World Commercial Pumps Market Report 2019-2024 - Increasing Activities in the Oil & Gas Sector to Create New Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 2, 2019--
The “Commercial Pumps Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The commercial pumps market is expected to grow at a CAGR 5.75% during the forecast period 2019-2024.
Commercial pumps are the major machinery in any manufacturing and commercial operations. The commercial pumps market is highly dependent on irrigation, agriculture, construction, and oil and gas industries. These end-users have a continuous demand for the commercial pump equipment and consist major share of the market.
Increasing Activities in the Oil & Gas Sector to Create New Opportunities
North America to Be the Largest Market
The commercial pumps market is consolidated due to a major share of the market is occupied by top players. Moreover, due to fluctuating raw material cost and high set up cost, it is difficult for a new player to enter the market. Some of the key players in the market are Pentair Inc., Xylem Inc., Grundfos GmbH, Armstrong Fluid Technology, Franklin Electric, Patterson Pumps, Parker Hannifin Corp., IDEX Corporation, CG Power and Industrial Solutions Limited, among others.
April 2019 - Parker Hannifin Corporation, the global leader in motion and control technologies, announced that it has entered into a definitive agreement to acquire LORD Corporation for approximately $3.675 billion in cash. LORD, headquartered in Cary, North Carolina, is a privately-held company founded in 1924 offering a broad array of advanced adhesives, coatings and specialty materials as well as vibration and motion control technologies. LORD’s products are used in mission-critical applications in the aerospace, automotive and industrial markets. LORD has annual sales of approximately $1.1 billion and employs 3,100 team members across 17 manufacturing and 15 research and development facilities globally.
February 2018 - Xylem Inc. announced the acquisition of EmNet, LLC, a prominent US company known for its smart solutions that are specialized in systems for managing the urban water cycle and wastewater and stormwater. This acquisition is expected to expand Xylem’s growing portfolio of advanced infrastructure analytics solutions and capabilities.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Adoption Of Green Buildings
4.2.2 Potential Growth in Construction Activities
4.3 Market Restraints
4.3.1 High Cost of Energy-efficient Pumps
4.3.2 Fluctuations in the Price of Raw Materials
4.4 Market Opportunities
4.4.1 Increased Adoption of IoT Solutions
4.4.2 Increased Activity in Oil & Gas Industry
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Single Stage Pumps
5.1.2 Seal-less and Circulator Pumps
5.1.3 Multi Stage Pumps
5.1.4 Submersible Pumps
5.1.5 Other Types
5.2 By End-user
5.2.1 Agriculture and Irrigation
5.2.2 Oil & Gas Industry
5.2.4 Water Treatment
5.2.5 Mining Industry
5.2.6 Energy & Power Generation
5.2.7 Chemical Industry
5.2.8 Other End-users
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Pentair Inc.
6.1.2 Xylem Inc.
6.1.3 Grundfos GmbH
6.1.4 Armstrong Fluid Technology
6.1.5 Franklin Electric
6.1.6 Patterson Pumps
6.1.7 Parker Hannifin Corp.
6.1.8 IDEX Corporation
6.1.9 CG Power & Industrial Solutions Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/uynii0
View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005899/en/
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INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 12/02/2019 02:54 PM/DISC: 12/02/2019 02:54 PM