Process Pumps Market Analysis By Application (Chemical Processing, Oil and Gas Industry, Food and Beverage, Pharmaceuticals), and By Region Forecast to 2032
- Report ID: ME_0032260
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.9 |
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Process Pumps Market Analysis Report 2023-2032:
The Process Pumps Market is projected to witness substantial growth, with an estimated CAGR of 4.35% between 2022 and 2032. Over this period, the market size is forecasted to increase by USD 17,079.64 million. Several key factors are poised to drive this growth, including the expansion of industrial processes, the need for efficient fluid handling solutions, and the increasing demand for process optimization across various industries.
Process Pumps Market Overview:
Drivers:
One of the primary drivers of the Process Pumps Market is the growing demand for efficient fluid handling in industrial processes. Process pumps play a critical role in transferring liquids, chemicals, and gases in industries such as manufacturing, petrochemicals, pharmaceuticals, and food processing. As industries continue to evolve and expand, the need for reliable and energy-efficient process pumps becomes paramount to ensure seamless operations.
Additionally, the rising focus on sustainability and environmental regulations is driving the adoption of energy-efficient and eco-friendly process pumps. Manufacturers are increasingly incorporating innovative technologies to reduce energy consumption and minimize the environmental impact of fluid handling processes.
Trends:
A significant trend shaping the Process Pumps Market is the integration of smart and IoT-enabled features in process pump systems. The advent of Industry 4.0 and the Industrial Internet of Things (IIoT) has led to the development of smart pumps that can monitor, control, and optimize fluid handling processes in real-time. These smart pumps offer predictive maintenance capabilities, improving overall operational efficiency and reducing downtime.
Furthermore, the market is witnessing increased investments in research and development, leading to the introduction of advanced materials and designs that enhance the performance and longevity of process pumps. This trend caters to the growing demand for high-performance pumps in various industries.
Restraints:
One of the challenges facing the market is the cost associated with acquiring and maintaining high-quality process pumps. Industrial-grade process pumps are often customized to meet specific requirements, which can result in higher upfront costs. Additionally, the maintenance and servicing of complex pump systems can be expensive for industries, affecting their decision-making process.
Moreover, the process pump market faces competition from alternative technologies and solutions such as air-operated diaphragm pumps and centrifugal pumps. Industries may explore these alternatives to reduce costs, particularly in cases where specialized fluid handling requirements are not essential.
Process Pumps Market Segmentation By Application:
The market can be segmented based on application into the following categories:
- Chemical Processing
- Handling of Chemicals and Solvents
- Mixing and Blending Processes
- Chemical Transfer
- Oil and Gas Industry
- Upstream and Downstream Operations
- Refining and Petrochemical Processes
- Pipeline Transportation
- Food and Beverage
- Processing and Mixing of Food Products
- Beverage Production
- Cleaning and Sterilization Processes
- Pharmaceuticals
- Drug Manufacturing
- Fluid Transfer in Pharmaceutical Processes
- Sterilization and Cleaning
Each application category represents specific opportunities for the utilization of process pumps in various industrial processes.
Regional Overview:
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North America and Europe are expected to be key contributors to the growth of the global Process Pumps Market. These regions have well-established manufacturing and industrial sectors that require efficient fluid handling solutions. Additionally, stringent environmental regulations and the need for sustainable practices drive the adoption of energy-efficient process pumps.
Asia-Pacific (APAC) is also a significant market, with rapid industrialization and infrastructure development leading to increased demand for process pumps in industries such as chemicals, oil and gas, and manufacturing. Emerging economies in APAC are witnessing substantial growth in various industrial sectors, further boosting the market.
Process Pumps Market Customer Landscape:
The market report provides insights into the preferences and priorities of customers in various industries. It explores factors such as pump capacity, energy efficiency, maintenance requirements, and cost-effectiveness that influence customer decisions when selecting process pumps.
Who are the Major Process Pumps Market Companies?
Key players in the Process Pumps Market are actively engaged in product innovation and expansion to enhance their market presence. Some prominent companies in the market include:
- Grundfos Group
- Flowserve Corporation
- KSB Group
- Sulzer Ltd.
- ITT Inc.
- Ebara Corporation
- Wilo SE
- Xylem Inc.
- Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
These companies offer a wide range of process pumps designed to meet the specific needs of diverse industries, ensuring efficient fluid handling and operational reliability.
