Pump & Compressor Manufacturing in the US
Negative trends related to commodity and industrial markets are expected to cause revenue to decline at an annualized rate of 0.8% over the five years to 2018. 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, and revenue is anticipated to increase 3.1% in 2018, totaling $28.8 billion. Over the five years to 2023, the industry will benefit from expanding industrial markets, as well as an 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. Utilities construction is expected to exhibit strong performance and companies in the industry are positioned to take advantage.
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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