The global pump market size is projected to reach USD 132.7 billion by 2025, accelerating at a CAGR of 5.5% over the forecast period, according to a new report by Radiant Insights, Inc. The market is expected to witness significant growth owing to the increasing demand for pumps from oil & gas, chemical, and water & wastewater industries.
Increased spending on infrastructural development activities owing to the rapid industrialization in the emerging economies, especially in Asia Pacific and Central & South America, is expected to propel the product demand over the forecast period. Based on product, the market is segmented into centrifugal pump, positive displacement pumps, and others. Centrifugal pumps are the most commonly used product and the segment accounted for a market share of 52.1% in 2018. Positive displacement pump segment is expected to witness significant growth and ascend at a CAGR of 5.6% over the forecast period.
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Water & wastewater application segment dominated the market in 2018. The segment is expected to ascend at a CAGR of 5.7% over the forecast period and account for the largest revenue share in 2025. The growth of this segment can be attributed to increased spending by the governments of several countries for the development of water & wastewater infrastructure.
Oil & gas segment is expected to move ahead at a CAGR of 5.6% in terms of revenue over the forecast period. Increasing global demand for crude oil in order to facilitate production centers, overseas logistics, and domestic transport is expected to contribute to offshore and onshore exploration activities in the future. This, in turn, is projected to boost the demand for pumps over the forecast period.
Asia Pacific emerged as the leading regional market and accounted for a revenue share of 46.1% in 2018. The dominant position of Asia Pacific can be attributed to the high demand for pumps in water & wastewater, chemical, and pharmaceutical industries in the region. Asia Pacific market for pumps was followed by Europe and North America in 2018. Europe market for pumps is expected to be valued at USD 26.3 billion by 2025. Water & wastewater sector in Europe is characterized by the presence of stringent regulations owing to various environmental concerns. This is expected to propel the demand for pumps in Europe market over the forecast period.
Further key findings from the report suggest:
• The global market for pumps is anticipated to be valued at USD 132.7 billion by 2025 owing to the rapid industrialization in developing economies in Asia Pacific and Central and South America
• Centrifugal pump product segment is expected to dominate the global market in 2025. The segment is expected to ascend at a CAGR of 5.3% over the forecast period
• Positive displacement pump segment is expected to grow significantly in Asia Pacific market owing to the increasing demand for peristatic and diaphragm pumps in chemicals, pharmaceutical, and food & beverage end-use industries
• Among the various application segments, water & wastewater is anticipated to emerge as the fastest-growing segment over the forecast period. It is likely to progress at a CAGR of 5.7% over the forecast period
• Key players engaged in the manufacturing of axial flow pumps, which hold a major share in the global axial flow pumps industry include Xylem Inc., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, ITT INC., Sulzer Ltd, KSB SE & Co. KGaA, and Pentair plc.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/pump-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Definition, Segmentation, & Scope
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 Radiant Insights Internal Database
1.2.3 Secondary Sources
1.2.4 Third Party Perspective
1.2.5 Primary Research
1.3 Information Analysis & Data Analysis Models
1.4 Market Formulation & Data Validation
1.5 Market Formulation & Data Validation
1.6 List to Data Sources
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Pumps market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Sales Channel Analysis
3.4 Regulatory Framework
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Positive outlook toward oil & gas sector
3.5.1.2 Growing investment in water and wastewater treatment
3.5.2 Market Restraint Analysis
3.5.2.1 Stringent regulations for manufacturing industrial pump
3.5.3 Industry Challenges
3.6 Business Environment Analysis: Pumps market
3.6.1 Industry Analysis - Porter's
3.6.1.1 Supplier Power
3.6.1.2 Buyer Power
3.6.1.3 Substitution Threat
3.6.1.4 Threat from New Entrants
3.6.1.5 Competitive Rivalry
3.6.2 PESTEL Analysis
3.6.2.1 Political Landscape
3.6.2.2 Environmental Landscape
3.6.2.3 Social Landscape
3.6.2.4 Technology Landscape
3.6.2.5 Economic Landscape
3.6.2.6 Legal Landscape
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/machinery
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Increased spending on infrastructural development activities owing to the rapid industrialization in the emerging economies, especially in Asia Pacific and Central & South America, is expected to propel the product demand over the forecast period. Based on product, the market is segmented into centrifugal pump, positive displacement pumps, and others. Centrifugal pumps are the most commonly used product and the segment accounted for a market share of 52.1% in 2018. Positive displacement pump segment is expected to witness significant growth and ascend at a CAGR of 5.6% over the forecast period.
