Industrial Pumps Market - Forecast (2022 - 2027)

Covid-19 Impact

The strict lockdown in all the regions and restrictions have severely impacted the industries, including industrial pump market. Manufacturing activities were impeded resulting in disruption in the supply chain and unavailability of labor. To control the spread of this disease and avoid the related consequences, governments across the globe have announced lockdowns, majorly impacting many manufacturing and service industries, including water and wastewater treatment. However, the industries are recovering and certainly started seeing potential growth in the market.

 

• Request Sample

Industrial Pumps Market Report Coverage

The report “Industrial Pumps Market– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial Pumps Market Industry.

By Type: Dynamic Pumps (Centrifugal Pump, Vertical Centrifugal Pump, Horizontal Centrifugal Pump, Submersible Pump, and Fire hydrant systems Pump), Positive Displacement Pumps (Diaphragm Pump, Gear Pump, Peristaltic Pump, Lobe Pump, and Piston Pump), Axial-flow pumps (Vertical Shaft Axial Flow Pump, Horizontal Shaft Axial Flow Pump, and Sea Water/ Brine Injection Pump), and Others

By Operation Type: Electric, Hydraulic, Air Driven, Sustainable Energy, and Others

By Design: Single-Stage Pump and Multi-Stage Pump

By Position: Submersible and Non-submersible

By Application: Water Supply, Irrigation, Water Supply, Gasoline Supply, Air Conditioning Systems, Refrigeration, Sewage movement, Drainage, Power Station, Refineries and Others

By End-Use Industry: Agriculture, Sewer System, Oil and Gas, Mining, Building & Construction, Water & Wastewater, Chemicals, Power Generation, Automotive, Food and Beverages, Paper and Pulp and Others

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa)

Key Takeaways

Asia Pacific dominates the Industrial Pumps Market owing to rapid increase in building and construction and agriculture.
Intensified demand for water and wastewater management is driving the industrial pump market over the forecast period.
Increasing demand for centrifugal pumps in various end-use industry is another factor boosting the marker growth.

Industrial Pumps Market Segment Analysis - By Operation Type

Electric segment holds the largest share in the industrial pumps market in 2021 and forecast to grow at 5.2% CAGR during 2022-2027. A pump is widely used mechanical equipment that can be driven by many types of power sources, such as manual operation, electricity, engines, and even sustainable energy sources such as wind power. These energy sources can be a variety of equipment, varying in size, from a micro microscope for medical use to large industrial pumps in waterworks, or from the transmission of machine tool coolant to industrial pumps of ordinary size. Pumps have a wide range of applications in industry, such as pumping water from wells, aquarium filtration work, and pond filtration tasks. In the automotive industry, pumps can be used for water cooling and fuel injection. In the energy industry, pumps can be used to transport oil and gas and to operate cooling towers.

 

• Inquiry Before Buying

Industrial Pumps Market Segment Analysis - By End-Use Industry

The water and wastewater segment accounted for approximately 14% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Industrial pumps spin at high speeds to force wastewater out of the pump and into the discharge pipes or areas within the facility. The centrifugal pump is the ideal pump for the vital part of the water treatment process which is excess material in the wastewater treatment system. It provides the gentle action required to maintain the biological floc that is the essential ingredient in the activated sludge treatment process. In 2020, New Zealand Council has allocated US$40 million in Government funding to upgrade parts of the city’s drinking and wastewater infrastructure. So the growing investments and developments in the wastewater treatment sector are driving the market growth during the forecast period. The rise in the numeral of water treatment plants and rising onsite reuse of water by various industries in driving the market for industrial pumps during the forecast period 2022-2027.

 
Industrial Pumps Market Segment Analysis - By Geography

Asia-Pacific segment holds the largest share in the industrial pumps market in 2021 up to 41% and is forecast to grow at 4.9% CAGR during 2022-2027. The increasing population, mainly the urban population, indicates a prior factor for industrial and agriculture expansion, which, in turn, creates pressure on water sources. According to the World Bank, in 2009-2020, global spending on water and sewerage projects exceeded US$26 billion, with 84% of investments in wastewater treatment being in greenfield projects, which means a predominance of new facilities in this segment of infrastructure. A significant proportion of these projects are being implemented in China and other East Asian countries, where governments have recently turned towards environmental protection. Thus, the growth of waste treatment in the region certainly anticipates the growth of industrial pump market.

