Market Overview:
The global pump shafts 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 pump shafts in water conservancy facilities, industrial equipment, chemical equipment and other applications. Cast steel material is the most commonly used material for pump shafts and is expected to hold a major share of the market during the forecast period. However, stainless steel material is projected to grow at a higher CAGR than cast steel material due to its properties such as corrosion resistance and durability.
Product Definition:
Pump shafts are the main component of a centrifugal pump. The shaft is responsible for transmitting power from the motor to the impeller, which then causes water to be pumped through the system. Pump shafts are typically made from steel or stainless steel and must be strong enough to withstand high levels of stress. They also need to be precision-machined in order to ensure smooth operation and accurate water flow.
Cast Steel Material:
Cast steel material is a type of steel in which iron and carbon are melted together at the same time during manufacturing. It has high carbon content (as compared to pig iron), around 2.8-3.2%, and low silicon, 0.4-0.7%. The product has properties such as ductility, malleability, hardness, toughness and corrosion resistance; it also possesses great strength but is softer than Martensitic Steel (non-heat treated).
Stainless Steel Material:
Stainless steel material is a type of metal that exhibits high corrosion resistance and is used in various industries including food processing, chemical processing, automotive, oil & gas and marine. It has various properties such as ductility, malleability and workability which makes it suitable for use in pump shafts. The demand for stainless steel material is expected to witness growth over the forecast period owing to its increasing application scope in pump shafts along with growing awareness regarding its benefits among manufacturers.
Application Insights:
The demand for the product in water conservancy facilities was valued at USD 1,836.5 million in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to the stringent government regulations regarding environmental protection and increasing focus on developing water infrastructure across various regions globally.
Industrial equipment was estimated as the second-largest application segment with a volume share of 17.6% in 2017 and is projected to witness significant growth over the forecast period due largely to its abilityto tolerate high levels of contamination compared with other pumps, which reduces maintenance costs as well as provides long-term savings by reducing downtime for maintenance purposes. This factor has resulted in increased industrial applications globally since past decades, thereby driving market growth over recent years worldwide.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil & gas and mining companies in U.S. Moreover, growing demand for energy across various applications is expected to drive product demand over the forecast period.
Asia Pacific market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast years on account of rapid industrialization along with expanding water conservancy facilities due to increasing population especially in India, China, Indonesia, Malaysia Philippines Thailand Vietnam etc.
Growth Factors:
- Increasing demand for electric vehicles
- Growing construction and infrastructure activities
- Rising industrial output across the globe
- Proliferation of pump shafts manufacturers and suppliers
- Technological advancements in pump shafts manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Pump Shafts Market Research Report
By Type
Cast Steel Material, Stainless Steel Material, Duplex Steel Material, Other Materials
By Application
Water Conservancy Facilities, Industrial Equipment, Chemical Equipment, Others
By Companies
ITT Corporation, FLOWSERVE, KSB, WEIR, Welte-Wenu GmbH, ITT Corporation
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Pump Shafts Market Report Segments:
The global Pump Shafts market is segmented on the basis of:
Types
Cast Steel Material, Stainless Steel Material, Duplex Steel Material, Other Materials
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
Water Conservancy Facilities, Industrial Equipment, Chemical Equipment, 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:
- ITT Corporation
- FLOWSERVE
- KSB
- WEIR
- Welte-Wenu GmbH
- ITT Corporation
Highlights of The Pump Shafts 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:
- Cast Steel Material
- Stainless Steel Material
- Duplex Steel Material
- Other Materials
- By Application:
- Water Conservancy Facilities
- Industrial Equipment
- Chemical Equipment
- 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 Pump Shafts 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?
Pump shafts are the mechanical devices used to move water or other fluid substances up and down a pipe.
Some of the key players operating in the pump shafts market are ITT Corporation, FLOWSERVE, KSB, WEIR, Welte-Wenu GmbH, ITT Corporation.
The pump shafts 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 Pump Shafts 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 Pump Shafts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pump Shafts 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 Pump Shafts 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 Pump Shafts Market Size & Forecast, 2020-2028
4.5.1 Pump Shafts Market Size and Y-o-Y Growth
4.5.2 Pump Shafts Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Cast Steel Material
5.2.2 Stainless Steel Material
5.2.3 Duplex Steel Material
5.2.4 Other Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Water Conservancy Facilities
6.2.2 Industrial Equipment
6.2.3 Chemical Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pump Shafts 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 Pump Shafts 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Cast Steel Material
9.6.2 Stainless Steel Material
9.6.3 Duplex Steel Material
9.6.4 Other Materials
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 Market Size Forecast by Applications
9.10.1 Water Conservancy Facilities
9.10.2 Industrial Equipment
9.10.3 Chemical Equipment
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Cast Steel Material
10.6.2 Stainless Steel Material
10.6.3 Duplex Steel Material
10.6.4 Other Materials
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 Market Size Forecast by Applications
10.10.1 Water Conservancy Facilities
10.10.2 Industrial Equipment
10.10.3 Chemical Equipment
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Cast Steel Material
11.6.2 Stainless Steel Material
11.6.3 Duplex Steel Material
11.6.4 Other Materials
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 Market Size Forecast by Applications
11.10.1 Water Conservancy Facilities
11.10.2 Industrial Equipment
11.10.3 Chemical Equipment
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Cast Steel Material
12.6.2 Stainless Steel Material
12.6.3 Duplex Steel Material
12.6.4 Other Materials
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 Market Size Forecast by Applications
12.10.1 Water Conservancy Facilities
12.10.2 Industrial Equipment
12.10.3 Chemical Equipment
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Cast Steel Material
13.6.2 Stainless Steel Material
13.6.3 Duplex Steel Material
13.6.4 Other Materials
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) Market Size Forecast by Applications
13.10.1 Water Conservancy Facilities
13.10.2 Industrial Equipment
13.10.3 Chemical Equipment
13.10.4 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 Pump Shafts Market: Competitive Dashboard
14.2 Global Pump Shafts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ITT Corporation
14.3.2 FLOWSERVE
14.3.3 KSB
14.3.4 WEIR
14.3.5 Welte-Wenu GmbH
14.3.6 ITT Corporation
