美国工业泵市场规模,分享&趋势乐鱼体育手机网站入口nalysis Report By Product (Centrifugal, Positive Displacement), By Application (Oil & Gas, Chemicals), By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The U.S. industrial pump market size was estimated at USD 7.62 billion in 2019. It is expected to expand at a compounded annual growth rate (CAGR) of 1.7% from 2020 to 2027. The rise in crude oil production in the U.S. in both offshore and onshore oil fields is anticipated to propel the product demand in the country. Moreover, technological advancements in industrial pump manufacturing are likely to fuel market growth over the forecast period. High demand from the end-user industries due to increased productivity is expected to augment the demand forindustrial pumps. The demand for industrial pumps is on the rise on account of its varied use in applications such as water and wastewater, construction, oil and gas, power, and chemical. This, in turn, has led to increased spending by industrial pump manufacturers to provide value-added benefits to consumers.

价格波动的产业的组成部分ial pumps on account of high demand from end-user industries is anticipated to affect the capital investments over the forecast period. Rising investments by major players to develop low-cost manufacturing processes and to develop advanced technology that focuses on higher productivity is expected to augment market growth over the coming years.

The advancements in pump technology have resulted in enhancing the basic process tasks, increasing the reliability of the pumps, and providing a long-term reduction in day-to-day operating processes. Moreover, technological advancements have further resulted in enhanced pump performance, reliability, and reduced energy consumption. These advanced pumps are mostly used in industries such as industrial wastewater, paper and pulp, and food.

The growing competition among industrial pump manufacturers to differentiate has led to the innovation and development of technologies depending on the end-use requirement. However, the stringent safety regulations, as specified by Title III of the Energy Policy and Conservation Act, as amended, 42 U.S.C. 6311-6317 for the manufacturing of pumps and the ability to meet the criteria are likely to pose a challenge to the market growth over the coming years.

In the wake of COVID-19 and collapse in crude oil prices, the U.S. and global chemicals investment wave is expected to slow down considerably in the years ahead. In 2020, investments, which are in the early stages of development and new construction of chemical projects, have already foreseen delays as the COVID-19 situation intensifies the uncertainty in the market. This is anticipated to hinder the market growth over the next few months.

Product Insights

Centrifugal pump led the market and accounted for 70.8% of the revenue share in 2019. A centrifugal pump is a mechanical device used to move fluid. It functions by transferring rotating energy from one or more impellers (driven rotors). These pumps use centrifugal force for casting out the fluid through impellers’ vane tips. The impeller helps increase the pressure and velocity of the fluid and directs it towards the outlet.

Centrifugal pumps are used for higher flows, and hence, it is extensively used in the chemical industry. These are preferred for high capacity and low-pressure pumping applications of liquids with viscosities ranging between 0.1 and 200 CP. Major applications of centrifugal pumps include draining of mines, pits, and construction sites, handling wastewater, HVAC, and mining.

The positive displacement pump product segment is anticipated to witness a CAGR of 1.6% from 2020 to 2027. Positive displacement pumps transfer the fluid mechanically by repeatedly enclosing a fixed volume with the help of seals or valves. The pump’s action is cyclic, which is driven by screws, lobes, diaphragms, vanes, or gears. These are preferred in the oil & gas industry mainly because of the limitations of the centrifugal pumps.

The increase in the replacement of the existing old pumps with newer & more energy-efficient ones is expected to increase the demand for reciprocating pumps in the U.S. Owing to the lack of skilled maintenance personnel, end-users prefer to replace the whole pump rather than individual parts to save labor. With a significant number of pumps reaching the end of their life, retrofits will drive the demand for reciprocating pumps.

Application Insights

石油天然气领导市场,占24.0%f the revenue share in 2019. The increasing demand for crude oil to facilitate production centers, domestic transports, and overseas logistics is expected to heighten the offshore and onshore exploration activities in the country in the coming years. The trends mentioned above are expected to promote the requirement of industrial pumps that are capable of handling subsea pressures and provide utility functions.

Increasing demand for organic food products, convenience, packaged food items, ready-to-drink (RTD) beverages, and other related segments, is anticipated to drive the overall food & beverage market, which, in turn, is expected to have a positive impact on the overall industrial pump market growth. The use of centrifugal pumps, metering pumps, process pumps, and others is highest in the food and beverage industry in the country.

The demand for industrial pumps in the chemical sector is likely to expand at a CAGR of 1.3% over the forecast period. The replacement of existing pumps to cope up with production capacities in mining and chemical aggregated states such as Texas, New Mexico, Wyoming, and others are expected to propel the requirement of industrial pumps. Moreover, the requirement of chemicals is projected to propel in the coming years, which, in turn, is expected to drive the market growth.

