Press release
Rotary Pumps Market Growing Technology Trends and Business Opportunities by 2026-Dover Corporation, Colfax Corporation, SPX Flow Inc
Rotary Pumps Market by Component, Application, Services, and Region- Forecast to 2026The Global Rotary Pumps Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Rotary Pumps business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Rotary Pumps worth chain and its wholesaler examination. Rotary Pumps Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The global rotary pump market was valued at USD 4883.9 million in 2020. The market is expected to reach USD 5855.2 million by the end of 2026, witnessing a CAGR of 3.09% over the forecast period (2021 - 2026).
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Top Leading Companies of Rotary Pumps Market are Dover Corporation, Colfax Corporation, SPX Flow Inc., Xylem Inc., IDEX Corporation, Atlas Copco AB, Pfeiffer Vacuum Technology AG., ULVAC Inc., Busch Systems, Gardner Denver Holdings Inc. and others.
Industry News And Updates on Rotary Pumps Market-
Asia-Pacific to Execute the Fastest CAGR During the Forecast Period
- The power needs in the APAC region are set to surge 66.6% by 2040 compared to 2017 levels. The growth in electricity is set to surge by 98% according to IEA. The Progressive capacity pumps are set to grow as it is the most used pumps in power generation sector due to its efficiency benefits.
- China is expected to account for a significant share of the global electricity output over the next few years, up from 19.2% in 2010. In order to achieve this, China has implemented more than 33 policy initiatives to support renewable electricity, particularly in areas like solar and wind energy.
- These factors are expected to signifcantly contribute to the market growth in the region over the forecast period.
Key Market Trends Rotary Pumps Market-
Water and Wastewater Management to Account for a Significant Share
- Increase in water crisis globally which is set to increase by 50% in 2050 according to UN data is increasing investments and initiatives by governments and organizations in water utilities globally. These investments are set to drive the rotary pump market in water and wastewater management segment.
- For instance, according to UBS, the current value of all water utilities stands at 500 billion USD, globally, which is expected to grow annually by 20%.
- The rotary pumps provide costs effective solutions for wastewater treatment plans for primary, secondary and tertiary water treatments. The lobe rotary pump is the most widely used and cost-effective pump for water treatments and wastewater treatments for sludge 3% and above.
Competitive Landscape On Rotary Pumps Market-
May 2019- The Busch Group and Pfeiffer entered into a contract for strategic cooperation. two companies aim to leverage the strengthen their place in the vacuum technology market and optimize the costs.
- November 2018 - PSG, a Dover company and Augury announced a partnership that offers customers with data-driven actionable insights that will add unprecedented intelligence to how pumps and the systems they power are managed and maintained. This partnership will enable the existing and future PSG customers to benefit from an increase in efficiency, uptime, and resiliency through new services.
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Reasons for purchasing this Report-
-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Rotary Pumps in to ultimately get accurate results.
-Analyst Support: Get you query resolved by speaking to our research analysts before and after purchasing the report.
-Customer Satisfaction: Our team of research analysts will accommodate all your Rotary Pumps research needs and customize the report accordingly.
-Long-standing experience: Our team of analysts will offer elaborate and accurate insights pertaining to the Rotary Pumps Market
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