Sea Water Pumps Market

2019 Analysis and Review of Sea Water Pumps Market by Product - Centrifugal Pumps and Positive Displacement Pumps for 2019 - 2029

  • 2020-02-18
  • REP-GB-4930
  • 53 Tables
  • 171 Figures
  • 300 pages
  • Format: PDF/PPT/Excel
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Sea Water Pumps Market Revenue to Grow 1.4X by 2029

Currently representing a multibillion dollar market, global revenue of the sea water pumps market will expand nearly 1.4X over the next ten years. While rising demand for potable water to tackle the water crisis, particularly in underdeveloped regions, is the primary factor driving market growth, notable upswing in shipbuilding activities is further offering avenues of growth and profitability. Furthermore, market players are entering into strategic partnerships with regional as well as local distributors to gain a foothold in the market landscape.

Frequently Asked Questions about Sea Water Pumps Market

What is the growth outlook for the sea water pumps market?

Sea water pumps have extensive application in desalination plants, ships, and offshore oil rigs. Increasing number of desalination plants at countries in the Middle East & Africa is creating positive growth prospects for the sea water pumps market. Furthermore, continuously increasing seaborne trade is driving the growth of the shipbuilding industry, which, in turn, is creating surge in the demand for sea water pumps.

Which segment will gain healthy traction over the coming decade?

By product, the centrifugal pumps segment is expected to account for the largest share and register a substantial growth rate, attributable to the increasing adoption of centrifugal pumps in desalination plants. In terms of flow rate, demand for sea water pumps with a capacity of 1 to 50 M3/H is growing extensively, owing to their implementation in the shipbuilding industry.

Which trend will shape the global sea water pumps market?

Manufacturers are focusing on technological innovations for upgradation and modification in products, and are also poised to provide customized products for customers from the shipbuilding industry. This trend is expected to provide momentum to the growth of the sea water pumps market over the forecast period.

What is the degree of competitiveness among players in the global market?

The global sea water pumps market is fragmented due to the presence of numerous global players. Players such as KSB SE & Co. KGaA, Torishima Pump Mfg. Co. Ltd., Xylem Inc., and Grundfos are identified as tier-1 players. These players focus on diversifying and strengthening their production and distribution base around the world by opening new plants or distributorships.

Which region offers considerable growth opportunities for players in the sea water pumps market?

The Middle East & Africa is anticipated to offer significant potential for the growth of players in the global sea water pumps market, owing to increasing investments towards the establishment of desalination plants and expansion in the capacity of existing plants in the region. However, the Asia Pacific region is projected to maintain its dominant share in the global sea water pumps market during the forecast period, owing to the prevalence of major shipbuilding industry players in the region.

Centrifugal Pumps Account for Over 60% Revenue Share

Manufacturers targeting centrifugal pumps will be well-positioned to substantially increase revenue, margins, and profit. Owing to their compact size, and straightforward usage, centrifugal sea water pumps are garnering good reputation among end users. Moreover, they will represent a multibillion-dollar opportunity during the latter half of the projection period. Maintenance of positive displacement pumps is cost-prohibitive, and the output of these pumps is inconsistent. Their market share is thus likely to stagnate over the coming years.

Booming Shipbuilding Industry to Drive APAC Market

Capturing around half of total market revenue, Asia Pacific (APAC) would remain the vanguard of the global sea water pumps market. Substantial growth in upcoming shipbuilding orders in countries - Japan, and China, and South Korea - for transnational oceanic trade is pushing the adoption of sea water pumps in the region. Market players are also tapping white spaces in the Middle East & Africa (MEA), owing to strong government support for establishing desalination plants and expanding the capacity of existing facilities.

Mergers & Acquisitions - Vehicle of Growth

Escalating demand for reduced operational expenses (OPEX) as well as growth in emerging markets is spurring the activity of mergers & acquisitions (M&A) in the sea water pumps market. Moreover, M&A activities are a key contributor to exponential growth among leading manufacturers that are focusing on expanding their product portfolios across untapped geographies and industrial applications. For instance, Xylem Inc. acquired EmNet LLC to manage urban water cycle, storm water, and wastewater treatment equipment. Moreover, Ebara Corporation acquired Brazil-based pumps manufacturer - Thebe Bombas Hidráulicas Ltda.

High adoption in desalination plants

Application in ships on steady rise

Centrifugal pumps remain in-demand

Positive displacement pumps to see decline in sales

High demand for 51 to 150 M3/H sea water pumps

151 to 350 M3/H sea water pumps to witness traction

Non-submersible sea water pumps hold prominent market share

Submersible sea water pumps to observe slight dip

How Growth will Unfold

Water scarcity has been a long-standing concern, with around 14% of the global population expected to encounter water scarcity by 2025, as reported by the United Nations (UN). In a bid to overcome this alarming situation, governments across the world are increasingly investing in the establishment of desalination plants. Application of sea water pumps is thus prominent in this end-user category, capturing over 90% of overall market value. Moreover, sea water pumps are finding utilization in ships for purposes such as ballast transfer function, firefighting, bilge pumping, and air conditioning.

