US Pump Demand in 2010

22.03.2006

US demand for fluid handling pumps is expected to increase 2.7 percent annually including price increases) to $8.5 billion in 2010, supported by an improved outlook for many pump-using industries. In addition, gains will be bolstered by ...

... continuing healthy aftermarket prospects among process manufacturers, particularly within the chemical, petroleum refining, and pulp and paper industries, which handle large volumes of harsh fluids. 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 adversely impact demand for replacement parts. Moreover, pricing gains will be restricted by competition both among the various types of pumps and from low cost imports. These and other trends are presented in Pumps, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

The process manufacturing market is expected to remain the largest user of pump products due to the wide range of applications and significant fluid handling requirements in many of these industries. In addition, this market is expected to see above average growth through 2010. Growth will benefit from increasing output in most process industries, with particularly strong gains in pharmaceutical shipments.

Aftermarket demand will also remain strong. Among the other major markets, utilities

are expected to see the fastest growth, benefiting from rising construction expenditures by utilities providers, particularly electric utilities and natural gas pipelines. In addition, the development of liquified natural gas import facilities will boost gains in the utilities market. The smaller resource extraction and construction markets are expected to see below average increases.

Centrifugal pumps will continue to be the most commonly used pump design, due to their wide pressure and load handling capability -- including the ability to handle liquids with a high solids content -- and relatively low maintenance costs. Technological innovations in corrosion- and abrasion-resistance, downsizing and versatility, combined with continued development of sealless centrifugal pumps, will drive demand. However, among the major pump product types, positive displacement pumps will see the fastest demand increases, due to the improved outlooks for most process industries, which are important users of these pumps.

Pumps (published 02/2006, 302 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone ++1 440.684.9600, fax ++1 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained on the website.

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