Industrial Pumps Market to Reach USD 93,621.5 Million By 2026 www.reportsanddata.com
Market Summary Increase in urbanization and infrastructure developments coupled with high crude oil prices, growing energy efficiency by using pumps, growing FDI in emerging countries, increase in the number of water & waste treatment
plants and technological advancements by market leaders are expected to positively impact market growth Market Size – USD 59,207.1 Million in 2018, Market Growth - CAGR of 5.9%, Market Trends – Increase in infrastructural developments. The global Industrial Pumps market is forecast to reach USD 93,621.5 million by 2026, according to a new report by Reports and Data. Industrial pumps find their application in various sectors and help in mainly transferring liquids from one location to another.
Technological trends like the introduction of magnetic drive pumps, intelligent pump systems, and next-generation industrial automation are boosting the growth of this market. Rapid infrastructural development is another driving factor. APAC countries are witnessing rapid construction which in turn is boosting the market for industrial pumps. Demand for industrial pumps from process and manufacturing industries is a significant driving factor. The rise in product energy pumps for the transportation and extraction of oil and natural gas is having a positive effect on the market. Increase in crude oil price is also boosting the demand for the market as it fuels the energy sector’s revenue.
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Market Summary Growing construction, automotive and manufacturing industries are expected to raise the demand for industrial pumps in Asia Pacific regions. The Indian government has passed a policy for the promotion of FDI investment in the oil and gas sector. This will increase the production of petrochemicals and polymers in the country, hence propelling the demand in this region. Increased investment in desalination plants and waste water is also expected to increase the sale of industrial pumps. Industrial Pumps are also in high demand from the power generation sector.
Further key findings from the report suggest• Centrifugal pumps holds a major share of the Pump Type segment and are expected to maintain this leading position in the Industrial Pump industry during the forecast period • The construction sector is forecasted to have a high CAGR of 6.1% throughout the forecasted period. The construction boom being seen in the APAC region is pushing the demand for industrial pumps from this sector Avail the inside scoop of the Sample report @ https://www.reportsanddata.com/sampleenquiry-form/1015
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Market Summary Companies considered and profiled in this market study Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland) among others. For the purpose of this report, Reports and Data have segmented global Industrial Pumps market on the basis of Type, Capacity, End Users and Region: Type Outlook (Revenue, USD Million; 2018-2026) • Centrifugal Pumps • Reciprocating Pumps • Rotary Pumps • Diaphragm Pumps Capacity Outlook (Revenue, USD Million; 2018-2026) • Small Capacity Pumps • Medium Capacity Pumps • High Capacity Pumps
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Market Summary End Users Outlook (Revenue, USD Million; 2018-2026) • Construction • Water and wastewater • Chemicals • Oil & Gas • Power Generation • Others Regional Outlook (Revenue in USD Million; 2016–2026) • North America • Europe • Asia Pacific • Latin America • Middle East and Africa (MEA)
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