Segment Overview:
The market report provides comprehensive revenue forecasts at the global, regional, and country levels. It offers an in-depth analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- Chemical Processing
- Handling of Chemicals and Solvents
- Mixing and Blending Processes
- Chemical Transfer
- Oil and Gas Industry
- Upstream and Downstream Operations
- Refining and Petrochemical Processes
- Pipeline Transportation
- Food and Beverage
- Processing and Mixing of Food Products
- Beverage Production
- Cleaning and Sterilization Processes
- Pharmaceuticals
- Drug Manufacturing
- Fluid Transfer in Pharmaceutical Processes
- Sterilization and Cleaning
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of the Middle East & Africa
Table of Contents
Chapter 1 Process Pumps Market Overview
1.1 Process Pumps Definition
1.2 Global Process Pumps Market Size Status and Outlook (2013-2026)
1.3 Global Process Pumps Market Size Comparison by Region (2013-2026)
1.4 Global Process Pumps Market Size Comparison by Type (2013-2026)
1.5 Global Process Pumps Market Size Comparison by Application (2013-2026)
1.6 Global Process Pumps Market Size Comparison by Sales Channel (2013-2026)
1.7 Process Pumps Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Process Pumps Market Segment Analysis by Player
2.1 Global Process Pumps Sales and Market Share by Player (2016-2018)
2.2 Global Process Pumps Revenue and Market Share by Player (2016-2018)
2.3 Global Process Pumps Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Process Pumps Market Segment Analysis by Type
3.1 Global Process Pumps Market by Type
3.1.1 Axial Flow Pumps
3.1.2 Centrifugal Pumps
3.1.3 Multistage Pumps
3.1.4 Other
3.2 Global Process Pumps Sales and Market Share by Type (2013-2018)
3.3 Global Process Pumps Revenue and Market Share by Type (2013-2018)
3.4 Global Process Pumps Average Price by Type (2013-2018)
3.5 Leading Players of Process Pumps by Type in 2017
3.6 Conclusion of Segment by Type
Chapter 4 Process Pumps Market Segment Analysis by Application
4.1 Global Process Pumps Market by Application
4.1.1 Construction
4.1.2 Chemical Industry
4.1.3 Water Treatment
4.1.4 Food and Beverage Industry
4.1.5 Marine Applications
4.2 Global Process Pumps Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Process Pumps by Application in 2017
4.4 Conclusion of Segment by Application
Chapter 5 Process Pumps Market Segment Analysis by Sales Channel
5.1 Global Process Pumps Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Process Pumps Sales and Market Share by Sales Channel (2013-2018)
5.3 Leading Distributors/Dealers of Process Pumps by Sales Channel in 2017
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Process Pumps Market Segment Analysis by Region
6.1 Global Process Pumps Market Size and CAGR by Region (2013-2026)
6.2 Global Process Pumps Sales and Market Share by Region (2013-2018)
6.3 Global Process Pumps Revenue and Market Share by Region (2013-2018)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Process Pumps Market Share by Type
6.4.3 North America Process Pumps Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Process Pumps Market Share by Type
6.5.3 Europe Process Pumps Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Process Pumps Market Share by Type
6.6.3 Asia-Pacific Process Pumps Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Process Pumps Market Share by Type in 2017
6.7.3 South America Process Pumps Market Share by Application in 2017
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.7.7 Chile
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Process Pumps Market Share by Type
6.8.3 Middle East & Africa Process Pumps Market Share by Application
6.8.4 Egypt
6.8.5 Saudi Arabia
6.8.6 South Africa
6.8.7 Nigeria
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Process Pumps Players
7.1 KSB
7.1.1 Company Snapshot
7.1.2 Product/Business Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.1.4 Strategy and SWOT Analysis
7.2 General Electric
7.3 Ingersoll-Rand
7.4 ITT
7.5 Flowserve
7.6 Metso
7.7 Ebara
7.8 Saudi Pump
7.9 Grundfos
7.10 Danaher
7.11 SPX
7.12 Pentair
7.13 Danaher
7.14 Weir Group
Chapter 8 Upstream and Downstream Analysis of Process Pumps
8.1 Industrial Chain of Process Pumps
8.2 Upstream of Process Pumps
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.2.4 Manufacturing Cost Structure
8.2.5 Manufacturing Process
8.3 Downstream of Process Pumps
8.3.1 Leading Distributors/Dealers of Process Pumps
8.3.2 Leading Consumers of Process Pumps
Chapter 9 Development Trend of Process Pumps (2018-2026)
9.1 Global Process Pumps Market Size (Sales and Revenue) Forecast (2018-2026)
9.2 Global Process Pumps Market Size and CAGR Forecast by Region (2018-2026)
9.3 Global Process Pumps Market Size and CAGR Forecast by Type (2018-2026)
9.4 Global Process Pumps Market Size and CAGR Forecast by Application (2018-2026)
9.5 Global Process Pumps Market Size Forecast by Sales Channel (2018-2026)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Process Pumps Example
