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Pumps and Valves Services Market in North America 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Pumps and valves services provided by vendors in North America
  • Market landscape
    • Market overview
      • Table Segmentation of pumps and valves services market in North America
      • Table Cost benefit analysis of in-house maintenance teams versus outsourced services for pumps and valves services
    • Pumps and valves services market in North America
      • Table Pumps and valves services market in North America 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by services
    • Market overview
      • Table Pumps and valves services market in North America by services 2016 and 2021(% revenue)
    • Pumps services market in North America
      • Table Pumps services market in North America 2016-2021 ($ millions)
      • Table Different offerings in pumps services
    • Valves services market in North America
      • Table Valves services market in North America 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Pumps and valves services market in North America by end-users 2016 and 2021(% revenue)
    • Pumps and valves services market in North America by oil and gas
      • Table Pumps and valves services market in North America by oil and gas 2016-2021($ millions)
      • Table Use of pumps and valves in various operations in the oil and gas industry
    • Pumps and valves services market in North America by chemical and petrochemical
      • Table Pumps and valves services market in North America by chemical and petrochemical2016-2021 ($ millions)
    • Pumps and valves services market in North America by water and wastewater
      • Table Pumps and valves services market in North America by water and wastewater2016-2021 ($ millions)
    • Pumps and valves services market in North America by power
      • Table Pumps and valves services market in North America by power 2016-2021($ millions)
    • Pumps and valves services market in North America by food and beverages
      • Table Pumps and valves services market in North America by food and beverages2016-2021 ($ millions)
    • Pumps and valves services market in North America by mining
      • Table Pumps and valves services market in North America by mining 2016-2021($ millions)
  • Geographical segmentation
    • Market overview
      • Table Pumps and valves services market in North America by geography 2016 and 2021(% revenue)
    • Pumps and valves services market in the US
      • Table Pumps and valves services market in the US 2016-2021 ($ millions)
    • Pumps and valves services market in Canada
      • Table Pumps and valves services market in Canada 2016-2021 ($ millions)
    • Pumps and valves services market in Mexico
      • Table Pumps and valves services market in Mexico 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Role of IIoT and big data in pumps and valves diagnostics
      • Table Steps of phased approach
    • Pump rental services
    • Growth of intelligent pumps
  • Vendor landscape
    • Competitive analysis
      • Table Competition scenario of pumps and valves services market in North America
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Franklin Electric
      • Table Product portfolio: Franklin Electric
      • Table Services offerings: Franklin Electric
      • Table Recent developments: Franklin Electric
    • Wilo
      • Table Product portfolio: Wilo
      • Table Services offerings in pumps and valves services market: Wilo
      • Table Recent developments: Wilo
    • Universal Plant Services
      • Table Services portfolio: Universal Plant Services
      • Table Services offerings: Universal Plant Services
      • Table Recent developments: Universal Plant Services
    • North American Hydraulics
      • Table Product and services portfolio: North American Hydraulics
      • Table Services offerings: North American Hydraulics
      • Table Recent developments: North American Hydraulics
    • Lewis-Goetz
      • Table Product portfolio: Lewis-Goetz
      • Table Service offerings: Lewis-Goetz
      • Table Recent developments: Lewis-Goetz
  • Appendix
    • List of abbreviations
  • Explore Technavio

About Pumps and Valves Services

The pumps and valves segment has contributed significantly toward the growth of economies around the world as it directly influences the productivity of the core sectors. All core sectors require valves for the growth of capacities, maintenance, and restoration of plants. The demand for control and self-operating valves is rising due to factory automation. With the increase in investment in the field of infrastructure, oil and gas, manufacturing and technologies; rise in urbanization, and the growth of small-scale industries, the market for pumps and valves will witness an upsurge in the near future.

Technavio’s analysts forecast the pumps and valves services market in North America to grow at a CAGR of 4.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the pumps and valves services market in North America for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on countries in North America:

  • US
  • Canada
  • Mexico
Technavio's report, Pumps and Valves Services Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Franklin Electric
  • Wilo
  • Universal Plant Services
  • North American hydraulics
  • Lewis-Goetz
Other prominent vendors
  • AR North America
  • North American Pump
  • HERMETIC-Pumps
  • Schaeffler Group
  • AMERICAN VALVE
  • HAWE Hydraulik
  • SAMSON Controls
  • Professional Valve Service
  • GEA
Market driver
  • Expansion of the oil and gas industry in North America
  • For a full, detailed list, view our report
Market challenge
  • In-house maintenance teams in the end-user industries
  • For a full, detailed list, view our report
Market trend
  • Role of IIoT and big data in pumps and valves diagnostics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Pumps and Valves Services Market in North America 2017-2021

Technavio recognizes the following companies as the key players in the pumps and valves services market in North America: Franklin Electric, Wilo, Universal Plant Services, North American hydraulics, and Lewis-Goetz.

Other Prominent Vendors in the market are: AR North America, North American Pump, HERMETIC-Pumps, Schaeffler Group, AMERICAN VALVE, HAWE Hydraulik, SAMSON Controls, Professional Valve Service, and GEA.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Role of IIoT and big data in pumps and valves diagnostics. Innovation fosters businesses, and as the role of technology cannot be undermined, it is well understood that business and technology cannot be separated from each other. The streamlined technology provides a better approach to business practices by completing the work efficiently and effectively in a faster, cheaper, and superior way. Consequently, Industrial Internet of Things (IIoT) capacitates specialists to monitor as well as maintain the robustness and soundness of pumps and valves even from a distant location. Though smart valves and pump positioners have captured the market to a certain extent, the limitations of time to scrutinize the software in order to look for any faults have led to the necessity of IIoT.”

According to the report, one of the major drivers for this market is Expansion of the oil and gas industry in North America. Currently, the oil and gas industry in North America is expanding, owing to the exploration of shale gas in the region. This exploration has led to the growth of related industries like chemical and petrochemical and water and wastewater. Chemical and petrochemical industries are expanding because of the easy-availability of raw materials. The expansion of oil and gas industry has led to the increasing demand for industrial water supply.

Further, the report states that one of the major factors hindering the growth of this market is In-house maintenance teams in the end-user industries. The end-users nowadays have started servicing pumps and valves through in-house maintenance teams. These teams carry out the repair services of pumps and valves in plants and reduce the need for outsourced pumps and valves service providers. This challenge is treated very lightly by pumps and valves services vendors because maintaining an in-house servicing team requires an additional cost. Also, in industries where the use of pumps and valves services is less, the in-house servicing team serves as a redundant factor.

Companies Mentioned

Franklin Electric, Wilo, Universal Plant Services, North American hydraulics, Lewis-Goetz, AR North America, North American Pump, HERMETIC-Pumps, Schaeffler Group, AMERICAN VALVE, HAWE Hydraulik, SAMSON Controls, Professional Valve Service, and GEA.

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