Pumps to 2010

TABLE OF CONTENTS

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

General

Macroeconomic Overview

Cyclical Trends

Long Term Trends

Manufacturing Outlook

Nonresidential Fixed Investment Outlook

Utilities Construction Outlook

Water Works

Electric Power

Natural Gas & Other

Resource Extraction Industries Outlook

Historical Market Trends

Pricing Trends

Technological Trends

Materials

Product Design

New Pump Styles

Regulatory Issues

World Pump Outlook

Demand

Production

Foreign Trade

Imports

Exports

III. PRODUCTS

General

Centrifugal

Single-Stage

Submersible

Other Types

Multi-Stage

Sealless

Axial & Mixed Flow

All Others

Positive Displacement

Rotary

Reciprocating

Diaphragm

Turbine

Oilfield

Other Specialty Pumps

Domestic Water System Pumps

Sump Pumps

All Others

Pump Drivers, Accessories & Parts

Accessories & Parts

Drivers

IV. MARKETS

General

Process Manufacturers

Chemicals

Chemical Industry Overview

Pump Demand

Pulp & Paper

Pulp & Paper Industry Overview

Pump Demand

Petroleum Refining

Petroleum Refining Industry Overview

Pump Demand

Food & Beverages

Food & Beverage Industry Overview

Pump Demand

Primary Metals

Primary Metal Industry Overview

Pump Demand

Other Process Manufacturers

Utilities

Water & Sanitation Services

Water & Sanitation Service Industry Overview

Pump Demand

Electric & Gas Utilities

Electric & Gas Utility Industry Overview

Pump Demand

Resource Extraction Industries

Crude Petroleum & Natural Gas

Crude Petroleum & Natural Gas Industry Overview

Pump Demand

Mining & Other

Mining Industry Overview

Pump Demand

Construction

Construction Industry Overview

Pump Demand

Other

Discrete Parts Manufacturers

Government

All Other

V. INDUSTRY STRUCTURE

General

Market Share

Mergers, Acquisitions & Industry Restructuring

Regional Manufacturing Concentration

Product Development & Manufacturing

Marketing & Distribution

Financial Issues

Cooperative Agreements

COMPANY PROFILES

A-C Pumps, see ITT Industries Incorporated

ABS Pumps Incorporated, see Cardo AB

Aermotor Pumps Incorporated, see Pentair Incorporated

Alfa Laval AB

Almatec GmbH, see Dover Corporation

APV Baker, see Invensys plc

Aurora Pump, see Pentair Incorporated

Baker Hughes Incorporated

Bell & Gossett, see ITT Industries Incorporated

Bently Nevada, see General Electric Company

Blackmer Company, see Dover Corporation

Bran + Luebbe GmbH, see SPX Corporation

Brown (David) Union Pumps, see Textron Incorporated

Cardo AB

Centrilift, see Baker Hughes Incorporated

CH&E Pumps, see Cardo AB

Colfax Corporation

Corken Incorporated, see IDEX Corporation

Crane Company

Danaher Corporation

Dover Corporation

Ebara Corporation

Fairbanks Morse Pump Company, see Pentair

FARADYNE Motors, see ITT Industries and Pentair

FE Myers Company, see Pentair Incorporated

Flo-Pak, see Gorman-Rupp Company

Flojet Corporation, see ITT Industries Incorporated

Flowserve Corporation

Flowtronex PSI Incorporated, see ITT Industries

Franklin Electric Company Incorporated

Gardner Denver Incorporated

Gasboy International Incorporated, see Danaher

Gast Manufacturing Incorporated, see IDEX

GE Osmonics Incorporated, see General Electric

General Electric Company

Gilbarco Veeder-Root, see Danaher Corporation

GIW Industries Incorporated, see KSB AG

Gorman-Rupp Company

Goulds Pumps Incorporated, see ITT Industries

Graco Incorporated

Grundfos A/S

Hale Products Incorporated, see IDEX Corporation

Hamilton Sundstrand, see United Technologies

Hartell Pumps Company, see United Technologies

Haskel International, see United Technologies

Hoffman Specialty Manufacturing, see ITT Industries

Hydro-Aire Corporation, see Crane Company

HydroAir, see ITT Industries Incorporated

Hydromatic Pump Company, see Pentair Incorporated

Hypro Corporation, see Pentair Incorporated

IDEX Corporation

Illinois Tool Works Incorporated

IMO Pump, see Colfax Corporation

Ingersoll-Rand Company Limited

Invensys plc

IR ARO Corporation, see Ingersoll-Rand Company

ITT Industries Incorporated

ITW Binks, see Illinois Tool Works Incorporated

Jabsco, see ITT Industries Incorporated

JBD Incorporated, see Franklin Electric Company

Knight Equipment Incorporated, see IDEX Corporation

KSB AG

Lear Romec, see Crane Company

Lewis Pumps, see Weir Group plc

LIGHTNIN, see SPX Corporation

Liquid Controls Corporation, see IDEX Corporation

Liquid Metronics Incorporated, see United Technologies

Little Giant Pump Company, see Tecumseh Products

Maag Pump Systems Textron AG, see Textron

Marlow Pumps Incorporated, see ITT Industries

Micropump Incorporated, see IDEX Corporation

Milton Roy Company, see United Technologies

Moyno Incorporated, see Robbins & Myers Incorporated

MP Pumps Incorporated, see Tecumseh Products

Nuovo Pignone SpA, see General Electric Company

Oberdorfer Pumps Corporation, see Gardner Denver

