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Pumps Market worth $131.74 billion by 2030, growing at a CAGR of 4.71% - Exclusive Report by 360iResearch
Pumps Market | 360iResearch
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The pumps market includes a range of mechanical devices designed for fluid movement by mechanical action, segmented by type, application, end-use industry, technology, and region. Pumps, crucial in sectors such as oil & gas, water and wastewater treatment, chemicals, power, pharmaceuticals, food and beverage, and construction, ensure efficient fluid transfer and process continuity. Key growth factors include urbanization and infrastructure development necessitating efficient water management, industrial expansion in oil & gas and power generation, technological advancements enhancing durability and efficiency, stricter environmental regulations driving the need for advanced pumps, and ongoing maintenance and replacement demands. Opportunities exist in integrating Internet of Things (IoT) for real-time monitoring, developing energy-efficient designs aligning with sustainability goals, targeting emerging markets, customizing pumps for specific applications, and creating eco-friendly solutions like solar-powered pumps. Recommendations focus on robust R&D for innovative, energy-efficient products, expanding into high-growth emerging markets, leveraging IoT for operational efficiency, strengthening after-sales services, and collaborating on sustainability initiatives. The market faces challenges such as high initial costs, technical complexity, market fragmentation leading to competitive pricing pressures, regulatory compliance costs, and raw material price volatility. Areas for innovation and research include smart and autonomous systems, IoT and AI integration, predictive maintenance using machine learning, energy efficiency through sustainable materials, customized solutions for specific industry needs, advanced manufacturing techniques like 3D printing, and renewable energy applications. The pumps market is characterized by steady growth driven by industrial and infrastructure development, with numerous players competing through innovation and strategic mergers and acquisitions aiming to enhance product portfolios and geographic presence.
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Market Segmentation & Coverage:
This research report categorizes the Pumps Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Centrifugal Pumps and Positive Displacement Pump. The Positive Displacement Pump is further studied across Diaphragm Pumps Positive Displacement, Reciprocating Pumps Positive Displacement, and Rotary Pumps Positive Displacement.
Based on Distribution Channel, market is studied across Offline and Online.
Based on End-User, market is studied across Agriculture, Chemicals & Petrochemicals, Manufacturing & Construction, Mining, Oil & Gas, Pharmaceutical, Power Generation, and Water & Wastewater.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
Key Company Profiles:
The report delves into recent significant developments in the Pumps Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval Corporate AB, Altra Industrial Motion Corporation, Atlas Copco AB, Baker Hughes, Cornell Pump Company, Dover Corporation, Ebara Corporation, Flowserve Corporation, Fristam Pumps USA, Gardner Denver, Gorman Rupp Company, Graco Inc., Grundfos Holding A/S, HERMETIC-Pumpen GmbH, Idex Corporation, Ingersoll Rand Inc., ITT Inc., Kirloskar Brothers Ltd., KSB SE & Co. KGaA, Ruhrpumpen Group, Schlumberger Limited, SPX FLOW, Inc., Sulzer Ltd., The Weir Group PLC, Thompson Pump and Manufacturing Company, WILO SE, and Xylem Inc..
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pumps Market, by Type
7. Pumps Market, by Distribution Channel
8. Pumps Market, by End-User
9. Americas Pumps Market
10. Asia-Pacific Pumps Market
11. Europe, Middle East & Africa Pumps Market
12. Competitive Landscape
13. Competitive Portfolio
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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