A pump is a common mechanical device that can be powered by a variety of sources, including manual work, electricity, engines, and even renewable energy sources like wind power. These energy sources can range in size from a tiny microscope for medical applications to big industrial pumps in waterworks, or from the transmission of machine tool coolant to ordinary-sized industrial pumps. In an industrial setting, industrial pumps are used to transport fluid. There are a variety of industrial pump designs to meet the needs of a variety of diverse industrial applications.
In 2018, the global industrial pumps market size was USD 59,207.1 million. By 2026, it is expected to register a CAGR of 5.9%, taking the market size to USD 93,621.5 million. Industrial pumps are becoming more widely used in a variety of industries, including water and wastewater, chemical, oil and gas, and power generation, which is likely to boost market growth. Increased urbanisation and infrastructure development, as well as high crude oil prices, rising energy efficiency through the use of pumps, rising FDI in emerging countries, an increase in the number of water and waste treatment plants, and technological advancements by market leaders, are expected to boost market growth. However, fierce competition from low-cost producers may have a negative impact on demand from the target market. To boost the growth of the industrial pumps sector, market participants are embracing new strategies such as business expansions, acquisitions, and other strategies. For instance, Atlas Copco acquired Canada based CPC Pumps International Inc. in August 2021. The company which specializes in design, manufacturing, and servicing of custom-engineered centrifugal pumps generate USD 45 million in 2020.
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Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland) among others.
Types of Pumps:
Pumps are traditionally classified into three categories based on how they move and transfer fluid. Direct lift, displacement, and gravity methods are the three different ways to move fluid. In other words, there are three types of pumps: direct lift, displacement, and gravity.
Pumps are typically operated by reciprocating or rotating mechanisms in mechanical structures, which consume energy to accomplish mechanical work and transfer fluids or gases. Industrial pumps can be produced using any of these mechanisms, depending on the needs of the job.
Mechanical industrial pumps can be submerged in the fluid they pump or situated outside of it in terms of location. According to the displacement method, the pump can be classified as positive displacement pumps, impulse pumps, velocity pumps, gravity pumps, steam pumps, and valve-less pumps. Furthermore, positive displacement and centrifugal pumps are the two most used types of pumps.
In industrial applications, centrifugal pumps are frequently utilised. A rotating impeller is used in these pumps to accelerate and increase the pressure of a fluid. Slurry pumps, chopper pumps, sewage pumps, vertical turbine pumps, axial flow pumps, are commonly used types of industrial centrifugal pumps.
Download Report Summary Industrial Pumps Market Trends
- Small Capacity Pumps
- Medium Capacity Pumps
- High Capacity Pumps
- Rotary Pumps
- Diaphragm Pumps
- Centrifugal Pumps
- Reciprocating Pumps
End Users Outlook
- Oil & Gas
- Water and wastewater
- Power Generation
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