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A recent report published by Infinium Global Research on pump and valves market provides an in-depth analysis of segments and sub-segments in global as well as regional pump and valves market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional pump and valves market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pump and valves market. According to the report, the global pump and valves market is projected to grow at a CAGR of 3.9% over the forecast period of 2018-2024.
Pumps and valves are an essential part of automation. Pumps are responsible for maintaining the flow rate and pressure of the fluids required in specific industries, whereas valves are responsible for maintaining the operational performance of a facility. When selecting a pump or valve the user must provide the supplier with details of the composition of the fluid to be handled including trace chemicals, the pH, the temperature, the solids content, and the flow rate. Nowadays most valve types can be made fire safe and are available in a range of common materials. Pumps have a wide area of application across many industries particularly heavy-duty process pumps that are used to transport products such as water, chemical, petroleum, wastewater, oil, slurry, sludge, and food.
Increasing use of pump and valves for transportation and on-going increasing drilling activities in the oil and gas industry are the factors driving the growth of the pumps and valves market. In addition, rising demand for usage of artificial lifts for economical production of oil from wells and use of pumps in water and wastewater transport and treatment through disposal is anticipated to boost the growth of the pump and valves market. However, a slowdown in the exploration activities owing to the decline in the oil prices are likely to restrain the growth of the pump and valves market during the forecast period. Furthermore, an increasing number of upcoming products for the transportation of oil and gas is projected to create lucrative growth opportunities for the key players in the pump and valves market. Among the geographies, the Middle East and Africa are likely to dominate the pump and valves market due to a number of upcoming oil exploration projects in this region. Moreover, Middle East Pumps and Valves Services presents an in-depth assessment of the pumps and valves services including enabling technologies. The increasing focus on energy-efficient equipment and the rising awareness is influencing the adoption of intelligent pumps is driving the growth in the Middle East regions.
The report on the global pump and valves market covers segments such as valve type, pump type, and industry verticals. On the basis of the valve type, the global pump and valves market is categorized into the needle valve, gate valve, ball valve, and check valve. On the basis of pump type, the global pump and valves market is categorized into centrifugal pumps and positive displacement pump. On the basis of industry verticals, the global pump and valves market is categorized into power generation, oil & gas, metal & mining, agriculture, building services, water & wastewater, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region.The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global pump and valves market such as Bentley Ltd, PERAR s.p.a, Sulzer Ltd, BuTech, FMC Technologies Inc, PetrolValves, Flowserve Corp., Cameron and Oliver Valves Ltd.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global pump and valves market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pump and valves market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the pump and valves market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the pump and valves market to understand the present and future trends in this market and formulate their strategies accordingly.
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