The Freedonia Group has recently released World Pumps to 2012, a report that predicts global pump demand is to climb 4.4% per year to US$47 billion (including price increases) through to 2012.

The study suggests that generally, healthy economic conditions will support gains in global pump demand, especially in rapidly developing areas such as China and India where rising energy consumption and infrastructure development projects will provide key applications for fluid handling pumps.

According to Freedonia, the developing regions provide the best outlook for the coming years, as the greatest prospects for pump suppliers will continue to be found in the developing regions of the world, especially in Asia where China and India are enjoying strong economic growth. Latin America will also register above-average gains.

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