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          1. Pump & Compressor Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 9/7/2020
            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 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 705 companies with combined annual revenue of about $26 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, ...

             
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