For the global pumps industry as a whole, long-term growth will be determined by manufacturers’ and suppliers’ competitive pricing strategies and their preparedness for disruptive shocks from other countries,” said Frost & Sullivan Industrial Automation & Process Control Research Analyst Shilpa Mathur Ramachandran. “Compelling, fresh, and strategic perspectives on collaboration and consolidation will be necessary to drive long-term growth of larger market players in the high-growth markets.”
Expected market developments for 2017 include:
- Advanced design pumps with more electronic features that enable better system integration and system efficiency.
- Growth spurt in North America due to stabilizing oil prices that will bolster the pumps market.
- Sustained growth expectations from China to boost Asia-Pacific pumps revenues.
- Growing innovations in robotics for upstream processing applications and primary packaging that will bring new opportunities for pumps.
- Slightly faster growth for positive displacement (PD) revenues than centrifugal pumps; rising investments in biotechnology for wastewater treatment and booming fracking activities in the US will push demand for PD pumps, especially peristaltic and progressive cavity types.
- Potential for high-pressure and high-flow centrifugal pumps in industrial applications; single and multi-stage radial-flow pumps will be used extensively.
- Massive capital expenditure investments in specialty chemicals, will give competitive advantage to manufacturers offering a comprehensive package constituting flow control solution and automation technologies, along with diagnostic capabilities.
“Companies should focus on becoming solution providers rather than stand-alone equipment providers,” noted Ramachandran. “Offering a full end-to-end solution is an important competitive factor in the mass commercial pumps market. Suppliers need to work with their clients to understand problems and then provide customised solutions.”
