Pump Market Review

Shipments of fluid handling pumps in the U.S. showed gains in 2011, benefiting from improved domestic demand and export opportunities. Domestic demand improved due to modest gains in fixed investment spending. However, spending levels are still short of those reached in peak years, such as 2007 and 2008. The growth of oil drilling at shale plays—such as the Bakken and Eagle Ford—boosted pump shipments in 2011. Not only are pumps used in the extraction of oil, but they are necessary for additional infrastructure to connect new plays to the nation’s energy pipelines. Exports of U.S.-made industrial pumps rose in 2011, benefitting production levels. Exports to Canada posted strong gains, reflecting Canada’s strong energy sector. China, which is now the world’s largest consumer of pumps, is another growing market for U.S. exports. China’s ongoing industrialization requires significant imports of flow control equipment to serve many of its markets.

Table 1. 2011 value of pump shipments (1,000 dollars)

Pump Type	Value
Centrifugal	2,100
Reciprocating	370
Diaphragm	250
Rotary	420
Oilfield	700
Parts	2,200

Demand for pumps in the U.S. is expected to rise 6.8 percent annually through 2016, reaching more than $10 billion. In addition to the oil and gas market, advances will result from increased investment in the nation’s aging water and wastewater infrastructure. Rising output in the chemical and refining industries will also create opportunities.