Wastewater Treatment Industry Will Remain the Largest End-User Segment for the Global Industrial Lobe Pump Market Until 2020, Says Technavio
According to the latest market study released by Technavio,
the global
industrial lobe pump market is expected to grow at a CAGR
of 13.58% during the forecast period.
This research report titled ‘Global
Industrial Lobe Pump Market 2016-2020’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This market research report also includes up to date analysis and
forecasts for various market segments and all geographical regions.
Request sample report: http://goo.gl/X5RgMH
Based on end-user, the report categorizes the global industrial lobe
pump market into three segments:
-
Wastewater treatment
-
Oil and gas
-
Food processing
Global industrial lobe pump market in wastewater treatment industry
Out of the 1,400 trillion cubic meters of water on our planet, fresh
water accounts for only 3%. Technavio’s estimation is that about 1.8
billion people still have no access to drinking water, while over 2.5
billion have no access to adequate sanitation services. In such a
scenario, wastewater
treatment becomes an important method of converting water from
domestic and industrial use into potable water that can be supplied to
those in need of it.
According to Gaurav Mohindru, a lead analyst at Technavio for research
on engineering
tools, “Wastewater treatment of is one of the primary
alternative methods of enhancing the earth's depleting water resources.
Constant demand for more freshwater and environmental concerns will have
a positive effect on the market in the future leading to increased
opportunities for lobe pump use. The demand is likely to originate from
expansion units, emerging plants, and upgrade units.”
Global industrial lobe pump market in oil and gas industry
Lobe pumps can pump abrasives, self-prime, and extract viscous
materials, and can pump at a steady flow up to 2,000 GPM at a constant
pressure, up to 150 psi. This has enabled their use in many oil and gas
applications, including the upstream and downstream sectors. Lobe pumps
are utilized in the oil and gas industry, mainly in exploration and
production activities, which involve the application and extrusion of
dense fluids like the feeding of drill fluid into the well, extraction
of drill mud, and pumping of viscous crude oil. Lobe pumps have to be
API 676 certified for use in the oil and gas sector.
The oil
and gas industry has witnessed widespread volatility in the
recent past in terms of crude oil prices and production uncertainties
largely due to the policies of major producers like Saudi Arabia and
Russia during 2014-2016.
Global industrial lobe pump market in food processing industry
A common problem that confronts the food
and beverage industry at various stages of the food
processing cycle is the presence of substantially large solids in the
pumping media. The solids need to be pumped without crushing or without
damaging the pump itself. The issue of high accuracy in adding or dosing
ingredients into processes also needs to be considered while selecting
the pump for the operation. The factors that compel the industry to opt
for lobe pumps are their gentle pumping action and the ability to handle
solids.
“Increasing population worldwide will also lead to an increase in demand
for food and other associated production. To meet the rising demands of
basic agricultural commodities like coarse grains, rice, and wheat,
there is a strong need to raise the production of these products, which
would result in an increased market for industrial lobe pumps,” says
Gaurav.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
Alfa Laval
-
Börger
-
Boyser
-
GEA Group
-
Wright Flow Technologies
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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