End Suction Pump Market to Exceed U.S. $6.08 Billion

End suction pumps are finding a wide range of applications such as water dosing, fire suppression, and heating, ventilation, and air conditioning (HVAC) gas suction across hotels, gas stations, and others. On account of this, the market is expected to grow at a CAGR of 4.6% CAGR during the forecast period 2021-2031.

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Hence, increasing construction activities owing to the rapid urbanization across emerging economies such as China, India, and Japan among others is expected to create lucrative growth opportunities in the market.

Governments of several countries are emphasizing on expanding their manufacturing capacity. For instance, the Indian Government has initiated a 'Make in India' program to expand the manufacturing sector in the country.

Such initiatives to increase production of petrochemicals, processed food & beverage, chemicals, and others will boost the market. In response to this, end suction pump market is estimated to register 3.5% year-on-year growth in 2021.

Based on application, the industrial segment is projected to hold the lion's share in the market, accounting for more than 75% of the sales in 2021. Growing demand for end suction pumps for application in oil & gas, power generation, water treatment, and mining sector is facilitating the growth in the segment.

"Rising offshore and onshore oil gas exploration activities and rising emphasis on the development of wastewater infrastructure across the U.S., China, and India is expected to drive the growth in the market," says a FMI analyst.

Key Takeaways from Painting Robots Market Study

• The U.S. is anticipated to emerge as the most remunerative market in North America, creating an incremental opportunity of US$ 992.4 million through 2031.
• China is projected to register the fastest growth in East Asia, expanding at a CAGR of 5.1% over the forecast period.
• Germany is forecast to dominate the market in Europe, accounting for more than 20% of the demand share over the next ten years.
• On the basis of product type, close-coupled pumps are estimated to remain highly sought-after pumps in the market, accounting for nearly 80% of the sales in 2021.
• In terms of flow rate, the up to 100 GPM pumps segment is expected to hold the highest share, with sales totaling US$ 1.6 billion by 2031.

Key Drivers

• Increasing adoption of end suction pumps for concrete, oil, gas, water, and slurry transfer purposes in the construction, water treatment, and oil & gas industries is increasing the sales across the industrial segment.
• Growing emphasis on enhancing irrigation facilities for increasing yield across the agricultural sector in developing economies such as India and China is expected to propel the demand.

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Key Restraints

• High cost of end-suction pumps compared to conventional ones is a primary factor hindering the sales in the market.

Increasing customer inclination towards the use of renewable eco-friendly fuels is slumping the oil & gas sector, which in turn might hamper the growth in the market.

Competitive Landscape

Leading companies operating in the global market are Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation, Ebara Corporation, Kubota Corporation and others. As per Future Market Insights, the top 10 players are estimated to account for more than 15% of the market share in 2021.

Key players are focusing on launching new products to expand their product portfolio. Some of the companies are aiming for strategic collaborations and partnerships with other manufacturers, local dealers, and service providers to strengthen their global footprint. For instance,

• In August 2021, Roto Pumps, a leading manufacturers & suppliers' industrial pumps announced entering into a membership with British Pump Manufacturer Association (BPMA). The strategy will assist the company to strengthen its footprint and expand its market share in European pump industry.
• In 2018, Sulzer, a Swiss industrial engineering and manufacturing firm, announced expanding its portfolio by introducing a new centrifugal pumps with the end-suction single-stage design to meet the process requirements in a variety of industrial applications.