Market Overview:
The global electric driven drum pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric driven drum pumps in various applications such as the petroleum industry, chemical industry, and other industries. Additionally, the growing demand for electric driven drum pumps in emerging countries is also contributing to the growth of this market. On the basis of type, gear pumps are expected to dominate the global electric driven drum pump market during the forecast period from 2018 to 2030. Gear pumps offer high performance and are suitable for handling viscous fluids.
Product Definition:
An electric driven drum pump is a device that is used to pump fluid from a container, such as a drum, into another container. The electric driven drum pump is important because it allows for the transfer of fluids without having to use manual labor. This can be helpful in many situations, such as when there are large amounts of fluid that need to be transferred or when the user needs to avoid contact with the hazardous material being transferred.
Gear pump:
Gear pump is a mechanical device used to transmit torque. It is mostly used in reciprocating pumps, centrifugal pumps, and rotary vane pumps. The prime applications of gear pump are in the oil & gas industry for moving liquid with higher viscosity at low speed and high flow rate using an electric motor as a driven unit.
The global gear pump market size was valued at USD 1,849.7 million in 2016.
Screw pump:
Screw pump is a mechanical device used to move liquid by applying screws to the surface of liquids. It is mostly used in applications, where flow rate and pressure are the primary factors. The working principle of screw pumps can be simply understood as follows: A fluid flows through an orifice provided at the end of a tube, which has turned into a helical channel due to spiral-shaped marks on it.
Application Insights:
The petroleum industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for crude oil and natural gas across the globe. Petroleum-based fuels are used globally as they provide high energy content with low environmental impact, which makes them an ideal solution for sustainable development.
Petroleum products such as diesel and gasoline are refined from crude oil using various techniques such as distillation, reformation, cracking etc., before they are used in their conventional forms or converted into synthetic fuel (gasoline). Electric driven pumps assist refineries in moving large volumes of liquids required during processing without creating any pollution on account of their low power consumption requirement. These types of pumps consume electricity generated through fossil fuels thus contributing towards sustainable development along with other applications mentioned above.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. These countries are experiencing strong economic growth owing to various factors such as low population density, high per capita income of households & individuals along with rapid industrialization & urbanization.
China emerged as a major consumer for driven electric pumps across the globe due to presence of numerous chemical manufacturing companies in that country. In addition, growing demand for water from residential sectors has augmented product demand across many Chinese cities including Shanghai and Beijing over last few years which further boosted regional growth during recent pasts years.
Growth Factors:
- Increasing demand from the end-user industries for electric driven drum pump owing to its features such as low noise, easy installation and commissioning, and high performance.
- Rising awareness about the benefits of electric driven drum pump among the consumers is anticipated to fuel the growth of this market in near future.
- Growing investments by key players in research and development activities to develop advanced products is likely to propel the growth of this market over next few years.
- Increasing number of distribution channels across different regions is projected to boost the sales of electric driven drum pumps in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Driven Drum Pump Market Research Report
By Type
Gear pump, Screw pump, Vane pump
By Application
Petroleum Industry, Chemical Industry, Other
By Companies
Lutz, Finish Thompson, Flux, Graco Inc, ARO, Standard Pump, Koshin, Serfilco, Xylem, Verder
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Electric Driven Drum Pump Market Report Segments:
The global Electric Driven Drum Pump market is segmented on the basis of:
Types
Gear pump, Screw pump, Vane pump
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
Petroleum Industry, Chemical Industry, 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:
- Lutz
- Finish Thompson
- Flux
- Graco Inc
- ARO
- Standard Pump
- Koshin
- Serfilco
- Xylem
- Verder
Highlights of The Electric Driven Drum Pump 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:
- Gear pump
- Screw pump
- Vane pump
- By Application:
- Petroleum Industry
- Chemical Industry
- 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 Driven Drum Pump 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 driven drum pump is a type of centrifugal pump that uses an electric motor to drive the rotational motion of the impeller. This type of pump is typically used in applications where high flow rates are required, such as water treatment plants and chemical processing plants.
Some of the major companies in the electric driven drum pump market are Lutz, Finish Thompson, Flux, Graco Inc, ARO, Standard Pump, Koshin, Serfilco, Xylem, Verder.
The electric driven drum pump market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Driven Drum Pump 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 Driven Drum Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Driven Drum Pump Market - Supply Chain
4.5. Global Electric Driven Drum Pump Market Forecast
4.5.1. Electric Driven Drum Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Driven Drum Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Driven Drum Pump Market Absolute $ Opportunity
5. Global Electric Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Type
5.3.1. Gear pump
5.3.2. Screw pump
5.3.3. Vane pump
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Application
6.3.1. Petroleum Industry
6.3.2. Chemical Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump Demand Share Forecast, 2019-2026
9. North America Electric Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Application
9.4.1. Petroleum Industry
9.4.2. Chemical Industry
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 Driven Drum Pump Market Size and Volume Forecast by Type
9.7.1. Gear pump
9.7.2. Screw pump
9.7.3. Vane pump
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 Driven Drum Pump Demand Share Forecast, 2019-2026
10. Latin America Electric Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Application
10.4.1. Petroleum Industry
10.4.2. Chemical Industry
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 Driven Drum Pump Market Size and Volume Forecast by Type
10.7.1. Gear pump
10.7.2. Screw pump
10.7.3. Vane pump
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 Driven Drum Pump Demand Share Forecast, 2019-2026
11. Europe Electric Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Application
11.4.1. Petroleum Industry
11.4.2. Chemical Industry
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 Driven Drum Pump Market Size and Volume Forecast by Type
11.7.1. Gear pump
11.7.2. Screw pump
11.7.3. Vane pump
11.8. Basis PointShare (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 Driven Drum Pump Demand Share, 2019-2026
12. Asia Pacific Electric Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Application
12.4.1. Petroleum Industry
12.4.2. Chemical Industry
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 Driven Drum Pump Market Size and Volume Forecast by Type
12.7.1. Gear pump
12.7.2. Screw pump
12.7.3. Vane pump
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 Driven Drum Pump Demand Share, 2019-2026
13. Middle East & Africa Electric Driven Drum Pump 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 Driven Drum Pump 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 Driven Drum Pump Market Size and Volume Forecast by Application
13.4.1. Petroleum Industry
13.4.2. Chemical Industry
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 Driven Drum Pump Market Size and Volume Forecast by Type
13.7.1. Gear pump
13.7.2. Screw pump
13.7.3. Vane pump
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 Driven Drum Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Driven Drum Pump Market: Market Share Analysis
14.2. Electric Driven Drum Pump Distributors and Customers
14.3. Electric Driven Drum Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lutz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Finish Thompson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Flux
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Graco Inc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ARO
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Standard Pump
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koshin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Serfilco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xylem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Verder
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
