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Structure

The value of the pump market in 2016 was estimated at ca. $39 billion covering pumps and prime movers (e.g. electric motors) but excluding parts. Because of either a lack of relevant data and/or poor quality data in many less developed countries, the above value relates to 63 countries. It is however, a good proxy for global market size. Compound annual market growth rates (CAGR) are also indicated on a historical and forecast basis.

Within each of the end uses highlighted above, pumps are used in a wide range of applications.

In addition, for each application the broad characteristics of the pumps (standard, engineered, or special purpose) are indicated. These are rather fluid definitions and as technology and manufacturing processes improve, pumps characterised as e.g. engineered may move into the standard category.

Standard (STD)

The main characteristic of standard pumps is that they are produced in large quantities at relatively low unit cost. Performance ranges in terms of flow and head are very wide. For pumps such as boiler circulators, produced globally in millions of units, high levels of automation are used to maximise economies of scale. Materials used range from stainless steel, to cast iron. Standard pumps may be “standard” for particular applications – so that single stage submersible pumps can be thought of as standard to the waste water treatment and construction dewatering sectors, rotary lobe pumps are standard to the food processing sector although both types of pumps are used extensively in other end uses.

Engineered (ENG)

Generally of large size, built to high specification, and higher price. In specification terms, conformity with API 610 is a good (but not infallible) indicator of an engineered pump. Many of the pumps used in oil refinery process come under the engineered category. Other end uses with a large requirement for pumps in this category include power generation  and oil and gas exploration and production. However, many other end uses often have a requirement for this type of pump albeit quantities required are generally smaller.

Special Purpose (SPE)  

Special purpose pumps are required where both standard and engineered pumps cannot provide an efficient pumping solution. They are produced in relatively small numbers, can be highly customised and command a price premium over standard and engineered pumps e.g for a pump used in a particularly demanding applications such as sub sea oil extraction, unit prices of up to $5 – 10 million are not uncommon.