The industry experienced mixed growth over the five years through 2012-13, with declines in the early years followed by growth in demand conditions in key downstream markets and strong growth in capital expenditure across the economy. Drier than average climatic conditions in some years, as well as a growing awareness of global warming, placed a greater focus on water management issues, with state governments investing in water supply and treatment infrastructure, boosting demand for industry products.
Firms in this industry mainly manufacture pumps and pumping systems. Generally, a pump is a device used to move fluids - including liquids, gases and slurries - by physical or mechanical action. Firms in the industry also manufacture air and gas compressors, with the exception of those used in air conditioning and refrigeration.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.