Market Overview

Global Pumps Market 2018-2022| Development of 3D-printed Impellers to Boost Growth| Technavio

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Technavio
market research analysts forecast the global pumps market to grow at a
CAGR of almost 4% during the forecast period.

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Technavio has published a new market research report on the global pumps market from 2018-2022.(Grap ...

Technavio has published a new market research report on the global pumps market from 2018-2022.(Graphic: Business Wire)

The development of 3D-printed impellers is one of the major trends being
witnessed in the global
pumps market 2018-2022
. The vendors are striving to increase
their competence in the region by adopting modern technologies in
pumping solutions. The vendors have been able to improve their product
offerings owing to the technological developments in the centrifugal
pumps market.

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only:
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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global pumps market is the increasing number of
initiatives to develop energy-efficient equipment:

Global pumps market: Increasing number of
initiatives to develop energy-efficient equipment

The requirement of energy-efficient equipment in different processes has
been increasing because the end-user industries are increasing their
production volume to cater to the growing demand for their products and
services. Approximately 9% of the cost of production is spent on
electricity in most industries.

According to a senior analyst at Technavio for research on engineering
tools, "The regulatory authorities have been encouraging the adoption
of energy-efficient equipment due to the increasing consumption of
electricity by energy-intensive industries. The governments of many
countries are concentrating on increasing the energy efficiency of
electric motor technologies through applied research and science."

Global pumps market: Segmentation analysis

The global pumps market research report provides market segmentation by
product (centrifugal pumps, specialty pumps, and positive displacement
pumps), by end-user (oil and gas, water and wastewater, chemical,
building, and power), and by region (the Americas, APAC, and EMEA). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

Of the three major products, the centrifugal pumps segment held the
largest market share in 2017, contributing to over 54% of the market.
This product segment will dominate the global market throughout the
forecast period.

EMEA held the largest share of the market in 2017, accounting for close
to 36% share. It was followed by APAC and the Americas respectively. The
EMEA region is anticipated to dominate the global market throughout the
forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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