Top Ten Market Players In Pumps Market - KSB SE & Co. KGaA, Xylem Inc. Ebara Corporation, Sulzer Ltd., Kirloskar Brothers Ltd., Flowserve Corporation, The Weir Group PLC

Persistence Market Research (PMR) has published a new research study on the global pumps market in its latest report about the pumps market during 2014-2018 and forecast for 2019-2029. The global pumps market is anticipated to be prominently driven by ongoing infrastructure developments.

The production rate of pumps is increasing across the globe, which is backed by demand from countries in Asia Pacific, Latin America, and MEA. The global demand for pumps is directly correlated to infrastructure development activities worldwide.

To remain 'ahead' of your competitors, request for a sample @https://www.persistencemarketresearch.com/samples/12001

The global market for pumps witnessed significant growth in 2018, and is anticipated to reach a market value of US$ 40 Bn by 2019. In addition, growing investments in wastewater treatment and water supply activities, and rising urbanization in developing economies, such as China and India, are among factors influencing the global demand for pumps.

Submersible centrifugal pumps continue to witness high demand in the Asia Pacific region. Submersible pumps with applications in water and wastewater treatment are increasing momentum in emerging economies. The growth of the pumps market can be attributed to their application in the oil & gas industries.

This has led to the growth of the global pumps market in countries such as the U.S., India, China, South Korea, and Japan. The establishment of new plants for pumps and growing investments in emerging economies across Asia are estimated to improve the demand for pumps over the forecast period.

Pump Prices Remain Influenced by the Entry of Chinese Players

Increase in the number of pump manufacturers and the emergence of Chinese manufacturers as the main exporters of pumps has significantly decreased the prices of pumps in the market. Customers are more inclined toward low-cost pumps due to the high maintenance costs associated with various pumps.

For critical insights on this market, request for ask an expert here @ https://www.persistencemarketresearch.com/ask-an-expert/12001

Furthermore, the evolution of internet-empowered informed consumers is anticipated to change the industry in two key ways: price transparency and online sales. Digital platforms give consumers quick access to pumps with prices offered by various suppliers. Moreover, they give the customer a perspective about the integrity of pump products.

Based on product type, the submersible centrifugal pumps segment is projected to remain significant on the basis of global value share, and reach a share of ~ 31% by the end of 2029. Based on the application of centrifugal pumps, the wastewater treatment segment is estimated to remain a major segment in the global pumps market, accounting for an expected value of more than US$ 14 Bn by the end of 2029.

In 2018, APAC was among the attractive regions in the pumps market, and accounted for ~ 38% of the global market share. Research and development in pumps for applications in the oil & gas, mining, and chemical industries is also anticipated to drive the demand for pumps in regions such as APAC, MEA, and Latin America.

The growing demand for submersible pumps is projected to impact the leading manufacturers to initiate partnerships and joint ventures with regional distributors and suppliers to strengthen their businesses. KSB Se & Co. KGaA, Ebara Corporation, Xylem Inc., Sulzer Ltd., Kirloskar Brothers Ltd.,

For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/12001

The Weir Group PLC, Flowserve Corporation, Grundfos, Ruhrpumpen Group, and WILO SE are some of the key players in the global pumps market. Manufacturers are channelizing efforts to increase their production and distribution units to cater to demand from the rising import and export of centrifugal and positive displacement pumps.

Explore PMR's Extensive Coverage on Industrial Automation Domain -

Agricultural Equipment Market - Agricultural Equipment Market Segmented By Tractors, Combine Harvesters, Rotavators, Power Tillers, Seed Drill, Thresher, Power Weeder : https://www.persistencemarketresearch.com/market-research/agricultural-equipment-market.asp

Fire Protection System Market - Fire Protection Systems Market Segmented By Flame Detectors, Smoke Detectors as Fire Detection Systems, Water Extinguishers, Foam Extinguishers, Dry Chemical Extinguishers, CO2 Extinguishers as Fire Extinguishers, Water Fire Suppression Systems, Gaseous/Clean Agent Fire Suppression Systems, Foam Fire Suppression Systems, Powder Fire Suppression Systems as Fire Suppression Systems, Fire Alarm Devices, Emergency Lighting as Fire Response Systems: https://www.persistencemarketresearch.com/market-research/fire-protection-system-market.asp

Additive Manufacturing Market - Additive Manufacturing Market Segmented By Polymer Machine, Metal Machine, Desktop Machine Hardware and Polymer and Composite, Metal, Ceramics Material and Software in Powder Bed Fusion, Direct Energy Deposition, Material Jetting, Binder Jetting, Material Extrusion, Photopolymerization Technique: https://www.persistencemarketresearch.com/market-research/additive-manufacturing-market.asp

Contact us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.