Pumps – A Research Report
US demand for fluid handling pumps is projected to increase 5.0 percent annually (including price increases) to $7.6 billion in 2007, a significant improvement over the 1997 to 2002 pace.
Gains will be supported by increases in both shipments and capital spending in most pump using industries. The introduction of new and better performing pumps will also boost growth, although to the extent that these pumps have longer lives, these improvements can also work to limit demand for replacement parts.
Growth in shipments will also improve, advancing 4.3 percent annually to $7.8 billion in 2007. The use of better performing materials and rising demand for high-end products are expected to sustain value gains. However, competition from foreign producers in both domestic and international markets will limit unit shipments and price growth. Despite this competition, the US is expected to remain a net exporter of pumps through 2007, although increases in imports will outpace growth in exports for most pump products.
The study provides historical demand data for 1992, 1997 and 2002 plus forecasts to 2007 and 2012 in current US dollars by product and market. Pumps also assesses technological trends and reviews the overall macroeconomy, analyzes the industry structure, evaluates company market shares, and profiles 40 US industry competitors.
Source: Global Information, Inc