US demand for fluid handling pumps is projected to increase 2.7 percent annually (including price increases) to $8.6 billion in 2010,
April 27, 2007 (Press Release) --
PUMPS TO 2010
US pumps demand to reach $8.6 billion in 2010
US demand for fluid handling pumps is projected to increase 2.7 percent annually (including price increases) to $8.6 billion in 2010, supported by solid growth in many process industries and significant electric and gas utility construction. In addition, aftermarket prospects among process manufacturers -- particularly in the chemical, petroleum refining, and pulp and paper industries because of the harsh fluids handled in these markets -- will remain healthy.
Additional Information
The introduction of new and better performing pumps will also boost growth. However, to the extent that the new pumps have longer lives, these improvements can also work to limit demand for replacement parts.
Fluid handling pump technology is relatively mature, with product innovation tending to be evolutionary in nature. Thus, most development tends to concern incremental improvements in materials of construction or product designs. However, occasionally new pump styles, such as the “canned magnet drive” pump -- which was introduced early in the decade -- are developed.
Utilities market to grow the fastest
Process manufacturing industries will remain the largest market for pump products, given the wide range of applications and significant fluid handling requirements in these industries. However, the utilities market will see the fastest demand increases, supported by strong gains in utility construction expenditures.
Centrifugal pumps to remain most widely used type
Centrifugal pumps will continue to be the most commonly used type, due to their wide pressure and load handling capability -- including the ability to handle liquids with a high solids content -- and relatively low maintenance costs. Technological innovations in corrosionand abrasion-resistance, downsizing and versatility, combined with continued development of sealless centrifugal pumps, will drive demand.
US pump imports to outpace exports, widen trade deficit
Shipments of fluid handling pumps from US facilities are forecast to rise 1.7 percent annually to $8 billion in 2010. Although the US traditionally ran a trade surplus in pumps, competition from imports eliminated this surplus early in the decade and the negative trade balance is expected to continue. Thus, while exports from the US will increase, the trade deficit is expected to widen through 2010.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=8555
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
PUMPS TO 2010
US pumps demand to reach $8.6 billion in 2010
US demand for fluid handling pumps is projected to increase 2.7 percent annually (including price increases) to $8.6 billion in 2010, supported by solid growth in many process industries and significant electric and gas utility construction. In addition, aftermarket prospects among process manufacturers -- particularly in the chemical, petroleum refining, and pulp and paper industries because of the harsh fluids handled in these markets -- will remain healthy.
Additional Information
The introduction of new and better performing pumps will also boost growth. However, to the extent that the new pumps have longer lives, these improvements can also work to limit demand for replacement parts.
Fluid handling pump technology is relatively mature, with product innovation tending to be evolutionary in nature. Thus, most development tends to concern incremental improvements in materials of construction or product designs. However, occasionally new pump styles, such as the “canned magnet drive” pump -- which was introduced early in the decade -- are developed.
Utilities market to grow the fastest
Process manufacturing industries will remain the largest market for pump products, given the wide range of applications and significant fluid handling requirements in these industries. However, the utilities market will see the fastest demand increases, supported by strong gains in utility construction expenditures.
Centrifugal pumps to remain most widely used type
Centrifugal pumps will continue to be the most commonly used type, due to their wide pressure and load handling capability -- including the ability to handle liquids with a high solids content -- and relatively low maintenance costs. Technological innovations in corrosionand abrasion-resistance, downsizing and versatility, combined with continued development of sealless centrifugal pumps, will drive demand.
US pump imports to outpace exports, widen trade deficit
Shipments of fluid handling pumps from US facilities are forecast to rise 1.7 percent annually to $8 billion in 2010. Although the US traditionally ran a trade surplus in pumps, competition from imports eliminated this surplus early in the decade and the negative trade balance is expected to continue. Thus, while exports from the US will increase, the trade deficit is expected to widen through 2010.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=8555
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
Email
Print
SPAM
