Global demand for fluid handling pumps is projected to increase 5.5 percent annually to $84 billion in 2018. In developed nations, an improved environment for fixed investment spending will enable pump-using manufacturers to invest in the expansion and upgrade of facilities. In developing areas, increased investment in water infrastructure will spur gains as access to water supply and sanitation systems is expanded. Continued growth in mining activity will boost pump demand in countries with large mining industries. In addition, increased oil production will provide growth opportunities, especially in newly developed areas requiring new infrastructure. Centrifugal pumps accounted for 35 percent of the worldwide fluid handling pump demand in 2013. Positive displacement pumps were the second largest group, responsible for 17 percent of global pump sales. Impressive advances in process manufacturing activity will support growth in the positive displacement pump segment. Centrifugal pump sales will also expand at an above-average pace because of the increasing demand for models that can handle a multiple pressures and loads.
The Asia/Pacific region will generate 44 percent of new pump demand through 2018. Pump sales in the region will rise 6.4 percent annually based on solid advances in fixed investment expenditures and construction spending. Several Asian countries are projected to record impressive gains, including China and India. China alone will generate 23 percent of all new global pump demand between 2013 and 2018. On a regional basis, Central and South America is expected to post the strongest annual gains, benefiting from ongoing industrialization. The U.S. will remain the largest national market through 2018 because of the following factors:
- Large process manufacturing industries
- Water infrastructure
- Oil and gas industries
Developed nations have traditionally dominated the pump manufacturing industry. Currently, the U.S. is the largest producer of fluid handling pumps in the world, with 22 percent of the total production in 2013. The largest net exporters of fluid handling pumps are Germany, Italy and Japan, which benefit from their technical expertise and higher value output. However, China has recently emerged as a major producer, with 2013 shipments of $11.8 billion and a major trade surplus. Production increases in the country are being driven by China’s low-cost position and increasing foreign investments. As a result of these gains, China is forecast to overtake the U.S. as the world’s leading pump producer by 2018.