Press release
Rotary Pumps Market 2021 Size, Share, Global Analysis, Development Status, Regional Trends, and Comprehensive Research Study Till 2027
The Global “Rotary Pumps Market” research includes market forecast information such as market revenue, manufacturer size, production and consumption ratios, as well as a CAGR value. The research discusses the most important market influencing variables, such as market growth, development status, and other industry-specific challenges. The Rotary Pumps market covers entire study patterns of the future market, as well as major driving elements. It also includes a detailed study of the top major players, as well as sector analyses.In accordance with the Rotary Pumps market is set to grow at a CAGR of 3.09% over the forecast period (2021-2027).
The Global Rotary Pumps market provides company profiles for main key players, as well as advancement trends, competitive landscape breakdowns, and important regional development status.
Major Players of the Rotary Pumps Market:
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.
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Adoption of newer technologies in agriculture to improve the total factor productivity for catering to the growing demand for agricultural products is set to drive the adoption of the rotary pump market.Process manufacturing is also expected to surge in demand due to rising standards and disposable incomes are set to drive the rotary pump market.Increased smart manufacturing factories where the pumps are networked to the cloud is expected to deliver crucial information such as machine condition and history is expected to be the future of rotary pumps market. However, the rising in prices of raw materials which are expected to drive up the prices of rotary pumps may hinder the growth of the market.
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Furthermore, the impact of COVID-19 is a worry. Since its breakout in December 2019, the COVID-19 virus has spread to over 100 nations, causing massive deaths and economic losses.
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.
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Some Major Points from Table of Contents:
Chapter 1. Research Methodology & Data Sources
Chapter 2. Executive Summary
Chapter 3. Rotary Pumps Market: Industry Analysis
Chapter 4. Rotary Pumps Market: Product Insights
Chapter 5. Rotary Pumps Market: Application Insights
Chapter 6. Rotary Pumps Market: Regional Insights
Chapter 7. Rotary Pumps Market: Competitive Landscape
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