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The global ANSI pumps market is projected to grow from $ 3.3 billion in 2018 to $ 4.4 billion by 2024, exhibiting a CAGR of over 5% during 2019-2024, owing to huge demand from oil & gas and chemical applications. Moreover, the growing demand for energy efficient pumps, evolution of Industry 4.0, and the rising demand from industries such as food processing and general manufacturing are expected to aid the market during the forecast period. Government bodies and pump regulatory bodies are announcing rules to regulate the global ANSI pumps industry, according to which ANSI pump manufacturers are required to manufacture their products as per the industry standards, which in turn would have a positive impact on the global ANSI pumps market in coming years.
Global ANSI Pumps Market Segment Insights
In terms of group size, the global ANSI pumps market is categorized into Group 1, Group 2 and Group 3. Of these, the Group 1 category dominated the market in 2018 and is expected to maintain its leading market position in the coming years as well.
Global ANSI Pumps Market Regional Insights
Regionally, North America plays a vital role in generating revenues for the global ANSI pumps market. The United States is the largest country in North America's ANSI pumps market, owing to its huge process industry and increasing investments in water and oil & gas infrastructure. Moreover, the Middle East & Africa ANSI pumps market is likely to witness the fastest growth during the forecast period. Oil & gas is the major industry in Saudi Arabia and contributing around 50% to the country’s GDP.
Global ANSI Pumps Market Competitive Landscape
To increase their customer base, major vendors in the market for ANSI pumps are aiming at introducing technologically advanced solutions and systems. This helps vendors to differentiate themselves from counterparts and sustain competition. Moreover, strategic partnerships & collaborations and investments in R&D activities are some of the other major strategies adopted by major market players to enhance their existing product portfolio and expand their market footprints. Some of the leading players in the global ANSI pumps market are ITT Gould Pumps Inc., KSB SE & Co. KGaA, Sulzer Ltd, Flowserve Corporation, Ebara Corporation, SPX FLOW, Pentair plc., Xylem Inc., WILO SE and Ruhrpumpen Group.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the global ANSI pumps market size
- To forecast the global ANSI pumps market based on group size, end-user, and regional distribution
- To identify drivers and challenges for the global ANSI pumps market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global ANSI pumps market
- To conduct the pricing analysis for the global ANSI pumps market
- To identify and analyze the profile of leading players operating in the global ANSI pumps market
Key Target Audience:
- ANSI pump manufacturers, suppliers, distributors and other stakeholders
- Organizations, forums and alliances related to ANSI pumps
- Government bodies such as regulating authorities and policy makers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such ANSI pump manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, the global ANSI pumps market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Group Size:
- Group 1 (1.5 × 1-6 to 3.0 × 1.5-8)
- Group 2 (3 × 2-8 to 6 × 4-13)
- Group 3 (6 × 4-16 to 10 × 8-17)
Market, by End-User Industry:
- Oil & Gas and Chemical Applications
- Food Processing
- Pulp & Paper
- General Manufacturing
- Others
Market, by Region:
North America
- United States
- Canada
- Mexico
- Rest of North America
Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Iran
- Rest of Middle East & Africa
South America
- Brazil
- Argentina
- Colombia
- Rest of South America
Asia Pacific
- China
- India
- South Korea
- Japan
- Singapore
- Australia
- Rest of Asia Pacific
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global ANSI pumps market.
Table of Contents
1. ANSI Pumps: An Introduction & Product Classification2. Research Methodology3. Executive Summary
Companies Mentioned
- Ebara Corporation
- Flowserve Corporation
- ITT Goulds Pumps Inc
- KSB SE & Co. KGaA
- Pentair plc.
- Puhrpumpen Group
- SPX FLOW
- Sulzer Ltd
- WILO SE
- Xylem Inc.
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