NEWS RELEASE                                   JANUARY 2007

World Pump Sales To Hit $38 Billion In 2011 

Sales of industrial pumps will reach an annual level of $38 billion for the first time in 2011.  This is the current forecast in the continually updated online report, Pumps: World Markets, published by the McIlvaine Company.

Centrifugal pumps will account for over 70 percent of the revenues.  Diaphragm, reciprocating, and rotary pumps will account for the balance.

Municipal wastewater will be the largest application segment followed by municipal drinking water.  Refineries will be the third largest segment, and power will rank fourth.

Asia will increase its lead as the largest regional purchaser.  The very large municipal wastewater and drinking water plant expenditures are only part of the picture.  It is outspending other regions in every category except pharmaceutical.

In the coal-fired power segment, Asia will outspend the rest of the continents combined. China alone will spend more for pumps for coal-fired power plant applications than all of Europe and Africa combined.

Centrifugal Pump Sales for Power

($ Millions)

World Region              2003    2004    2005    2006    2007    2008    2009    2010

Africa                             31        37        32        32        35        34        34        35

CIS                                70        71        71        71        72        72        72        78

East Asia                      458      493      506      489      573      577      615      591

Eastern Europe               52        52        54        55        55        56        56        61

Middle East                    15        13        14        16        21        16        17        17

NAFTA                       251      244      245      247      261      280      287      303

So. & Cen. America       18        19        20        20        26        23        27        24

West Asia                      85        47        63        68        90      118      107        90

Western Europe           145      128      136      130      137      149      152      182

There are some very high growth sub segments. They include desalination, ethanol, LNG, oil sands, and flue gas desulfurization (FGD).  One of the big long-term changes in the market will be the reduction in pump sales for conventional oil and gas and refining applications and the growth of sales in non traditional applications.

More than 10,000 companies make industrial pumps.  Five companies achieve pump sales in excess of $l billion.

                                       2005                             Company

Company                   Pump Sales                  Ranking by Sales

                                    ($ Millions)                     

ITT                                $2,047                                   1

Grundfos                        $1,330                                   2

Flowserve                      $1,303                                   3

Ebara                             $1,190                                   4

KSB                              $1,065                                   5

Sulzer achieves pump sales close to $1 billion.  But the sales of the other 500 companies ranked by McIlvaine are much smaller.  Less than 20 companies have sales of pumps exceeding $500 million.