Mechanical Pump Market Analysis by Industry Perspective, Comprehensive Analysis, Growth and Forecast 2021-2028

According to our new research study on "Mechanical Pump Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Stage, Type, Application, and Geography," the market is projected to reach US$ 72,732.2 million by 2028 from US$ 49,639.6 million in 2021; it is expected to grow at a CAGR of 5.6% from 2021 to 2028.

Currently, a majority of energy is being generated through conventional power plants, including coal-powered, gas-powered, nuclear, biogas-powered, and geothermal power plants. Water plays a key role in the electricity generation in these plants, as it is converted into steam to propel the turbines. Mechanical pumps are used for circulating water in these power plants. Owing to the increase in population, industrialization, and urbanization across the world, especially in Asia Pacific, the demand for energy is increasing at a high pace. As a result, several fossil fuel-powered power plants are being deployed across the world. For instance, in August 2021, China's provincial governments approved the construction of 24 new coal power projects capable of generating 5.2 gigawatts (GW) of energy. In December 2020, the government OF South Korea stated its willingness to increase the LNG-based power capacity of the country by 43%, to raise it to 59.1 GW by 2034. In September 2021, the South African government announced its plan of a new 2,500-megawatt nuclear power plant to end the procurement process by 2024. In May 2021, the government of Australia announced to invest US$ 468 million in the development of a controversial gas-fired power plant. Moreover, power generation from the renewable sources of energy is in a nascent stage and is majorly being emphasized in North America and Europe. Thus, the growing demand for energy, consequently escalating power generation activities, is boosting the mechanical pumps market growth.

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Mechanical Pump Market - Company Profiles

EBARA CORPORATION
Grundfos Holding A/S
KIRLOSKAR BROTHERS LIMITED
KSB SE & Co. KGaA
PLEUGER INDUSTRIES
Sulzer Ltd
The Weir Group PLC
Tsurumi Manufacturing Co., Ltd.
WILO SE
Xylem Inc.

The latest research report on the "Mechanical Pump Market - Industry Analysis, Market Size, Opportunities and Forecast, 2021 - 2028" provides a comprehensive assessment of the Mechanical Pump market for the forecast period from 2021 to 2028. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Mechanical Pump market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Mechanical Pump Market in order to help decision makers with various strategic insights and future outlook. The Mechanical Pump market is expected to witness continued growth during the forecast period from 2021 to 2028.

This is a professional and in-depth study on the current state of the Mechanical Pump Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Mechanical Pump Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Mechanical Pump Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

The mechanical pump market is segmented on the basis of stage, type, and application. Based on stage, the market is bifurcated into single stage and multi stage. Based on type, the market is bifurcated into displacement and centrifugal pumps. Based on application, the mechanical pump market is segmented into industrial, commercial, and residential. Based on geography, the global market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).

The report segments the global Mechanical Pump Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Mechanical Pump Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report focuses on global major leading Mechanical Pump Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

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Reasons to Buy
• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global Mechanical Pump market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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