Overview of the Market for Pump And Pumping Equipment in the USA
In value terms, pump and pumping equipment production totaled $ in 2018. Over the period under review, pump and pumping equipment production continues to indicate a significant drop. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. In that year, pump and pumping equipment production reached its peak level of $. From 2015 to 2018, pump and pumping equipment production growth remained at a lower figure.
The revenue of the pump and pumping equipment market in the U.S. amounted to $ in 2018, going up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the market value increased by % year-to-year. Pump and pumping equipment consumption peaked in 2018 and is expected to retain its growth in the near future.