Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global industrial pumps market size reached US$ 64.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 87.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Industrial pumps are mechanical equipment used to move fluid, such as oil, sludge, slurry, chemicals, petroleum, and wastewater, from one location to another. They are currently available in different shapes, sizes, and configurations based on liquid applications and materials used during their manufacturing. For instance, centrifugal pumps are used in chemical plants for moving low viscosity liquids. Moreover, positive displacement (PD) pumps are preferred in automotive transmission systems to move high viscosity fluids. They can also be utilized in process operations that require high hydraulic pressure.
Industrial Pumps Market Trends:
Rising exploration activities in the oil and gas sector due to the escalating energy demand represent one of the main factors driving the market growth. Additionally, the growing emphasis on upgrading existing wastewater treatment plants is contributing to the market growth. This can also be attributed to the limited availability of potable water, growing environmental concerns, and the rising awareness about the harmful impacts of drinking contaminated water. Apart from this, industrial pumps are utilized in different sizes and shapes in the power industry for circulation, boiler feed, and sludge handling. Moreover, rapid urbanization and increasing infrastructure development are other factors influencing the market positively. Furthermore, the leading players are adopting innovative strategies and focusing on mergers and acquisitions (M&A) with small and medium-sized enterprises (SMEs) to expand their product portfolio and gain an edge over their competitors. This is anticipated to bolster the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial pumps market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, distribution channel and application.
Breakup by Product:
Centrifugal Pump
Axial Flow Pump
Radial Flow Pump
Mixed Flow Pump
Positive Displacement Pump
Reciprocating
Rotary
Others
Others
Breakup by Distribution Channel:
Online
Offline
Breakup by Application:
Oil and Gas
Chemicals
Construction
Power Generation
Water and Wastewater
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, ITT Inc., Iwaki Co. Ltd., KSB SE & Co. KGaA, Schlumberger Limited, SPX Flow Inc., Sulzer Ltd., The Weir Group PLC, Vaughan Co. Inc. and Xylem Inc.
Key Questions Answered in This Report
1. What was the size of the global industrial pumps market in 2022?
2. What is the expected growth rate of the global industrial pumps market during 2023-2028?
3. What are the key factors driving the global industrial pumps market?
4. What has been the impact of COVID-19 on the global industrial pumps market?
5. What is the breakup of the global industrial pumps market based on the product?
6. What is the breakup of the global industrial pumps market based on the distribution channel?
7. What is the breakup of the global industrial pumps market based on the application?
8. What are the key regions in the global industrial pumps market?
9. Who are the key players/companies in the global industrial pumps market?
Table of Contents
148 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1Objectives of the Study
- 2.2Stakeholders
- 2.3Data Sources
- 2.3.1Primary Sources
- 2.3.2Secondary Sources
- 2.4Market Estimation
- 2.4.1Bottom-Up Approach
- 2.4.2Top-Down Approach
- 2.5Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1Overview
- 4.2Key Industry Trends
- 5 Global Industrial Pumps Market
- 5.1Market Overview
- 5.2Market Performance
- 5.3Impact of COVID-19
- 5.4Market Forecast
- 6 Market Breakup by Product
- 6.1Centrifugal Pump
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Axial Flow Pump
- 6.1.2.2 Radial Flow Pump
- 6.1.2.3 Mixed Flow Pump
- 6.1.3 Market Forecast
- 6.2Positive Displacement Pump
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Reciprocating
- 6.2.2.2 Rotary
- 6.2.2.3 Others
- 6.2.3 Market Forecast
- 6.3Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Distribution Channel
- 7.1Online
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2Offline
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2Chemicals
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3Construction
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4Power Generation
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5Water and Wastewater
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 9 Market Breakup by Region
- 9.1North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1Overview
- 10.2Strengths
- 10.3Weaknesses
- 10.4Opportunities
- 10.5Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1Overview
- 12.2Bargaining Power of Buyers
- 12.3Bargaining Power of Suppliers
- 12.4Degree of Competition
- 12.5Threat of New Entrants
- 12.6Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1Market Structure
- 14.2Key Players
- 14.3Profiles of Key Players
- 14.3.1Dover Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2Ebara Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3Flowserve Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4Grundfos Holding A/S
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5ITT Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6Iwaki Co. Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7KSB SE & Co. KGaA
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8Schlumberger Limited
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9SPX Flow Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10Sulzer Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11The Weir Group PLC
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.12Vaughan Co. Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13Xylem Inc.
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
Pricing
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