Abstract
Pumps demand worldwide to reach $36 billion in 2010
World pump demand is projected to rise over four percent per year through 2010
(including price increases) to $36 billion. This represents an improvement
over the 2000-2005 period, reflecting accelerating economic growth in much of
the developing world. Improving economic fundamentals -- especially fixed
investment levels -- will bolster most pump consuming sectors and strengthen
underdeveloped infrastructures in these regions. As a result, primary energy
consumption will increase, creating opportunities for pump suppliers in the
key energy production sector.
Developing nations in Asia,Eastern Europe to exhibit best growth prospects
The best prospects for pump suppliers will continue to be found in the
developing regions, especially Asia, where India and China are expected to
enjoy strong growth. Prospects are also favorable in Eastern Europe, where
manufacturing output is expected to post solid gains. Latin America and the
Africa/Mideast region will also register growth above the world average, but
will trail gains expected 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,
Western Europe and Asia/Pacific (i.e., Australia, Hong Kong, Japan, South
Korea and Taiwan). Although the pump markets in the US, Japan and Western
Europe will all register gains that will lag the global average through 2010,
all three will also see an improvement in their respective markets over the
performance of the 2000-2005 period.
View Cart
