NAICS 33391 - Pump and Compressor Manufacturing
This industry comprises establishments primarily engaged in manufacturing pumps and compressors, such as general purpose air and gas compressors, nonagricultural spraying and dusting equipment, general purpose pumps and pumping equipment (except fluid power pumps and motors), and measuring and dispensing pumps.
Industry trends:
The Pump and Compressor Manufacturing industry, categorized under NAICS 33391, is currently experiencing a shift towards digitalization and automation. The integration of Internet of Things (IoT) technology is becoming increasingly prevalent, enabling manufacturers to offer smart pumps and compressors with advanced monitoring and predictive maintenance capabilities. This trend not only enhances operational efficiency but also reduces downtime and maintenance costs.
There is a growing emphasis on energy efficiency driven by both regulatory requirements and customer demand for more sustainable solutions. Manufacturers are focusing on developing products that consume less energy and align with environmental standards. Advances in material science are also contributing to the production of more durable and lightweight components, further improving performance and cost-effectiveness.
Customization and modularity are gaining traction, with clients seeking solutions tailored to their specific needs. This flexibility allows for easier upgrades and replacements, meeting diverse industry requirements from HVAC to oil and gas.
Looking ahead, the industry is expected to continue its transformation, propelled by technological advancements and a push towards sustainability. Market forecasts indicate a moderate growth rate, with increasing investments in infrastructure and industrial projects globally. However, geopolitical uncertainties and supply chain disruptions could pose challenges.
Companies that adapt to these qualitative trends by investing in innovative technologies and sustainable practices are likely to maintain a competitive edge in the near future.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.