The demand for industrial pumps in the water and wastewater treatment application segment is expected to grow owing to the urbanization, population growth, and rise in manufacturing activities in the different states of the U.S. Growing requirements of centrifugal pumps on account of its properties such as excellent capability of raising pressure inside pump casing, high flow rate deliverability and high transmission velocity is expected to promote the product’s importance.

Regional Insights

Texas dominated the market and accounted for a 17.6% revenue share in 2019. Oil and gas, food and beverage, power, and construction are a few of the largest industries in Texas. The growth of the Texas industrial pump market is mainly attributable to the oil and gas industry, as Texas is a leading crude oil-producing state, with more than two-fifth of the U.S. crude oil proved reserves, and it also leads in offshore production.

Colorado is a richly endowed state with the presence of power, construction, food and beverage, oil and gas, and other industries. High demand for oil and the use of pipelines and equipment to transfer crude oil to the required destination is expected to widen the scope for industrial pumps in the state. Moreover, rising investments in the state by prominent chemical companies are anticipated to boost the demand for industrial pumps over the forecast period.

The demand for industrial pumps in Hawaii is likely to progress at an estimated CAGR of 2.0% over the forecast period. Growing demand for industrial pumps in the state can be attributed to the extensive water and wastewater treatment applications, which acts as a mainstream process in domestic as well as in industrial processes. Moreover, rising demand for clean water owing to the rise in tourist footfall is expected to increase the need for the pumping system equipment.

The presence of giant oil and gas companies in California, such as Chevron, and Sempra Energy has created a high demand for all types of pumps and pumping equipment such as centrifugal pumps, reciprocating plunger pumps, progressive cavity pumps, positive displacement pump, gear pumps, and others. Oil and gas is a major end-user of the market, and California is one of the leading states in the U.S. in terms of both crude oil production and refinery capacity.

Key Companies & Market Share Insights

The U.S. industrial pump market is highly competitive, owing to the presence of a large number of industrial pump manufacturers in the region. An increase in industrial applications such as slurry, wastewater, water, chemicals, oil and gas, and others have become a major factor driving the growth. The market is moving toward fragmentation owing to the presence of a large number of global and regional players. Ongoing research and development activities in the industrial pump market have paved the way for growth and expansion opportunities for market players, which, in turn, are projected to influence the overall market positively. Some prominent players in the U.S. industrial pump market include:

• 加德纳丹佛

• Grundfos

• Flowserve Corporation

• Xylem

• ITT INC.

• SPX Flow

• Sulzer Ltd.

• EBARA International Corporation

• Iwaki America Inc.

• Franklin Electric

U.S. Industrial Pumps Market Report Scope

Report Attribute	Details
Market size value in 2020	USD 6.33 billion
Revenue forecast in 2027	USD 8.74 billion
Growth Rate	CAGR of 1.7% from 2020 to 2027
Base year for estimation	2019
Historical data	2016 - 2018
Forecast period	2020 - 2027
Quantitative units	Revenue in USD million and CAGR from 2020 to 2027
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product, application, states
Country scope	U.S.
Regional Scope	Washington; Oregon; California; Idaho; Montana; Arizona; Hawaii; Alaska; Utah; Colorado; Nevada; New Mexico; Texas; Wyoming
Key companies profiled	加德纳丹佛; Grundfos; Flowserve Corporation; Xylem; ITT INC.; SPX Flow; Sulzer Ltd.; EBARA International Corporation; Iwaki America Inc.; Franklin Electric
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail of customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at country and state levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Grand View Research has segmented the U.S. industrial pump market based on product, application, and states:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Centrifugal Pumps

    • Horizontal End Suction

    • Self-Priming

    • Vertical

    • Vertical Turbine

    • Submersible

  • Positive Displacement Pumps

    • Reciprocating

    • Rotary

      • Vane

      • Screw

      • Progressive Cavity

      • Lobe

      • Gear

    • Diaphragm

• Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Oil & Gas

  • Chemicals

  • Construction

  • Power

  • Water & Wastewater

  • Food & Beverage

  • Others

• Regional Outlook (Revenue, USD Million; 2016 - 2027)

  • Washington

  • Oregon

  • California

  • Idaho

  • Montana

  • Arizona

  • 夏威夷

  • Alaska

  • Utah

  • Colorado

  • Nevada

  • New Mexico

  • Texas

  • Wyoming