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Heavy Duty Pumps Market to 2025 (CAGR 5.4% Expected) Top Players Profiled Alfa Laval, EBARA Corporation, Flowserve Corporation,Gardner Denver, General Electric Company, Grundfos, ITT, Sulzer, The Weir Group

12-05-2018 08:33 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Heavy Duty Pumps Market to 2025 (CAGR 5.4% Expected) Top Players

Heavy Duty Pumps Market Overview:
The global heavy-duty pumps market was valued at $ 12,823 million in 2017 and is expected to reach $ 19,522 million by 2025, growing at a CAGR of 5.4% during the forecast period.

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The centrifugal pump segment accounted for more than four-fifth of the market share in 2017 and is expected to witness significant growth during the forecast period. Increase in need for more food in the developing countries due to growth in population and urbanization, drive the growth of the heavy-duty pumps market.

Furthermore, the stringent rules & regulations by the government to produce heavy-duty pumps, offer significant growth potential for the global market. However, fluctuating prices of oils and raw materials hinder the growth of the market. Moreover, rise in awareness about energy saving creates lucrative opportunities for the growth of the market.

The processing industry segment based on end-user industry has the largest market share in the global heavy-duty pumps market during the forecast period. Its market share is expected to grow due to the rise in demand for chemical processing & wastewater processing across the globe. Furthermore, the others market in the product type segment is expected to grow at a significant CAGR during the forecast period, owing to the capability of heavy-duty pumps to efficiently resist corrosion.

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Comprehensive and Competitive Analysis of Leading Market Players
•Alfa Laval
•EBARA Corporation
•Flowserve Corporation
•Gardner Denver, Inc.
•General Electric Company
•Grundfos
•ITT INC.
•KSB SE & Co.
•Sulzer Ltd.
•The Weir Group PLC

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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