Research and Markets: Global Industrial Pump Market 2011-2015 with ITT Corp., Flowserve Corp., KSB AG, and Sulzer Ltd. Dominating
Research and Markets (http://www.researchandmarkets.com/research/c38bdh/global_industrial) has announced the addition of the "Global Industrial Pump Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Industrial Pump market to grow at a CAGR of 3.47 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increase in infrastructural development. The Global Industrial Pump market has also been witnessing the development of micro disc pump technology. However, the increase in infrastructural development could pose a challenge to the growth of this market.
The other vendors mentioned in the report: Grundfos A/S, Ebara Corp., Weir Group plc, Baker Hughes Inc., Schlumberger Ltd., and Clyde Union Inc.
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.
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.
For more information visit http://www.researchandmarkets.com/research/c38bdh/global_industrial