Press release
Strong Growth Ahead: Industrial Pumps Market Size To Grow At Arecord 5.2% Cagr By 2029
Industrial Pumps Market
What Is the Projected Growth of the Industrial Pumps Market?
The market size for industrial pumps has seen a consistent growth in recent years. The size is projected to rise from $85.48 billion in 2024 to $88.93 billion in 2025, marking a compound annual growth rate (CAGR) of 4.0%. This growth during the historic period is due to factors like the introduction of hygiene and food safety norms, growth in agriculture and irrigation, an uptick in urbanization and construction activities, as well as expansion in the chemical and petrochemical sectors.
The market size for industrial pumps is anticipated to experience robust growth in the coming years. It is projected to escalate to a value of $108.86 billion by 2029, representing a compound annual growth rate (CAGR) of 5.2%. The upward trend during the prediction period can be ascribed to factors such as the incorporation of IoT for enhancing pump performance, market proliferation in emerging regions, broadened application of pumps in oil and gas sector, augmented role of pumps in renewable energy and increasing demand for industrial processing pumps. Key trends observed during the forecast period encompass industry 4.0 assimilation, initiatives for energy efficiency, strategic alliances, advanced smart pump technologies, along with customization and modular designs.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8450
What Are the Different Industrial Pumps Market Segments?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8450&type=smp
What Are the Primary Drivers Shaping the Industrial Pumps Market?
The growth of the industrial pumps market is anticipated to be driven by a surge in construction activities. These activities encompass land-disturbing tasks related to creating infrastructures and buildings, requiring the use of industrial pumps to eliminate surplus water from the site that may arise from factors such as heavy rainfall or high water tables. Hence, growth in the construction sector directly fuels the market for industrial pumps. For example, Construction Digital, a UK-based firm linking all construction brands, predicted in June 2023 that the construction sector in the UK would expand by 12% in 2024, with an additional growth of 3% anticipated in 2025. As such, the rise in construction initiatives is a significant contributor to the expansion of the industrial pumps market.
Which Companies Are Leading in the Industrial Pumps Market?
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.
What Are the Major Trends Shaping the Industrial Pumps Market?
Product innovation is being widely recognized as a critical trend in the industrial pumps market. Major companies in this market are honing in on the creation of new technological solutions in an effort to enhance their standing. Take, for instance, Vogelsang GmbH & Co. KG, a German manufacturer, developer, and distributor of advanced equipment, who in March of 2022 released highly efficient rotary lobe pumps. These pumps, specifically designed to handle extreme conditions and maintain consistent high-pressure performance, are ideal for use in the oil and gas industry. They represent a unique offering in the marketplace, boasting a robust gearbox that sustains a constant pressure output of 18 bar and can withstand temperatures up to 200° C.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/industrial-pumps-global-market-report
What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Pumps Market?
2. What is the CAGR expected in the Industrial Pumps Market?
3. What Are the Key Innovations Transforming the Industrial Pumps Industry?
4. Which Region Is Leading the Industrial Pumps Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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 Strong Growth Ahead: Industrial Pumps Market Size To Grow At Arecord 5.2% Cagr By 2029 here
News-ID: 4011938 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
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 Agricultural Vortex Pump Market Key Players Grundfos,Franklin Electric,Sh …
According to this study, over the next five years the Agricultural Vortex Pump market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Agricultural Vortex Pump business.
Sample Request@ https://www.researchreportsinc.com/sample-request?id=247404
This report presents a comprehensive overview, market shares, and…
