Australia Industrial Pumps Market Analysis 2017-2019 & Forecast to 2024: Growth Opportunities in Technological Innovations, Solar-powered Pumps, Pump Service & Rental, and Pumped Hydro
DUBLIN, Jan. 20, 2020 /PRNewswire/ -- The "Australian Industrial Pumps Market, Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
This study analyses the size, drivers, restraints, trends, opportunities, and competitive environment of the Australian industrial pumps market from 2017 to 2024.
The Australian industrial pumps market is undergoing significant changes in its competitive and technological environment. Driven by the demand from key end markets and for technological capabilities in operational efficiency, the pumps market in Australia is expected to record steady long-term growth.
Recovery of the mining industry in the country is expected to make mining applications a major contributing end market, as the demand for pumps increases with the opening of new mines and expansion of existing ones.
Demand from the water and wastewater industry is also expected to increase due to population growth and its deleterious effect on the already scarce water sources in the country.
Moreover, the pumps industry in Australia has seen, and will continue to see, a steady increase in the use of high-efficiency pipes due to high energy costs. With respect to business models, there has been a significant increase in customer interest in pump rental and maintenance services due to a growing focus on capital expenditure reduction.
The biggest threats to the industrial pumps market in Australia during both long and short terms are posed by rising input costs and margin pressure. Costs of materials that are crucial for the pumps industry such as steel and aluminium alongside rising labour and transportation costs are placing a major strain on pump manufacturers and suppliers, making it challenging for them to maintain profitability.
The market is further restrained by the overall economic slowdown that has dampened the demand for pumps as the number of projects amongst end users decreases. This is exacerbated by the increase in external competition from foreign pump suppliers, particularly Chinese suppliers, and the resultant price competition.
Finally, the industry has been facing a shortage of skilled labour, which adversely impacts the uptake of new, upside-generating technologies.
Opportunities in the pumps market in Australia lie in several key areas. Smart technology, analytics, and other emerging and advanced technologies are poised to offer significant long-term pump life cycle solutions, cost reduction, and revenue generation opportunities.
Solar-powered pumps are also expected to play a key role in future energy efficiency initiatives. This is relevant especially for Australia and the natural advantage its climatic conditions provide to this segment.
Pumps-as-a-Service is becoming an increasingly viable business model and offers customers increased flexibility and agility in pump ownership and deployment.
Moreover, growth of the pumped hydro market in Australia, which is being supported by the federal government, creates an advantageous environment driving the overall industrial pumps market.
Key Topics Covered
1. Executive Summary
- Key Findings
2. Scope and Definition
- Scope and Sectors
- Key Definition and Assumptions
3. Industrial Pumps Market Overview
- Overview
- Market Overview
- Porter's Five Forces Analysis
4. Drivers and Restraints - Total Industrial Pumps Market
- Market Drivers
- Drivers Explained
- Market Restraints
- Restraints Explained
5. Forecast and Trends - Total Industrial Pumps Market
- Revenue Forecast
- Revenue Forecast Discussion
- Percent Revenue by End Market Application
- Percent Revenue by Pump Type
- Distribution Channel Analysis
6. Technology Trends
- Digital Transformation Trends in the Pump Industry
- Solar-powered Pumps - Overview and Success Stories
- Solar-powered Pumps - Case Study
- Smart Pumps - Case Study
- Vibration Condition Monitoring
7. End Markets Analysis
- Mining
- Oil and Gas
- Water and Wastewater
- Food and Beverage
- Agriculture
- Construction
- Power
- Other Manufacturing and Processing Industries
8. Market Share and Competitive Analysis - Total Industrial Pumps Market
- Market Share
- Competitive Structure
- Competitive Analysis - Heat Map based on Application
- Competitive Factors
9. Growth Opportunities and Companies to Action
- Growth Opportunity 1 - Technological Innovations
- Growth Opportunity 2 - Solar-powered Pumps
- Growth Opportunity 3 - Pump Service and Rental
- Growth Opportunity 4 - Pumped Hydro
- Strategic Imperatives for Success and Growth
10. The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/5qhqfv
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article