Companies in this industry manufacture pumps, pumping equipment, and air and gas compressors. Major companies include Colfax, Flowserve, IDEX, ITT, and Xylem (all based in the US), as well as Atlas Copco (Sweden), Ebara (Japan), Grundfos (Denmark), Huayi Compressor (China), Ingersoll-Rand (Ireland), KSB (Germany), and Weir Group (Scotland).
Demand depends primarily on the level of manufacturing and construction activity. Construction and maintenance in the chemical, petroleum, utilities, and water management industries is especially important. Large companies have economies of scale in purchasing and production. Smaller producers compete by focusing on specialized product offerings and superior customer service. The US industry is concentrated: the top 50 companies account for about 75% of industry revenue.
Products, Operations & Technology
Major product groups include pumps and pumping equipment (55% of industry revenue), air and gas compressors (40%), and measuring and dispensing pumps (5%). Pump and pump equipment categories include centrifugal pumps, oil field pumps, general-purpose industrial pumps, and sump pumps. Broad compressor product categories include general-purpose air compressors, paint sprayers, manual pump sprayers, and pressure washers. Measuring and dispensing pumps are primarily used for pumping gasoline, oil, and other lubricants.