Summary

Global Heavy-duty Pumps Market is valued at approximately USD 15.47 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.70% over the forecast period 2024-2032. Heavy-duty pumps are industrial pumps designed to transfer highly viscous, corrosive, or abrasive products such as chemicals, sewage, crude oil, and others efficiently from one location to another. These pumps are integral to various sectors, including oil and gas, power, and water treatment, due to their robust construction and capability to handle challenging materials. The growth of the heavy-duty pumps market is driven by the increasing demand for electricity and power consumption globally, which in turn fuels the power industry and boosts the need for heavy-duty pumps. Additionally, the surge in global oil consumption stimulates the oil & gas sector, creating substantial opportunities for the market.
Moreover, strategic initiatives such as acquisitions and business expansions by market players are expected to further propel the growth of the heavy-duty pumps industry. For instance, Flowserve Corporation's acquisition of SIHI Group B.V. strengthened its Industrial Product Division, and GE's acquisition of Baker Hughes led to the formation of Baker Hughes, a GE Company, significantly enhancing its market presence. Furthermore, adherence to various industry standards, such as the API 610 standard for centrifugal pumps in the petroleum, petrochemical, and natural gas sectors, coupled with technological advancements in pump design and energy efficiency, creates lucrative opportunities for market growth. However, the unpredictable fluctuations in raw material prices may impede market expansion.
Economies such as China and India, with their large populations, generate substantial demand for food, electricity, oil, gas, and power. This has led to increased installation of food processing plants and oil, gas, and power processing facilities, driving the growth of the heavy-duty pumps market. In Europe, the focus is shifting towards treating municipal water infrastructure using advanced technologies, further supporting market growth. Leading manufacturers are continually innovating to produce heavy-duty pumps for various industrial sectors, including chemicals, food processing, and mining. For instance, Alfa Pumps in India offers heavy-duty gear pumps for the food processing and chemical industries, while Sunbo Pumps in China provides heavy-duty centrifugal slurry pumps for the mining industry.
The market is analyzed across several regions, including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific holds a significant share in the global market due to the rising demand for food and beverage and portable water in the region. The Asia-Pacific market is projected to register the highest CAGR of 6.2%, followed by LAMEA. North America and Europe also present high growth potential due to increasing demand for oil & gas and fresh drinking water. Factors such as rapid urbanization, population growth, and increased awareness regarding water and wastewater management contribute to the widespread adoption of heavy-duty pumps.
Major market players included in this report are:
Alfa Laval
EBARA Corporation
Flowserve Corporation
Gardner Denver, Inc.
General Electric Company
Grundfos
ITT INC.
KSB SE & Co.
Sulzer Ltd.
The Weir Group PLC
The detailed segments and sub-segment of the market are explained below:
By Pump Type
• Centrifugal
• Positive-Displacement
By Product Type
• Crude Oil
• Fuel Oil
• Asphalt
• Others
By End-User Industry
• Oil, Gas, & Power
• Processing
• Others
By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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Table of Contents

Chapter 1. Global Heavy-duty Pumps Market Executive Summary
1.1. Global Heavy-duty Pumps Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Pump Type
1.3.2. By Product Type
1.3.3. By End-User Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Heavy-duty Pumps Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Heavy-duty Pumps Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Demand for Electricity and Power Consumption
3.1.2. Surge in Oil Consumption Worldwide
3.2. Market Challenges
3.2.1. Unpredictable Changes in Prices of Raw Materials
3.2.2. Regulatory and Compliance Issues
3.3. Market Opportunities
3.3.1. Technological Advancements in Pump Design
3.3.2. Expansion in Emerging Markets

Chapter 4. Global Heavy-duty Pumps Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Heavy-duty Pumps Market Size & Forecasts by Pump Type 2022-2032
5.1. Segment Dashboard
5.2. Global Heavy-duty Pumps Market: Pump Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Centrifugal
5.2.2. Positive-Displacement

Chapter 6. Global Heavy-duty Pumps Market Size & Forecasts by Product Type 2022-2032
6.1. Segment Dashboard
6.2. Global Heavy-duty Pumps Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Crude Oil
6.2.2. Fuel Oil
6.2.3. Asphalt
6.2.4. Others

Chapter 7. Global Heavy-duty Pumps Market Size & Forecasts by End-User Industry 2022-2032
7.1. Segment Dashboard
7.2. Global Heavy-duty Pumps Market: End-User Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Oil, Gas, & Power
7.2.2. Processing
7.2.3. Others

Chapter 8. Global Heavy-duty Pumps Market Size & Forecasts by Region 2022-2032
8.1. North America Heavy-duty Pumps Market
8.1.1. U.S. Heavy-duty Pumps Market
8.1.2. Canada Heavy-duty Pumps Market
8.2. Europe Heavy-duty Pumps Market
8.2.1. UK Heavy-duty Pumps Market
8.2.2. Germany Heavy-duty Pumps Market
8.2.3. France Heavy-duty Pumps Market
8.2.4. Spain Heavy-duty Pumps Market
8.2.5. Italy Heavy-duty Pumps Market
8.2.6. Rest of Europe Heavy-duty Pumps Market
8.3. Asia-Pacific Heavy-duty Pumps Market
8.3.1. China Heavy-duty Pumps Market
8.3.2. India Heavy-duty Pumps Market
8.3.3. Japan Heavy-duty Pumps Market
8.3.4. Australia Heavy-duty Pumps Market
8.3.5. South Korea Heavy-duty Pumps Market
8.3.6. Rest of Asia Pacific Heavy-duty Pumps Market
8.4. Latin America Heavy-duty Pumps Market
8.4.1. Brazil Heavy-duty Pumps Market
8.4.2. Mexico Heavy-duty Pumps Market
8.4.3. Rest of Latin America Heavy-duty Pumps Market
8.5. Middle East & Africa Heavy-duty Pumps Market
8.5.1. Saudi Arabia Heavy-duty Pumps Market
8.5.2. South Africa Heavy-duty Pumps Market
8.5.3. Rest of Middle East & Africa Heavy-duty Pumps Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Alfa Laval
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. EBARA Corporation
9.3.3. Flowserve Corporation
9.3.4. Gardner Denver, Inc.
9.3.5. General Electric Company
9.3.6. Grundfos
9.3.7. ITT INC.
9.3.8. KSB SE & Co.
9.3.9. Sulzer Ltd.
9.3.10. The Weir Group PLC

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes