Top 10 Pumps and Motors Market Worth 100.66 Billion USD by 2021

Friday 3 February 2017, Amsterdam

The report, now available on ASDReports, "Top 10 Pumps and Motors Market Pumps (Intelligent Pump, High Pressure Pump, Cryogenic Pump, Diaphragm Pump, Submersible Pump), Motors (Gear Motor, Permanent Magnet Synchronous, Motor Control Center, Motor Soft Starter, & AC Drives) - Global Forecast to 2021", The Top 10 pumps and motors market is expected to grow from an estimated USD 71.01 Billion in 2016 to USD 100.66 Billion by 2021. Factors such as upgradation of old power infrastructure, increased investments in renewable energy, increasing industrialization, and growing urban population are driving the market globally.

Intelligent pump is the largest segment of the pumps market

In terms of market, the intelligent pumps segment held the largest market size in 2015. Factors such as increasing industrialization, increasing usage of renewable sources such as wind and solar energy for power generation, focus on energy efficiency is positively influencing the growth of the intelligent pumps market.

Permanent magnet synchronous motors segment is the largest in the motors market

In terms of market the permanent magnet synchronous motors segment held the largest market size in 2015. Factors such as power plant modernization and refurbishment, increasing demand for energy-efficient motors, increasing use of low-cost ferrite permanent magnets, increased demand from the industrial sector would spur the growth of the market for the permanent magnet synchronous motors.

Asia-Pacific is the dominant market for Top 10 pumps and motors

Asia-Pacific is the largest market for most of the products in top 10 pumps and motors market. In the Asia-Pacific, the growth of the Top 10 pumps and motors market can be attributed to factors such as a focus on energy efficiency, increasing industrialization, and growing urban population, among others. Factors such as increasing gas-based generation, development in water and wastewater & sanitation sector also aids in market growth.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of companies, namely, ABB Ltd. (Switzerland), Danfoss A/S (Denmark), Eaton Corporation Plc. (Ireland), Emerson Electric Co., (U.S.),  Flowserve Corporation (U.S.) , General Electric (U.S.), Grundfos Group (Denmark), Sulzer Ltd (Switzerland), Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Rockwell Automation Inc. (U.S.), Weg Sa (Brazil), Xylem Inc. (U.S.), Yaskawa Electric Corporation (Japan),  Schneider Electric SE (France), Siemens AG (Germany), and Toshiba International Corporation (Japan) among others.