Pump Market to Exceed $48 Billion/Yr by 2019


Sales of industrial and municipal pumps will exceed $48 billion per year by 2019.

Pump Market to Exceed $48 Billion/Yr by 2019

McIllvaine Company

The growth will be driven by East Asia where sales will be over $18 billion in 2019. Among the major purchasers will be municipalities. East Asia is constructing a large number of drinking water and waste treatment systems. Pumps are used in transport to and from the plants and also for all the purification processes in the plants.

Construction of new coal-fired plants in East Asia will also be substantial. Japan is joining China as a constructor of new coal-fired plants. This is due to the shutdown of nuclear power plants and the high price on natural gas which is delivered as LNG.

Other major purchasers will be the chemical industry, pulp and paper mills, and the iron and steel industry. Special sanitary pumps will be purchased by food and pharmaceutical companies. The construction of many plants to make generic drugs will impact the market. High purity pumps will also be needed for the ultrapure water used to wash semiconductor chips. Taiwan, Korea, China and Japan account for a large percentage of semiconductor manufacturing. This percentage will grow over the next six years.

The oil and gas industry and refineries represent a growth area worldwide. The U.S. will be a major purchaser in 2019 due to its continuing hydro fracturing activities as well as offshore extraction. Refining and gas processing will be significant markets in the Middle East. Mining will be a major market for pumps in South America and Africa.

More articles on this topic

Changes to the GF Board of Directors

12.10.2023 -

Hubert Achermann, Vice-Chairman of the Board of Directors of GF and Independent Lead Director is retiring from the Board of Directors on reaching the age limit. The Board of Directors of GF will propose Stefan Räbsamen as a new member to the Annual General Meeting on 17 April 2024.

Read more

Xylem’s New High-Pressure Dewatering Pump Delivers Savings of up to 10% and Reduces Carbon Emissions

23.06.2023 -

A new dewatering pump has been released by Xylem, developed to significantly increase efficiency, cut costs, and minimize downtime for construction and mining customers. Designed to meet the unique demands of deep-mine and high-pressure water transfers, the Godwin HL270M Dri-Prime Pump can deliver cost savings of up to 10% when compared with competing solutions.

Read more