Global Pumps Market Size was valued nearly USD 34.39 billion by 2016 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.6% during the forecast period, i.e. 2017-2025.

Global Pumps Market Growth Opportunities (Revenue, Growth) By 2017-2025

Rapidly growing industrialization in emerging economies that is positive impact on industry growth in mining, oil and gas, construction and water infrastructure etc., are major key factors to drive global market. The developed or emerging countries key manufacturer increased production due to huge demand from end users such as private and public sectors that is the key driving factors for product demand which will boost over the forecast period. Another Major sector is agriculture will boost the demand of the pumps and water infrastructure as well waste water treatment across the globe is anticipated to drive the worldwide pumps market in coming years. Increasing end user industry such as building & construction, food & Beverage, water infrastructure in Asia Pacific as well ME & A are projected to push the growth of the industry. Growing massive investment in emerging countries such as India, China will subsequently reflect the industry size by 2025. Additionally continuously growing other sectors like mining, oil & gas, industrial, chemical and power in the Asia Pacific will complement market growth during forecast period. 

Segment Analysis

Product Type Insights- Based on the product type, the pumps segment is divided into Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump, and Sealless & Circular Pump. On capacity basis (HP), each pump segment type is further sub-segmented into Small Pump, Medium Pump, and High Pump.

Application Insights- The global pumps market application insights is divided into Agriculture & Irrigation, Domestic, Mining, Oil & Gas, Other Industrial, Wastewater Treatment (Effluent Treatment Plant, Sewage Treatment Plant), and Water Treatment (Industrial Process, Municipal & Commercial Facilities). The Agriculture & Irrigatio and Water Treatment segment was valued at significant CAGR in 2017 and is projected to cross calculated volume in coming years. 

Technology Insights: Based on the technology, the pumps industry segmented into Centrifugal Pumps, Diaphragm Pumps. In 2016, the centrifugal pump is held 99% industry share and is excepted to continuously contribute high demand from various industries during the forecast period. Diaphragm Pumps will generate significant demand over the forecast period.  

Regional Analysis

The global pumps Market is divided into region that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe – UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017, Asia Pacific was the help major industry share and is projected to continuously dominate the region in over the forecast period. Owing to growing the demand from end-users, massive production, strong distribution system, added new major key players and investment. Developing countries such as China, India and Thailand along with Japan are the major growth contributors for the growth of the industry in the region. North America and Europe was held major industry share in 2017 and is projected to contribute healthy growth over the forecast.

Global Pumps Market Size, Share Analysis By Region 2017

Pumps Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Pumps Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in pumps market are included as primary sources of the supply side.

After performing comprehensive engineering of pumps market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Player

Some of the prominent manufacturers form regional industry as well global industry that are Atlas Copco, Xylem Inc., Gorman Rupp, MultiQuip, Magnum, Generac, Wacker Neuson, Gardner Denver, Grundfos, Flowserve Corporation, Sulzer Ltd., Ebara Corporation, Schlumberger, Shimadzu Corporation, Baker Hughes, etc.

Global Pumps Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.