MRO Magazine

World demand for pumps to reach $47 billion in 2012

Cleveland, OH -- Global demand for fluid handling pumps is forecast to increase at a 4.4% annual rate toUS$47 billi...


July 28, 2008
By MRO Magazine

Cleveland, OH — Global demand for fluid handling pumps is forecast to increase at a 4.4% annual rate toUS$47 billion in 2012. Generally healthy economic conditions will support gains in global pump demand, especially in rapidly developing areas such as China and India, where rising energy consumption and infrastructure development projects will provide key applications for pumps. These and other trends are presented in ‘World Pumps’, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

The advanced nations of North America, Western Europe and the Asia/Pacific region (i.e., Australia, Japan and New Zealand) comprise mature markets for pumps. A healthy economic outlook coupled with a pickup in primary energy consumption will support pump demand in the U.S., while an expanding utilities market for fluid handling pumps will support gains in Japan and Western Europe.

Centrifugal pumps will continue to account for a larger share of the pump market than positive displacement and specialty pumps, due to their varied pressure and load-handling capabilities — including the ability to handle liquids with high solids content — and relatively low maintenance costs.

Among the major positive displacement pump designs, diaphragm pumps will post the most rapid gains due to their low installed cost, simplicity and versatility, along with rising investment by utilities and process manufacturing industries.


Turbine pumps will also see rapid growth, largely supported by an increase in water pumping and sewage applications.

Utilities are projected to see the fastest growth among the major pump markets, supported by increased utility construction, particularly in developing regions, where water and electricity delivery systems are being built. Although the process manufacturing market is not forecast to see as rapid gains, it is still expected to remain the largest user of pump products due to the wide range of applications and significant fluid handling requirements in many of these industries. Gains will be spurred by increasing output in most process industries.

The resource extraction market is also projected to see increases due to rising oil production.

‘World Pumps’ (published 06/2008, 404 pages) is available for US$5,800 from The Freedonia Group Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, visit