LOS ANGELES, Oct. 27, 2019 (GLOBE NEWSWIRE) — Acumen Research and Consulting, recently published report on “Mobile Pumps Market By Product (Concrete Pumps, Vacuum Pumps, Hydraulic Pump, Others), By Source of Power (Engine driven, Electrical driven), By End-User (Agriculture and Irrigation, Oil & Gas Industry, Construction, Water Treatment, Mining Industry, Energy & Power Generation, Chemical Industry, Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”.
Asia Pacific region is projected to be the fastest-growing market over the forecast timeframe. The increasing number of construction projects in the emerging economies of the region including China and India are primarily driving the market growth. Along with these, the increasing investment in the reconstruction of the age-old infrastructures is further stimulating the regional market growth.
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By source of power, the engine-driven mobile pumps have dominated the segment in terms of market share in the year 2018, and the segment is also expected to maintain its dominance over the forecast period. However, the electrical driven mobile pumps are expected to experience the highest growth over the forecast period owing to the rising concern over the increasing environmental issues. The benefits of electrical driven pumps like noise reduction and fuel efficiency are the factor accelerating the segment growth over the forecast period. The use of electric pumps can reduce cost and complexity by supplementing or eliminating a machine’s gas or diesel engine, and is further expected to contribute to the segment growth.
The construction sector is projected to experience significant growth during the forecast period. The rising number of construction activities across the globe is primarily driving segment growth. For instance, the Maine Turnpike Authority is spending US$ 14 Mn to replace the Cummings Road Bridge over the Maine Turnpike (I-95) in Scarborough with the three-span steel girder Bride. The project will demolish the existing bridge and is expected to complete in November 2020. Typically, the bridge construction equipment will include a concrete mobile pump, a 110-ton crane, a mid-size loader and a boring rig. Additionally, monitoring equipment will be used in the initial phase of the project. In addition, the rising number of initiatives by various governments for the development of global infrastructure is again accelerating market growth.
Some of the leading competitors are Allmand, Doosan, Generac Mobile Power, Wacker Neuson, AMT, Thompson, Hale, Rain-Flo Irrigation, Gorman-Rupp, Tsurmi. The competitors of the industry are involved in research & development activities for providing more advanced and energy-efficient solutions to the customers and also for the expansion of their product portfolio of the company.
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Some of the key observations regarding mobile pumps industry include:
- Adama and Vine secured a number of exciting projects, which were awarded to the companies. IPR has secured an order for eight CP150 Sykes mobile pump units in South Africa for a mining client. The client was satisfied with the rental delivery of the product that they purchased the pumps for permanent installation.
- Eaton Hydraulics is investing in a new training facility based in Havant, UK. The training center and the design and manufacturing team are working on revolutionary new products including Eaton’s X20 mobile pump, a new range of advanced electro-hydraulic controllers, CMA, and a CAN-enabled closed-loop controlled mobile proportional valve.
- FORCE America has acquired Mobile Equipment Systems, a company based in Tukwila WA. Mobile equipment is the supplier of hydraulic pumps, motors, valves, tanks, consoles and cables to the northwestern United States. The acquisition is looking forward to the extension of the company presence into the Pacific Northwest, which will enable efficient local support to the regional customers. Whereas, FORCE America is a fluid power manufacturer and distributor.
- The International Construction & Utility Equipment Exposition (ICUEE), also called the Demo Expo in Louisville, KY., utility industry’s largest trade show. The show will play the host to more than 18,000 visitors, those who want to have look for the latest and greatest equipment services. An American manufacturer, Bigfoot Construction Equipment will participate in the show, as the company offers private labels for some of the largest crane and concrete pumps. The B-Series concrete pumps of the company have outputs from 20 to 70 cubic yards per hour.
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