2015 Outlook of the Global Pumps Industry
Jun 22, 2015, 05:07 ET
NEW YORK, June 22, 2015 /PRNewswire/ -- Oil & Gas and Wastewater Sectors Primarily Drive Growth
This research service covers the global opportunities for pumps companies in the top 3 end-user industry segments. A regional analysis is provided for North America, Latin America, Europe, the Middle East and Africa, and Asia-Pacific to explain how economic factors will impact the market. Opportunities in oil and gas and wastewater applications for pump manufacturers are highlighted. Additionally, global economic changes and the impact on end-user industry trends and aftermarket services are detailed in the study. The base year used for analysis is 2014.
Expectations for 2015 from Pump Manufacturers
"We are assessing [2015 expectations] right now based on the very, very low oil prices, and hence, we have actually lowered expectations for the 1st half of the year. By the second half of the year we expect it to even out a bit, perhaps flat, compared to last year."
– Manufacturer, Sundyne Corporation (United States)
"Every participant is fighting to earn profits; everyone is trying to cut costs by reducing manpower, and I expect to see a lot of mergers this year. It looks like the pumps industry could have a severe year."
– Manufacturer, Flowserve (Germany)
"The macroeconomic environment is not as good as the previous years, especially the decreasing GDP will affect the market growth. The competitive market is expected to cause the price war and affect the sales revenue for the whole market. We expect the growth rate to decrease in 2015 due to the above restraints."
– Manufacturer, LiaoNing HengXing Pumps Co. Ltd. (China)
Voice of Pump Distributors
On Customer Preference and Changing Demand Landscape
On Purchase Trends:
"Today it's like customers know what they want with marketing on the Internet, so they get offers from different suppliers. It is difficult now with sales and customers asking for centralized supply as they have to go through a central department in their company as well."
- Distributor, Denmark
On Trends in the Service Market:
"You may have a pump which is scheduled to repair but it's not broken. If your money is not brilliant you may think let's repair it next year. In the end, even the maintenance sector (I am not saying it will shrink) will remain the same."
- Distributor, United Kingdom
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