"Actionable Insights to Fuel Your Growth"
The industrial pumps are commonly used for dewatering or removing excess water accumulation. Industrial pumps find application in various industries and play an essential role in moving an assortment of fluids from one location to another. Industrial pumps come in a variety of shapes, sizes, and capacities. The various types of industrial pumps are used in different industries like power generation, mining, refineries, petrochemicals, and many others. Industrial pumps find different use different industries; for instance, in the water and wastewater sector, these are used to remove excess water while in refineries, they are used to removes excess of oil accumulation.
Based on type, the industrial pump market is classified into a centrifugal, reciprocating, rotary, and Other. The centrifugal pumps dominate the market as they are widely used for water and wastewater treatment, hydrocarbon processing, refineries, water injection, and pipeline services. As the demand for energy has risen, the oil and gas industry has expanded over the years, bringing new refineries that have increased the application field for these pumps and therefore fuelled the industrial pumps market growth.
Based on the application, the market is segmented into water and wastewater, oil and gas, chemicals and petrochemicals, power generation, mining industry, and others. Water and Wastewater segment is expected to dominate the market in the coming years owing to infrastructural development across the globe. The oil and gas sector is also expected to drive the market growth with increasing production capacities of each region.
The key market driver for the industrial pumps market is the requirement from refineries to produce low sulfur crude oil end products, to meet the regulations marked by the government authorities. The other factors fueling the growth include heavy investments on new infrastructure projects, expansion of the oil and gas industry, and the growing industrial sector across the world.
The key market restraint hindering the growth of industrial pumps is the carbon emissions from the pumps which occur during their operation. This can leads to actions on the industry by the environmental bodies present within the country. Other market hampering factors includes the timely maintenance required by the pumps to secure efficient operations.
Key Market Driver -
Requirement to produce low sulfur fuels in refineries to avoid toxicity
Key Market Restraint -
Increasing carbon emission from the use of pumps
Some of the major companies in Industrial Pump Market includes ITT Inc., Flowserve Corporation, KSB Company, Sulzer, GRUNDFOS, Elliott Group, Ebara Corp, Weir Oil and Gas, Baker Hughes, Schlumberger, Clyde Union Pumps, Titan Manufacturing Inc., Dover Corporation, Colfax Corporation, and Iwaki America, Inc.
To gain extensive insights into the market, Request for Customization
The global industrial pumps market covers different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is expected to dominate the market owing to the increasing refineries in the region. The region is said to have the maximum refining capacity spread across various countries like China, India, South Korea, Japan, and Australia. Also, the growth of the infrastructure sector in the region will cater to the market growth of these pumps. North America is expected to show healthy growth with the maximum adoption of these pumps for the shale gas industry, which has expanded at a healthy rate in recent years. Europe being the manufacturing hub for many products supplied over the globe, holds a significant share in the market. Europe has also heavily invested in wastewater treatment activities, which are expected to expand further and create more space for the adoption of industrial pumps. Latin America and the Middle East & Africa region will also show significant growth in the market, mainly due to the oil and gas sector in the specific regions. Brazil and Mexico are expected to be the dominating countries in Latin America with the highest refining capacity in the region. Similarly, the GCC countries will lead the market in the Middle East.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry