Press release
Product innovation is a key trend gaining popularity in the industrial pumps market. Major companies operating in the industrial pumps market are focused on developing new technological solutions to strengthen their position
Industrial Pumps Market Size
The escalation in construction endeavors is anticipated to boost the progression of the industrial pumps market. The term "construction activities" refers to the operations related to the setup and assembly involved in land-disturbing movements to establish structures and infrastructure. Industrial pumps are utilized in construction to eliminate excess water buildup at the site due to heavy rainfall or high water tables, thus an escalation in construction works will stimulate the market. For instance, in June 2023, Construction Digital, a UK-based firm linking all construction brands, reported that the UK construction sector is expected to see a 12% growth in 2024, with a subsequent 3% rise in 2025. Consequently, the surge in construction activities is fuelling the expansion of the industrial pumps market.
Get Your Industrial Pumps Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-pumps-global-market-report
What Is the projected market size and growth rate for the industrial pumps market?
The scale of the industrial pumps market has been expanding consistently over the past few years. The market growth is projected to increase from $85.48 billion in 2024 to an estimated $88.93 billion in 2025, achieving a compound annual growth rate (CAGR) of 4.0%. Factors that contributed to the growth in the historic phase include the rise of hygiene and food safety standards, the expansion of agricultural and irrigation activities, urban development and robust construction activities, along with the expansion of the chemical and petrochemical sector.
In the coming years, the industrial pumps market is anticipated to experience substantial growth. It is predicted to escalate to a market size of $108.86 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%. The surge during the forecast period can be ascribed to the adoption of Internet of Things (IoT) for the optimization of pump performance, growth of the market in emerging regions, proliferation of pump applications in oil and gas, the increasing significance of pumps in the renewable energy sector, and the rising demand for industrial processing pumps. Key trends during this period include the integration of industry 4.0, energy-efficiency movements, strategic alliances, innovative smart pump technologies, and the emphasis on customization and modular designs.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8450&type=smp
What new trends are reshaping the industrial pumps market and its opportunities?
The surge in product innovation is a noteworthy trend in the industrial pumps market. Several prominent companies in this market are striving to introduce new technological solutions to consolidate their standing. For example, Vogelsang GmbH & Co. KG, a German company known for its expertly manufactured equipment, in March 2022, debuted its highly efficient rotary lobe pumps. These products, uniquely tailored for extreme environments and consistent high-pressure operation, are ideal for use in the oil and gas industry. The market hasn't seen any pumps like this before - they come with a rugged gearbox capable of maintaining a pressure output of 18 bar and can tolerate temperatures of up to 200° C.
What major market segments define the scope and growth of the industrial pumps market?
The industrial pumps market covered in this report is segmented -
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
Subsegments:
1) By Centrifugal Pump: End Suction Pumps, Vertical Turbine Pumps, Submersible Pumps, Axial Flow Pumps
2) By Positive Displacement Pump: Gear Pumps, Diaphragm Pumps, Piston Pumps, Peristaltic Pumps
3) By Other Products: Screw Pumps, Progressive Cavity Pumps, Hydraulic Pumps
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8450
Which region dominates the industrial pumps market?
Asia-Pacific was the largest region in the industrial pumps market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the industrial pumps industry growth?
Major companies operating in the industrial pumps market include Schlumberger Limited, Baker Hughes Company, Atlas Copco, Xylem Inc., Regal Beloit Corporation, Worthington Industries, Alfa Laval AB, EBARA International Corporation, Pentair PLC., Idex Corporation, Grundfos Holding A/S, The Weir Group PLC., Sulzer Ltd, ITT Inc., KSB SE &Co. KGaA, Wilo SE, SPX Flow Inc., Nikkiso Co. Ltd., Kirloskar Brothers Limited, Flowserve Corporation, Gorman-Rupp Company, Tsurumi Manufacturing Co. Ltd., Sundyne LLC, Iwaki Co. Ltd., HMS Group, PumpWorks Inc., LEWA GmbH, ClydeUnion Pumps, Vertiflo Pump Company, PPI Pumps Pvt. Ltd., Hayward Tyler Group Ltd., Parker Hannifin Corporation, SPP Pumps Limited, CRI Pumps Pvt. Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=8450&type=smp
What Is Covered In The Industrial Pumps Global Market Report?
•Market Size Forecast: Examine the industrial pumps market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial pumps market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial pumps market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial pumps market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial pumps market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial pumps market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial pumps market.
