Pumps are machines or devices for raising, compressing or transferring fluids. They vary from ancient simple forms to complex. Vane, gear, treadle, and diaphragm pumps are simple. Vacuum pumps remove air from a container to create a vacuum. Jet pumps are used to draw waater from wells into residences. Borehole pumps are designed for deep narrow shafts and wells whereas submersible pumps can operate in pits pumping dirty water and sewage. Turbine pumps are used for clean fluids, impeller mechanism pumps for impure liquids and progressive cavity pumps for highly viscous liquids. Radial pistol pumps can produce a very smooth flow under extreme pressure.
If connected to an energy source, geothermal heat pumps can move vast amounts of energy at very little cost.
Pumps are in demand worldwide in oil and gas, cleanroom, water and wastewater desalination projects, power generation projects, pulp mills, and food and beverage business.
Market is concentrated in manufacturing sector. Pumps market is influenced by a very wide range of factors both at the macro and micro level. Macro factors include the influence of the major end-use sectors such as water and sewage, oil and gas, power generation, marine and industrial, including construction and chemical/petrochemical. Micro factors are favorable because pumps are unlikely to be replaced by another type of product and the media handled by pumps are unlikely to change. In sum, market will remain relatively stable.