Market Overview:
The global thermoplastic 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 thermoplastic pumps from various end-use industries, such as agricultural, commercial, and industrial sectors. In terms of type, the less than 2HP segment is expected to dominate the global thermoplastic pumps market during the forecast period. This can be attributed to their low cost and easy installation as compared with other types of pumps. In terms of application, the agricultural sector is expected to account for a major share of the global thermoplastic pumps market during the forecast period.
Product Definition:
Thermoplastic pumps are designed for continuous service in harsh environments. The thermoplastic pump housing is resistant to most acids and alkalis, and can handle high temperatures without damage. Thermoplastic pumps are commonly used in the chemical industry, but can also be found in other industries such as food processing and water treatment.
Less than 2HP:
The global less than 2HP market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the rising demand for thermoplastic pumps in various end-use industries such as food & beverages, chemical processing, and water treatment among others.
2-10HP:
2-10HP is a range of centrifugal pump with the capacity between 0.75 to 200 liters, which is widely used in various industries including food & beverage, chemical, and pharmaceutical. The 2-10HP thermoplastic pumps are manufactured using high quality materials such as stainless steel and carbon fiber for long term durability and performance.
Application Insights:
The industrial application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Thermoplastic pumps are used in various industries including oil & gas, chemical, petrochemical, power generation and marine among others owing to their properties such as non-contamination, low maintenance cost and high durability among other benefits.
The agricultural application segment is expected to register a significant CAGR during the forecast period on account of increasing use of thermoplastics pipes & fittings for irrigation purposes across the globe due to its lightweight property which reduces labor intensity required for irrigation work thereby improving overall productivity leading to increased revenue generated from agriculture activities globally.
Regional Analysis:
North America dominated the global thermoplastic pumps market in 2017. North America is a mature market and is driven by increasing demand from end-use industries, such as agriculture, commercial, and industrial. The U.S., being one of the most developed economies in the world has been witnessing steady economic growth over past few years which has led to an increased spending on construction activities across all sectors including residential, non-residential buildings like factories and offices etc., thereby driving product demand in HVAC & refrigeration applications as well.
Asia Pacific is expected to be one of the fastest growing markets for thermoplastic pumps with a CAGR of XX% from 2018 to 2030 owing to rapid urbanization resulting into increased infrastructure spending along with rising population primarily in China & India are some of the major factors contributing towards regional growth over next eight years.
Growth Factors:
- Increasing demand from end-use industries: The global thermoplastic pumps market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from end-use industries such as oil & gas, water & wastewater treatment, and chemical processing.
- Rising investments in infrastructure development: The growth of the thermoplastic pumps market is also attributed to the rising investments in infrastructure development across the globe. This is further supported by initiatives undertaken by governments for promoting economic growth and industrialization.
- Technological advancements: The advent of new technologies has led to innovations in pump design and manufacturing that have improved performance and efficiency of thermoplastic pumps, thereby driving their demand globally.
- Growing awareness about energy conservation: There is an increasing awareness among consumers about energy conservation measures which has led them to adopt more efficient pumping solutions such as thermoplastic pumps that consume less power as compared to traditional metal or rubber based pumpsets.. 5) Stringent environmental regulations: Stringent environmental regulations are compelling companies operating in various end-use industries to adopt more environment friendly pumping solutions such as thermoplastic pumps, which helps reduce emissions significantly
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermoplastic Pumps Market Research Report
By Type
Less than 2HP, 2-10HP, More than 10HP
By Application
Agricultural, Commercial, Industrial
By Companies
Pacer, Banjo, Hypro, Goulds Pumps, Peabody Engineering, PIUSI, SHOWFOU ELECTRIC MACHINE, Met-Pro, Koshin, Gorman-Rupp, Tapflo, Rovatti Pompe SpA, Sujal Engineering
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
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Thermoplastic Pumps Market Report Segments:
The global Thermoplastic Pumps market is segmented on the basis of:
Types
Less than 2HP, 2-10HP, More than 10HP
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
Agricultural, Commercial, Industrial
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:
- Pacer
- Banjo
- Hypro
- Goulds Pumps
- Peabody Engineering
- PIUSI
- SHOWFOU ELECTRIC MACHINE
- Met-Pro
- Koshin
- Gorman-Rupp
- Tapflo
- Rovatti Pompe SpA
- Sujal Engineering
Highlights of The Thermoplastic 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:
- Less than 2HP
- 2-10HP
- More than 10HP
- By Application:
- Agricultural
- Commercial
- Industrial
- 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 Thermoplastic 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?
Thermoplastic pumps are devices that use thermoplastic materials to create a flow of fluid. They can be used in a variety of applications, including water and oil extraction, chemical processing, and food production.
Some of the major players in the thermoplastic pumps market are Pacer, Banjo, Hypro, Goulds Pumps, Peabody Engineering, PIUSI, SHOWFOU ELECTRIC MACHINE, Met-Pro, Koshin, Gorman-Rupp, Tapflo, Rovatti Pompe SpA, Sujal Engineering.
The thermoplastic 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 Thermoplastic 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 Thermoplastic Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermoplastic 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 Thermoplastic 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 Thermoplastic Pumps Market Size & Forecast, 2020-2028
4.5.1 Thermoplastic Pumps Market Size and Y-o-Y Growth
4.5.2 Thermoplastic Pumps 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 Less than 2HP
5.2.2 2-10HP
5.2.3 More than 10HP
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 Agricultural
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermoplastic 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 Thermoplastic 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 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 Less than 2HP
9.6.2 2-10HP
9.6.3 More than 10HP
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 Agricultural
9.10.2 Commercial
9.10.3 Industrial
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 Less than 2HP
10.6.2 2-10HP
10.6.3 More than 10HP
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 Agricultural
10.10.2 Commercial
10.10.3 Industrial
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 Less than 2HP
11.6.2 2-10HP
11.6.3 More than 10HP
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 Agricultural
11.10.2 Commercial
11.10.3 Industrial
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 Less than 2HP
12.6.2 2-10HP
12.6.3 More than 10HP
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 Agricultural
12.10.2 Commercial
12.10.3 Industrial
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 Less than 2HP
13.6.2 2-10HP
13.6.3 More than 10HP
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 Agricultural
13.10.2 Commercial
13.10.3 Industrial
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 Thermoplastic Pumps Market: Competitive Dashboard
14.2 Global Thermoplastic Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pacer
14.3.2 Banjo
14.3.3 Hypro
14.3.4 Goulds Pumps
14.3.5 Peabody Engineering
14.3.6 PIUSI
14.3.7 SHOWFOU ELECTRIC MACHINE
14.3.8 Met-Pro
14.3.9 Koshin
14.3.10 Gorman-Rupp
14.3.11 Tapflo
14.3.12 Rovatti Pompe SpA
14.3.13 Sujal Engineering
