In a recent research report by Maximize Market Research, the Industrial Pumps Market is expected to surpass US $81.6 billion by the year 2027, from US $58.3 billion in 2019.
Industrial Pumps Market trends:
Growing concern regarding carbon emission in oil and gas production is expected to hamper the infrastructure of industrial pumps across the globe. Moreover, stringent regulations speculating the limitations on excavations and processing of chemicals are expected to hamper the market growth during the forecast period which is accordingly considered to hamper the demand for industrial pumps across the globe.
Despite a huge decline in the sales of Industrial Pumpsduring the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 4.3%, during the tenure of 2021 – 2027.
The study is consolidated on the basis of twomajor segments and further into sub-segments, Product Type (Centrifugal pump {Mixed flow pump, Axial flow pump, Radial flow pump}, Positive displacement pump {Rotary pump, Reciprocating pump} and Others), and Application (Chemical industry, Power generation, Oil and gas industry, Construction, Water treatment plants, Wastewater treatment plants)to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Ingersoll-Rand PLC, Grundfos Pump Corporation, SPX Flow, Inc., Xylem, Inc., Sulzer Ltd., Flowserve Corporation, KSB SE & Co. KGaA, Ebara Corporation, Iwaki America, Inc., ITT, Inc., Pentair PLC, Weir Group PLC, Hermetic-Pumpen GmbH, Vaughn Company, Inc., Schlumberger Ltd., Clyde Union, Inc., Baker Hughes, Inc., Dover Corporation
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Industrial Pumps Market.”
https://www.maximizemarketresearch.com/market-report/global-industrial-pumps-market/114838/
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