Industry Analysis & Industry Trends
Players in the industry manufacture a wide range of pumps. Import and export trends have a significant influence on the industry, as exports account for a major share of industry revenue and imports satisfy a large chunk of domestic demand. However, both import and export values are inflated by re-exports. The industry has weathered extremely challenging conditions over the past five years. Domestic demand declined, fuelled by weak industry production activity and a reduction in investment undertaken by firms in the oil and gas sector. Meanwhile, import penetration has increased considerably and exacerbated the problems already affecting the industry... purchase to read more
Industry Report - Industry Products Chapter
Centrifugal pumps are the largest product segment in the industry and are expected to account for 37% of industry revenue in 2015-16. Centrifugal pumps are commonly used to move liquids through a system of pipes. Types of centrifugal pumps include centrifugal borehole pumps, centrifugal multi-stage segmental ring pumps and centrifugal pumps with discharge outlets. The share of revenue generated by this product segment is expected to have remained relatively stable over the past five years.
Positive displacement pumps
Positive displacement pumps are anticipated to generate 22% of industry revenue in 2015-16, making it the second-largest product segment in the industry. Pos.. purchase to read more