According to a new market report published by Credence Research, Inc., “Industrial Pumps Market (By Application (Oil and Gas, Chemicals, Utilities (Water and wastewater), Building, Residential Construction, and Others (Food and Beverage, etc.)), By Product Type (Centrifugal Pumps, Positive Displacement Pumps, and Specialty Pumps)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global industrial pumps market is expected to expand at a compound annual growth rate of 5.2% during the forecast period 2016 – 2023.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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An industrial pump is a device used to transfer fluids (gases or liquids), or sometimes semi-liquid mixture by mechanical action. Infrastructure developments, especially in emerging economies of Asia Pacific and Rest of World have resulted in an increased construction spending and industrial output. This, in turn has propelled demand for industrial pumps. In addition, heightened investments made in wastewater treatment and drinking water facilities across the globe bode well for the overall market growth. Process manufacturing industries including chemicals and food and beverage are expected to offer healthy growth and investment opportunities for manufacturers during the forecast period 2016 – 2023.
The global industrial pumps market is characterized by the presence of large number of manufacturers and thus, is highly competitive. The intensifying competition among manufacturers has led to increased number of strategic partnerships, mergers, and acquisition by the established players. Inorganic expansion through mergers and acquisitions has helped established players to not only strengthen their product and service portfolios, but also geographical foothold. For instance, the acquisition of SIHI Group by Flowserve Corporation is in line with this strategy. The study identifies Flowserve Corporation, Suzler Ltd., KSB Pumps Ltd., Grundfos, and ITT Goulds Pumps as the leading industrial pumps manufacturers across the globe. Other manufacturers including Atlas Copco, ClydeUnion Pumps, Baker Hughes Incorporated, Busch LLC, Gardner Denver, Ebara Corporation, ULVAC Technologies, Inc., Pfeiffer Vacuum Technology AG, Halliburton Company, General Electric, Schlumberger Ltd, and Weir Group have been marked as promising and emerging players in the industrial pumps market.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Industrial Pumps contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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