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Tuesday, September 2, 2014

European Purchases of Industrial Pumps Will Break $9 Billion Mark

The European industrial pump market will grow moderately in the next two years and surpass $9 billion in 2015, according to market research firm McIlvaine Co. in its Pump World Markets report.

Credit: Stuart Miles at FreeDigitalPhotos.net

Credit: Stuart Miles at FreeDigitalPhotos.net

According to the researcher, centrifugal pumps will command the lion’s share of the market, with $6.6 billion in sales, followed by rotary pumps at $1.04 billion. McIlvaine forecasts that centrifugal pump purchases will exceed the combined total of sales of other types of pumps. Rounding out the European market are diaphragm and reciprocating pumps.

Europe will remain a major exporter as well as purchaser of pumps. Pump manufacturers on the continent are setting up manufacturing operations in Asia, because of rising energy costs in Europe as well as to meet growing demand in Asia.

The power industry remains a substantial purchaser of pumps in spite of renewable energy programs among utilities. McIlvaine notes that there is a reverse trend in that some new coal-fired power plants are in the planning and construction stages in Europe. Retrofitting of older power plants is also driving continuous demand for pumps.

Five of the world’s top pump makers are headquartered in Europe: Grundfos, Sulzer, Weir, KSB, and Wilo. The main pump operations of the world’s largest pump manufacturer, Xylem, are in Europe.

The top 10 pump manufacturers on a European basis are:

 

  1. Xylem
  2. Flowserve
  3. Grundfos A/S
  4. Sulzer Ltd.
  5. Weir Group
  6. KSB
  7. Schlumberger
  8. Ebara
  9. Wilo AG
  10. Baker Hughes

 

The continuously  updated World  Pump Markets costs $4,900 annually, plus $150 for each additional seat. Over 500 pump companies are identified and analyzed, including products and financial information.

For more on McIlvaine’s World Pump Markets, go to http://home.mcilvainecompany.com/index.php/component/content/article?id=75.

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