Industrial Water Pump Market – Global Opportunities & Forecast, 2020-2027
The GMI Research report provides an overall outlook of the
industry through a detailed market segmentation. The report offers thorough
information related to the overview and scope of the market, including the
market drivers, restraints and emerging trends in the industry. This report is especially
designed to include both qualitative and quantitative aspects of the industry
in each region and country participating in the study.
Competitive Rivalry of the Industrial Water Pump Market:
The leading players in the industrial water pump market include
Franklin Electric, AR North America, Global Pump, Sulzer Ltd., GRUNDFOS, Haight
Pumps, IIT Inc., Iwaki America Inc., Roper Technologies, Inc., and Colfax
Corporation, among others.
Drivers of the Industrial Water Pump Market:
Rising adoption of these pumps
across various end-use industries, such as chemicals and petrochemicals, are
certain factors surging the growth of the global industrial
pumps market. The growing demand for wastewater and water treatment,
coupled with the rapid expansion of the oil & gas industry due to the
rising rate of population and industrial development, will further bolster the
growth of the market during the forecast period. The centrifugal pumps need
less maintenance, have a lower price, and are used in high-flow, low head
applications with high viscosity fluids. Furthermore, the rising investment for
building efficient water infrastructure facilities, particularly in developing
countries worldwide, will boost the market growth. On the other edge of the
spectrum, the requirement for consistent monitoring of the pumps and higher
power needs will negatively influence the increasing demand of the global
industrial pumps market.
Based on the region, the Asia-Pacific
region is expected to dominate the market during the forecast period due to the
expansion in various end-user industries, including water & wastewater
treatment, oil & gas, and construction. In China, the growing investment
for the construction of indirect and direct liquefaction plants that need
industrial pumps will further energize the demand for industrial pumps in this
region. Moreover, the Europe region is expected to grow at a higher CAGR during
the forecast period owing to the accelerating adoption of high-pressure
industrial pumps in countries such as the United Kingdom and Germany for
controlling water flow rates.
Market Segmentation:
The main objective of the study is to
define market sizes of the different market segments & countries during the
forecast period and analyze the values in the next six years. The detailed
segments and sub-segments of the market are explained below:
Breakup by Product:
·
Centrifugal Pumps
o
Axial
Flow Pump
o
Radial
Flow Pump
o
Mixed
Flow Pump
·
Positive Displacement Pumps
o
Reciprocating Pumps
o
Rotary
Pumps
o
Others
·
Others
Breakup by Application:
·
Oil & Gas
·
Chemicals
·
Construction
·
Power
·
Water & Wastewater Treatment
·
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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