Global Positive Displacement
Pumps Market Segmentation
Rotary Pumps dominated among
the Positive Displacement pumps Rotary pumps dominate this market as they are
used in fuel oil handling, lubrication and cooling in power plants. Demand for
rotary pumps is also increasing in the food Industry which can indicate why
rotary pumps account for the larger share. Reciprocating pumps are used in
situations where the viscosity of the fluid is high and (or) the fluid contains
particulate matter. It is used in industries such as Waste water treatment, Oil
and Gas (down Stream), mining and others. This ratio will likely remain the
same by 2023, as applications of these pumps are generic and reluctant to
change, not to mention the growth of end user industries specific to each pump;
will proportionally increase the demand for both of these pumps. Rotary Pumps
accounted for revenue of USD ~ Million, with a revenue share of ~% in 2018.
Global Pumps Market
Segmentation- By End Users
Type of End Users for Positive
Displacement: The Oil and Gas sector will have a reduced market share in
the future, owing to depletion of natural oil sources, and countries investing
in alternate sources of energy. The Chemicals industry will increase due to
overall growth of chemicals end products globally. As global applications for
chemicals increase, so will the demand for said chemicals. The Food and
Beverage industry will increase as increased consumption of packaged and
processed food. The Water and Waste Water industry will show the highest
increase as global demand for water is increasing specially from developing and
third world countries. The Pharmaceuticals market will rise due to global
increase in demand of medication. The Power Generation market will remain
relatively stable as demand from Asia Pacific is increasing offsetting the
slowdown of the industry from depletion of coal.
Global Pumps Market
Segmentation by Type of End Users for Centrifugal Pumps:
The Oil and Gas market is expected to witness a fall in market share
as natural resources deplete and nations look towards alternate sources of
fuel. The water and waste water sector will witness a rise due to growing
demand for fresh water and rising investments into water filtration plants from
both public and private players. The share of the Power Generation market will
fall as positive displacement pumps are primarily used in cooling systems of
nuclear power plants. The Metals and mining sector is expected to remain
neutral with no major expected surge in demand. The Agriculture Sector is
expected to rise as demand for energy efficient pumps for agriculture is
expected to increase, with a special focus on solar pumps.
Global Pumps Market
Segmentation- By Regions
The market in the Americas region is likely to increase due to growing
demand from Latin American countries. Demand for power generation, due to the
growing population and abundance of gas, will generate investment across the
region. Progressive expansion of the chemical process industry will increase
demand for pumps. The European markets will decrease as the markets have become
saturated. Germany, France, Italy, and the United Kingdom have mature markets
and offer less opportunities for new pump projects. The Asia Pacific market
will also decrease as demand is expected to slowdown. In the past, pump
manufacturers from China and India have vastly improved the quality of pumps
and transformed Asia Pacific into a major market, in the coming future however,
markets in this region are expected to reach near maturity levels. Middle East
and Africa will see a significant rise as these nations, Africa specially have
a very high demand in the water and Waste water segments. The growing number of
desalination plants in the Middle East and Africa is bound to generate demand
for pumps.
Competitive Landscape Covered
in the Report
The market is currently in the Maturity Stage, with major players
relying on Inorganic Growth to stay competitive and market entry for newer players
is difficult. Regional players rely on niche industries to sustain operations
and global players look for new countries to expand their global presence. The
competition is highly concentrated globally and highly fragmented on a country
basis. Major Players include Grundfos, EBARA, WILO, KSB, Baker Hughes, Xylem,
Flowserve, Kirloskar Brothers and others globally and, Ruhrpumpen, Broaching
Machine Specialties, IMBIL, Indústria e Manutenção pumps, Rotomac Industries
Pvt Ltd, Sonho Pumps, Water engg Services FZE, PUMPEN, DESMI regionally. Market
Players compete on factors such as technological innovation, regions served,
industries served, prices, after sales service, quality of products and others.
What Are The Future Estimations
About the Global Pumps Market and its Segmentations?
The global pumps market is estimated to grow at a CAGR of ~% over the
forecast period of 2018-2023E. The market is estimated to grow due to industry
wide trends such as digitization of pumps, growing urbanization, and increasing
demand of sanitized water. Centrifugal pumps are expected to retain the higher
market share as applications for centrifugal pumps in the water and waste water
sector increase over the forecast period. Among end users, the water and waste
water sector will retain the highest market share for both centrifugal and
positive displacement pumps. Geographically, the Asia Pacific region is
expected to retain the highest market share by 2023, but the MEA (Middle East
and Africa) region is expected to showcase the highest growth.
For more information on the research
report, refer to below link:-
Related
Reports:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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