely used throughout the manufacturing sector to power industrial machinery. Common machinery applications include controls and actuators, tool powering, conveying, stamping, clamping, forming, and injection molding. Compressors are also key components in the manufacture of HVAC and refrigeration equipment.
Raw materials used in pump and compressor manufacturing include ferrous and nonferrous metals, primarily steel, copper, and aluminum. Purchased components can include bearings, gaskets and seals, machined metal castings, forgings, and motors. Some pump companies may have their own forging operations for the manufacture of pump housings; others purchase pump housings from suppliers.
The global market for fluid handling system market is expected to reach about $108.3 billion by 2032 at a compound annual growth rate of 4.5%, according to World Pharma Today. The worldwide market for air compressors is forecast to reach nearly $40.15 billion by 2033, according to Grand View Research.
The US pump and compressor manufacturing industry includes 900 companies with combined annual revenue of about $30 billion. Manufacturers of fluid power pumps, motors, actuators, and cylinders -- devices powered by hydraulics or pneumatics -- are not included in this industry.
COMPETITIVE LANDSCAPE
Demand depends primarily on the level of manufacturing and construction activity. Construction and maintenance in the chemical, petroleum, utilities, and water management industries is especially important. Large companies have economies of scale in purchasing and production. Smaller producers compete by focusing on specialized product offerings and superior customer service. The US industry is concentrated: the top 50 companies account for about 75% of industry revenue.
Pump and compressor imports, primarily from China, Mexico, Germany, Japan, and Canada, account for about 40% of the US market. China accounts for about one-quarter of all US imports. The top markets for US exports are Canada, Mexico, and China, and account for 40% of US production.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include industrial pumps which account for about 30% of the total industry revenue, followed by air and gas compressors at about 20%. Other products include domestic water systems (about 10%). Pump and pump equipment categories include centrifugal pumps, oil field pumps, general-purpose industrial pumps, and sump pumps. Broad compressor product categories include general-purpose air compressors, paint sprayers, manual pump sprayers, and pressure washers. Measuring and dispensing pumps are primarily used for pumping gasoline, oil, and other lubricants.
Centrifugal pumps are used in a wide range of energy, utility, and industrial applications to move fluids from one place to another. Major process industry applications include oil refineries and power plants, water supply and wastewater management, chemical and pharmaceutical plants, and food and beverage production.
A number of different compressor types compress air or other gases using various technologies, but the most common are reciprocating/piston compressors, rotary screw, rotary sliding vane, and centrifugal compressors. Rotary screw compressors are the type most commonly used in a factory setting. Compressors are further differentiated by horsepower, drive method (motor, engine, steam), cooling method (air, water, oil), and lubrication (oil or oil-free).
Air and gas compressors are widely used throughout the manufacturing sector to power industrial machinery. Common machinery applications include controls and actuators, tool powering, conveying, stamping, clamping, forming, and injection molding. Compressors are also key components in the manufacture of HVAC and refrigeration equipment.
Raw materials used in pump and compressor manufacturing include ferrous and nonferrous metals, primarily steel, copper, and aluminum. Purchased components can include bearings, gaskets and seals, machined metal castings, forgings, and motors. Some pump companies may have their own forging operations for the manufacture of pump housings; others purchase pump housings from suppliers.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
Pricing
Currency Rates
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