World pump sales predicted to reach US$38bn in 2011
Sales of industrial pumps will reach an annual level of $38 billion for the first time in 2011. This is the current forecast in the continually updated online report, Pumps: World Markets, published by the McIlvaine Company.
Centrifugal pumps will account for over 70percent of the revenues. Diaphragm, reciprocating, and rotary pumps will account for the balance.
Municipal wastewater will be the largest application segment followed by municipal drinking water. Refineries will be the third largest segment, and power will rank fourth.
Asia will increase its lead as the largest regional purchaser. The very large municipal wastewater and drinking water plant expenditures are only part of the picture. It is outspending other regions in every category except pharmaceutical.
In the coal-fired power segment, Asia will outspend the rest of the continents combined. China alone will spend more for pumps for coal-fired power plant applications than all of Europe and Africa combined.
There are some very high growth sub segments. They include desalination, ethanol, LNG, oil sands, and flue gas desulphurisation (FGD). One of the big long-term changes in the market will be the reduction in pump sales for conventional oil and gas and refining applications and the growth of sales in non traditional applications.
More than 10000 companies make industrial pumps.
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