Top 10 Pumps and Motors Market

Some of the Key Players Operating in the Market Include ABB Ltd. (Switzerland), and Grundfos Group (Denmark) in the Top 10 Pumps and Motors Market

The growth in the Top 10 pumps and motors market is primarily driven by factors such as upgradation of old power infrastructure, increased investments in renewable energy, increasing industrialization, and growing urban population, among others. The Asia-Pacific is estimated to be the largest market for pumps and motors in 2016, and this trend is projected to continue till 2021.

The Top 10 pumps and motors market includes both global and small regional players. Some of the key players operating in the market include ABB Ltd. (Switzerland), Danfoss A/S (Denmark), Eaton Corporation Plc. (Ireland), Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), Grundfos Group (Denmark), Sulzer Ltd (Switzerland), Xylem Inc. (U.S.), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Siemens AG (Germany), and Toshiba International Corporation (Japan).

Growth strategies adopted by key players in the Top 10 pumps and motors market include mergers & acquisitions, new product launches, contracts & agreements, and expansions. New product launches was the most commonly adopted strategy, constituting more than fifty percent of the total share of developments. The industry also adopted contracts and agreements as the second most popular strategy in the past 4 years (2013–2016).

ABB Ltd. (Switzerland) is among the leading players in the motors market. ABB has adopted almost all strategies, right from product launches to global ventures in order to grow and sustain in the market. It has a wide range of products catering to the specific needs of its customers. In May 2016, ABB received a contract from POSCO Pohang works (South Korea) to replace twin DC motors and associated drives with new AC motors and drive technology for rolling mills. ABB will supply three AC motors, ACS6000 multidrives, used F1F2F3 finishing mill with AMZ synchronous motors, and local operation panels. This contract will help the company to strengthen its position in Asia. With such contracts ABB Ltd. (Switzerland) is trying to expand into newer markets.

Grundfos Group (Denmark) is another leading global player in the pumps market. It is trying to position itself as a pioneer in this field. Grundfos Group (Denmark) is also focusing on contracts and agreements in order to sustain in the market. For example, in 2015, Grundfos won the contract from a water park at Beijing to deliver pumping solutions. The pumping station was delivered as a turnkey product, equipped with pumps, tanks, pipes, and valves and built-in control units which is energy efficient.

Other prominent players in the Top 10 pumps and motors market include Xylem Inc. (U.S.), Flowserve (U.S.), Siemens AG (Germany), Eaton Corporation Plc (Ireland) and Schneider Electric SE (France), among others.

Related Reports:

Top 10 Pumps and Motors Market Pumps (Intelligent Pump, High Pressure Pump, Cryogenic Pump, Diaphragm Pump, Submersible Pump), Motors (Gear Motor, Permanent Magnet Synchronous, Motor Control Center, Motor Soft Starter, & AC Drives) - Global Forecast to 2021

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Report Code
EP 4959
Published ON
Jan, 2017
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