Global
ANSI Pumps Market Overview
Global ANSI pumps market is projected
to grow from $ 3.3 billion in 2018 to $ 4.4 billion by 2024, exhibiting a CAGR
of over 5% during 2019-2024, owing to huge demand from oil & gas and
chemical applications. Moreover, growing demand for energy efficient pumps, evolution
of Industry 4.0, and rising demand from industries such as food processing and general
manufacturing are expected to aid the market during forecast period. Government bodies and pump regulatory bodies
are announcing rules to regulate the global ANSI pumps industry, according to
which ANSI pump manufacturers are required to manufacture their products as per
the industry standards, which in turn would have a positive impact on global
ANSI pumps market in coming years.
Global ANSI
Pumps Market Segment Insights
In terms of group size, global ANSI
pumps market is categorized into Group 1, Group 2 and Group 3. Of these, the Group
1 category dominated the market in 2018 and is expected to maintain its leading
market position in coming years as well.
Global ANSI
Pumps Market Regional Insights
Regionally, North America plays a
vital role in generating revenues for global ANSI pumps market. United States
is the largest country in North America ANSI pumps market, owing to its huge
process industry and increasing investments in water and oil & gas
infrastructure. Moreover, Middle East & Africa ANSI pumps market is likely to
witness fastest growth during the forecast period. Oil & gas is the major
industry in Saudi Arabia and contributing around 50% to the country’s GDP.
Global ANSI
Pumps Market Competitive Landscape
To increase customer base, major
vendors in the market for ANSI pumps are aiming at introducing technologically
advanced solutions and systems. This helps vendors to differentiate themselves
from counterparts and sustain competition. Moreover, strategic partnerships &
collaborations and investments in R&D activities are some of the other
major strategies adopted by major market players to enhance their existing
product portfolio and expand their market footprints. Some of the leading players in global ANSI pumps market are ITT
Gould Pumps Inc., KSB SE & Co. KGaA, Sulzer Ltd, Flowserve Corporation, Ebara
Corporation, SPX FLOW, Pentair plc., Xylem Inc., WILO SE and Ruhrpumpen Group.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast global ANSI pumps market size
- To forecast global ANSI pumps
market based on group size, end-user, and regional distribution
- To identify drivers and challenges for global ANSI pumps market
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global ANSI pumps market
- To conduct the pricing analysis for global ANSI pumps market
- To identify and analyze the profile of leading players operating in
global ANSI pumps market
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Some of the leading players in global ANSI pumps market
are ITT Gould Pumps Inc., KSB SE & Co. KGaA, Sulzer Ltd, Flowserve
Corporation, Ebara Corporation, SPX FLOW, Pentair plc., Xylem Inc., WILO SE and
Ruhrpumpen Group.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of ANSI pump providers across the globe. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include ANSI pump providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the product offerings, distribution channels and presence of all
major ANSI pump providers across the globe.
TechSci
Research calculated global ANSI pumps market size
using a top down approach and bottoms up
approach, where data for various application across
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target
Audience:
- ANSI pump manufacturers, suppliers,
distributors and other stakeholders
- Organizations, forums and alliances related to
ANSI pumps
- Government bodies such as regulating
authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for industry stakeholders such ANSI pump
manufacturers, distributors and
dealers, customers and policy makers. The study would also help them to target
the growing segments over the coming years, thereby aiding the stakeholders in
taking investment decisions and facilitating their expansion.
Report Scope:
In this report, global ANSI pumps market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
- Market, by Group Size:
- Group 1 (1.5 × 1-6 to 3.0 × 1.5-8)
- Group 2 (3 × 2-8 to 6 × 4-13)
- Group 3 (6 × 4-16 to 10 × 8-17)
- Market, by End User Industry:
- Oil & Gas and Chemical Applications
- Food Processing
- Pulp & Paper
- General Manufacturing
- Others
- Market, by Region:
- North America
- United States
- Canada
- Mexico
- Rest of North America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Iran
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- Asia Pacific
- China
- India
- South Korea
- Japan
- Singapore
- Australia
- Rest of Asia
Pacific
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global ANSI pumps market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect sales
channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com