“The Asia Pacific region accounted highest market share in
2018, however, the Middle East and Africa region, is expected to gain the highest
growth with a CAGR of 9.0%, driven primarily by demand for water sanitation
pumps in Africa, followed by the Middle East.”
The
report titled “Competition Benchmarking in Global Pumps Market – WILO
Group, KSB Group, Xylem Pumps Inc, EBARA Group, Grundfos Group, Sulzer Pumps,
Shimadzu Group, Kirloskar Brothers Limited, Flowserve Inc, Weir Group”
By Ken Research
suggested that the Global pumps market has been increasing due to rising demand
of water and waste water treatment plants, introduction of new product
offerings which are innovative and use IOT based analytics, growth of other end
user sectors coupled with the growing potential of the pumps servicing sector.
The market is expected to register a positive CAGR of 2.9% in terms of revenue
during the forecast period 2018-2023E.
Increase in Global Electricity Production: Global Electricity Production was 26,590 Terawatt hours in
2018, growing at a CAGR of 2.6% (2013-2018). This showcases that there has been
a rise in production plants over the years. These power plants use pumps
extensively in the power generation process and are a potent source of demand
for the pumps market.
Rise in Global Water Consumption: As per Industry Articles, Demand for freshwater is
increasing by 64 billion cubic meters a year. As per industry articles, the
global water consumption in 2014 was 1,405 billion cubic meters and is expected
to reach 1,565 billion cubic meters by 2025. Worldwide, agriculture accounts
for 70% of all water consumption, compared to 20% for industry and 10% for
domestic use. As the total available fresh water decreases, countries are
setting up desalination plants to cater to the global water demand. This serves
as a source of Potential demand and CSR for global pump manufacturers.
Global Pump Manufactures Aiding in Solving Global Problems: Global pump manufacturers are dedicating their efforts to
help solve problems faced by many less privileged countries and sectors in the
world. They provide pumps and pump systems to draught ridden areas to provide
access to fresh water. Pump manufacturers are updating their mission statements
as well to reflect this decision.
Key
Segments Covered:-
Global Pumps Market:
By
Regions (Americas, Europe, Asia Pacific And Mea), 2018 And 2023E
By
End Users For Positive Displacement (By Oil And Gas, Chemicals, Food And
Beverage, Water And Wastewater, Pharmaceuticals, Power Generation And Others),
2018 And 2023E
By
End Users For Centrifugal Pumps (By Oil And Gas, Chemicals, Food And Beverage,
Water And Wastewater, Pharmaceuticals, Power Generation And Others), 2018 And
2023E
By
Type of Pump (Centrifugal Pumps and Positive Displacement Pumps)
By
Centrifugal Pump
By
Centrifugal Pump Stages (Single-Stage And Multi-Stage Pumps), 2018 And 2023E
By
Centrifugal Pump Location (Submersible And Non Submersible Pumps), 2018 And
2023E
By
Positive Displacement Pump (Rotary Pumps And Reciprocating Pumps), 2018 And
2023E
Key Target Audience:-
Global
Pump Manufacturers
Centrifugal
Pump Distributors
Positive
Displacement Pump Distributors
Government
Associations
Infrastructure
Companies
Private
Equity and Venture Capitalists Firms
Time Period Captured in the Report:-
Historical Period: 2013- 2018
Forecast Period: 2019E - 2023E
Companies Covered:-
Grundfos
Group
Wilo
Group
Ebara
Corporation
KSB
Sulzer
Flowserve
Kirloskar
Brothers
Weir
Group
Shimadzu
Xylem
Group
For more information on the research report, refer to below link:-
Related
Reports:-
India
Pumps Market Outlook To 2019 - Driven By Government Investments And
Technological Advancements
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
