TechNavio today launched its report, Global Industrial Pump Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Industrial Automation team said: ”Development of micro disk pump technology is one the major trends in this market. This technology enables manufacturers to develop small size, energy-efficient disc pumps. The increasing trend of miniaturization, portability, and discrete operation such as medical devices, diagnostics and electronics, drives the demand for small, silent, energy-efficient, and high-performance pumps. The disc pump is already being used in wound therapy applications and now it is suited for other portable medical applications such as blood pressure measurement. In addition, disc pumps can be used in such micro-fluidic and industrial applications where size, noise, and controllability are important design factors.”
According to the report, there is an increase in the adoption of industrial pumps from several developing countries such as China, and India. Governments of these developing countries have taken various initiatives in the areas of Power, Agriculture, Chemical, Oil and Gas, Infrastructure, and Food and Beverage industries. In addition, increasing urbanization is another major driver for the growth of the Industrial Pump market in developing countries. This increasing urbanization is leading to a demand for Water and other Utility industries, thereby leading to the increased adoption of industrial pumps. Moreover, as the economic condition of these countries is expected to improve in the coming years, governments focus more on the urban development projects.
Further, the report reveals that the lack of product differentiation is one of the major threats for the growth of the Global Industrial Pump market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-industrial-pump-market-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Industrial Automation market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Industrial Pump Market 2011-2015
