United States ASME Process Pumps Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 2.20 Billion by 2030, growing at a CAGR of 5.00% from 2024 to 2030.
The US ASME Process Pumps Market has been witnessing consistent growth due to its extensive demand across various industries. These pumps are crucial components in processing systems, and their role in transporting fluids under different conditions makes them indispensable in many industrial sectors. The demand for ASME-certified pumps has been rising steadily, driven by industries that require high precision, durability, and reliability in their fluid handling systems.
Industries such as chemical processing, oil and gas, water treatment, pharmaceuticals, and food processing are major consumers of ASME process pumps. These sectors need pumps that can handle highly viscous fluids, extreme temperatures, and pressures. The versatility of ASME-certified pumps allows them to function efficiently under these challenging conditions, which is why they are in high demand in the US market.
One of the main requirements from industries is the ability to maintain high performance and energy efficiency. With the increasing focus on sustainability and energy-saving solutions, process pumps with lower energy consumption are highly sought after. In addition, industries demand pumps that are easy to maintain and have a long operational lifespan, reducing downtime and maintenance costs. The US ASME Process Pumps Market is responding to these needs by offering products with advanced features, such as improved sealing technology and corrosion resistance, making them suitable for harsh working environments.
The need for compliance with strict industry regulations is another driving force behind the growing market. ASME standards ensure that the pumps meet the highest safety and performance benchmarks, making them a preferred choice for many industrial applications. This requirement has further contributed to the continuous growth of the US ASME Process Pumps Market, as companies prioritize both safety and efficiency in their operations.
As technological advancements continue to evolve, the US ASME Process Pumps Market is also seeing innovations in pump designs. This includes the development of pumps that offer higher flow rates and better control over fluid movement, making them even more valuable for complex industrial processes. Industries are now looking for pumps that not only meet their functional requirements but also integrate with modern automation systems to improve overall process control.
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KSB
Flowserve
Ruhrpumpen Group
Dover (PSG)
Pentair
Xylem
Sulzer
Grundfos
WILO
Torishima
Sundyne
CECO Environmental
Ebara Corporation
Richter
Kaiquan
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US ASME Process Pumps Market
Gear Pumps
Diaphragm Pumps
Peristaltic Pumps
Rotary Screw Pumps
Water and Wastewater Treatment
Pharmaceuticals
Chemical Processing
Food and Beverage
Petroleum Industry
Pulp and Paper
Manufacturing
Oil and Gas
Aerospace
Mining
Construction
Energy and Power
Small Capacity (< 1000 GPH)
Medium Capacity (1000 - 5000 GPH)
Large Capacity (> 5000 GPH)
Cast Iron
Stainless Steel
Plastic
Bronze
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US ASME Process Pumps Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US ASME Process Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US ASME Process Pumps Market, By Type
6. US ASME Process Pumps Market, By Application
7. US ASME Process Pumps Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US ASME Process Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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