NORTHFIELD, IL, Jan. 5, 2006 -- Sales of industrial pumps will reach an annual level of $38 billion for the first time in 2011. This is the current forecast in the continually updated online report, "Pumps: World Markets," published by the McIlvaine Company.
Centrifugal pumps will account for over 70% of the revenues. Diaphragm, reciprocating, and rotary pumps will account for the balance.
Municipal wastewater will be the largest application segment followed by municipal drinking water. Refineries will be the third largest segment, and power will rank fourth.
Asia will increase its lead as the largest regional purchaser. The very large municipal wastewater and drinking water plant expenditures are only part of the picture. It is outspending other regions in every category except pharmaceutical.
In the coal-fired power segment, Asia will outspend the rest of the continents combined. China alone will spend more for pumps for coal-fired power plant applications than all of Europe and Africa combined (see Tables above).
There are some very high growth sub segments. They include desalination, ethanol, LNG, oil sands, and flue gas desulfurization (FGD). One of the big long-term changes in the market will be the reduction in pump sales for conventional oil and gas and refining applications and the growth of sales in non traditional applications.
More than 10,000 companies make industrial pumps. Five companies achieved 2005 pump sales in excess of $1 billion, ITT, Grundfos, Flowserve, Ebara and KSB.
Sulzer achieves pump sales close to $1 billion. But the sales of the other 500 companies ranked by McIlvaine are much smaller. Less than 20 companies have sales of pumps exceeding $500 million.
For more information on "Pumps World Markets," click here.
The McIlvaine Company (www.mcilvainecompany.com) is based in Northfield, IL, with a staff of 35 people that includes engineers, scientists and market researchers.
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Also see: "China will be world's largest ultrapure water purchaser by 2020"
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