New York, NY -- (SBWIRE) -- 10/24/2018 -- The latest report on the Industrial Pumps market closely surveys, examines and offers vital statistics on the Industrial Pumps market for the forecast period 2018 - 2025. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.

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The major players covered in this report are KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Grundfos, The Weir Group Plc., WILO SE, Xylem Inc., Ruhrpumpen Group, and Kirloskar Brothers Ltd, ITT Corp., Sulzer Ltd., EBaker Hughes Inc., Schlumberger Ltd. and Clyde Union Inc
Competitive Insight

The Weir Group has reported a 36% increase in operating profit and a 53% increase In revenue from new products. The Kirloskar Brothers have shown a similar growth in revenue by seeing a 3 million USD increase in its profit in 2016-2017 from only 300,000 USD in 2015-2016.
Digitization and energy efficiency lead the charge in innovation. This can be seen in Xylem's Flygt brand which is the world's first wastewater pumping system with integrated intelligence. This type of pump simplifies pumping, cleaning and maintenance, while reducing energy use with optimal performance based on real-time conditions.

Product insight
- Reciprocating pumps: are positive displacement pumps, where they displace the fluid particles at high pressures. Usually they are used in high pressure requirement applications where pressure is a priority compared to quantity. Reciprocating pumps are used in all injection-based applications, such as: fuel injection in engines, medicine industry applications, and some water pumping applications. They are valued at USD 2.6 billion.
- Rotary pumps: pumps are positive-displacement pump. In each revolution of the pump, a fixed volume of fluid is moved regardless of the resistance against which the pump is pushing. They are used as hydraulic pumps in automobiles, soft drink and coffee dispensers and chemical vapor deposition systems. They are valued at USD 2.2 billion.
Measuring and dispensing pumps are primarily used in petrol filling stations and have a market value of almost USD 850 billion. Domestic and other pumps Is used mostly by general industries and has a market value of 2 billion USD.
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Application and Region insight:
The demand for Industrial Pumps in the agricultural sector is likely to witness an increase in both Asia-Pacific and Africa, which can be attributed to China's massive investment of USD 26 billion in various countries in Southeast Asia and Africa, alongside India's USD 7 billion investment in the Micro Irrigation Fund which has the ambitious plan of bringing 140 million hectares of agricultural land under irrigation, in addition to the current 82.6 million hectares under irrigation.
China has levied tariffs on agricultural products and food such as cherries, pork, wine and apples produced in the USA, in a retaliatory measure to the recent administration's decision to levy heavier tariffs on Chinese goods. As China is the third largest importer of agricultural goods in the world at 56.3 billion USD, the production of agricultural products in the United States is predicted to decrease, and thus may put some pressure on the demand for agricultural pumps.

On the other hand, there has been a steady increase in economic growth of the petroleum industry in the United States as Domestic crude oil prices averaged US$66.25/bbl in April, up by 5.6% from March and 29.7% vs April 2017 and consumer demand for gasoline was up by 1.3% from March and 1.1% vs April 2017. Furthermore, the first four months of the year achieved the 2nd year-to-date demand (9.1 million bpd) on record. As the largest number of oil rigs were commissioned in this year since 2018 i, it can be assumed that it translates to an increase in the demand for industrial pumps in the petroleum industry in the United States.
East Africa is experiencing a rapid growth in it's petroleum industry as well. Kenya has signed a 2 billion USD contract with the Britain's Wood Group for a pipeline and claim they 70,000 barrels of crude oil ready for export. Tanzania and Uganda have agreed to fast track their plans of the $3.5 Billion East Africa Crude Oil Project. As both of these pipeline projects are have an expected completion date of 2021-2022, there is a forecasted rise in demand for petroleum pumps in that part of Africa.

Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.

In-Depth research report on Industrial Pumps market at: https://www.reportsanddata.com/report-detail/industrial-pumps-market

Geographically, this report studies the top producers and consumers in these key regions:
- North America
- Europe
- China
- Japan
- Other Regions (India, Southeast Asia, Central & South America and Middle East & Africa)

We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Key elements from table of content:
Chapter 8.
Company Profiles
8.1. KSB
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Strategic initiatives
8.2. ITT Corporation
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Strategic initiatives
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