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Pumps Market Development Status & Regional Growth Forecast till 2025

Author : Rahul Varpe | Published Date : 2019-09-24 

The demand for pumps is expected to escalate with the rising number of initiatives from private and public sector bodies targeted at wastewater treatment, thus charting out a profitable growth graph for the global pumps market.

Driven by unprecedented growth in the global construction and oil & gas sectors, pumps market has registered considerable proceeds since the last few years. Specifically in the oil & gas industry, robustly designed pumps are required for applications like gasoline transfer, injection tasks, chemical transfer or steam stripping.

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Aided by highly efficient pumps such as centrifugal, oil transfer, positive displacement, diaphragm, and petrochemical pumps, oil can effectively be extracted from under the ground to a tanker and then to a refinery. The product is also useful for chemical processing, methanol injection, glycol pumping, gas sweetening, and water disposal, thus offering an efficient solution for transporting liquids in diverse industries. Furthermore, rapid urbanization in developed countries has also led to a growing number of O&G extraction processes in recent years, supplementing pumps market share.

Efficient pumps such as centrifugal, oil transfer, positive displacement, diaphragm, and petrochemical pumps, oil can effectively be extracted from under the ground to a tanker and then to a refinery. The product is also useful for chemical processing, methanol injection, glycol pumping, gas sweetening, and water disposal, thus offering an efficient solution for transporting liquids in diverse industries. Furthermore, rapid urbanization in developed countries has also led to a growing number of O&G extraction processes in recent years, supplementing pumps market share.

Pumps Market Share by Application:

  • Mining
  • Building & Construction
  • Oil & Gas
  • Industrial
  • Municipal
  • Others

Important pointers encompassed pertaining to the application spectrum:

  • Substantial details about the application spectrum are provided in the report.
  • The study mentions about the valuation estimate of each of the application categories in detail, by the end of the forecast period.
  • The market share that each of the application segments account are mentioned in the study.
  • The trends that the application landscape is defined by are also contained in the report.

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Powered by a widespread application portfolio, spanning the municipal, construction, O&G, mining, and industrial sectors, pumps industry trends are set for a major upheaval in the ensuing years. By 2025, it is anticipated that the global pumps market size may exceed a mammoth $91 billion.

In a bid to tackle global climate changes and widespread droughts, the wastewater management sector has, of late, registered increased demand for pumps. Wastewater treatment is vital in the residential, commercial as well as in industrial sector, across the chemical, pharmaceutical, food processing, manufacturing and several other domains, as it can potentially remove bacteria and other chemicals that can cause severe harm to humans and environment.

However, irrespective of different industries employing different types of treatment processes, all wastewater and sewage treatment plants commonly depend on wastewater pumps for undertaking their operations. These pumps are used to move wastewater from the collection pit to the treatment plant and back, and once purified, are used to move the treated water to places where it is required or to a storage tank.

Key participants in the global pumps market are include Schlumberger, Kirloskar Brothers Ltd., Baker Hughes, Xylem Inc., Shimadzu Corporation, Atlas Copco, Ebara Corporation, MultiQuip, Flowserve Corporation, Gorman Rupp, Sulzer, Magnum, Gardner Denver, Wacker Neuson, Grundfos Generac, etc.

Related News: https://www.marketwatch.com/press-release/scope-of-conveyor-belt-market-to-2025-global-industry-growth-analysis-by-trends-and-regional-manufacturers-2019-09-24

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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