End Suction Pump Market to Register 75% of Total Demand from Industrial Sector: FMI

Nov 22,2021 | Industrial Automation

According to Future Market Insights (FMI), sales in the global end suction pumps market are set to be valued at over US$ 3.8 Bn in 2021, with a stable long-term projection. The report also estimates the market to expand at over 4.6% CAGR from 2021 to 2031.

End Suction Pump Market

A recent market study published by Future Market Insights on the End Suction Pump market i...

End Suction Pump Market

According to Future Market Insights (FMI), ongoing development and adoption of new technologies in industrial sector is a key factor behind the surging demand for the end suction pumps in industries such as chemicals, petrochemicals, processed food & beverage, and others.

Additionally, rising expenditure towards infrastructural expansion, covering construction expenses hospitality and institutional sectors has boosted the demand for end suction pumps for commercial applications. The future growth of end suction pumps market is expected to ride on the back of centrifugal pumps market growth.

Due to the global pandemic, demand for end suction pumps declined marginally in 2020. The effect of COVID-19 on demand from heavy end-use industries like power generation and mining was lower, which drove end suction pump sales in various regions.

The demand of end suction pumps has been increasing in the manufacturing sector. This can be attributed to the advancements registered in the manufacturing sector, especially in various developing regions.

Increasing energy costs and growing environmental awareness among end users are expected to drive demand for energy-efficient and cost-effective end suction pumps over the forecast period. Industries often rely on end suction pumps to improve pump efficiency and reduce energy consumption.

Key Takeaways from End Suction Pumps Market Study

  • Close coupled pump segment is projected to hold over 80% volume share in the global market in 2021.
  • The demand from industrial sector is set to account for 75% of the overall sales in the market.
  • East Asia will remain a primary market, backed by expansion of industries and growing urbanization in the region. It is expected to account for over 25% of the demand registered globally in 2021.
  • Upto 100 GPM end suction pumps sales is set to surge at CAGR of approximately 4.6% over the coming decade.
  • Sales of end suction pumps in the U.S. will total US$ 992.4 Mn by 2031.

“Higher focus on expansion of manufacturing will boost end suction pumps sales in the coming years. Focus on turnkey projects by OEMs is expected to create attractive opportunity for the growth of the market” says a Future Market Insights analyst.

Competition Landscape

The end suction pumps market is highly fragmented with more than 100 players across the world. The top companies account for around 15-20% of the market share. In order to achieve high sales, leading market players are creating contracts with end users and customizing solution to cater to industry specific requirements.

Some of the key players in this industry include but are not limited to Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation, Ebara Corporation, Kubota Corporation, Ruhrpumpen Group, Pentair plc, Kirloskar Brothers Ltd, Torishima Pump Mfg. Co., Ltd., and WILO SE.

About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.