Global Barrel Pump Market: Industry Analysis And Forecast (2020-2026)

By Author: manoj
Total Articles: 121
Comment this article

Global Barrel Pump Market size was valued at US$ 3400 Mn. in 2019 and expected to reach US$ 4250 Mn. by 2019 at a CAGR of 3.8% during the forecast period.

The Global Barrel Pump market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Barrel Pump report also provides trends by market segments, technology, and investment with a competitive landscape.

Global Barrel Pump Market

To know about the Research Methodology :- Request Free Sample Report

2019 is considered as a base year to forecast the market from 2021 to 2026. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2026. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

The report has covered the market trends from 2015 to forecast the market through 2026. 2019 is considered a base year however 2020’s numbers are on real output of the companies in ...
... the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Though market forecasting through 2026 is based on real output, demand, and supply of 2019, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2026 is done based on past data from 2015 to 2019 with the impact of global lock down on the market in 2020 and 2021.
Global Barrel Pump Market Overview:

Barrel pumps are designed to pump or transfer any chemical including hazardous chemicals, radioactive chemicals, organic chemicals, and others. Different pumps require different lengths, models, and motor specifications according to industry applications. In addition, barrel pumps are generally used in chemical and oil & gas treatment plants for transferring the additives in the mixture. Moreover, barrel pumps are used in the food and beverages sector for the purpose of mixing essential oils and natural ingredients in the product for taste enhancement purposes. Moreover, lever, diaphragm, siphon, piston, and others are the key types of designs used for pumping operations. The global barrel pump market is expected to register a CAGR of approximately 3.8% during the forecast period owing to above mentioned operational demands.
Global Barrel Pump Market Dynamics:

Challenges faced by operators to transfer the hazardous chemicals, corrosive substances, and others at the working sites and increasing need to avoid the wastage of spillage the expensive chemicals across the end-use industries are the factors considered to drive the growth of the market. In addition, the portability and lightweightness of barrel pumps have adhered the growth of the product in pharmaceutical, food and beverages, oil and gas and chemical sectors.

Import and export cost is typically determined by the weight of the shipment and volume of the total products on the board. According to a study by National Oceanographic Data, the volume of the products is generally a major issue for bulk transporters and FMCG goods carriers. Barrel pumps provide the required weight reduction to the carriers which results in transportation cost reduction and hence, the above factor is considered to drive the growth of the barrel pump market across the globe.

Reducing the chances of accidents by spillage of hazardous chemicals or corrosive material on operators is the important advantage of barrel pumps and ultimately the key growth factor considered to augment the growth of the demand for barrel pumps in the market. The restraining factors for the barrel pump market is specifically analyzed and mentioned in the report.

Most of the barrel pumps are available in the range of 50 mm intake hose diameter and the restriction of the space has resulted in handling of slurries and solid viscous material at the bottom of the barrels. The above-mentioned factor is expected to pose a challenge for the barrel pump manufacturers during the forecast period.

Many prominent players in the market are investing in the redesigning of the barrel pumps to achieve the required ideal head pressure and highest flow rate for highly viscous chemicals which is posing as opportunities for the emerging players in the market. In addition, increasing need to address upper-temperature limits inside the barrels is the factor expected to adhere to the growth of the demand for barrel pumps in the market. Recently, Flowreserve Corporation has announced a tie-up with Pfizer India in vaccine manufacturing and made a deal to provide approximately 1500 barrel pumps for the manufacturing facility in India and UK sites.
Global Barrel Pump Market Segment Analysis:

Global Barrel Pump Market 1
Centrifugal Pumps Segment is dominating the Barrel Pump Market:

According to ONGC, centrifugal pumps are dominating the demand side of the market owing to special characteristics of centrifugal pumps including achievable head and pulsation rate compensation provided by them. Centrifugal pumps come in different designs including multiple impeller design, single impeller design, splash mounting design, and others. In addition, almost all pump types including screw type, positive displacement, and others are designed according to centrifugal pump dimensions.

Liquids of medium and high viscosity offers resistance for pumping and hence, centrifugal pumps becomes the ideal design for the barrel pumps. Cavity designs development in barrel pump by prominent players including Flowserve Corporation, EBARA Corporation, Groundfos and others is the key factor considered to drive the growth of the segment in the market.
15-30 Gallon Containers segment is considered to supplement the growth of Barrel Pump Market:

Specific container size is required to manufacture every barrel pump. Moreover, the typical flow rates of barrel pumps are approximately 20-150 liter/min for non-viscous fluids and 60 liter/min for viscous fluids. 15-30 gallon containers have smaller lengths and hence, can be manually operated as per the operator choice. Moreover, smaller lengths of pump tubes required for 15-30 gallon barrels saves the additional cost for the servicing of barrel pumps at the point of maintenance.

