The 2023-2028 World Outlook for Industrial Pumps

This study covers the world outlook for industrial pumps across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. This study covers industrial pumps as defined by the North American Industrial Classification system or NAICS (pronounced "nakes"). The NAICS code for industrial pumps is 33391114. It is for this definition that aggregate latent demand estimates are derived. Industrial pumps is specifically defined as follows: 33391114 Industrial pumps, except hydraulic fluid power pumps, automotive circulating pumps, and measuring and dispensing pumps 3339111401 Value of drivers (motors, engines, hydrostatic transmissions, etc.) sold with industrial pumps 3339111411 Centrifugal pumps, sewage type (non submersible), vertical or horizontal with nonclog impeller, 12 in. and under 3339111412 Centrifugal pumps, sewage type (non submersible), vertical or horizontal with nonclog impeller, more than 12 in. 3339111424 Centrifugal pumps, submersible effluent type (less than 1 in. solids handling capacity), less than 1 hp 3339111425 Centrifugal pumps, submersible effluent type (less than 1 in. solids handling capacity), 1 hp and over 3339111428 Centrifugal pumps, submersible solids handling type (solids 1 in. to 2 in. inclusive), 1/2 hp or less 3339111429 Centrifugal pumps, submersible solids handling type (solids 1 in. to 2 in. inclusive), more than 1/2 hp 333911142C Centrifugal pumps, submersible nonclog type (greater than 2 in. solids handling capacity), 3 in. discharge and under 333911142E Centrifugal pumps, submersible nonclog type (greater than 2 in. solids handling capacity), discharge more than 3 in. but less than 7 in.