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Industrial Pumps Market Analysis by Key Players, SWOT Analysis, Growth Factors, and Forecast till 2028
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COVID-19 scenario:
• The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
• The companies operating in the Industrial Pumps market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.
The water and wastewater application segment hold the largest market share as there is a rise in demand for lift and sewage pumps on account of expanding industrial platforms and the accumulation of wastewater in large volumes. Furthermore, the increase in manufacturing facilities across emerging countries due to the favorable government policies and availability of cheap labor is increasing the demand for industrial pumps
The Asia Pacific accounts for the largest market share due to the tremendous growth of the end-use industries, including water and wastewater, chemical, and oil and gas. Furthermore, the increase in the need for reusable water is one of the major concerns in emerging countries. North America will register the highest growth during the forecasted period due to the technological advancements relating to the superior performance of pumping systems. Furthermore, an increase in demand for oil and gas from other sectors, such as commercial transportation and heating and cooling in residential and commercial applications, is projected to drive the oil and gas industry.
IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.
The global Industrial Pumps market provides an in-depth analysis of key players which includes:
• Grundfos Pump Corp
• Xylem, Inc
• Ingersoll-Rand PLC
• Flowserve Corp
• SPX Flow, Inc
• KSB SE & Co. KGaA
• Sulzer Ltd
• Pentair PLC
• Iwaki America, Inc
• ITT, Inc
The global Industrial Pumps Market is segmented based on product, and application. Based on product, the market is segmented as Centrifugal, Positive Displacement. Based on the application, the market is segmented as Water & Wastewater, Construction.
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Industrial Pumps Market
• Value Chain Analysis of Global Industrial Pumps Market
• What is the CAGR of the global Industrial Pumps Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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