In addition, increasing development in interchangeability of parts and thereby, increasing use of small-sized containers for transportation purpose by manufacturers is the key factor expected to drive the growth of the demand for barrel pumps in the market.
Electric barrel Pumps: Emerging Trend in the Global Barrel Pump Market:

Demand for electrification has risen exponentially across the globe and the barrel pump market is no excuse for it too. Many barrel pump manufacturers are heavily investing in motor downsizing and compact designing of the product to make it compatible for use in any environment and any case. In addition, the use of an electric motor rather than a hand-operated crank mechanism or manual crank machine has saved valued time in transportation and material handling cost-cutting in recent years. Hence, electric barrel pumps are considered to pose a key trend for market growth.

According to International Shipping Federation Analytics and Survey 2020, power-driven capability of electrically operated barrel pumps varies from 15 volt to 110 volt and additional 26 gallons of chemicals can be pumped by electric pumps. Moreover, increasing maritime shipment volumes across the globe and capability of electrically powered barrel pumps on a battery are the factors considered to drive the growth of the barrel pump market.

Global Barrel Pump Market 2
COVID Impact on the Global Barrel Pump Market:

According to UN International Maritime Organization, the transportation sector is mostly hampered amid the pandemic period as shipments are halted owing to stringent lockdown conditions and sealing of boundaries and waterways by different governments as safety precautions. Moreover, the chemical sector has also sustained heavy damage as demand for oil, FMCG and industrial chemicals have drastically reduced in the 3rd and 4th quarters of 2020 and 1st quarter of 2021 and thereby reducing the demand for barrel pumps by 26.2% in the period.

According to the Society of Chemical manufacturers and Affiliates, increasing popularity for benefits of Barrel Pump across the chemicals, oil and gas and food and beverages sectors and rescheduling of manufacturing and transportation capabilities of OEMs post restriction period are the factors considered to drive the growth of the market during the forecast period. Moreover, many manufacturers are integrating the pumping technology in barrel pump manufacturing to provide the most effective performance with fewer cost options for the consumers which in turn is expected to reduce the strain on the market players in terms of revenue generation. Moreover, the chemical the industry is estimated to grow by approximately 26% in 2021 owing to the fastest growing pace of chemical products across emerging economies in the world.
Global Barrel Pump Market Regional Insights:

North America holds the prominent share in the barrel pump market owing to the high investment of key players in the region and the well-established chemical industry across the domestic market. Moreover, established manufacturers in the market including Grundfos, Flowserve Corporation and others is the factor attributing the growth of the market in the region. Increasing oil field search expeditions in the US and emerging specialty chemical manufacturing industry across the region are the factors considered to augment the growth of the North American regional market.

APAC is expected to pose as the prominent region in the Barrel Pump Market owing to well established chemical and food and beverages manufacturing industry across the region and implementation of electric barrel pumps in the regional factories. China holds the prominent share in the market followed by India, Japan, Korea, and others owing to emerging oil and gas pipelining projects across the globe and increasing the support given by governments to the chemical and additives manufacturing sector.

Europe holds a prominent share in the market owing to high technological adoptions and the growing equipment manufacturing sector across the region. According to IFFFA, increasing penetration of manual tools across the market is the key factor considered to restrain the market growth in the region. Germany and UK hold a prominent share in the regional market owing to the rapid growth of food and beverages and specialty chemicals manufacturers across the region.

Global Barrel Pump Market 3

The objective of the report is to present a comprehensive analysis of the Global Barrel Pump Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Barrel Pump Market dynamics, structure by analyzing the market segments and project the Global Barrel Pump Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Barrel Pump Market make the report investor’s guide

For More Information Visit @:

https://www.maximizemarketresearch.com/market-report/global-barrel-pump-market/113017/
Global Barrel Pump Market Scope:

Global Barrel Pump Market, by Region

• North America
o US
o Canada
o Mexico
• Europe
o U.K
o France
o Germany
o Italy
o Spain
o Sweden
o CIS Countries
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o ASEAN
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Egypt
o Nigeria
o Rest of ME&A
• South America
o Brazil
o Argentina
o Rest of South America
Global Barrel Pump Market Key Players

• Grudfos
• Schlumberger Ltd.
• Flowserve Corporation
• Ebara Corporation
• Wilhelmsen Holding SA
• JESSBERGER GmbH
• Graco, Inc.
• Burkle GmbH
• Finish Thompson, Inc.
• Ruhrpumpen
• Fluidyne Instruments Pvt. Ltd.
• Lutz Pumps, Inc.
• FLUX
• Kecol Pumping Systems
• NZ Pump Co. Inc.
• Harbor Freight
• Standard Pump
• Maxflow Pumps
• Ambica Machine Tools
• IWAKI Pumps Australia Pty Ltd.

 This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.