Pump Sales to Hit $34 Billion in 2007
More than 10,000 manufacturers make a range of pump types. The top five suppliers have sales of just under $6 billion (22 percent of the total market). The second tier of five companies has just 10 percent of the market; the third tier makes up 5.5 percent of the market share; and the next five have a combined market share of 4 percent. The top 45 companies have a combined market share of 50 percent. The thousands of other manufacturers all have sales of less than $50 million, with the majority having sales of less than $1 million.
According to McIlvaine, centrifugal pumps will continue to garner the bulk of the revenues. Sales in this category will grow by $4 billion from $21.9 billion in 2003 to $25.8 billion in 2007. Sales of rotary, reciprocating and diaphragm pumps will grow more rapidly but from a small base and rotary pump sales will exceed $3.5 billion in 2007.
According to the report, municipal wastewater plants will continue to be the largest purchasers with municipal water treatment (drinking water) in second place. The chemical and refining industries will be the third and fourth largest segments in 2007. The pharmaceutical industry is the fastest growing segment, reaching a $500 million sales level in 2007.
For information about the report, visit www.mcilvainecompany.com/water.html#N019 or call (847) 784-0012.