$28.1bn
$X.Xbn
57,810
649
$X.Xbn
Most products in the Pump and Compressor Manufacturing industry are used by companies in the mining, manufacturing and utility sectors. As a result, demand for pumps and compressors is often determined by a variety of economic factors. For example, oil production volumes and energy prices have a direct effect on industry revenue and profit. In addition, the industry is characterized by its extensive participation in foreign markets. In 2024, exports are estimated to represent over one-third of industry revenue, while imports satisfy almost one-half of domestic demand. Canada and Mexico are major trade partners due to their geographic proximity to the United States. China also accounts for a substantial portion of international trade, largely because of low wage costs.
Industry revenue has declined at a CAGR of 4.0 % over the past five years, to reach an estimated $28.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Ingersoll Rand Inc. | 1,638.2 | 407.5 | 24.9 | |
Atlas Copco Ab | 519.6 | 114.8 | 22.1 | |
Mitsui E&S Shipbuilding Co. Ltd. | 458.2 | 21.6 | 4.7 |
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Industry revenue is measured across several distinct product and services lines, including Air and gas compressors, Industrial pumps and Other pumps and equipment. Air and gas compressors is the largest segment of the Pump & Compressor Manufacturing in the US.
Demand for air and gas compressors has been negatively affected by slow construction activity
Operators in this industry manufacture pumps and compressors for general use, measuring and dispensing. In addition, the industry manufactures nonagricultural spraying and dusting equipment and provides aftermarket and repair services for customers. However, pump and compressor manufacturers do not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.
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NAICS 33391 - Pump & Compressor Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Import penetration has continued to grow, resulting in higher price competition domestically and affecting profit growth over the past five years.
Learn about an industry's products and services, markets and trends in international trade.
Industrial pumps’ share of revenue has generally trended upward over the past two decades, despite some stagnation over the past five years.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Many pump manufacturers launch operations in Texas since it’s known as the main energy-producing hub in the United States.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition from foreign companies is high since the cost of production abroad is often lower.
Learn about the performance of the top companies in the industry.
Market share concentration has been low and consistent over the past decade, with no companies accounting for more than one-tenth of revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Clean water and clean air laws are the main regulations faced by pump and compressor manufacturers, similar to many other manufacturing industries.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs are more volatile than other costs, affected the most by commodity prices and other economic factors.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Pump & Compressor Manufacturing in the US industry in United States is $28.1bn in 2024.
There are 649 businesses in the Pump & Compressor Manufacturing in the US industry in United States, which has declined at a CAGR of 1.4 % between 2019 and 2024.
The market size of the Pump & Compressor Manufacturing in the US industry in United States has been declining at a CAGR of 4.0 % between 2019 and 2024.
Over the next five years, the Pump & Compressor Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Pump & Compressor Manufacturing market in United States are Ingersoll Rand Inc., Atlas Copco Ab and Mitsui E&S Shipbuilding Co. Ltd.
Manufacturing nonfluid pumps and pumping equipment and Manufacturing air and gas compressors are part of the Pump & Compressor Manufacturing in the US industry.
The company holding the most market share in United States is Ingersoll Rand Inc..
The level of competition is moderate and steady in the Pump & Compressor Manufacturing in the US industry in United States.