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The research report also shows that the availability of some of the more advanced pumps will also promote the demand of the US pump market, and the market demand for products that are tending to be eliminated will decline. The manufacturing and processing industry will continue to maintain its position as the largest user of pump products, and the demand for pumps will grow at an average level. In the next few years, centrifugal pumps will continue to be the mainstream product of U.S. pump designs. This is mainly due to the advantages of centrifugal pumps with a wide range of pressure and load handling capabilities, and at the same time relatively low maintenance costs.
U.S. pump demand will reach $8.5 billion in 2010
According to the latest research report of Freedonia Consulting Company in the United States, supported by promising prospects for many pump-use industries, the demand for the US pump market by 2010 is expected to grow at an average annual rate of 2.7%. By 2010, the market demand will reach US$8.5 billion. The industries that have contributed the most to this include chemicals, petroleum refining and pulp and paper industries.