Abstract
Worldwide demand to climb 4.4% per year through 2012
Global pump demand is forecast to rise at a 4.4 percent annual rate through
2012 (including price increases) to $47 billion. This represents a moderation
from the strong growth of the 2002- 2007 period, reflecting decelerating
primary energy consumption and gross fixed investment expenditures throughout
much of the world. Generally healthy economic conditions will support gains in
global pump demand, especially in rapidly developing areas such as China and
India where rising energy consumption and infrastructure development projects
will provide key applications for fluid handling pumps.
Developing regions provide best outlook
The greatest prospects for pump suppliers will continue to be found in the
developing regions of the world, especially in Asia where China and India are
enjoying strong economic growth. Latin America will also register
above-average gains, but will trail growth anticipated in parts of Asia due to
the lagging stage of industrial infrastructures in those regions. The outlook
is also improving in the advanced nations of North America, and the
Asia/Pacific region, such as Canada, Mexico and Japan. Although the pump
markets in the US, Japan and Western Europe will all register gains that will
lag the global average through 2012, healthy economic conditions in these
mature nations will support demand for fluid handling pumps.
Study coverage
The study provides historical demand data (1997, 2002, 2007) plus forecasts to
2012 and 2017 for centrifugal, positive displacement and other specialty pump
designs in six world regions and 35 major national markets. The study also
considers global energy supply and demand trends, assesses industry
composition and market shares and profiles 31 competitors worldwide.
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