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Pumps Market Comprehensive Analysis By Growth Strategies, Trends, Statistics, Opportunities, And Major Market Key Players By 2029
Based on previous market performance, the Pumps market is expected to reach USD 121.99 billion in size by 2029. With a 3.9% CAGR.Pumps Market Overview:
Pumps are growing more crucial as infrastructure and other critical functions such as wastewater treatment and energy generation become more developed. Furthermore, the number of end-user applications has grown in recent years, and the worldwide pumps market value is expected to grow in tandem with the oil and gas industry's continued rise. Pumps require energy to move fluid or perform kinetic energy, which can originate from a range of sources, including wind power, electricity, and a variety of other businesses.
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The growth of the global centrifugal pump market will be fueled by the rapid development of residential and commercial infrastructure, as well as the expansion of the manufacturing sector. The increase can be ascribed to increased investment in the construction industry, which has resulted in fast urbanization. The agricultural sector's significant demand for these pumps might be ascribed to the market's expansion.
Based on our expert's analysis the players that are leading the market includes: Schlumberger Ltd, Ingersoll Rand, Weir Group PLC, Vaughan Company Inc, KSB SE & Co. KGaA, Pentair, Grundfos Holding A/S, Xylem, Flowserve Corporation and ITT Inc. and Others.
The whole market is segmented as follows:
Pumps Market by Product Type, 2020-2029, (In USD Million)
Centrifugal Pump
Positive Displacement Pump
Pumps Market by Application, 2020-2029, (In USD Million)
Agriculture
Building & Construction
Waste & Wastewater
Power Generation
Oil & Gas
Chemical
Industry Developments:
In January 2018, Armstrong Fluid Technology acquired Halm's circulator pump division. The acquisition is ascribed to Armstrong's objective of providing a holistic solution to their global customer base and establishing itself as a leader in the pump business.
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Pumps Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Pumps Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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