•Competitive Landscape: Review strategic developments in the industrial pumps market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Product innovation is a key trend gaining popularity in the industrial pumps market. Major companies operating in the industrial pumps market are focused on developing new technological solutions to strengthen their position here
News-ID: 3911703 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Influencing the Extraterrestrial Legal Systems M …
Exploring the Future of Extraterrestrial Legal Systems
As humanity advances its presence beyond Earth, the need for specialized legal frameworks governing activities in outer space is becoming increasingly critical. The extraterrestrial legal systems market is set to expand rapidly, driven by the complexities of managing property rights, regulatory compliance, and dispute resolution in off-world environments. Let's delve into the anticipated market value, key players, significant trends, and the main segments shaping…
Emerging Growth Trends Driving Expansion in the Explosion Proof Cabins Market
The explosion proof cabins market is set to experience significant growth over the coming years, driven by increasing industrial safety demands and technological advancements. This market's evolution is shaped by emerging materials, innovative designs, and expanding applications, which all contribute to the rising adoption of explosion-resistant cabins in hazardous environments.
Forecast of the Explosion Proof Cabins Market Size by 2030
The explosion proof cabins market is projected to reach a value of…
Market Structure, Emerging Trends, and Key Player Analysis of the Electronic Pay …
The electronic payload fairing separation system market is poised for impressive expansion as innovations and technological advancements continue to reshape space launch operations. This report delves into the anticipated market size, key players, emerging trends, and segment classifications, offering a comprehensive overview of this specialized aerospace sector.
Projected Market Size and Growth Trajectory for Electronic Payload Fairing Separation Systems
The market for electronic payload fairing separation systems is forecasted to achieve substantial…
Leading Companies Fueling Growth and Innovation in the Dual Mode Microwave Seeke …
The dual mode microwave seeker market is positioned for significant expansion over the coming years, driven by a range of technological advancements and increasing defense requirements. This segment plays a crucial role in modern warfare and missile guidance, with innovation and integration shaping its future trajectory. Let's explore the current market size, key drivers, major players, and segmentation of this specialized industry.
Projected Market Growth for the Dual Mode Microwave Seeker…
More Releases for Pump
Asphalt Pumps Market Key Players: Johnson Pump, Viking Pump, Rotan Pump, Shanggu …
The Asphalt Pumps Market Research Reports 2021 – 2027 is an Analysis and In-depth study of the Asphalt Pumps Market Industry, with the target of global market trend. The report mainly focuses on the market size, market structure, market share, growth cost structure, and forecast for 2027. The Research Report is an analysis of quantitative of the Asphalt Pumps market and gives information for making strategies…
Automotive Pump Market Forecast to 2028 - Covid-19 Impact and Global Analysis - …
MARKET INTRODUCTION
Automotive pumps are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
Download Sample Report in PDF Version @ www.theinsightpartners.com/sample/TIPRE00006033/?utm_source=openpr&utm_medium=10387
This report sample includes:
A brief introduction to…
Solar Pump Market Current & Future Growth Forecast To 2027 | CRI Pump, LORENTZ, …
Asia-pacific contributed to the highest share, accounting for more than half of the global solar pump market in 2019, and will maintain its dominance throughout the forecast period. This is attributed to increase in government initiatives in region such as India, drive the market growth in this region. However, Europe is expected to grow at the highest CAGR of 8.5% from 2020 to 2027. This is owing to means of…
Agricultural Pump Market Advancement Outlook 2020-2026: Sulzer, Dayuan Pump, Wil …
The Latest report about the Agricultural Pump market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Agricultural Pump market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with…
Agricultural Water Pump Market Growth Opportunities 2020: Lingxiao Pump, East Pu …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Agricultural Water Pump Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Agricultural Water Pump market players. According to the study, the worldwide Agricultural Water Pump market report unfolds the current and historical Agricultural Water Pump industry scenarios, Agricultural Water Pump market development patterns and is expected…
Global Slurry Pump Market: Tsurumi Pump, Shijiazhuang Kingda Pump, Xylem, Weir G …
Global Market Study Evaluate on Slurry Pump Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022
The scope of the global Slurry Pump market report is:
This report offers a comprehensive evaluation of the Slurry Pump market. It does so by in-depth qualitative insights, historical Slurry Pump market data, and verifiable projections about global Slurry Pump market size. The projections featured in the Slurry Pump market report have been…
