Industry Analysis & Industry Trends
The industry is projected to rebound in line with revival in key downstream markets, such as mining, drilling and agriculture. Additionally, credit conditions will ease and profit will rise, causing businesses to invest in machinery and equipment, which will bolster demand for industry products. However, rising import penetration will threaten overall growth... purchase to read more
Industry Report - Industry Products Chapter
Industrial pumps
Industrial pumps consistently account for the majority of industry revenue. These products include oil well and oil-field pumps (not to be confused with gas pumps for dispensing at service stations, which are included under other pumps); lubricating and cooling pumps for locomotives; hand pumps; pumps for water systems in homes and on farms; sump pumps less than one horsepower; and miscellaneous pumps not included above. Hydraulic fluid-power pumps are excluded. Demand for pumps has fallen during the past five years due to a contraction in municipal budgets. Reduced funding for infrastructure in municipalities has postponed expansion and maintenance of water treatment facilities. Also, the decline reflects the increased durability of pumps over this time... purchase to read more