Where can the Growth Come From within the Pumps Market?

Where can the Growth Come From within the Pumps Market?

The Pump market which grew by an estimated 5% in 2019, is complex and fragmented in terms of end-use applications and distribution channels. As a result, the market is influenced by many issues. It is very closely linked to conditions in key application industries such as water and sewage, power generation and industrial manufacturing. It is also linked to the construction sector.

We cannot forget the impact of energy efficiency in the power generation industry with sources such as wind, solar, biofuels all supporting the pump market. In addition, the wider application of energy saving devices such as variable frequency drives and soft starters have contributed to centrifugal pump efficiency levels and increased their competitiveness across a wider range of end use sectors. Overall demand for pumps has been supported by a number of sectors. These include industrial process sectors, particularly food and beverage processing, pharmaceuticals and hygienic and sanitary applications.

 

AMA Research’s Report Editor Michelle Turner states “With a focus on innovation, better value and improved energy efficiency, not just by the key players but across the UK pump market, although mature, there is still great potential for the future of the UK pump market.”

 

Activity in the construction sector is also an important driver. The construction industry also represents a significant end-use sector for pumps. Many construction projects require mass flow of water to the site and centrifugal pumps are also used for heating, ventilating and air-conditioning.  In addition, specialist pumps are used for transporting concrete and similar materials, such as grout.  Overall UK construction output has experienced good growth between 2014 and 2017. In 2018, construction output increased by 3%, still showing positivity in the sector but growing at a slower rate in comparison to 2017 and 2016.

If current growth is maintained into the medium term it is likely the industrial and manufacturing sector will provide a broad range of opportunities for manufacturers of pumps.

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