Heavy-duty Pumps Market

Heavy-duty Pumps Market Outlook - 2025:

Heavy-duty pump is an industrial pump which is used to transfer highly viscous, corrosive, or abrasive products such as chemicals, sewage, crude oil, and others proficiently from one location to another. The global heavy-duty pumps market size was $12,823 million in 2017, and is projected to reach $19,522 million in 2025, growing at a CAGR of 5.4%

An increase in demand for electricity and power consumption is observed globally, that further fuels, the power industry, and thereby boosts the need of heavy-duty pumps. In addition, the surge in oil consumption worldwide fuels the oil & gas sector, which in turn generates opportunities for the heavy-duty pumps market. In addition, market players are adopting new strategies such as acquisitions, business expansions, and others to boost the growth of the heavy-duty pumps industry. 

For instance, Flowserve Corporation acquired SIHI Group B.V and thus, strengthened its Industrial Product Division. Similarly, GE acquired Baker Hughes in 2017, and GE’s oil and gas equipment and services operations were merged with Baker Hughes and renamed it as Baker Hughes, a GE Company. Such developments are anticipated to substantially fuel the growth of the heavy-duty pump industry. Further, pumps must conform to a wide-range of standards. For instance, all centrifugal pumps that operate in the petroleum, petrochemical, and natural gas sectors need to follow the American Petroleum Institute (API) 610 standard to handle hydrocarbons. Hence, technological advancements in the pumps and regulatory standards to save energy create lucrative opportunities for the growth of the heavy-duty pumps market. However, the unpredictable changes in prices of raw materials are anticipated to impede the growth of the market.

Economies such as China and India, are densely populated, thereby creating a huge demand for food, electricity, oil, gas, power, and others. Thus, there is an increase in installation of food processing plants, oil, gas, & power processing plants, thereby fueling the growth of the heavy-duty pumps market. In addition, over the years, countries in Europe have used their advanced technologies to treat industrial water. Now, these countries are shifting their focus on treating municipal water infrastructure, thereby fueling the growth of the heavy-duty pumps market. Moreover, prominent manufacturers have been working hard to produce heavy-duty pump for the different industrial sectors, such as chemicals, food processing, mining, and others. For instance, regional players such as Alfa Pumps in India, offer heavy-duty gear pumps for the food processing industry and chemical industry, and Sunbo Pumps in China offers heavy-duty centrifugal slurry pumps for the mining industry.

The global heavy-duty pumps market is segmented based on pump type, product type, end-user industry, and region. Based on pump type, the market is bifurcated into centrifugal pump and positive-displacement pump. The centrifugal pump segment is anticipated to dominate the global market throughout the study period. Based on product type, the market is categorized into crude oil, fuel oil, asphalt, and others. The crude oil segment is projected to dominate the global heavy-duty pumps market throughout the study period. Based on end-user industry, the market is categorized into oil, gas, & power, processing, and others. The processing industry segment accounts for the maximum market share.

Pump Type

The pump type segment comprises of centrifugal and positive-displacement. Among these, the centrifugal segment is expected to grow at a significant growth rate during the forecast period owing to its long service life and low maintenance. In addition, surge in population, rapid urbanization & industrialization, and increase in oil, gas, & power production have fueled the water & wastewater management, which is further expected to boost the growth of the heavy-duty centrifugal pumps market. Moreover, many industries such as power generation, food & beverages, and others, use heavy-duty centrifugal pumps, as these pumps are highly efficient, have large wear resistant capacity, and wide flow-rate capacity.

Region

The following graph exhibits the growth potential of various regions in the market. The heavy-duty pumps market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Asia-Pacific holds a significant share in the global market, owing to rise in demand for food & beverage and portable water in the region. The Asia-Pacific market is projected to register the highest CAGR of 6.2% followed by LAMEA. North America and Europe possess high growth potential, due to increase in demand for oil & gas as well as fresh drinking water. Rapid urbanization, growth in population, and increase in awareness regarding water & wastewater management have facilitated widespread adoption of heavy-duty pumps.

Key Benefits for Heavy-duty Pumps Market:

• The study provides an in-depth analysis of the global heavy-duty pumps market along with the current trends and estimations to elucidate the imminent investment pockets.
• Information about the key drivers, restraints, and opportunities and their impact analyses on the market size is included in the study.
• Porter’s five forces analysis illustrates the potency of the buyers and the suppliers operating in the industry.
• The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential.

Key Market Segment:

By Pump Type

• Centrifugal
• Positive-Displacement

By Product Type

• Crude Oil
• Fuel Oil
• Asphalt
• Others

By End-User Industry

• Oil, Gas, & Power
• Processing
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Russia
  • France
  • UK
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players Profiled in the Report

• Alfa Laval
• EBARA Corporation
• Flowserve Corporation
• Gardner Denver, Inc.
• General Electric Company
• Grundfos
• ITT INC.
• KSB SE & Co.
• Sulzer Ltd.
• The Weir Group PLC

 Heavy-duty Pumps Market Report Highlights