Industrial Pumps Market Drivers

Increasing Investment for water and wastewater management in developed countries

Wastewater reuse is a key solution to overcome water insufficiency and meet the growing water requirements. Industrial pumps like centrifugal pumps are used broadly in wastewater treatment plants to process used water. These pumps retain rotating impellers to increase impeller velocity and push fluids through outlet valves. Thus, the growing investment in global wastewater treatment plants is expected to increase the demand for industrial pumps. For instance, The European Investment Bank (EIB) invested US$21 million to improve wastewater management and provide affordable access to water and wastewater services for more than 90 000 people in the municipality of Gjilan/Gnjilane in Kosovo. Also, plans to close to US$1.57 billion for over 1 600 projects, the EIB is making water security and climate change adaptation a priority. On the other hand, according to the Government of Canada, the government has invested US$2.07 billion to support water and wastewater-related infrastructure projects. Thus, the constant development and investment of wastewater treatment are driving the market growth of industrial pumps during the forecast period.

Increasing Demand for Centrifugal Pumps to Drive the Market

Centrifugal pumps are perhaps the most common type of pumps used in a range of applications. With a variety of configurations available, centrifugal pumps are widely used because of their design simplicity, high efficiency, a wide range of capacity and head, smooth flow rate, and ease of operation and maintenance. The increasing demand for centrifugal pumps in wastewater treatment, construction, refineries, and other sector owing to its ability to provide efficient solutions to difficult situations in one heavy-duty long-lasting pump. Thus, the manufacturers are developing the product as per the demand, for instance, in 2022 Sulzer has extended its portfolio of clean water centrifugal pumps with the launch of the SES and SKS ranges, which are EN733 standard pumps designed for municipalities, water treatment facilities, and commercial and irrigation applications. Besides, the increase in the refining capacity globally has also increased the demand for centrifugal pumps in refineries, and this is expected to continue, thus boosting the overall industrial pump market over the forecast period.

Industrial Pumps Market Challenges
Cavitation effect in centrifugal pumps

Cavitation in a centrifugal pump has a significant effect on pump performance. It degrades the performance of the pump, resulting in fluctuation of flow rate and discharge pressure. Cavitation can also cause excessive pump vibration, which could damage pump bearings, wearing rings, and seals. Besides, a small number of centrifugal pumps are designed to operate under the condition where cavitation is unavoidable. Vapor bubbles that are formed within centrifugal pumps owing to inadequate liquid tend to move toward areas of high pressure within them to collapse under sufficient pressure and return to the liquid state. The implosion of these bubbles flakes off small portions of metal from impeller surfaces, resulting in low-frequency vibration and noise, along with extensive damage to centrifugal pumps. This impacts the performance of pumps, resulting in their reduced sales and high replacement costs. Thus, cavitation and dry-run related failures can hinder the growth of the industrial pumps market.

Industrial Pumps Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Industrial Pumps. Major players in the Industrial Pumps Market include:

Grundfos (Denmark)
Xylem (US)
KSB (Germany)
Flowserve (US)
Sulzer (Switzerland)
Wilo (Germany)
Weir (UK)
ITT Corporation (US)
CIRCOR International (US)
Baker Hughes (A GE Company) (US)
Grundfos
Sulzer
Other companies

Recent Developments

In December 2021, Grundfos, among the world leaders in pumps and water solutions, launched its new generation of large CR pumps in India. Designed with world-class efficiency upgrades to provide customers with improved flow performance and pump pressure, the range of CR 185, 215, and 255 caters to a wide range of applications like water supply, water treatment, and almost all industrial solutions – including those for high-pressure, hot, dangerous, flammable, and aggressive liquids.
In November 2021, Sulzer launched the world’s biggest medium-consistency pump, the MCE93-400. The new MCETM pump size is Sulzer’s answer to the customers’ demand for bigger production rates in pulp mills.