Market Overview:
The global ASME process 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 oil and gas, chemical, and other applications across the globe. In terms of type, the horizontal ASME process pumps segment is expected to dominate the market during the forecast period owing to its high efficiency and low maintenance requirements. In terms of application, oil and gas is expected to be one of the fastest-growing segments in this market due to increasing investments in exploration and production activities across different regions.
Product Definition:
ASME Process Pumps are used in a variety of industries to move fluids from one location to another. They are an important part of many manufacturing and processing plants.
Horizontal ASME Pumps:
Horizontal ASME pumps are used to transfer fluids in horizontal, rather than vertical, direction. They can be used for various applications including chemical processing and food & beverage processing. Horizontal flow is easier to control as compared to vertical flow; hence it is more preferred by manufacturers of process equipment.
The growth factor in the market for horizontal ASME pumps is increasing demand from end-use industries such as chemicals, oil & gas.
Vertical ASME Pumps:
Vertical ASME pumps are used to transfer fluids in vertical position. They can be used for various applications including chemical, food & beverage and petroleum refining industries. These pumps are manufactured using different types of materials such as cast iron, steel and plastic.
Application Insights:
The oil and gas segment dominated the global market in 2017. The growth of this application can be attributed to the increasing demand for petroleum products across the globe. Moreover, technological advancements such as hydraulic fracturing coupled with high crude oil prices have led to an increased focus on shale gas exploration activities globally. This has resulted in a significant increase in process pumps used for various applications including well completions, water services, cementing services and production drives among others.
The chemical segment is expected to witness lucrative growth over the forecast period owing to factors such as growing demand for industrial solvents and cleaning agents across various end-use industries globally including automotive and electronics among others. Furthermore, stringent regulations regarding wastewater treatment are likely to propel industry expansion further over the coming years especially in developed economies of North America like U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for process pumps owing to rapid industrialization, urbanization, and economic growth. China is one of the largest markets for ASME pumps due to increasing investments in various sectors including oil & gas, power generation, water treatment plants among others.
The Middle East & Africa (MEA) region also contributed significantly toward market growth owing to rising demand from downstream industries including oil & gas and chemicals across countries such as Saudi Arabia and UAE among others. North America emerged as a promising regional market during the study period due to growing concerns regarding energy security across countries such as U.S.
Growth Factors:
- Increasing demand for energy and petrochemicals in developing countries is expected to drive the growth of the ASME process pumps market.
- Rising investments in infrastructure development projects, especially in Asia Pacific, is anticipated to boost the demand for ASME process pumps over the forecast period.
- Growing awareness about energy-efficient pump solutions among industrial end-users is projected to fuel the growth of this market during the forecast period.
- The increasing use of advanced technologies such as big data and analytics across various industries is likely to create new opportunities for ASME process pumps manufacturers in near future .
Scope Of The Report
Report Attributes
Report Details
Report Title
ASME Process Pumps Market Research Report
By Type
Horizontal ASME Pumps, Vertical ASME Pumps
By Application
Oil and Gas, Chemical, Others
By Companies
KSB, Flowserve, Ruhrpumpen Group, Dover (PSG), Pentair, Xylem, Sulzer, Grundfos, WILO, Torishima, Sundyne, CECO Environmental, Ebara Corporation, Richter, Kaiquan
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global ASME Process Pumps Market Report Segments:
The global ASME Process Pumps market is segmented on the basis of:
Types
Horizontal ASME Pumps, Vertical ASME Pumps
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
Oil and Gas, Chemical, Others
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:
- KSB
- Flowserve
- Ruhrpumpen Group
- Dover (PSG)
- Pentair
- Xylem
- Sulzer
- Grundfos
- WILO
- Torishima
- Sundyne
- CECO Environmental
- Ebara Corporation
- Richter
- Kaiquan
Highlights of The ASME Process 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:
- Horizontal ASME Pumps
- Vertical ASME Pumps
- By Application:
- Oil and Gas
- Chemical
- Others
- 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 ASME Process 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
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- 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?
ASME Process Pumps are a type of centrifugal pump used to move fluids and slurries. They can be found in industrial, commercial, and municipal settings.
Some of the key players operating in the asme process pumps market are KSB, Flowserve, Ruhrpumpen Group, Dover (PSG), Pentair, Xylem, Sulzer, Grundfos, WILO, Torishima, Sundyne, CECO Environmental, Ebara Corporation, Richter, Kaiquan.
The asme process pumps market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ASME Process Pumps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ASME Process Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ASME Process Pumps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ASME Process Pumps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ASME Process Pumps Market Size & Forecast, 2018-2028
4.5.1 ASME Process Pumps Market Size and Y-o-Y Growth
4.5.2 ASME Process Pumps Market Absolute $ Opportunity
Chapter 5 Global ASME Process Pumps Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 ASME Process Pumps Market Size Forecast by Type
5.2.1 Horizontal ASME Pumps
5.2.2 Vertical ASME Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ASME Process Pumps Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 ASME Process Pumps Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ASME Process Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ASME Process Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ASME Process Pumps Analysis and Forecast
9.1 Introduction
9.2 North America ASME Process Pumps Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ASME Process Pumps Market Size Forecast by Type
9.6.1 Horizontal ASME Pumps
9.6.2 Vertical ASME Pumps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America ASME Process Pumps Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe ASME Process Pumps Analysis and Forecast
10.1 Introduction
10.2 Europe ASME Process Pumps Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ASME Process Pumps Market Size Forecast by Type
10.6.1 Horizontal ASME Pumps
10.6.2 Vertical ASME Pumps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe ASME Process Pumps Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific ASME Process Pumps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ASME Process Pumps Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ASME Process Pumps Market Size Forecast by Type
11.6.1 Horizontal ASME Pumps
11.6.2 Vertical ASME Pumps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific ASME Process Pumps Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America ASME Process Pumps Analysis and Forecast
12.1 Introduction
12.2 Latin America ASME Process Pumps Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ASME Process Pumps Market Size Forecast by Type
12.6.1 Horizontal ASME Pumps
12.6.2 Vertical ASME Pumps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America ASME Process Pumps Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) ASME Process Pumps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ASME Process Pumps Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ASME Process Pumps Market Size Forecast by Type
13.6.1 Horizontal ASME Pumps
13.6.2 Vertical ASME Pumps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) ASME Process Pumps Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ASME Process Pumps Market: Competitive Dashboard
14.2 Global ASME Process Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KSB
14.3.2 Flowserve
14.3.3 Ruhrpumpen Group
14.3.4 Dover (PSG)
14.3.5 Pentair
14.3.6 Xylem
14.3.7 Sulzer
14.3.8 Grundfos
14.3.9 WILO
14.3.10 Torishima
14.3.11 Sundyne
14.3.12 CECO Environmental
14.3.13 Ebara Corporation
14.3.14 Richter
14.3.15 Kaiquan
