North American Positive Displacement Pumps Market, Forecast to 2026
The objective of this research service is to identify, analyze, and evaluate current and future trends that impact the North American positive displacement (PD) pumps market. Market dynamics continue to remain cyclical with the prevalence of volatile economic conditions and process industries such as oil and gas and chemicals continuing to invest in shale reserves. This study offers in-depth insight on the drivers and the restraints that will influence manufacturers’ revenue over the next 7 years. It also assesses various product, technology, and regional trends that will impact growth. End-user markets and competitive assessment are also discussed, along with key participants and their performance and market share analysis for 2019.
In addition, the study identifies five major growth opportunities that will play a critical role in the market and impact future growth. A specific methodology was followed, which included discussions with the senior management of PD companies, followed and supported by secondary research.
Some of the key trends analyzed in the study include Industrial Internet of Things (IIoT) and the digital transformation, energy efficiency, impact of oil prices, and the US trade war. IIoT is one of the key trends affecting manufacturers as end users continue to emphasize the improvement of plant maintenance as well as reduced operational expenditure (OPEX). As companies realize that the future of manufacturing will be driven by IIoT, they will begin to look at data ownership, security, integration with existing infrastructure, and ROI.
In-depth analysis of product segments, namely, diaphragm, gear, lobe, piston, screw, vane, peristaltic, and progressive cavity pumps
Regional perspective of demand patterns in the United States and Canada
Detailed analysis of end-user markets, including oil and gas, chemical process, water and wastewater, power generation, pharmaceuticals, and food and beverage
Examination of new product capabilities such as energy efficiency, pump monitoring solutions, and smart pumps
Key Issues Addressed
What is the current size of the NA PD pumps market? Is it expected to grow between 2020 and 2026?
What are the key drivers and restraints that will impact market growth prospects over the next 7 years?
What are the primary growth opportunities that market participants can leverage to unleash new revenue streams?
Which industries are expected to boost pump demand and which pump type will witness the highest growth?
What is the competitive landscape like? Who are the key participants?
Are manufacturers likely to move to new business models? Are they likely to benefit from them?
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