Pump up: Industry demand will trend upward as oil prices slowly recover

Operators in the Pump and Compressor Manufacturing industry in Canada have turned to global downstream markets rather than just those in Canada. As a result, revenue is heavily dependent on exports. However, the industry's reliance on oil and gas led to strong revenue declines in the past as prices tumbled. Over the five years to 2023, oil prices are expected to continue to slowly recover, which should drive steady industry demand from the oil and gas sector. However, the Canadian dollar is forecast to appreciate during the five-year period, which will likely restrict key export revenue. These factors are projected to generate slow industry growth moving forward...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-3.7%
Forecast Growth 18-23
Profit
Employment
4,772
Businesses
166
Market Share of Companies

Industry Threats & Opportunities

  • Industry operators have turned to global markets to generate revenue
  • As foreign products flood the market, Canadian operators have focused abroad to sustain revenue
  • Import penetration into industry markets is forecast to decrease as domestic operators regain ground
  • Industry Report - Starting a New Business Chapter

    Companies face strong barriers to entry into Canada's Pump and Compressor Manufacturing industry. First, a high level of capital investment is necessary to open a production facility with sufficient capacity, as well as purchase molding and welding equipment. More importantly, competition for downstream markets is very high. The domestic market is heavily saturated with imports while most available export destinations are being serviced by incumbents trying their best to retain revenue streams.High competition means not only limited access to downstream markets but also the possibility of waiting for a long time to break-even. Since products must generally be priced competitively, entrants need to generate revenue through a high volume of sales instead of high output prices. Eve...purchase to read more.

    Additional Insights for the Pump & Compressor Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pump & Compressor Manufacturing Industry are

  • Effective cost controls
  • Effective quality control
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Demand from oil and gas extraction and Canadian-dollar effective exchange rate index in the Pump & Compressor Manufacturing industry impact industry performance..

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    What's in this report

    What is the Pump & Compressor Manufacturing Industry?

    This industry manufactures and sells pumps and air and gas compressors to various industrial markets. Some industry products are meant for general use while others are designed for application in specific markets, such as oil and gas services. This industry does not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.

    Industry Products
  • Pump and pumping equipment
  • Air and gas compressors
  • Measuring and dispensing pumps
  • Industry Activities
  • Manufacturing oil well and oil field pumps
  • Manufacturing general-use industrial pumps
  • Manufacturing air and gas compressors
  • Manufacturing dispensing and measuring pumps (i.e. for gasoline stations)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from oil and gas extraction
  • Canadian-dollar effective exchange rate index
  • Industrial capacity utilization
  • Housing starts

  • Current Performance
  • Import penetration and exports markets
  • Energy and industrial failings
  • Participation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition at home and abroad
  • Industrial activity trends
  • Industry profitability
  • Table: Pump & Compressor Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pump & Compressor Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction in Canada
  • Utilities In Canada
  • Manufacturing In Canada

  • Key Selling Industries
  • Iron & Steel Manufacturing in Canada
  • Nonferrous Metal Foundry Product Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada

  • Products & Services
  • Pump and pumping equipment
  • Air and gas compressors
  • Measuring and dispensing pumps
  • Chart: Pump & Compressor Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export market
  • Water management
  • Other
  • Oil and gas
  • Commercial building
  • Power generation
  • Industrials
  • Mining
  • Chart: Major Market Segmentation for the Pump & Compressor Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Pump & Compressor Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pump & Compressor Manufacturing Industry

  • Industry Globalization
    Enerflex Ltd.,
  • Table: Enerflex Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pump & Compressor Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pump & Compressor Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Canadian-dollar effective exchange rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Centrifugal Pump
  • A pump that conducts fluid to a discharge pipe via vanes that rotate in a casing.
  • Hydraulic Fracturing
  • A technique in which large volumes of water, sand and chemical additives are injected beneath the Earth's surface to increase oil or natural gas flow; used to recover energy from very deep deposits.
  • Lng, Cng And Rng
  • Liquefied natural gas, compressed natural gas and renewable natural gas
  • Natural Gas Liquefaction
  • A process by which gas is cooled at a tidewater facility and prepared for transport as a liquid-like matter, before being reverted to gas at the final destination.
  • Sump Pump
  • A pump that removes water or other liquid from a low point or depression in a system.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pump & Compressor Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pump & Compressor Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pump & Compressor Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pump & Compressor Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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