Home / Businesswire / Global Demand for Fluid Pumps is Forecast to Grow 5.6% Per Year Through 2022 – Analysis by Region, Market and Product Type – ResearchAndMarkets.com

Global Demand for Fluid Pumps is Forecast to Grow 5.6% Per Year Through 2022 – Analysis by Region, Market and Product Type – ResearchAndMarkets.com

Pumps by Region, Market and Product Type, 11th Edition"
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Global demand for fluid pumps is forecast to grow 5.6% per year through

Acceleration of global fixed investment, expansion of process industries
including chemicals manufacturing and food and beverage processing, and
advancement of global water infrastructure will drive demand for
centrifugal, positive displacement, and specialty pumps.

Key Findings

Process Pumps are Needed to Satisfy a Growing Appetite for Chemicals,
Processed Foods

The process manufacturing market for pumps will outpace other key pump
markets due to strong growth in key process industries. Global demand
for chemicals, processed foods and beverages, metals, and other products
such as plastics and textiles will continue at a steady pace, expanding
sales opportunities for pumps. The market for centrifugal and positive
displacement process pumps that are optimized to handle specific
materials will have particularly favorable growth prospects.

Plant Operators Seek Smart Pumps and Internet of Things Solutions

In developed markets, the drive toward improved energy efficiency,
reduced downtime, and lower maintenance costs will accelerate the market
for smart pumps and internet-enabled accessories. Because pumping
systems often account for a major portion of plant expenses, operators
who adopt smart pumping systems can gain an edge over competitors by
improving profit margins. As a result, these products will be a rapidly
growing market area.

Sales Opportunities in Positive Displacement Pumps and High
Performance Centrifugal Pumps

Positive displacement pumps are expected to record the fastest increase
in demand as global fixed investment rises. These pumps are generally
more costly to own and maintain than centrifugal pumps, but are
preferable in certain applications, such as handling delicate or viscous
materials. High performance centrifugal pumps, including high powered
multistage and submersible types, seal-less, and corrosion-resistant
pumps, will also make inroads.

Study Coverage

This industry study presents historical demand data (2007, 2012, and
2017) and forecasts for 2022 by market (process manufacturing, oil and
gas, water infrastructure), product (centrifugal; positive displacement:
diaphragm, reciprocating, and rotary; specialty and other; turbine; and
drivers, parts, and accessories), and region (North America, Central &
South America, Western Europe, Eastern Europe, Asia/Pacific, and
Africa/Middle East).

The study also evaluates company market share and provides analysis on
industry competitors, including:

  • Ebara
  • Flowserve
  • Grundfos
  • KSB
  • Sulzer
  • Weir
  • Wilo
  • Xylem

For more information about this report visit https://www.researchandmarkets.com/research/ffwrnk/global_demand_for?w=4


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Topics: Pumps