Global Pumps Outlook: Which High-potential, Innovative Applications Boost Growth?
The water and wastewater industry, IIoT-based pump solutions, and energy transition projects to fuel future growth potential despite economic hurdles
Research Overview
The COVID-19 pandemic and subsequent outbreak of new variants have forced pump OEMs to revisit their manufacturing and supply chain strategies to remain relevant and resilient in a volatile business landscape. This research outlook provides an overview of various global opportunities and roadblocks that will influence pump OEMs’ growth performance in 2022.
A COVID-19-associated economic slowdown, supply chain disruptions, digitalization, and a global agenda shifting towards sustainability and energy transition are the main themes influencing the pumps market. This research outlook provides revenue forecasts for 2022, considering macroeconomic factors, the pumps industry maturity, the scope of product and service innovation, and technological advancements. Both centrifugal and positive displacement pumps technology are covered, with growth estimates provided at the sub-product level. The regional assessment of growth opportunities in 2022 includes North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific. The analysis also offers an overview of end-user segment performance, which covers oil and gas, chemicals, water and wastewater, power generation, construction, food and beverage, metals and mining, and pharmaceuticals.
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