Market Overview:
The global electric barrel pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric barrel pumps from various end-use industries, such as oils, solvents, and others. In addition, the growing demand for plastic electric barrel pumps is also contributing to the growth of this market.
Product Definition:
Electric barrel pumps are devices that use an electric motor to pump fluid from a container. They are often used to move fuel or other liquids from one place to another.
Steel:
Steel is a metal and has different forms such as cast iron, pig iron, steel sheet and carbon steel. It can be cold-rolled or hot-rolled depending on the requirements. Cold rolling reduces the overall cost of manufacturing but increases the time taken for processing which depends upon technology used for production. Steel is considered to be one of the most important metals owing to its various properties such as ductility, malleability, hardness and corrosion resistance among others.
Plastc:
Plastc is a plastic injection molding compound. It helps in producing complex molded parts with high accuracy and reliability at low cost. The technology is used to produce impellers, pump bodies, housings for electric barrel pumps, and other industrial equipment where high precision and reliability are required.
Application Insights:
The other application segment includes paints and coatings, adhesives, printing inks, cosmetics and personal care products. The demand for electric barrel pumps is expected to grow at a CAGR of XX% from 2018 to 2030 owing to the increasing use of electric motors in various end-use industries such as oil & gas and chemicals among others.
The oils segment dominated the global market with a revenue share of over 40% in 2017 due to extensive usage across refineries along with rising demand for crude oil worldwide which has resulted in an increased need for lubricants that reduce friction losses thus improving overall performance. In addition, growing investments by major players such as Saudi Arabia¢â‚¬â„¢s Public Investment Fund (PIF) are expected to drive growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing exponential growth in end-use industries such as chemicals, food & beverage, and oil & gas. This trend of rapid industrialization along with increasing investments from foreign players is anticipated to drive the regional market further.
The demand for electric barrel pumps in Europe was valued at USD X million in 2017 owing to stringent government regulations regarding energy consumption coupled with rising awareness about sustainable development among manufacturers operating within this region. Increasing use of electric motors results in significant reduction of power consumption, which is estimated to be around 30% less than that consumed by a standard motor using a similar flow rate at rated load conditions. These factors are projected to augment product demand over the forecast period.
Growth Factors:
- Increasing demand from the oil and gas industry for electric barrel pumps as a result of the growth in production of crude oil and natural gas.
- Growing demand for electric barrel pumps in Asia Pacific due to the increasing industrialization and urbanization in countries such as China and India.
- Rising investments by pump manufacturers in research and development to develop new technologies that can improve the performance of electric barrel pumps.
- Increasing awareness among end-users about the benefits of using electric barrel pumps over traditional mechanical pumps, which is driving their adoption across various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Barrel Pumps Market Research Report
By Type
Steel, Plastc
By Application
Oils, Solvents, Other
By Companies
Harbor Freight, Maxflow Pumps, Ambica Machine Tools, Finish Thompson, Colder Products Company, Pump Engineering, Fluidyne Instruments, Standard Pump, Bürkle, Ruhrpumpen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Electric Barrel Pumps Market Report Segments:
The global Electric Barrel Pumps market is segmented on the basis of:
Types
Steel, Plastc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oils, Solvents, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Harbor Freight
- Maxflow Pumps
- Ambica Machine Tools
- Finish Thompson
- Colder Products Company
- Pump Engineering
- Fluidyne Instruments
- Standard Pump
- Bürkle
- Ruhrpumpen
Highlights of The Electric Barrel Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Steel
- Plastc
- By Application:
- Oils
- Solvents
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Barrel Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric barrel pumps are used to move liquids and gas. They are powered by electricity and can be used in a variety of industries, including the food industry.
Some of the major companies in the electric barrel pumps market are Harbor Freight, Maxflow Pumps, Ambica Machine Tools, Finish Thompson, Colder Products Company, Pump Engineering, Fluidyne Instruments, Standard Pump, BƒÂ¼rkle, Ruhrpumpen.
The electric barrel pumps market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Barrel Pumps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Barrel Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Barrel Pumps Market - Supply Chain
4.5. Global Electric Barrel Pumps Market Forecast
4.5.1. Electric Barrel Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Barrel Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Barrel Pumps Market Absolute $ Opportunity
5. Global Electric Barrel Pumps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Barrel Pumps Market Size and Volume Forecast by Type
5.3.1. Steel
5.3.2. Plastc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Barrel Pumps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Barrel Pumps Market Size and Volume Forecast by Application
6.3.1. Oils
6.3.2. Solvents
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Barrel Pumps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Barrel Pumps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Barrel Pumps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Barrel Pumps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Barrel Pumps Demand Share Forecast, 2019-2026
9. North America Electric Barrel Pumps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Barrel Pumps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Barrel Pumps Market Size and Volume Forecast by Application
9.4.1. Oils
9.4.2. Solvents
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Barrel Pumps Market Size and Volume Forecast by Type
9.7.1. Steel
9.7.2. Plastc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Barrel Pumps Demand Share Forecast, 2019-2026
10. Latin America Electric Barrel Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Barrel Pumps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Barrel Pumps Market Size and Volume Forecast by Application
10.4.1. Oils
10.4.2. Solvents
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Barrel Pumps Market Size and Volume Forecast by Type
10.7.1. Steel
10.7.2. Plastc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Barrel Pumps Demand Share Forecast, 2019-2026
11. Europe Electric Barrel Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Barrel Pumps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Barrel Pumps Market Size and Volume Forecast by Application
11.4.1. Oils
11.4.2. Solvents
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Barrel Pumps Market Size and Volume Forecast by Type
11.7.1. Steel
11.7.2. Plastc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Barrel Pumps Demand Share, 2019-2026
12. Asia Pacific Electric Barrel Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Barrel Pumps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Barrel Pumps Market Size and Volume Forecast by Application
12.4.1. Oils
12.4.2. Solvents
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Barrel Pumps Market Size and Volume Forecast by Type
12.7.1. Steel
12.7.2. Plastc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Barrel Pumps Demand Share, 2019-2026
13. Middle East & Africa Electric Barrel Pumps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Barrel Pumps Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Barrel Pumps Market Size and Volume Forecast by Application
13.4.1. Oils
13.4.2. Solvents
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Barrel Pumps Market Size and Volume Forecast by Type
13.7.1. Steel
13.7.2. Plastc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Barrel Pumps Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Barrel Pumps Market: Market Share Analysis
14.2. Electric Barrel Pumps Distributors and Customers
14.3. Electric Barrel Pumps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Harbor Freight
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Maxflow Pumps
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ambica Machine Tools
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Finish Thompson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Colder Products Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pump Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fluidyne Instruments
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Standard Pump
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bürkle
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ruhrpumpen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