Download Free Sample Report @ https://www.radiantinsights.com/research/pump-market/request-sample
 |
| Pump Market |
Water & wastewater application segment dominated the market in 2018. The segment is expected to ascend at a CAGR of 5.7% over the forecast period and account for the largest revenue share in 2025. The growth of this segment can be attributed to increased spending by the governments of several countries for the development of water & wastewater infrastructure.
Oil & gas segment is expected to move ahead at a CAGR of 5.6% in terms of revenue over the forecast period. Increasing global demand for crude oil in order to facilitate production centers, overseas logistics, and domestic transport is expected to contribute to offshore and onshore exploration activities in the future. This, in turn, is projected to boost the demand for pumps over the forecast period.
Asia Pacific emerged as the leading regional market and accounted for a revenue share of 46.1% in 2018. The dominant position of Asia Pacific can be attributed to the high demand for pumps in water & wastewater, chemical, and pharmaceutical industries in the region. Asia Pacific market for pumps was followed by Europe and North America in 2018. Europe market for pumps is expected to be valued at USD 26.3 billion by 2025. Water & wastewater sector in Europe is characterized by the presence of stringent regulations owing to various environmental concerns. This is expected to propel the demand for pumps in Europe market over the forecast period.
Further key findings from the report suggest:
• The global market for pumps is anticipated to be valued at USD 132.7 billion by 2025 owing to the rapid industrialization in developing economies in Asia Pacific and Central and South America
• Centrifugal pump product segment is expected to dominate the global market in 2025. The segment is expected to ascend at a CAGR of 5.3% over the forecast period
• Positive displacement pump segment is expected to grow significantly in Asia Pacific market owing to the increasing demand for peristatic and diaphragm pumps in chemicals, pharmaceutical, and food & beverage end-use industries
• Among the various application segments, water & wastewater is anticipated to emerge as the fastest-growing segment over the forecast period. It is likely to progress at a CAGR of 5.7% over the forecast period
• Key players engaged in the manufacturing of axial flow pumps, which hold a major share in the global axial flow pumps industry include Xylem Inc., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, ITT INC., Sulzer Ltd, KSB SE & Co. KGaA, and Pentair plc.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/pump-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Definition, Segmentation, & Scope
1.2 Information Procurement
1.2.1 Purchased Database
1.2.2 Radiant Insights Internal Database
1.2.3 Secondary Sources
1.2.4 Third Party Perspective
1.2.5 Primary Research
1.3 Information Analysis & Data Analysis Models
1.4 Market Formulation & Data Validation
1.5 Market Formulation & Data Validation
1.6 List to Data Sources
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook
2.3 Competitive Insights
Chapter 3 Pumps market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Sales Channel Analysis
3.4 Regulatory Framework
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Positive outlook toward oil & gas sector
3.5.1.2 Growing investment in water and wastewater treatment
3.5.2 Market Restraint Analysis
3.5.2.1 Stringent regulations for manufacturing industrial pump
3.5.3 Industry Challenges
3.6 Business Environment Analysis: Pumps market
3.6.1 Industry Analysis - Porter's
3.6.1.1 Supplier Power
3.6.1.2 Buyer Power
3.6.1.3 Substitution Threat
3.6.1.4 Threat from New Entrants
3.6.1.5 Competitive Rivalry
3.6.2 PESTEL Analysis
3.6.2.1 Political Landscape
3.6.2.2 Environmental Landscape
3.6.2.3 Social Landscape
3.6.2.4 Technology Landscape
3.6.2.5 Economic Landscape
3.6.2.6 Legal Landscape
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/machinery
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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