|Last Quarterly Update:||11/21/2016|
|SIC Codes:||3561, 3563, 3586|
|Industry Overview||Trends & Challenges||Industry Forecast|
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|Business Challenges||Financial Information||Glossary & Acronyms|
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 grow more than 5% per year through 2018, reaching a value of $84 billion, according to the Freedonia Group. The worldwide market for air compressors is forecast to reach $37 billion by 2022, according to Grand View Research. 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 $29 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, Germany, Mexico, Japan, and Canada, ...
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