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Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A4454
Market Overview:
The global industrial pumps market reached a value of US$ 60.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 83.4 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Industrial pumps are mechanical equipment used to move fluid, such as oil, sludge, slurry, chemicals, petroleum, and wastewater, from one location to another. They are currently available in different shapes, sizes, and configurations based on liquid applications and materials used during their manufacturing. For instance, centrifugal pumps are used in chemical plants for moving low viscosity liquids. Moreover, positive displacement (PD) pumps are preferred in automotive transmission systems to move high viscosity fluids. They can also be utilized in process operations that require high hydraulic pressure.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Industrial Pumps Market Trends:
Rising exploration activities in the oil and gas sector due to the escalating energy demand represent one of the main factors driving the market growth. Additionally, the growing emphasis on upgrading existing wastewater treatment plants is contributing to the market growth. This can also be attributed to the limited availability of potable water, growing environmental concerns, and the rising awareness about the harmful impacts of drinking contaminated water. Apart from this, industrial pumps are utilized in different sizes and shapes in the power industry for circulation, boiler feed, and sludge handling. Moreover, rapid urbanization and increasing infrastructure development are other factors influencing the market positively. Furthermore, the leading players are adopting innovative strategies and focusing on mergers and acquisitions (M&A) with small and medium-sized enterprises (SMEs) to expand their product portfolio and gain an edge over their competitors. This is anticipated to bolster the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial pumps market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, distribution channel and application.
Breakup by Product:
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- Centrifugal Pump
- Axial Flow Pump
- Radial Flow Pump
- Mixed Flow Pump
- Positive Displacement Pump
- Reciprocating
- Rotary
- Others
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Oil and Gas
- Chemicals
- Construction
- Power Generation
- Water and Wastewater
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, ITT Inc., Iwaki Co. Ltd., KSB SE & Co. KGaA, Schlumberger Limited, SPX Flow Inc., Sulzer Ltd., The Weir Group PLC, Vaughan Co. Inc. and Xylem Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Product, Distribution Channel, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, ITT Inc., Iwaki Co. Ltd., KSB SE & Co. KGaA, Schlumberger Limited, SPX Flow Inc., Sulzer Ltd., The Weir Group PLC, Vaughan Co. Inc. and Xylem Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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