The global pumps market is projected to grow at a high rate during the forecast period, mainly due increasing demand for electricity across the world is strengthening the global power sector; with pumps being an integral part of each power plant, development in the power sector is expected to contribute significantly to the growth of the global pumps market.
Pumps are basically classified into two categories, namely, positive displacement and dynamic pumps. Positive displacement pumps are further classified intro two types, namely, reciprocating and rotary. Dynamic pumps are of two type, namely, centrifugal and special effect pumps. Centrifugal pumps are used to transport liquid with large volume and substantial pressure head and are largely utilized for water, wastewater, and industrial liquid transportation in the power, steel, and domestic sectors. Positive displacement pumps are mainly used in the industrial sector where consistency of fluid flow matters more as compared to the volume handled during the transportation. Pumps majorly cater to end-users such as agriculture, water & Wastewater treatment plants, oil & gas, and other industrial sectors.
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Global Pumps Market – Segmentation
Global Pumps market has been segmented based on type, end-user, and region.
Based on type, the market is classified into positive displacement and dynamic pumps. Dynamic pump segment is leading the market and has the largest market share, mainly due to its wide application in water and wastewater treatment plants.
The global Pumps market is further segmented based on end-user, including oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food beverage, and others. Water & wastewater segment of the global pumps market is estimated to register the highest growth rate during the forecast period.
Based on the region, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Competitive Dashboard
The key players of global Pumps market are Grundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany), and Roper Industries (US), among others.
Detailed Regional Outlook
Region wise, Asia Pacific held the largest market share of the global Pumps market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment infrastructure development. Moreover, the increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for pumps in Asia Pacific region.
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Pumps Market Major Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
4 Market Landscape
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continue….
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