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Industrial Pumps Market 2023- Market Size, Prominent Players, Business Growth, Key Drivers And Forecast To 2032
Industrial Pumps Market Analysis
Industrial Pumps Market Size, Growth Rate, And Forecast
The global industrial pumps market size is expected to grow from $60.95 billion in 2022 to $64.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial pumps market size is expected to grow to $80.55 billion in 2027 at a CAGR of 5.6%.
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Industrial Pumps Market Drivers
An increase in construction activities is expected to propel the industrial pumps market growth going forward. Construction activities refer to the installation and assembling activities associated with land-disturbing activities to develop infrastructure and structures. Industrial pumps are used in construction to remove the excess water on the site accumulated due to high water tables or heavy rain, so an increase in construction activities will propel the market.
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Industrial Pumps Market Segments
1) By Product: Centrifugal Pump, Positive Displacement Pump, Other Products
2) By Position: Submersible, Non-Submersible
3) By Driving Force: Engine Driven, Electrical Driven
4) By Application: Oil And Gas, Chemicals, Construction, Power Generation, Water And Wastewater, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the industrial pumps market.
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Industrial Pumps Market Key Players
Major competitors in the industrial pumps market include Grundfos Holding A/S, Xylem Inc., Flowserve Corporation, SPX Flow Inc., KSB SE &Co. KGaA, Sulzer Ltd.., ITT Inc., Schlumberger Limited, EBARA International Corporation.
The Business Research Company's "Global Industrial Pumps Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Pumps Market Include:
1. Executive Summary
2. Industrial Pumps Market Characteristics
3. Industrial Pumps Market Trends And Strategies
4. Industrial Pumps Market - Macro Economic Scenario
5. Industrial Pumps Market Size And Growth
........
26. Africa Industrial Pumps Market
27. Industrial Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Pumps Market
29. Industrial Pumps Market Future Outlook and Potential Analysis
30. Appendix
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