Pumps Market to Explosive Growth by 2028: Key Players lowserve Corp., Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd., Ebara Corp., Weir Group PLC, Schlumberger Ltd., Baker Hughes Company, Clyde Union Inc., Dover Corp., Kirloskar Brothers Lt

Global Pumps Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2028. Pumps Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Pumps market and provides information regarding the revenue for the period 2019 to 2028.

The global pumps market is estimated to grow a moderate rate of around 3.5% over the forecast period. The market growth is attributed to the increasing adoption of pumps across end-users for a range of applications.

In addition, rising public and private expenditure in the modern water infrastructure sector further gives a boost to the growth of the global pumps market. Countries are building state-of-the-art flood control systems in flood-prone areas which are also expected to surge the demand for pumps. Moreover, the increasing use of pumps in industrial applications such as chemical and pharmaceutical is another major factor positively impacting the market growth. Surging construction activities and rapid industrialization in developing economies have boosted the growth indicators across mining, oil & gas industry, and water infrastructure that are other factors for the market growth.

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Market Segmentation

The global pumps market has been analyzed on the basis of type, installation, end-user, and region. Based on the type, the market is segmented into centrifugal pump and positive displacement pump. The centrifugal pump segment is dominating the global pumps market in 2022 and is further expected to maintain its dominating position over the forecast period. Based on installation, the market is bifurcated stationary and portable. Based on end-user, the market covers the analysis of oil & gas, chemical & petrochemical, water & wastewater, power generation, and others. The demand for pumps in water & wastewater applications is expected to grow at a significant rate during the forecast period. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.

Market Structure and Competition Landscape

The growth of the global pumps market is characterized by the presence of players operating in the market. Some of the players operating in the market include Flowserve Corp., Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd., Ebara Corp., Weir Group PLC, Schlumberger Ltd., Baker Hughes Company, Clyde Union Inc., Dover Corp., Kirloskar Brothers Ltd., Ingersoll Rand, Inc. and Atlas Copco, among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global pump market include,

• In February 2020, Ingersoll-Rand announced the spin-off of its industrial segment and combine it with Gardner Denver Holdings Inc.

• In May 2019, Ingersoll-Rand acquired the Precision Flow System, one of the prominent providers of fluid management systems consisting of brands like Milton Roy, LMI, Haskel, BuTech, Dosatron, YZ Systems, Williams, and Hartell. This acquisition enabled Ingersoll-Rand to reinforce its revenue stream by expanding its brand portfolio.

Objective to buy this Report:

1. Pumps analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc.
2. Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy.
3. In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.
4. The report starts with Pumps market statistics and moves to important points, with dependent markets categorized by market trend by application.
5. Applications of market may also be assessed based on their performances.
6. Other market attributes, such as future aspects, limitations and growth for all departments.

Questions And Answers: Global Pumps Market

Q1. What is the CAGR that the Pumps Market is expected to register through the projected duration?

Answer: The Pumps Market is likely to register a CAGR of 3.5% over the forecast period.

Q2. Which end-user category is slated to contribute significantly to worldwide pumps market earnings?

Answer: The water & wastewater segment of worldwide pumps industry is poised to grow significantly over the forecast duration.

Q3. Which Are the Key Players in Global Pumps Market?

Answer: Flowserve Corp., Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd., Ebara Corp., Weir Group PLC, Schlumberger Ltd., Baker Hughes Company, Clyde Union Inc., Dover Corp., Kirloskar Brothers Ltd., Ingersoll Rand, Inc. and Atlas Copco, among others.

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