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Vertical Immersion Pumps Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Vertical Immersion Pumps Market
The Business Research Company presents an extensive market research report on the Vertical Immersion Pumps Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The vertical immersion pumps market size has grown steadily in recent years. It will grow from $3.44 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to industrial applications, efficiency and reliability, expansion of oil & gas sector, chemical processing demand, water and wastewater treatment. .
The vertical immersion pumps market size is expected to see steady growth in the next few years. It will grow to $4.21 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to industry 4.0 integration, energy efficiency focus, emerging renewable energy sectors, advanced materials development, rising demand in asia-pacific.. Major trends in the forecast period include strategic collaboration, remote operations and monitoring, service and maintenance solutions, customization and adaptability, water management solutions..
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Key Market Players:
Major companies operating in the vertical immersion pumps market report are KSB SE & Co. KGaA, ITT Inc., Ruhrpumpen Group, Castle Pumps Ltd., AxFlow Holding AB, Flowserve Corporation, North Ridge Pumps Ltd., Tapflo Group, Vertiflo Pump Company, FLUX-Geräte GmbH, Salvatore Robuschi and C. S.r.l., Lenntech BV, Brinkmann Pumps GmbH + Co. KG, Gusher Pumps Inc., Tapflo Pumps UK Ltd., C.R.I. Pumps Pvt. Ltd., National Pump Company, Grundfos Pumps Corporation, Pentair plc, Simflo Pump Inc., Process Systems Ltd., Neptuno Pumps Ltd., Sintech Precision Products Ltd., Ebara Corporation, Tsurumi Manufacturing Co. Ltd., Weir Group plc, Kirloskar Brothers Limited, Shakti Pumps Ltd., WPIL Limited, Crompton Greaves Consumer Electricals Limited, Kishor Pumps Pvt. Ltd., Rotech Pumps & Systems Inc., T-T Pumps Ltd., V-Guard Industries Ltd., Vansan Water Technologies, Zhejiang DOYIN Pump Industry Co. Ltd.
Market Drivers:
The growing demand from various industries is expected to propel the demand for the vertical immersion pumps market going forward. Vertical immersion pumps are gaining traction in a variety of sectors, including irrigation, dewatering, water cooling, and oil, gasoline, and lubricant transfer. Due to its multiple uses, there is an increase in demand for vertical immersion pumps in the oil and gas, chemical, and power generation industries because to its increasing demand in the global market. For instance, in October 2022, according to the U.S. Energy Information Administration (EIA), a US-based government agency, global liquid fuel consumption is expected to increase by 100.98 million barrels per day in 2023. Therefore, the growing demand from various industries will drive the need for the vertical immersion pumps market.
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https://www.thebusinessresearchcompany.com/report/vertical-immersion-pumps-global-market-report
The vertical immersion pumps market covered in this report is segmented -
1) By Product Type: Line Shaft Pump (VS-4) , Cantilever Pump (VS-5)
2) By Material: PP (GFR) , PVDF, Cast iron, Ductile cast iron, WCB, Other Materials
3) By Capacity: Up to 100m3/hr, 100 to 500m3/hr, 500 to 1000m3/hr, Above 1000m 3/hr
4) By Application: Irrigation, Potable Water Supply, Water Cooling, Dewatering, Geothermal Well, Oils, Fuels, Lubricants Transfer, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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