Patterson Pump Company, see Gorman-Rupp Company

PBL Industries Incorporated, see Graco Incorporated

Pentair Incorporated

Phelps (Ellis K.) & Company, see ITT Industries

Pioneer Pump Incorporated, see Franklin Electric

Plenty Mirrlees Pumps, see SPX Corporation

Pompe Gabbioneta SpA, see Weir Group plc

Process Systems Incorporated, see Crane Company

Pulsafeeder Incorporated, see IDEX Corporation

Pumpex AB, see Cardo AB

Putzmeister Group

R&M Energy Systems Incorporated, see Robbins & Myers

Red Jacket Pumps, see Danaher Corporation

Rietschle Thomas Incorporated, see Gardner Denver

Robbins & Myers Incorporated

Rule Industries Incorporated, see ITT Industries

Schlumberger Limited

Schwing GmbH

Scivex Incorporated, see IDEX Corporation

SHURflo Pump Manufacturing Company, see Pentair

Spirax-Sarco Engineering plc

SPX Corporation

Sta-Rite Industries Incorporated, see Pentair

Sterling Fluid Systems BV

Sulzer Limited

Sundyne Corporation, see United Technologies

Tarby Incorporated, see Robbins & Myers Incorporated

Tecumseh Products Company

Textron Incorporated

Thomas Industries Incorporated, see Gardner Denver

Trebor International Incorporated, see IDEX

Tuthill Corporation

United Technologies Corporation

Versa-Matic Pump Company, see IDEX Corporation

Viking Pump Incorporated, see IDEX Corporation

Warren Pumps Incorporated, see Colfax Corporation

Warren Rupp Incorporated, see IDEX Corporation

Water Ace Pump Company, see Pentair Incorporated

Watson-Marlow Bredel Pumps Limited, see Spirax-Sarco

Waukesha Cherry-Burrell, see SPX Corporation

Weir Group plc

Welch Rietschle Thomas, see Gardner Denver

WICOR Industries Incorporated, see Pentair Incorporated

Wilden Pump & Engineering, see Dover Corporation

Williams Instrument Company, see United Technologies

Wright Pump Incorporated, see IDEX Corporation

Zenith Pumps, see Colfax Corporation

Other Pump Companies

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Environment

2 Manufacturers?f Shipments

3 Nonresidential Fixed Investment

4 Utilities Construction Expenditures

5 Production by Resource Extraction Industries

6 Fluid Handling Pump Market Volatility, 1995-2005

7 Fluid Handling Pump Price Deflators

8 World Pump Demand

9 US Foreign Trade in Pumps

SECTION III -- PRODUCTS

1 Fluid Handling Pump Supply & Demand by Type

2 Centrifugal Pump Supply & Demand

3 Single-Stage Centrifugal Pump Supply & Demand

4 Submersible Centrifugal Pump Supply & Demand

5 Other Centrifugal Pump Supply & Demand

6 Positive Displacement Pump Supply & Demand

7 Rotary Pump Supply & Demand

8 Reciprocating Pump Supply & Demand

9 Diaphragm Pump Supply & Demand

10 Turbine Pump Supply & Demand

11 Oilfield Pump Supply & Demand

12 Other Specialty Pump Supply & Demand

13 Pump Driver, Accessory & Part Supply & Demand

14 Pump Accessory & Part Shipments by Pump Type

15 Pump Driver Shipments by Pump Type

SECTION IV -- MARKETS

1 Fluid Handling Pump Demand by Market

2 Process Manufacturing Pump Demand by Market

3 Chemical & Pharmaceutical Shipments

4 Chemical Industry Pump Demand

5 Paper Product Shipments

6 Pulp & Paper Industry Pump Demand

7 Refined Petroleum Product Production

8 Petroleum Refining Pump Demand

9 Food & Beverage Shipments

10 Food & Beverage Industry Pump Demand

11 Primary Metal Product Shipments

12 Primary Metal Industry Pump Demand

13 Other Process Manufacturers Pump Demand

14 Utilities Pump Demand

15 Water Withdrawal Trends

16 Water & Sanitation Service Pump Demand

17 Electricity Generation by Fuel & Generator

18 Electric & Gas Utility Pump Demand

19 Resource Extraction Industry Pump Demand

20 Crude Petroleum & Natural Gas Supply & Demand

21 Crude Petroleum & Natural Gas Pump Demand

22 Mining Materials Handled

23 Mining & Other Resource Extraction Pump Demand

24 Construction Expenditures

25 Construction Industry Pump Demand

26 Other Fluid Handling Pump Markets

SECTION V -- INDUSTRY STRUCTURE

1 Revenue Data: Selected Pump Manufacturers, 2005

2 Selected Acquisitions & Divestitures

3 Selected Pump Manufacturing Plants by State

4 Capital Spending Patterns: Selected Pump Manufacturers

5 Composite Financial Ratios: Selected Pump Manufacturers

6 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Fluid Handling Pump Market Volatility, 1996-2005

2 Fluid Handling Pump Pricing Patterns

3 US Fluid Handling Pump Imports by Source, 2005

4 US Fluid Handling Pump Exports by Destination, 2005

SECTION III -- PRODUCTS

1 Fluid Handling Pump Demand by Type

2 Centrifugal Pump Shipments by Type, 2005

3 Positive Displacement Pump Shipments by Type, 2005

SECTION IV -- MARKETS

1 Fluid Handling Pump Demand by Market

2 Process Manufacturing Fluid Handling Pump

Demand by Market, 2005

SECTION V -- INDUSTRY STRUCTURE

1 Fluid Handling Pump Market Share by Company, 2005

2 Geographic Distribution of Pump Manufacturing Plants