[Latest] Global Specialty Pumps Market Size/Share Worth USD

Austin, TX, USA, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Specialty Pumps Market Size, Trends and Insights By Type (Centrifugal, Reciprocating, Rotary, Diaphragm), By Application (Oil & Gas, Chemicals, Power, Water & Wastewater), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Specialty Pumps Market size & share was valued at approximately USD 4.2 Billion in 2022 and is expected to reach USD 4.3 Billion in 2023 and is expected to reach a value of around USD 6.1 Billion by 2032, at a compound annual growth rate (CAGR) of about 4.9% during the forecast period 2023 to 2032.”

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Specialty Pumps Market: Growth Factors and Dynamics

Increasing Industrial Applications: Specialty pumps find extensive use in various industrial applications, including chemical processing, pharmaceuticals, water treatment, and oil & gas. The continuous expansion of industrial sectors worldwide drives the demand for these pumps, boosting market growth.

Technological Advancements: Ongoing innovations in pump design, materials, and efficiency have resulted in more reliable and high-performance specialty pumps. Customers seek advanced solutions that offer better process control, energy savings, and reduced maintenance costs, positively impacting the market.

Growing Environmental Concerns: The need for environmentally friendly solutions has led to a rise in demand for specialty pumps with better energy efficiency and lower carbon footprints. Industries are increasingly adopting eco-friendly pumps to align with sustainability goals, driving market growth.

Expanding Healthcare Sector: Specialty pumps play a vital role in the healthcare industry for precise fluid delivery in medical devices and pharmaceutical processes. The growing healthcare sector, particularly the demand for innovative medical technologies, contributes to market expansion.

Water Scarcity and Wastewater Management: The global focus on water scarcity and wastewater treatment necessitates the use of specialized pumps for efficient water management. Specialty pumps are employed in desalination, sewage treatment, and water recycling systems, creating opportunities for market growth.

Increased Oil and Gas Exploration: The expansion of oil and gas exploration activities requires reliable pumps for handling challenging fluids and harsh environments. Specialty pumps, designed for specific oilfield applications, are essential for efficient operations, further driving the market’s growth.

Automation and Industry 4.0: The integration of automation and Industry 4.0 concepts is influencing the specialty pumps market. Smart pumps equipped with sensors, control systems, and connectivity features enable remote monitoring, predictive maintenance, and real-time data analytics.

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Specialty Pumps Market: Partnership and Acquisitions

Pentair’s Acquisition of Ken’s Beverage, Inc.: In 2021, Pentair, a diversified industrial company, acquired Ken’s Beverage, Inc., a provider of beverage equipment and specialty pumps for the food service industry. This acquisition allowed Pentair to expand its product portfolio and strengthen its position in the specialty pumps market, catering to the unique needs of the food and beverage sector.

Xylem’s Acquisition of Pure Technologies: In 2018, Xylem acquired Pure Technologies, a company specializing in pipeline inspection and monitoring technologies. This acquisition expanded Xylem’s portfolio of water management solutions, incorporating advanced technologies for pipeline assessment and monitoring to enhance pump system performance.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 4.3 Billion
Projected Market Size in 2032	USD 6.1 Billion
Market Size in 2022	USD 4.2 Billion
CAGR Growth Rate	4.9% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Specialty Pumps report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Specialty Pumps report has been modified to include the COVID-19 impact study prior to delivery.)

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Specialty Pumps Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Specialty Pumps Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

Supply Chain Disruptions: The specialty pumps market experienced supply chain disruptions during the pandemic due to factory closures, transportation restrictions, and shortages of raw materials and components. These challenges led to delays in the manufacturing and delivery of pumps, affecting market operations.

Reduced Industrial Activities: The global economic slowdown and lockdown measures resulted in reduced industrial activities, affecting demand for specialty pumps across various sectors. Industries like oil & gas, manufacturing, and construction scaled back their operations, leading to decreased demand for new pumps and replacement parts.

Revival of Industrial Activities: As economies recover from the pandemic, industrial activities are expected to rebound, leading to increased demand for specialty pumps across sectors. Industries resuming their operations will drive the need for new pumps and replacements, fostering market recovery.

Focus on Resilient Supply Chains: Companies are prioritizing the establishment of resilient supply chains to avoid future disruptions. Diversification of suppliers, localized manufacturing, and inventory management strategies will enhance the availability of specialty pumps and support a smoother recovery.

Adoption of Digitalization: The pandemic accelerated the adoption of digital technologies. Specialty pump manufacturers are embracing digitalization to enhance remote monitoring, predictive maintenance, and automation capabilities. These innovations will improve pump performance, increase efficiency, and meet the demand for smarter pumping solutions.

