Pioneer Pump expects the oil and gas markets to be relatively stable in 2018 with a continued modest increase in North American upstream activity. Global market dynamics are changing in a variety of ways and we continue to watch them closely for both risks and opportunities so we are able to adjust accordingly.
President, Pioneer Pump
What the outlook for the food and beverage industry this year?
The downturn in oil and gas from a few years ago has had a flip side in the food and beverage industry. The biggest expenditure in food production is energy”transportation, cooking, processing, packaging. We have seen a boost there. As companies have spent less on energy, they have made more capital equipment investments. We expect that to continue.
President Emeritus, SEEPEX
How do you see the current political climate affecting things?
Without using bad words, it's a mess. We're still a strong country, however, currently we have two divided parties that can never come together. Talk here at WEFTEC (in Chicago in October) is that municipalities dont know where they're going to get their funding for next year and are they going to get it. Projects are being put on hold indefinitely.
Vice President, Administration, Proco Products, Inc.
What do you see as the biggest issue facing the pump industry in 2018?
The major challenge in the water and wastewater industry is the lack of proper infrastructure coupled with decreasing budgets. The latest American Society of Civil Engineers (ASCE) report card rated the US water infrastructure at D and our wastewater infrastructure at D+. Currently, our utilities suffer from 240,000 pipe breaks annually with an average of nine leaks per 100 miles. Leaks account for over six billion gallons of non-revenue water per day. Water and wastewater utilities are also faced with capacity constraints to store adequate amounts of drinking water and combined sewer during rain events.
Vice President & General Manager Municipal Market, CRANE Pumps & Systems
What else should the end users know about the year ahead?
The booming processing sectors and continued growth in gas and oil industries will boost the pump industry and allow for more competition and growth. This will fuel more innovations and support further expansion in the industries that the pump industry supports. Further economic resurgence will support demands of the U.S. infrastructure improvements, which will leverage the pump industry.
Marketing Coordinator, BJM Pumps, LLC
IIoT is real and it is going to be here sooner than later. End users will be inundated with various predictive devices from a variety of manufacturers. Keeping up with them will be virtually impossible, so picking a savvy distributor to help sort through the array of new smart products will be critical.
Senior Vice President of Marketing, Distribution & Purchasing, Motion Industries, Inc.