Pumps Market Revenue, Growth, Share,Restraints, Trends, Opportunities, Company Profiles, Analysis & Forecast Till 2030

Pumps Market Overview:

The market research made on the pumps market shows a potential growth at USD 61 Billion during the forecast timeline which is till 2030 at a CAGR of 4.70% because of the increased wastewater and water investment and infrastructure industry.

There has been a rise in the investment in infrastructure upgrades along with other crucial activities like water treatment and power generation which makes the pumps quite imperative. The increased end-user number of applications further in recent times has also increased the market value of the pumps which is likely to resonate with the gradual growth of the oil and gas industry.

In order to move the fuel or work the kinetic energy, pumps are now consuming the imagery that can be engineered for electricity wind power, and even manual operations, especially in industries. There are some present exports that have increased the overall value of the pumps market to a great extent for the industrial activities the countries such as Germany, and the US which are nearly 12 to 14% of the share.

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There are many countries across the world that suffer from the scarcity of water. There are more than 2 billion people across the globe who is living in regions where the water supply is quite less. It is noted that more than half of the popular of the world might be living in scarcity of water-based areas by the year 2025. There are also estimates that talk about the water conversation awareness that has stimulated the treatment process of the water in different industries and further has fueled up the growth of the pumps market. The increased activities of industry areas and also infrastructure innovation further have aided the market of the pumps. There has also been a good growth in the chemical-based industries all across the globe which has also increased the pump demand.

The pandemic crises have affected many industries and also lessen the production and supply chain speed. The country's governments have imposed stringent regulations and lock-downs while restricting the movement so the pandemic crises could be controlled. The major number of end users because of this have lost a huge percentage of the revenue in present times because of limited demand.

Market Segmentation:

As per the Type:
Portable
Stationary

As per the Position:

Non-submersible
Submersible
Based on Driving Force:
Electric-driven
Engine-driven

As per the Technology:
Centrifugal
Vane
Positive Displacement Pump
Dynamic Pumps
Rotary
Piston/Plunger
Reciprocating
Screw
Gear
Diaphragm

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As per the End User:
Building & construction
General industries
Chemicals
Mining
Oil & Gas
Water & wastewater treatment
Power generation

Regional Classification:

The regional analysis that has been showing the quick infrastructural development has paced up the pump industry growth in the US. There has also been a movement in the nation's rail system which has moved more than 40% of the goods of the nation which may need more than USD 30 Billion in the near future. Asia-Pacific is another region that is also showing an active involvement and holds an account of nearly 46% and is likely to grow the market even more in the forecast timeline.

Industry News:

Centrifugal pumps transport the fluid using rotational kinetic energy which is now paced by the impeller at once when it enters the rotational axis.

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Key Players

Rundfos (Denmark)
Sulzer (Switzerland)
Flowserve (US)
ITT Corporation (US)
Danfoss (Denmark)
Ingersoll-Rand (Ireland)
The Weir Group (UK)
Ebara Corp (Japan)
KSB (Germany)
Schlumberger (US)
Nikkiso Co Ltd (Japan)
Wilo AG (Germany)
Roper Industries (US)

Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.
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