Sales of industrial pumps will reach an annual level of $38 billion for the first time in 2011. This is the current forecast in the continually updated online report, Pumps: World Markets, published by the McIlvaine Company.
Centrifugal pumps will account for over 70 per cent of the revenues. Diaphragm, reciprocating, and rotary pumps will account for the balance.
Municipal wastewater will be the largest application segment followed by municipal drinking water. Refineries will be the third largest segment, and power will rank fourth.
Asia will increase its lead as the largest regional purchaser. The very large municipal wastewater and drinking water plant expenditures are only part of the picture. It is outspending other regions in every category except pharmaceutical.
In the coal-fired power segment, Asia will outspend the rest of the continents combined. China alone will spend more for pumps for coal-fired power plant applications than all of Europe and Africa combined.
Centrifugal Pump Sales for Power
($ Millions)
World Region 2003 2004 2005 2006 2007 2008 2009 2010
Africa 31 37 32 32 35 34 34 35
CIS 70 71 71 71 72 72 72 78
East Asia 458 493 506 489 573 577 615 591
Eastern Europe 52 52 54 55 55 56 56 61
Middle East 15 13 14 16 21 16 17 17
NAFTA 251 244 245 247 261 280 287 303
So. & Cen. America 18 19 20 20 26 23 27 24
West Asia 85 47 63 68 90 118 107 90
Western Europe 145 128 136 130 137 149 152 182
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 10,000 companies make industrial pumps. Five companies achieve pump sales in excess of $l billion.
2005
Company Pump Sales Ranking by Sales
($ Millions)
ITT $2,047 1
Grundfos $1,330 2
Flowserve $1,303 3
Ebara $1,190 4
KSB $1,065 5
Sulzer achieves pump sales close to $1 billion. But the sales of the other 500 companies ranked by McIlvaine are much smaller. Less than 20 companies have sales of pumps exceeding $500 million.
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