Figure Global Process Pumps Revenue (Million $) Status and Outlook (2013-2026)
Figure Global Process Pumps Revenue (Million $) Comparison by Region (2013-2026)
Figure Global Process Pumps Sales Comparison by Type (2013-2026)
Figure Global Process Pumps Sales Comparison by Application (2013-2026)
Figure Global Process Pumps Sales Comparison by Sales Channel (2013-2026)
Table Global Process Pumps Sales by Player (2016-2018)
Table Global Process Pumps Sales Market Share by Player (2016-2018)
Figure Global Process Pumps Sales Market Share by Player in 2017
Table Global Process Pumps Revenue (Million $) by Player (2016-2018)
Table Global Process Pumps Revenue Market Share by Player (2016-2018)
Figure Global Process Pumps Revenue Market Share by Player in 2017
Table Global Process Pumps Average Price by Player (2016-2018)
Figure Global Process Pumps Average Price by Player in 2017
Figure Global Process Pumps Players Competition Situation - Top 5 Players' Revenue Market Share in 2017
Figure Global Process Pumps Players Competition Trends - Top 5 Players' Revenue Market Share in 2018
Figure Example of Axial Flow Pumps
Figure Global Axial Flow Pumps Sales and Growth Rate (2013-2018)
Figure Example of Centrifugal Pumps
Figure Global Centrifugal Pumps Sales and Growth Rate (2013-2018)
Figure Example of Multistage Pumps
Figure Global Multistage Pumps Sales and Growth Rate (2013-2018)
Figure Example of Other
Figure Global Other Sales and Growth Rate (2013-2018)
Table Global Process Pumps Sales by Type (2013-2018)
Table Global Process Pumps Sales Market Share by Type (2013-2018)
Figure Global Process Pumps Sales Market Share by Type in 2017
Table Global Process Pumps Revenue (Million $) by Type (2013-2018)
Table Global Process Pumps Revenue Market Share by Type (2013-2018)
Figure Global Process Pumps Revenue Market Share by Type in 2017
Table Global Process Pumps Average Price by Type (2013-2018)
Figure Global Process Pumps Average Price by Type in 2017
Table Leading Players of Process Pumps by Type in 2017
Figure Example of Construction
Figure Global Process Pumps for Construction Sales and Growth Rate (2013-2018)
Figure Example of Chemical Industry
Figure Global Process Pumps for Chemical Industry Sales and Growth Rate (2013-2018)
Figure Example of Water Treatment
Figure Global Process Pumps for Water Treatment Sales and Growth Rate (2013-2018)
Figure Example of Food and Beverage Industry
Figure Global Process Pumps for Food and Beverage Industry Sales and Growth Rate (2013-2018)
Figure Example of Marine Applications
Figure Global Process Pumps for Marine Applications Sales and Growth Rate (2013-2018)
Table Global Process Pumps Sales by Application (2013-2018)
Table Global Process Pumps Sales Market Share by Application (2013-2018)
Figure Global Process Pumps Sales Market Share by Application in 2017
Table Leading Consumers of Process Pumps by Application in 2017
Figure Example of Direct Channel
Figure Global Process Pumps for Direct Channel Sales and Growth Rate (2013-2018)
Figure Example of Distribution Channel
Figure Global Process Pumps for Distribution Channel Sales and Growth Rate (2013-2018)
Table Global Process Pumps Sales by Sales Channel (2013-2018)
Table Global Process Pumps Sales Market Share by Sales Channel (2013-2018)
Figure Global Process Pumps Sales Market Share by Sales Channel in 2017
Table Leading Distributors/Dealers of Process Pumps by Sales Channel in 2017
Table Global Process Pumps Market Size and CAGR by Region (2013-2026)
Table Global Process Pumps Sales by Region (2013-2018)
Table Global Process Pumps Sales Market Share by Region (2013-2018)
Figure Global Process Pumps Sales Market Share by Region in 2017
Table Global Process Pumps Revenue (Million $) by Region (2013-2018)
Table Global Process Pumps Revenue Market Share by Region (2013-2018)
Figure Global Process Pumps Revenue Market Share by Region in 2017
Table North America Process Pumps Sales by Country (2013-2018)
Figure North America Process Pumps Sales Market Share by Country (2013-2018)
Table North America Process Pumps Revenue by Country (2013-2018)
Figure North America Process Pumps Revenue Market Share by Country (2013-2018)
Figure North America Process Pumps Sales Market Share by Type in 2017
Figure North America Process Pumps Sales Market Share by Application in 2017
Figure United States Process Pumps Sales and Growth Rate (2013-2018)
Figure United States Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Canada Process Pumps Sales and Growth Rate (2013-2018)
Figure Canada Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Mexico Process Pumps Sales and Growth Rate (2013-2018)
Figure Mexico Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Table Europe Process Pumps Sales by Country (2013-2018)
Figure Europe Process Pumps Sales Market Share by Country (2013-2018)
Table Europe Process Pumps Revenue by Country (2013-2018)
Figure Europe Process Pumps Revenue Market Share by Country (2013-2018)
