Global Pumps and Valves Market size was valued US$ xxBn in 2019 and the total revenue is expected to grow at 4.5% through 2020 to 2027, reaching US$ xx Bn.
Global Pumps and Valves Market
The report has covered region wise market trends with competitive landscape. The report has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Pumps and valves are a primary part of automation. Pumps are utilizing to maintain the flow rate and pressure of the fluids in specific industries, and valves are responsible for maintaining the operational performance of a facility.The growing exploration activities in the oil and gas sector have increased the need for the transportation and refining of oil and gas, resulting in a boost for the demand for pump and valves across the world.
The rising energy consumption, increasing focus on renewable energy, continuous demand from the end-use industry and investment in R&D activities are likely to fuel the market growth. However, the market was highly competitive due to the presence of several large players that restraint the market growth at the global level. Upcoming exploration and production (E&P) projects are creating lucrative growth opportunities for the global pumps and valves market in the near future.
Based on the form type, the oil and gas segment has led the pumps and valves market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. The growing demand for oil and gas in developing countries that has resulted in to increase the exploration activities is expected to be one of the primary reasons for the segment growth in the market.The oil and gas industry utilizes around 120 different types of pumps and valves. Among those, 65% are utilized in oil and gas E&P applications, and another 25% are used in maintenance and service applications.
Geographically, Asia Pacific held the prominent market share of xx% in 2019 and is expected to reach US$ xxMn by the end of 2027, with a CAGR of xx%. China, Japan, and India are the leading contributor to regional market growth owing to significant investments in upstream oil & gas activities in these emerging economies. Among these, China accounted for the largest regional market share of xx% in 2019, and India is likely to the fastest-growing market in the region in the coming years. Increasing investment in research and development activities for the introduction of an innovative valves and pumps are projected to accelerate the market growth in the region.
In terms of value, North America is expected to grow at a CAGR of xx% in the forecast period thanks to the rapid growth in several end user industries. Developed countries such as the US and Canada are the prominent contributor to regional market growth. Among these, the US held the dominant market share of xx% in 2019 because of the Growth in the mining and chemicals industries.
The objective of the report is to present a comprehensive analysis of the Global Pumps and Valves Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Pumps and Valves Market dynamics, structure by analyzing the market segments and project the GlobalPumps and Valves Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Pumps and Valves Market make the report investor’s guide.
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Scope of the Global Pumps and Valves Market:
Global Pumps and Valves Market, by Valve Type:
• Ball Valve
• Check Valve
• Gate Valve
• Needle Valve
Global Pumps and Valves Market, by Pump Type:
• Centrifugal Pumps
• Positive Displacement Pumps
Global Pumps and Valves Market, by Industrial Vertical:
• Building Services
• Metal and Mining
• Oil and Gas
• Power Generation
Global Pumps and Valves Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Pumps and Valves Market, Major Players:
• Lewis- Goetz
• North American Hydraulics
• The Weir Group PLC
• Alfa Laval
• Flowserve Corp.
• LEWA GmbH
• SSP Pumps
• DAFRAM S.p.A.
• Oliver Valves Ltd.
• Cornell Pump Co.
• FMC Technologies Inc.
• Sulzer Ltd
• PERAR S.p.A
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