Pump & Compressor Manufacturing in the US
The Pump and Compressor Manufacturing industry produces both industrial and domestic goods. Negative trends related to commodity and industrial markets are expected to cause revenue to decline over the five years to 2017. Plummeting crude oil prices over the five-year period have decreased demand from the oil and gas sector, a major market for the industry. However, downstream markets are expected to improve over the current year, boosting revenue. Many of the industry's downstream markets have experienced gains early in the five-year period, which encouraged the purchase of industry products. Over the five years to 2022, the industry will benefit from expanding industrial markets, as well as the anticipated increase in crude oil prices. As the price of oil undergoes an expected gradual appreciation, the industry will receive higher demand from oil and gas rigs, which require pumps for extraction purposes.
Operators in this industry manufacture pumps and compressors for general use, measuring and dispensing. In addition, the industry manufactures nonagricultural spraying and dusting equipment and provides aftermarket and repair services for customers. However, industry operators do not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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