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Overview of the global heavy-duty pumps market

Technavio’s market research analyst predicts the global heavy-duty pumps market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the rapid expansion of crude oil pipelines in several regions across the globe. Pump stations are used for oil pumping operations, through pipelines, from one point to the other. These stations consist of components such as an electrical substation with electric motors facilitated by connecting pipes and valves and electrical equipment storage room. Also, pipelines are the safest and the most efficient mode to transport petroleum products. They can cover long distances on land, underground, or undersea. This mode is much safer and does not attract any environmental concerns. Also, it has been observed that the transportation of petroleum products through trucks and railcars significantly increases the number of vehicles on roads and air pollution. To curtail this rise in air pollution, crude oil pipelines are extremely helpful. This advantage coupled with the rise in the increasing consumption of crude oil is expected to propel the growth of the global heavy-duty pumps market during the forecast period.

One of the latest trends gaining traction in this market is the rise in the adoption of smart pumps. The next-generation automation will facilitate each component of a pumping system to have an internet protocol (IP) address. Also, this will enable effective communication via embedded intelligence. All the components, including the pump, pipes, control valves, the control system, and other instruments will be able to interact in the real-time, enabling overall optimized productivity. These enhancements in technology are expected to fuel the growth of the global heavy-duty pumps market in the coming years.

Competitive landscape and key vendors

The global heavy-duty pumps market is highly fragmented due to the presence of many small and medium-sized enterprises in developing countries such as India and China. These countries are supposed to be the most prominent markets for this industry. A majority of the vendors are competing in terms of factors such as quality, service, and repair and also new product launches such as pond pumps.

Leading vendors in the market are –

• Flowserve
• Grundfos
• ITT
• KSB
• Sulzer

Other prominent vendors in the heavy-duty pumps market include ALFA LAVAL, Baker Hughes, EBARA, Gardner Denver, General Electric, Ingersoll-Rand, Metso, and The Weir Group.

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Segmentation by end-users and analysis of the heavy-duty pumps market

• Processing industry
• Oil and gas industry

During 2016, the processing industry dominated the pond pumps market and accounted for a major part of the overall market share. The exponential rise of the chemical sector in the developing nations is the primary factor responsible for the growth of this segment in the heavy-duty pumps market.

Geographical segmentation and analysis of the heavy-duty pumps market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated APAC to dominate the heavy-duty pumps market during the forecast period. Factors such as the rise in population, urbanization, and gradual increase in the middle class, will contribute significantly to the growth of the heavy-duty pumps market in this region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global heavy-duty pumps market?
• What are the key market trends impacting the growth of the global heavy-duty pumps market?
• What are the challenges to market growth?
• Who are the key vendors in the global heavy-duty pumps market?
• What are the market opportunities and threats faced by the vendors in the global heavy-duty pumps market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global heavy-duty pumps market?

Technavio also offers customization on reports based on specific client requirement.

A heavy-duty pump is the one which is specially designed for heavy duties for handling liquids with low and high viscosities. The industrial pumps market is growing due to the increasing use in various applications such as chemicals and waste water treatment. This upcoming report by Technavio is an integral part of the heavy industry and provides dynamic information on fast-growing markets like engineering tools. Additionally, to help clients to register a strong edge over their competitors, Technavio presents crucial knowledge on the demand-supply shifts and also lists down all the leading vendors in the heavy industry sector.

To predict the heavy industry’s growth prospects, Technavio’s research experts team perform a blended research approach of quantitative and qualitative research techniques and also conduct an in-depth analysis of factors like technological advancements and products and services covering globally. This upcoming industry research report on the global heavy duty pumps market for the forecast period 2017-2021 provides insights procured from reliable sources of information such as manufacturers, suppliers and decision makers.

This upcoming research report on the global heavy duty pumps market considers the growth of the associated market such as construction dumper, which is expected to grow at a CAGR of above 6% by 2021. Technavio also provides tailored reports for clients to prove their presence in the heavy industry sector. This upcoming research report on the global heavy duty pumps market enlists the market drivers, evolving trends, and challenges faced by the heavy industry sector and presents an overview of unit operations and test and measurement.