Pumps Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A device used for the movement of fluids (liquid or gas) and slurries by mechanical action is known as pump. Pumps can be classified on the basis operation mechanism but works on the same principle of consuming energy and moving the fluid by mechanical action. Pumps can be either powered by manual operation or some source of power.

MARKET SCOPE

The "Global Pumps Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview pumps market with detailed market segmentation as type, end-user, and geography. The global pumps market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pumps market players and offers key trends and opportunities in the pumps market.

MARKET SEGMENTATION

•   On the basis of type the market is segmented as centrifugal pump and positive displacement pump.
•   On the basis of end-user the market is segmented as industrial, commercial, and residential.

MARKET DYNAMICS
Drivers:

•   The growing construction industry owing to rising population and urbanization.
•   Increasing industrialization across the globe.

Restraints:

•   Fluctuating prices of raw material .

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global pumps market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The pumps market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting pumps market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the pumps market in these regions.

IMPACT OF COVID-19 ON PUMPS MARKET

The outbreak of COVID-19 has significantly impacted various industries including the manufacturing industry. Containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures has disrupted the supply chain of manufacturers in 2021. However, the industry started to stabilize from Q4 of 2021 as economies started to reopen and containment measures were relaxed.

Pumps Market Report Analysis

Pumps Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Xylem Inc.
• Kirloskar Brothers Limited
• GRUNDFOS
• Sulzer Ltd
• Flowserve Corporation
• Ebara Corporation
• The Weir Group PLC
• KSB Pumps Ltd.
• Wilo SE

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Centrifugal
• Positive Displacement

By End User

• Industrial
• Commercial
• Residential

MARKET PLAYERS

The reports cover key developments in the pumps market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Engine light market are anticipated to lucrative growth opportunities in the future with the rising demand for pumps in the global market. Below mentioned is the list of few companies engaged in the pumps market.

The report also includes the profiles of key pumps companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Xylem Inc.
•   Kirloskar Brothers Limited
•   GRUNDFOS
•   Sulzer Ltd
•   Flowserve Corporation
•   Ebara Corporation
•   The Weir Group PLC
•   KSB Pumps Ltd.
•   Wilo SE
•   Ruhrpumpen Group.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Pumps Report Scope