Pump & Compressor Manufacturing
Companies in this industry manufacture pumps, pumping equipment, and air and gas compressors. Major companies include Colfax, Flowserve, IDEX, ITT, and Xylem (all based in the US), as well as Atlas Copco (Sweden), Ebara (Japan), Grundfos (Denmark), Huayi Compressor (China), Ingersoll-Rand (Ireland), KSB (Germany), and Weir Group (Scotland).
The global market for fluid handling pumps is expected to see annual growth of 5.6% through 2022, reaching a value of about $84 billion, according to the Freedonia Group. The worldwide market for air compressors is forecast to reach nearly $27 billion by 2023, according to Allied Market Research, up from about $20 billion in 2016. Leading countries for pump and compressor manufacturing include the US, China, Germany, and Japan.
The US pump and compressor manufacturing industry includes about 720 companies with combined annual revenue of about $24 billion.
Manufacturers of fluid power pumps, motors, actuators, and cylinders -- devices powered by hydraulics or pneumatics -- are not included in this industry.
Demand depends primarily on the level of manufacturing and construction activity. Construction and maintenance in the chemical, petroleum, utilities, and water management industries is especially important. Large companies have economies of scale in purchasing and production. Smaller producers compete by focusing on specialized product offerings and superior customer service. The US industry is concentrated: the top 50 companies account for about 75% of industry revenue.
Pump and compressor imports, primarily from China, Mexico, Germany, Japan, and Canada, account for about 45% of the US market. China accounts for about one-quarter of all US imports. The top markets for US exports are Canada, Mexico, and China, and account for 40% of US production.
Products, Operations & Technology
Major product groups include pumps and pumping equipment (57% of industry revenue), air and gas compressors (36%), and measuring and dispensing pumps (7%).
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms