Worldwide Pumps Market 2019-2025 Forecasts: USD 91000 Million | GMI

Selbyville, Delaware, May 03, 2019 (GLOBE NEWSWIRE) --

Non-submersible pumps market crossed USD 46 billion in 2018 and will grow by over 2% CAGR during the forecast period owing to rapid industrialization in Asia Pacific. Based on position, in 2018, pumps market was led by non-submersible segment, valued at over USD 46 billion and growing at more than 2% CAGR during the forecast period.

In 2018, portable pumps market value crossed USD 13 billion and is expected to grow at a CAGR of 2.6% during 2019–2025. Portable pumps, comparatively smaller in size, find usage in emergency applications such as fire brigade and other industrial applications such as industrial dewatering.  Based on operational technology involved, centrifugal pumps led the global pumps market size in 2018, with more than USD 53 billion worth and growing at a CAGR of close to 2% over the forecast timeframe.

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According to Global Market Insights, Inc. pumps market size will surpass USD 91 billion by 2025. Oil & gas industry is also a major influencer behind escalating global pumps market as pumps are the key equipment used in upstream and midstream operations to accelerate transfer of fluid from one location to other. Oil pumps are used to lift fluid out of an oil well when there is not enough ground pressure to force the oil on the surface. These are used mainly in onshore areas where oil is in abundant but the ground needs external force to release it.

Stationary pumps are widely accepted having a market share of around 75% in 2025 owing to its strong presence in oil & gas industry as well as in concrete applications. On the other hand, increasing fire accidents at manufacturing industries and at residential and commercial areas is the main reason contributing towards growth of portable pumps worldwide.

Asia pacific is the strongest market among all for pumps industry accounting for a market share of close to 52% in 2018, as the region comprises of several local as well as medium scale enterprises engaged in the business of manufacturing and selling different types and their equipment. Furthermore, the region has been experiencing a tremendous growth in its industrial sector which in turn is triggering the demand for pumps in agricultural, food, chemical, pharmaceutical and in other application areas.

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Pumps market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2014 to 2025, for the following segments:

Pumps Market By Type

• Portable
• Stationary

Pumps Industry By Position

• Submersible
• Non-submersible

Pumps Market By Driving Force

• Engine driven
• Electrical driven

Analysis By Technology

• Centrifugal
• Diaphragm
• Others

Pumps Industry By Application

• Mining
• Building & Construction
• Oil & Gas
• Industrial
• Municipal
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Browse key industry insights spread across 264 pages with 336 market data tables & 23 figures & charts from the report, “Pumps Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/pumps-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.