Sea Water Pumps Market by End Use

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Sea Water Pumps Market Analysis 2019-2029

A market study published by FMI on the sea water pumps market includes global industry analysis of 2014-2018 and opportunity assessment for 2019-2029, and provides a comprehensive assessment of the most important market dynamics. By conducting thorough research on the historic, current, as well as future growth parameters of the sea water pumps market, the growth prospects of the market are obtained with utmost accuracy.

Sea Water Pumps Market Taxonomy

The global sea water pumps market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Centrifugal Pumps
  • Positive  Displacement Pumps

Operation

  • Submersible 
  • Non-submersible

End Use

  • Ships
    • Ballast Transferring
    • Firefighting
    • Bilge Pumping
    • High Pressure Deck Washing/Engine Cooling
    • Air Conditioning
  • Desalination Plants
  • Oil Refineries

Flow Rate

  • 1 - 50 M3/H
  • 51 - 150 M3/H
  • 151 - 350 M3/H
  • 351 - 500 s M3/H
  • Above 500 M3/H

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

What's Included

The report initiates with the executive summary of the sea water pumps market, which includes a summary of key findings and statistics of the market. It also includes the demand & supply-side trends about the sea water pumps market.

Readers can find the definition and a detailed taxonomy of the sea water pumps market in this chapter, which will help them understand the basic information about the sea water pumps market. Along with this, comprehensive information about sea water pumps and their properties are provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the sea water pumps market report.

The sea water pumps market report provides the key market trends that are estimated to significantly impact the sea water pumps market growth over the forecast period. Industry developments are also provided in this section.

This section includes the factors that have emerged as key successful factors and strategies adopted by key market participants.

This chapter explains main macro-economic factors that are anticipated to impact the growth of the sea water pumps market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the sea water pumps market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

This chapter contains details of the historic market volume analysis and projections of current and future market situation for volume based on the Y-o-Y growth trend analysis

This chapter provide details about the sea water pumps market value analysis based on historic data. Current and future market value projections are also included in this chapter based on Y-o-Y growth analysis and absolute opportunity analysis.

Based on the type, the sea water pumps market is segmented into centrifugal pumps and positive displacement pumps. In this section, readers can find information about the key trends and developments in the Sea Water Pumps market and market attractiveness analysis based on the product type.

Based on the end use, the sea water pumps market is segmented into three end use type as ships, desalination plants and offshore oil rigs. In this chapter the information about key trends and developments in global sea water pumps market and market attractiveness analysis based on end use is provided.

The sea water pumps market is segmented in two segments as submersible and non-submersible based on the operation. This chapter includes analysis of the growth of the global sea water pumps market according to the operation segments.

According to the flow rate segment the sea water pumps market is segmented in the ranges as 1 to 50 M3/H, 51 to 150 M3/H, 151 to 350 M3/H, 351 to 500 M3/H, above 500 M3/H. The growth and opportunity assessment referring to this segmentation is provided in this chapter.

This chapter explains how the sea water pumps market will grow across several regions such as North America, Latin America, Europe, APEJ, Japan, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America sea water pumps market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on the application and countries in North America.

This chapter includes the growth scenario of the sea water pumps market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments have been provided.

Important growth prospects of the sea water pumps market based on its end users in several countries such as Germany, Netherland, Spain, Italy, Russia, and the Rest of Europe are included in this chapter.

In this chapter, China and South Korea countries are prominent countries in the APEJ region that are the prime subjects of assessment to obtain the growth prospects of the APEJ sea water pumps market. Readers can find detailed information about the growth parameters of the APEJ sea water pumps market during the forecast period of 2019-2029.

This chapter highlights the growth of the sea water pumps market in Japan. This section also help readers understand the key factors that are responsible for the growth of the sea water pumps market in Japan.

The growth prospects of global sea water pumps market in several countries such as GCC, Africa, Turkey and Rest on MEA are included in this chapter along with Y-o-Y growth analysis.

This section highlights the growth prospects of the sea water pumps market for emerging markets such as China and Saudi Arabia.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the Sea Water Pumps market, along with a detailed information about each company, which includes company overview, strategic overview, revenue shares, and recent company developments. Some of the market players featured in the report are KSB SE & Co. KGaA, Xylem Inc., Sulzer Ltd, Torishima Pump Mfg. Co., Flowserve Corporation, Ebara Corporation, WILO SE, Grundfos Holding, The Weir Group PLC, Alfa Laval, Kubota Corporation, AxFlow Holding AB, Kirloskar Brothers Ltd., Franklin Electric Co. Inc., Danfoss A/S, ITT INC., Tsurumi Manufacturing Co. Ltd., Schlumberger Limited, Eureka Pumps AS.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the Sea Water Pumps market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Sea Water Pumps market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • IDA water security handbook
    • IDA blue paper
    • The maritime executive digital magazine
  • Industry Associations
    • Chamber of Shipping of America
    • Offshore Marine Service Association
    • Passenger Vessel Association
    • Pacific Merchant Shipping Association
    • Port Association of Louisiana
    • Shipbuilders Council of America
    • Society of Naval Architects and Marine Engineers
    • Spill Control Association of America
    • Transportation Institute
    • West Gulf Maritime Association
    • Inland Rivers, Ports and Terminals Inc.
    • Institute of Navigation
    • Intermodal Association of North America
    • International Federation of Shipmasters’ Associations
    • International Maritime Organization
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits sea water pumps market designation

Primary Interview Splits sea water pumps market stakeholder

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