Figure Europe Process Pumps Sales Market Share by Type in 2017
Figure Europe Process Pumps Sales Market Share by Application in 2017
Figure Germany Process Pumps Sales and Growth Rate (2013-2018)
Figure Germany Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure UK Process Pumps Sales and Growth Rate (2013-2018)
Figure UK Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure France Process Pumps Sales and Growth Rate (2013-2018)
Figure France Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Italy Process Pumps Sales and Growth Rate (2013-2018)
Figure Italy Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Russia Process Pumps Sales and Growth Rate (2013-2018)
Figure Russia Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Spain Process Pumps Sales and Growth Rate (2013-2018)
Figure Spain Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Table Asia-Pacific Process Pumps Sales by Country (2013-2018)
Figure Asia-Pacific Process Pumps Sales Market Share by Country (2013-2018)
Table Asia-Pacific Process Pumps Revenue by Country (2013-2018)
Figure Asia-Pacific Process Pumps Revenue Market Share by Country (2013-2018)
Figure Asia-Pacific Process Pumps Sales Market Share by Type in 2017
Figure Asia-Pacific Process Pumps Sales Market Share by Application in 2017
Figure China Process Pumps Sales and Growth Rate (2013-2018)
Figure China Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Japan Process Pumps Sales and Growth Rate (2013-2018)
Figure Japan Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Korea Process Pumps Sales and Growth Rate (2013-2018)
Figure Korea Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure India Process Pumps Sales and Growth Rate (2013-2018)
Figure India Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Southeast Asia Process Pumps Sales and Growth Rate (2013-2018)
Figure Southeast Asia Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Australia Process Pumps Sales and Growth Rate (2013-2018)
Figure Australia Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Table South America Process Pumps Sales by Country (2013-2018)
Figure South America Process Pumps Sales Market Share by Country (2013-2018)
Table South America Process Pumps Revenue by Country (2013-2018)
Figure South America Process Pumps Revenue Market Share by Country (2013-2018)
Figure South America Process Pumps Sales Market Share by Type in 2017
Figure South America Process Pumps Sales Market Share by Application in 2017
Figure Brazil Process Pumps Sales and Growth Rate (2013-2018)
Figure Brazil Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Argentina Process Pumps Sales and Growth Rate (2013-2018)
Figure Argentina Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Colombia Process Pumps Sales and Growth Rate (2013-2018)
Figure Colombia Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Chile Process Pumps Sales and Growth Rate (2013-2018)
Figure Chile Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Table Middle East & Africa Process Pumps Sales by Country (2013-2018)
Figure Middle East & Africa Process Pumps Sales Market Share by Country (2013-2018)
Table Middle East & Africa Process Pumps Revenue by Country (2013-2018)
Figure Middle East & Africa Process Pumps Revenue Market Share by Country (2013-2018)
Figure Middle East & Africa Process Pumps Sales Market Share by Type in 2017
Figure Middle East & Africa Process Pumps Sales Market Share by Application in 2017
Figure Egypt Process Pumps Sales and Growth Rate (2013-2018)
Figure Egypt Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Saudi Arabia Process Pumps Sales and Growth Rate (2013-2018)
Figure Saudi Arabia Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure South Africa Process Pumps Sales and Growth Rate (2013-2018)
Figure South Africa Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Figure Nigeria Process Pumps Sales and Growth Rate (2013-2018)
Figure Nigeria Process Pumps Revenue (Million $) and Growth Rate (2013-2018)
Table Company Snapshot of KSB
Table Process Pumps Introduction of KSB
Table Process Pumps Sales, Price, Revenue, Gross Margin and Market Share of KSB (2016-2018)
Table Industrial Chain of Process Pumps
Table Manufacturing Cost Structure of Process Pumps
Table General Manufacturing Process of Process Pumps
Table Leading Distributors/Dealers of Process Pumps
Table Leading Consumers of Process Pumps
Figure Global Process Pumps Sales and Growth Rate Forecast (2018-2026)
Figure Global Process Pumps Revenue and Growth Rate Forecast (2018-2026)
Table Global Process Pumps Market Size and CAGR Forecast by Region (2018-2026)
Table Global Process Pumps Market Size and CAGR Forecast by Type (2018-2026)
Table Global Process Pumps Market Size and CAGR Forecast by Application (2018-2026)
Table Global Process Pumps Market Size and CAGR Forecast by Sales Channel (2018-2026)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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