Global Pump Market Outlook Report 2020-2025: Industry is Expected to Witness Truncated Growth on Account of the Outbreak of the COVID-19 Pandemic

Dublin, Nov. 17, 2020 (GLOBE NEWSWIRE) -- The "Pump Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global pump market by revenue is expected to grow at a CAGR of close to 5% during the period 2019-2025.

The industry is expected to witness truncated growth on account of the outbreak of the COVID-19 pandemic. The pump sale in the APAC region is expected to have steady growth, with the increasing expenditure on infrastructural development projects and investment is likely to aid market growth. Several Asia Pacific countries, including China and India, are expected to witness remarkable gains with expansion in agriculture, industrial, and building services sectors during the forecast period.

In 2019, the US was the third-largest market owing to its strong process manufacturing firms, wastewater treatment plants, and the well-established oil and gas industries. Although growth modalities in major industries such as oil & gas, maritime, pulp & paper, and metals and mining have temporarily suppressed in 2020 on account of the pandemic, the demand for freshwater supplies and sanitation is expected to influence the market in developing countries.

Global Pump Market Segmentation

The global pump market research report includes a detailed segmentation by product type, end-user, geography. The global centrifugal pump market is expected to reach over $56 billion by 2025. Although the product centrifugal devices are experiencing increased applications across end-user sectors, they are particularly useful for low viscosity and thin materials such as liquids or wastewater.

They have a high demand in China, India, Vietnam, and other Asian countries in the power plants sector. High demand from the water and wastewater industry in North America and APAC is expected to augur well for the growth of the centrifugal segment. Single Stage, Multistage, Submersible, and Turbine are the major revenue contributors to the centrifugal market.

The demand for the pump is expected from end-user industries such as oil and gas, water and wastewater, chemicals and petrochemicals, and the mining industry. The recovery in crude oil prices and the increasing volume of onshore and offshore fields, including development, evaluation, and construction activities of the fields will lead to an expansion in the oil & gas sector. The expansion is expected to contribute to the development of deep-water offshore enterprises, for deeper offshore areas, thereby increasing demand for centrifugal, particularly submersible pump.

Insights by Vendors

The global pump market is highly competitive, and the major key competitive factors are differentiating product line along with efficiency, product reliability, service capabilities, and cost-efficiency. Vendors are actively investing in R&D to develop fundamental technology to establish competitiveness. They are differentiating themselves by enhancing product development, focusing on aftersales services, and increased operational efficiency. A high level of competitive capability through technological upgrades, particularly in the area of energy efficiency and digitalization, is expected to boost the competition in the market.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Impact of Covid-19
7.3 Global Economy: 2019

8 Market Opportunities & Trends
8.1 High Demand For Water And Wastewater Treatment Plants
8.2 Increase In Infrastructure Projects In Developing Regions
8.3 Growth In Merger And Acquisition Activities

9 Market Growth Enablers
9.1 Launch of Wastewater Treatment Schemes In Middle East
9.2 Demand For Efficient And Advanced Pump Technology
9.3 Strong Replacement Demand

10 Market Restraints
10.1 Volatility In The Oil & Gas Industry
10.2 Fluctuations In Raw Material Prices
10.3 Highly Competitive And Fragmented Market

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis

12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview

13 Centrifugal
13.1 Market Size & Forecast
13.2 Market Snapshot & Growth Engine
13.3 Single Stage
13.4 Multistage
13.5 Submersible
13.6 Turbine
13.7 Other Centrifugal Pumps

14 Reciprocating
14.1 Market Size & Forecast
14.2 Market Snapshot & Growth Engine
14.3 Piston
14.4 Diaphragm

15 Rotary
15.1 Market Size & Forecast
15.2 Market Snapshot & Growth Engine
15.3 Gear
15.4 Lobe
15.5 Peristaltic
15.6 Vane
15.7 Other Rotary Pumps

16 End-User
16.1 Market Snapshot & Growth Engine
16.2 Market Overview

17 Industrial Sector
17.1 Market Size & Forecast
17.2 Market Snapshot & Growth Engine
17.3 Oil & Gas
17.4 Water & Wastewater
17.5 Food & Beverage
17.6 Chemical
17.7 Power Generation
17.8 Mining
17.9 Pharmaceutical
17.10 Others

18 Agricultural Sector
18.1 Market Size & Forecast

19 Commercial Sector
19.1 Market Size & Forecast
19.2 Hospitality
19.3 Public Utilities
19.4 Others

20 Residential Sector
20.1 Market Size & Forecast

21 Geography
21.1 Market Snapshot & Growth Engine
21.2 Geographic Overview

Competitive Landscape

Prominent Vendors

• Alfa Laval

• Baker Hughes

• CIRCOR

• Desmi A/S

• Flowserve

• Franklin Electric

• Kirloskar Brothers

• KSB

• Nikkiso

• SPX Flow

• Sulzer

• Torishima

• Weir

• Wilo

• Xylem

Other Prominent Vendors

• AR North America

• Bosch Rexroth

• CP Pumpen AG

• Dover

• Ebara

• Grundfos

• Global Pump

• Haight Pumps

• HERMETIC-Pumpen

• IDEX Corp

• Iwaki America

• Klaus Union

• Kracht

• Leitritz Group

• Naniwa Pump

• Netzsch

• Pentair

• Roper Pumps

• Ruhrpumpen

• Seepex

• Seko

• Summit Pump

• Vaughan

For more information about this report visit https://www.researchandmarkets.com/r/jca3ui

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