NEW YORK, Feb. 6, 2017 /PRNewswire/ --
"Top 10 pumps and motors market is expected to reach USD 100.66 billion by 2021"
The Top 10 pumps and motors market is expected to grow from an estimated USD 71.01 billion in 2016 to USD 100.66 billion by 2021. Factors such as upgradation of old power infrastructure, increased investments in renewable energy, focus on energy-efficiency, increasing industrialization, and growing urban population are driving the global market. High initial cost of motors, high maintenance cost, and decrease in greenfield investment are factors that could restrain the growth in this market.
"The intelligent pumps market would grow at a faster pace during the forecast period"
The intelligent pumps market is expected to grow at the fastest pace during the forecast period. Europe and North America offer high growth opportunities for suppliers of intelligent pumps. Industrial internet of things (IIoT) & economic benefits of intelligent systems are some of the factors that are increasing the demand for intelligent pumps market in these regions. Apart from that, factors such as focus on energy efficiency, increasing industrialization would drive the growth of the intelligent pumps market.
"Asia-Pacific is the largest market for most pumps and motors"
Asia-Pacific is the largest market for most of the products in Top 10 pumps and motors market. In the Asia-Pacific, the market growth of Top 10 pumps and motors can be attributed to factors such as upgradation of old power infrastructure, focus on energy efficiency, increasing industrialization, and growing urban population, among others. Factors such as increasing gas-based generation, development in water and wastewater & sanitation sector also aids in market growth.
Breakdown of Primaries
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitate information as well as assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1–62%, Tier 2–23%, and Tier 3–15%
By Designation: C-Level–35%, Director Level–25%, and Engineer Level–40%
By Region: Asia-Pacific–45%, Europe–30%, Americas–17%, and RoW–8%
Note: Row = Rest of the World
The tier of the companies has been defined on the basis of their total revenue, as of 2015: Tier 1 => USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 =< USD 1 billion
The industry's leading players have been profiled with their recent developments and other strategic activities. These include ABB Ltd. (Switzerland), Danfoss A/S (Denmark), Eaton Corporation Plc. (Ireland), Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), General Electric (U.S.), Grundfos Group (Denmark), Sulzer Ltd (Switzerland), Hitachi Ltd. (Japan), Xylem Inc. (U.S.), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), and Siemens AG (Germany), among others.
This study estimates the global Top 10 pumps and motors market, in terms of USD, till 2021 and segments the Top 10 pumps and motors market with respect to region and end-user. This report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges of the market. The report also covers various important aspects of the market such as competitive landscape, market ranking, market estimates in terms of value, and future trends in the Top 10 pumps and motors market.
Scope of the report
- Intelligent Pumps
- High pressure pumps
- Cryogenic pumps
- Diaphragm pumps
- Submersible pumps
- Gear motors
- Permanent magnet synchronous motors
- Motor control cente
r- Motor soft starters
- AC drives
- By Region
- North America
- South America
- Middle East and Africa*
End-User varies for each pump and motor type
Why buy this report?
1. The report identifies and addresses key markets for pumps and motors, which is useful for suppliers and OEMs to review production and distribution plans.
2. The report includes analysis of key markets of pumps and motors. It also analyzes historical trends and also forecast for 2021, assisting in strategic decision making.
3. It presents competition by analyzing recent market developments such as key contracts, new product launches, expansions, and mergers & acquisitions from the key global market players. It helps understand the competition strategies and plan respective initiatives.
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