Heavy-duty pumps are mechanical devices that are used to transport fluids. These pumps have major applications in industries such as construction, mining, oil and gas, wastewater, pulp, pharmaceutical, and food and beverage. The major end-users of the market include oil and gas, processing, and other industries. The rise in investment in pumps by these end-user segments will propel the market growth. Governments worldwide are investing in infrastructural projects to cater to the needs of the growing population. The water resource management has gained focus across the world in the past decade. Countries are working toward better management of water resources to sustain the growing demand for water due to the rise in population.
Technavio’s analysts forecast the global heavy duty pumps market to grow at a CAGR of 3.86% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global heavy duty pumps market for 2017-2021. To calculate the market size, the report presents the list of key prominent vendors offering their products in the global market.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Heavy Duty Pumps Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • ALFA LAVAL • Baker Hughes • EBARA • Gardner Denver • General Electric • Ingersoll-Rand • Metso • The Weir Group
Market driver • Rise in infrastructural development and urbanization. • For a full, detailed list, view our report
Market challenge • Unpredictability in oil and gas prices. • For a full, detailed list, view our report
Market trend • Increase in demand from the food and beverage sector. • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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