Industrial Pumps Market was valued at USD 58 Billion in 2019 and projected to grow at 3.6% CAGR during the forecast period.

An industrial pump is defined as a heavy-duty process pump used to move different types of materials such as water, chemicals, petroleum, wastewater, oil, sludge, slurry, or food. The industrial pump can be categorized into two groups: Centrifugal Pumps and Positive Displacement Pumps. The Centrifugal pumps are cost-effective as compared to other types of pump and have a longer life span. These pumps use a rotating impeller to increase the p`ressure. The Positive Displacement Pumps offers constant flow at a fixed speed, irrespective of the counter pressure.

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The key factor driving the growth of the global industrial pumps market includes the increasing adoption of these pumps across numerous end-use industries such as chemicals and petrochemicals. The rising demand for wastewater and water treatment, along with the continuous expansion of the oil & gas industry driven by the increasing rate of population and industrial development will further boost the growth of the market in the coming years. The centrifugal pumps have a lower price, requires less maintenance, and are used in high-flow, low head application with high viscosity fluids. In addition to this, the increasing investment for building efficient water infrastructure facilities, especially in developing nations around the world, will have a positive impact on the market. On the other hand, the need for consistent monitoring of the pumps and higher power needs will have a negative impact on the growing demand of the global industrial pumps market.

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Based on the Product, the market is segmented into Centrifugal Pumps, Positive Displacement Pumps and Others. The Centrifugal pump segment is projected to grow at a higher CAGR during the forecast period owing to the increasing hydraulic fracturing in the oil & gas industry, especially in the developed economies, such as the U.S. and Canada. The rising need for upgrading the aging infrastructure will further accelerate the demand for centrifugal pumps.

Based on the Application, the market is segmented into Oil & Gas, Chemicals, Construction, Power, Water & Wastewater Treatment, and Others. The water & wastewater treatment segment is projected to grow at a higher CAGR during the forecast period. The continuous industrial development, rising emphasis on wastewater treatment, several government initiatives supporting the usage of industrial pumps, and the expansion in the population rate are the major factors driving the growth of the market in the coming years. The Oil & Gas segment is anticipated to lead the market during the forecast period owing to the increasing demand for crude oil to facilitate production centers and domestic transports across the globe.

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Based on the region, the Asia-Pacific region is anticipated to lead the market during the forecast period, attributed to the expansion in numerous end-user industries, including water & wastewater treatment, construction, and oil & gas. In China, the rising investment for the construction of indirect and direct liquefaction plants, that require industrial pumps, will further accelerate the demand for industrial pumps in this region. On the other hand, Europe region is expected to grow at a higher CAGR during the forecast period due to the rising adoption of high-pressure industrial pumps in countries such as Germany and United Kingdom, for controlling water flow rates.

Various key players in this market include AR North America, Colfax Corporation, Global Pump, GRUNDFOS, Haight Pumps, IIT Inc., Iwaki America Inc., Franklin Electric, Roper Technologies, Inc., Sulzer Ltd. among others.

The global Industrial Pumps market has been segmented on the basis of product, application and region. Based on product, the market is segmented into Centrifugal Pumps, Positive Displacement Pumps and Others. Based on Centrifugal Pumps, the market is segmented into Axial Flow Pump, Radial Flow Pump and Mixed Flow Pump. Based on Positive Displacement Pumps, the market is segmented into Reciprocating Pumps, Rotary Pumps and Others. Based on application, the market is segmented into Oil & Gas, Chemicals, Construction, Power, Water & Wastewater Treatment and Others.

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Key questions answered in this research report:

• • At what pace is global Industrial Pumps market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Industrial Pumps market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial Pumps market?
  • Which product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various application areas of global Industrial Pumps market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 58 Billion
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AR North America, Colfax Corporation, Global Pump, GRUNDFOS, Haight Pumps, IIT Inc., Iwaki America Inc., Franklin Electric, Roper Technologies, Inc., Sulzer Ltd.; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial Pumps Market by Product

• • Centrifugal Pumps
    • Axial Flow Pump
    • Radial Flow Pump
    • Mixed Flow Pump
  • Positive Displacement Pumps
    • Reciprocating Pumps
    • Rotary Pumps
    • Others
  • Others

Global Industrial Pumps Market by Application

• • Oil & Gas
  • Chemicals
  • Construction
  • Power
  • Water & Wastewater Treatment
  • Others

Global Industrial Pumps Market by Region

• • North America Industrial Pumps Market
    (Option 1: As a part of the free 25% customization)

• North America Industrial Pumps Market by Product
• North America Industrial Pumps Market by Application
• United States of America (US) Industrial Pumps Market All-Up
• Canada Industrial Pumps Market All-Up

• Europe Industrial Pumps Market
  (Option 2: As a part of the free 25% customization)

 

• Europe Industrial Pumps Market by Product
• Europe Industrial Pumps Market by Application
• United Kingdom (UK) Industrial Pumps Market All-Up
• Germany All-Up Industrial Pumps Market All-Up
• France Industrial Pumps Market All-Up
• Spain Industrial Pumps Market All-Up
• Rest of Europe Industrial Pumps Market All-Up
• Asia-Pacific Industrial Pumps Market
  (Option 3: As a part of the free 25% customization)

• Asia-Pacific Industrial Pumps Market by Product
• Asia-Pacific Industrial Pumps Market by Application
• China Industrial Pumps Market All-Up
• India Industrial Pumps Market All-Up
• Japan Industrial Pumps Market All-Up
• Rest of APAC Industrial Pumps Market All-Up
• RoW Industrial Pumps Market
  (Option 4: As a part of the free 25% customization)
  • RoW Industrial Pumps Market by Product
  • RoW Industrial Pumps Market by Application
  • Brazil Industrial Pumps Market All-Up
  • South Africa Industrial Pumps Market All-Up
  • Saudi Arabia Industrial Pumps Market All-Up
  • UAE Industrial Pumps Market All-Up
  • Rest of world (remaining countries of the LAMEA region) Industrial Pumps Market All-Up

Global Industrial Pumps Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AR North America
  • Colfax Corporation
  • Global Pump
  • GRUNDFOS
  • Haight Pumps
  • IIT Inc.
  • Iwaki America Inc.
  • Franklin Electric
  • Roper Technologies, Inc.
  • Sulzer Ltd.