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2018

Heavy-duty Pumps Market

Heavy-duty Pumps Market Size, Share, Competitive Landscape and Trend Analysis Report by Pump Type (Centrifugal and Positive-displacement), Product Type (Crude oil, Fuel oil, Asphalt, and Others) and Application (Oil, Gas, & Power, Processing, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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Author's: Priyanka Khandelwal | Sonia Mutreja
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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. 

Heavy-duty Pumps Market

 

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.

Heavy-duty Pumps Market by End-User 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.

Heavy-duty Pumps Market by Pump Type

 

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.

Heavy-duty Pumps Market by Region

 

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

Aspects Details
Heavy-duty Pumps Market By PUMP TYPE
By PUMP TYPE
  • CENTRIFUGAL PUMP
  • POSITIVE-DISPLACEMENT (PD) PUMP
    • PD Rotary Pump
    • PD Reciprocating Pump
Heavy-duty Pumps Market By PRODUCT TYPE
By PRODUCT TYPE
  • CRUDE OIL
  • FUEL OIL
  • ASPHALT
  • OTHERS
Heavy-duty Pumps Market By END-USER INDUSTRY
By END-USER INDUSTRY
  • OIL, GAS, & POWER INDUSTRY
  • PROCESSING INDUSTRY
    • Water & Wastewater Treatment
    • Food & Beverage
    • Mineral & Mining
    • Chemicals & Petrochemicals
    • Others (Pulp & Paper, Metal Production, etc.)
  • OTHERS
Heavy-duty Pumps Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

GARDNER DENVER, INC., SULZER LTD., KSB SE & CO., EBARA CORPORATION, FLOWSERVE CORPORATION, ITT INC., GENERAL ELECTRIC COMPANY, THE WEIR GROUP PLC, ALFA LAVAL, GRUNDFOS

Analyst Review

Heavy-duty pumps are widely used in the past few years in many industries such as oil & gas, food & beverage, petrochemicals, pulp & paper, and others, thereby stimulating the growth of the market. In addition, rise in infrastructural improvement and urbanization is also estimated to fuel the heavy-duty pumps market.

The market players have developed new ways to improve efficiency, and productivity of heavy-duty pumps. Heavy-duty pumps can efficiently perform heavy-duty applications such as slurry transfer, fuel oil transfer, asphalt transfer, and others. Moreover, manufacturers have implemented new technologies such as smart pipes, and others to boost the demand for heavy-duty pumps. For instance, ITT Inc. has developed technological devices such as PumpSmart Controllers and i-ALERT2 equipment health monitoring devices to control pumps, and thus, such new innovations generate revenue for the market.

Growth in demand for portable and clean water in regions such as Europe, and others drive the market growth. In addition, the features of heavy-duty pumps such as easy maintenance and high reliability are expected to propel the growth of the heavy-duty pumps market.

Author Name(s) : Priyanka Khandelwal | Sonia Mutreja
Frequently Asked Questions?

The factors that drive heavy-duty pumps market growth are an increase in the installation of food processing plants, oil, gas, & power processing plants, and the growth of the oil & gas industry.

Acquisitions & business expansion are the key growth strategies of heavy-duty pumps market players.

To get latest version of heavy-duty pumps market report.

The key trends in the heavy-duty pumps market are upsurge in demand for wastewater management and rise in awareness about energy saving and government regulations.

Asia-Pacific will provide more business opportunities for heavy-duty pumps in the future.

On the basis of top growing big corporation, we select top 10 players.

The leading players in the heavy-duty pump market are Alfa Laval, EBARA Corporation, Flowserve Corporation, Gardner Denver, Inc., General Electric Company, Grundfos, ITT INC.

By pump type, the centrifugal pump segment holds the maximum share of the heavy-duty pump market throughout the study period.

The expected market value of heavy-duty pumps by 2025 would be $19,522 million.

The potential customers of the heavy-duty industry are the oil & gas industry and power generation industry.

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Heavy-duty Pumps Market

Global Opportunity Analysis and Industry Forecast, 2018 - 2025