A mechanical pump is a device that uses mechanical action to move fluids (liquid or gas) and slurries. Mechanical pump are classified based on how they operate, but they all work on the same principle of consuming energy and moving fluid through mechanical action. Eight major industries, namely coal, fertilizers, oil & gas, refinery products, steel, cement, and electrical, are driving the adoption of pumps. Agriculture and construction services are also important end-use segments in developing economies like India and China. The mechanical pump market’s major players are primarily focused on quality and a low-cost proposition. One of the major success factors for standing out in the global market is to build a stronger brand and expand market reach in new geographies.
Grundfos Holding A/S, KSB SE & Co. KGaA, Sulzer Ltd, The Weir Group PLC, and Xylem Inc. – PROMINENT MARKET PARTICIPANTS IN MECHANICAL PUMPS MARKET
Grundfos Holding A/S, KSB SE & Co. KGaA, Sulzer Ltd, The Weir Group PLC, and Xylem Inc. are some of the key market players operating in the global mechanical pumps market. The listing of key players is derived by considering multiple factors such as overall revenue, current Mechanical pumps product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the mechanical pumps ecosystems which were studies analyzed during the course of this market research study, such as EBARA CORPORATION, KIRLOSKAR BROTHERS LIMITED, PLEUGER INDUSTRIES, Tsurumi Manufacturing Co., Ltd., and WILO SE. Further in 2020, Xylem launched a monitoring service that delivers data-driven insights for pump stations and water assets. The service will make it easy to connect with assets and monitor them in real-time, and enables smart decision-making based on real-time data and analysis.
Most of the market initiatives were observed in Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
| Year | News | Country |
| 2019 | Grundfos Holding A/S expands its footprints in Indonesia by opening another sales office in Surabaya for expansion and development in Eastern Indonesia. | Europe |
| 2021 | Sulzer will be launching a project to digitalise and automate the assembly, test bed and painting processes in its Finnish factory in Kotka. Sulzer’s factory in Kotka is a key supplier of configured process pumps, agitators and high speed turbo compressors for the global market. | Europe |
