Press release
Industrial Pumps Market Projected to Reach $86,346.0 Million in 2030
Industrial Pumps Market
The global industrial pumps market size is expected to reach $86.3 billion in 2030 from $55.8 billion in 2020, growing at a CAGR of 4.3% from 2021 to 2030.
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Industrial Pumps Market by Type (Centrifugal, Reciprocating, Rotary, and Other), Position (Submersible and Non-submersible), Driving Force (Engine-Driven and Electrical-Driven), and End User (Oil & Gas, Chemicals, Power Generation, Water & Wastewater, and General Industry)
Industrial pumps are electro-mechanical or mechanical devices used for control of gases, liquid, slurries, and others through pipes and tubes in industries. Different kinds of industrial pumps perform various functions such as shut on/off, pressure control, and other regulation purposes. Moreover, industrial pumps are manufactured using carbon steel, cast iron, stainless steel, and various other metal alloys for attaining high efficiency.
Covid-19 Impact Analysis
The COVID-19 pandemic has negatively affected the industrial pumps market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, the major end-user manufacturing companies located in countries, such as the U.S., Germany, the UK, and others, are also facing financial impacts due to halt in production, which hindered the growth of the industrial pumps market in 2020.
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Top 10 Leading Players
Flowserve Corporation
The Weir Group plc
Grundfos
KSB
ITT Inc
Sulzer
EBARA Corporation
Xylem
SPX Flow Corporation
Baker Hughes
Key Benefits
The report provides an extensive industrial valves market analysis of the current and emerging global industrial pumps market trends and dynamics.
An in-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2020 and 2030.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive industrial pumps market opportunity analysis of all the countries is also provided in the report.
The global industrial pumps market forecast analysis from 2021 to 2030 is included in the report.
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Contact:
David Correa
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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 domains.
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