Shift Towards Sustainable Solutions: Post-COVID, there is a growing emphasis on sustainability and environmental responsibility. Specialty pump manufacturers are developing eco-friendly and energy-efficient solutions to align with customer preferences and meet stringent environmental regulations, driving market recovery through eco-conscious applications.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Specialty Pumps Market, with some challenges and opportunities arising from the pandemic. Manufacturers and retailers need to remain agile and adapt to the changing market conditions to overcome these challenges and capitalize on new growth opportunities.

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Key questions answered in this report:

What is the size of the Specialty Pumps market and what is its expected growth rate?
What are the primary driving factors that push the Specialty Pumps market forward?
What are the Specialty Pumps Industry's top companies?
What are the different categories that the Specialty Pumps Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Specialty Pumps market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Specialty Pumps Market:

Grundfos Holding A/S
Xylem Inc.
Flowserve Corporation
Sulzer Ltd.
The Weir Group PLC
KSB SE & Co. KGaA
Ebara Corporation
IDEX Corporation
Wilo SE
Tsurumi Manufacturing Co. Ltd.
Others

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Specialty Pumps Market – Regional Analysis

The Specialty Pumps Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: In North America, the specialty pumps market is witnessing a growing demand for smart pumps with advanced automation and connectivity features. IoT-enabled pumps are becoming increasingly popular, enabling real-time monitoring and predictive maintenance. There is a rising focus on energy-efficient and sustainable pump solutions, driven by environmental regulations and industry initiatives to reduce carbon footprint. Some of the key players dominating the specialty pumps market in North America include Xylem Inc., Flowserve Corporation, and IDEX Corporation. These companies have a strong presence in the region and offer a wide range of specialty pump solutions for various industries.

Europe: In Europe, the specialty pumps market is experiencing a trend towards digitization and the integration of Industry 4.0 concepts. Manufacturers are developing smart pumps with data analytics capabilities, enhancing pump performance, and optimizing energy consumption. Eco-friendly and energy-efficient pump solutions are gaining traction in Europe, as the region places a significant emphasis on sustainability and environmental protection. Prominent players dominating the specialty pumps market in Europe include Grundfos Holding A/S, KSB SE & Co. KGaA, and Wilo SE. These companies have established themselves as leading pump manufacturers in Europe, offering innovative and sustainable pump solutions.

Asia-Pacific: The Asia-Pacific region is experiencing an increasing uptake of specialty pumps in diverse industrial applications, fuelled by rapid industrialization and urban development. Additionally, the market is witnessing a notable rise in demand for specialty pumps utilized in water management applications. With water scarcity challenges prevalent in the region, there is a strong focus on conserving water resources, leading to a growing demand for pumps designed to address water management and distribution needs. The Asia-Pacific specialty pumps market is dominated by companies like Ebara Corporation, Tsurumi Manufacturing Co., Ltd., and Weir Group PLC. These companies have a strong presence in the region and offer a wide range of pumps catering to diverse applications.

LAMEA (Latin America, Middle East, and Africa): In LAMEA, the specialty pumps market is seeing increased demand for pumps used in the oil & gas sector, particularly for oilfield exploration and production applications. The region is witnessing a rising focus on specialty pumps for wastewater treatment and water distribution systems to address water scarcity and environmental concerns. In the LAMEA region, dominant players in the specialty pumps market include Sulzer Ltd., Tsurumi Manufacturing Co., Ltd., and Grundfos Holding A/S. These companies have a significant market presence and offer specialized pump solutions for various industries in the region.

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The Specialty Pumps Market is segmented as follows:

By Type

Centrifugal
Reciprocating
Rotary
Diaphragm

By Application

Oil & Gas
Chemicals
Power
Water & Wastewater

Click Here to Get a Free Sample Report of the Global Specialty Pumps Market @ https://www.custommarketinsights.com/report/specialty-pumps-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Specialty Pumps Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Specialty Pumps Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Specialty Pumps Market? What Was the Capacity, Production Value, Cost and PROFIT of the Specialty Pumps Market?
What Is the Current Market Status of the Specialty Pumps Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Specialty Pumps Market by Considering Applications and Types?
What Are Projections of the Global Specialty Pumps Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Specialty Pumps Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Specialty Pumps Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Specialty Pumps Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Specialty Pumps Industry?

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Reasons to Purchase Specialty Pumps Market Report

Specialty Pumps Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Specialty Pumps Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Specialty Pumps Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Specialty Pumps Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Specialty Pumps market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Specialty Pumps market analysis.

The competitive environment of current and potential participants in the Specialty Pumps market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Specialty Pumps market should find this report useful. The research will be useful to all market participants in the Specialty Pumps industry.
Managers in the Specialty Pumps sector are interested in publishing up-to-date and projected data about the worldwide Specialty Pumps market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Specialty Pumps products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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