Pump & Compressor Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 11/14/2022
SIC Codes: 3561, 3563, 3586
NAICS Codes: 33391
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Pump & Compressor Manufacturing Industry Profile

Companies in this industry manufacture pumps, pumping equipment, and air and gas compressors. Major companies include Enovis, 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 system market is expected to reach about $69.5 billion by 2026 at a compound annual growth rate of 3.9%, according to The Expresswire. 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.

The US pump and compressor manufacturing industry includes 900 companies with combined annual revenue of about $30 billion. Manufacturers of fluid power pumps, motors, actuators, and cylinders -- devices powered by hydraulics or pneumatics -- are not included in this industry.

COMPETITIVE LANDSCAPE

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 40% of the US market. China ...

 
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