The global mobile pumps market is expected to grow at a CAGR of around 4.1% from 2019 to 2026 and expected to reach the market value of around 696 Mn by 2026.
A pump refers to the device which uses pressure or suction to raise or move compress gases, liquids, or force air through mechanical action. The mobile pumps are those which can be moved from one place to another for accomplishing the same task. The operation of the pumps is carried out through the engine has driven or electrical driven forces, where engine-driven pumps require petrol or diesel for the operation and electrical driven utilize electric power for the operation. In addition, various types of mobile pumps are available in the market which includes concrete pumps, vacuum pumps and hydraulic pumps among others. Mobile concrete pumps are used to transfer liquid concrete during high volumes during construction. Mobile vacuum pumps remove gas molecules from a sealed volume to leave behind a partial vacuum, for instance, a vacuum pump removes water from one area to another. Hydraulic pumps convert mechanical power into hydraulic energy and generate flow with enough power to overcome pressure induced by the load. Additionally, the mobile pumps have application across agriculture and irrigation, oil & gas industry, construction, water treatment, mining industry, energy & power generation, and chemical industry, among others.
The rapidly growing construction industry across the globe is primarily driving the market growth. The rapid urbanization is stimulating the demand for mobile pumps because these are easy to use and quicker in delivery, which makes them a preferred choice for large scale projects for timely execution. The recent introduction of the green buildings concept across the globe is pushing the manufacturers to develop or transform the production strategies of the pumps. Sequentially, the key players are investing in research and development activities for producing highly energy-efficient and smart pumps. These are the factors boosting the market growth.
However, the fluctuating price of raw materials and the high cost associated with the energy-efficient system pumps are likely to hamper the market growth. Whereas, the increasing adoption of Internet Of Things (IoT) and embedded technology in the market are anticipated to create potential opportunity during the forecast period.
Mobile concrete pumps are anticipated to experience the highest growth over the forecast period owing to the rapidly growing construction sector across the globe. The mobile pumps have transformed the development of high rise and large buildings by decreasing execution time, energy and labor cost of the overall project is a factor fuelling the market growth. The increasing use of mobile pumps in larger construction projects like building, tunnels, and bridges to discharge concrete quickly and more efficiently even with high volumes is also an important factor accelerating market growth. The advantages associated with the mobile pumps like quicker setup time and provide constant flow with low labor cost is further accelerating the segment growth.
By source of power, electrical driven mobile pumps are projected to experience substantial growth during the projected timeframe. The rising environmental concerns along with the various government regulations associated with the use of combustible engine based devices are expected to support the use of electrical driven mobile pumps in the market.
The construction sector is anticipated to exhibit the highest growth over the forecast period. The increasing investment in infrastructural development and reconstruction activities are supporting the growth of segment across the globe.
The market research study on “Mobile Pumps Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global mobile pumps market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global mobile pumps market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global mobile pumps market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The mobile pumps market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
The Asia Pacific region is projected to register the highest growth over the forecast period owing to rapidly increasing construction activities in the regional market. The increasing investment by the governments of the emerging economies including China, Japan, and India for the development of infrastructure is proving the substantial growth to the regional market. Rapidly growing industrialization, along with the rising discretionary income is supporting the regional market growth.
The players profiled in the global mobile pump market report include Allmand, Doosan, Generac Mobile Power, Wacker Neuson, AMT, Thompson, Hale, Rain-Flo Irrigation, Gorman-Rupp, Tsurmi. The players are involved in various strategies including mergers and acquisitions, partnerships and new product development for expanding the market share and product portfolio of the company.
Market By Product
Market By Source of Power
Market By End-User
Market By Geography
The rapidly growing construction industry across the globe is the main driver of the mobile pumps market.
According to Acumen Research and Consulting, the mobile pumps market value is anticipated to be worth around US$ 696 million in 2026.
The mobile pumps market is anticipated to grow over 4.1% CAGR during the forecast period 2019 to 2026.
Asia Pacific is projected to grow at a fast pace during forecast period in the mobile pumps market.
The construction sector is anticipated to exhibit the highest growth over the forecast period.
Mobile concrete pumps are anticipated to experience the highest growth over the forecast period owing to the rapidly growing construction sector across the globe.
Allmand, Doosan, Generac Mobile Power, Wacker Neuson, AMT, Thompson, Hale, and Rain-Flo Irrigation are the top players operating in the mobile pumps market.