Pumps Market to 2025: Profiling Major Key Players - Furuno Electric, Lockheed Martin Corporation, Saab AB, Kelvin Hughes, BAE Systems, West Marine, Northrop Grumman, Raytheon, Terma A/S

A device used for the movement of fluids (liquid or gas) and slurries by mechanical action is known as pump. Pumps can be classified on the basis operation mechanism but works on the same principle of consuming energy and moving the fluid by mechanical action. Pumps can be either powered by manual operation or some source of power. Typical source of power includes electric motor, engine or wind power. Pumps are available in many sizes, from small pumps for use in medical & household application to large industrial pumps. Commercially available pumps are primarily classified on the basis of number of impeller. These are Single stage pumps (one impeller) and double or multi stage pumps (two or more impellers). Further, the pump industry is classified into two major categories namely positive displacement and centrifugal pumps. Centrifugal pumps are most commonly adopted and represent the major market.

Top Companies profiled in this report includes, Furuno Electric Co., Ltd., Lockheed Martin Corporation, Saab AB, Kelvin Hughes Limited, BAE Systems, West Marine, Northrop Grumman Corporation, Raytheon Company., Terma A/S and Raymarine Inc among others.

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The Pumps Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Growth in adoption of pumps is primarily driven by eight major industries namely coal, oil & gas, refinery products, steel, fertilizers, cement and electrical. Agriculture and building services also represents some of the major end - use segments in developing economies such as India and China. Major players in the global pumps market are primarily focusing towards quality along with low cost proposition. Further brand building, bolstering market reach in foreign geographies is also identified as one of the major success factors to stand out in the global market.

Key Benefits
• This report provides a detailed study of Pumps market trends and forecast from 2018 to 2027, which assist to identify the prevailing market opportunities.
• In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
• This study further includes market share analysis in terms of type and applications.
• Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
• Porter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.

The overall Pumps market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the Pumps market.

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Pumps Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Pumps Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.