Industrial Pumps Market – Global Industry Analysis and Forecast (2022-2029)
A research team conducted extensive primary and secondary research for the worldwide industry's Global Industrial Pumps Market study. Secondary research was conducted to supplement existing data, segment the market, estimate total market size, and forecast market size and growth rate.
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to produce worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then checked using primary data.
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Market Scope:
By defining and analyzing market segments and predicting market size, the study aids inunderstanding the Global Industrial Pumps Market dynamic structure. The research also includes a competitiveanalysis of important companies based on pricing, financial situation, application growth plans, and geographical presence. The research also includes a PESTLE analysis to help shareholders prioritizetheir efforts and investments in the Global Industrial Pumps Market shortly.
External and internal elements that are expected to have a favorable or negative effect on the business have been studied, providing decision-makers with a clear future vision of the industry. The study also aids in understanding the dynamic structure of the Global Industrial Pumps Market by examiningmarket segments and predicting Industrial Pumps Market size. The research serves as an investor's guide by providing a clear depiction of competition analysis of major companies in the Global Industrial Pumps Market by pricing, financial situation, growth plans, and regional presence.
The Industrial Pumps Market was valued at US$ 63.38 billion in 2021 and is anticipated to grow to US$ 88.76 billion by 2029 at a CAGR of 4.3%.
Segmentation:
In terms of unit consumption, centrifugal pumps held a about 71% market share, according to Europump EU Association of Pump Manufacturers. The oil and gas industry is growing in emerging economies, and centrifugal pumps are becoming more popular among pump makers. These factors all contribute to segment growth. The dominance of the product is further evidenced by the fact that more than 60% of pump manufacturers in the EU and APAC specialise in developing centrifugal industrial pumps, according to Europump. Centrifugal pumps are also widely utilised in refineries, pipeline services, and other industries. Due to centrifugal pumps' high-pressure development and simple operation, deep-water exploration is made simple and cost-effective.
key players
• Ingersoll-Rand PLC
• Grundfos Pump Corporation
• SPX Flow, Inc.
• Xylem, Inc.
• Sulzer Ltd.
• Flowserve Corporation
• KSB SE & Co. KGaA
• Ebara Corporation
• Iwaki America, Inc.
• ITT, Inc.
• Pentair PLC
• Weir Group PLC
• Hermetic-Pumpen GmbH
• Vaughn Company, Inc.
• Schlumberger Ltd.
• Clyde Union, Inc.
• Baker Hughes, Inc.
• Dover Corporation
.Regional Analysis:
A country-level study of the Industrial Pumps Market focuses on segments identified as potentially high-growth,countries with the biggest market share, and nations with the greatest development potential. NorthAmerica (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany,UK, France, Italy), and Other nations are the geographical breakdowns in the Industrial Pumps Market study.
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Key Questions Answered in the Industrial Pumps Market Report areasia-pacific-enterprise-file-synchronization-and-sharing-market/8046/
What will be the Global Industrial Pumps Market market's CAGR throughout the projected period?
Which market category emerged as the market leader in the Global Industrial Pumps Market market?
Who are the key players in the Global Industrial Pumps Market market?
How big will the Global Industrial Pumps Market market be in 2027?
Which firm had the biggest market share in the Global Industrial Pumps Market market?
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Maximize market research, a global market research firm with a dedicated team of specialists and data, has carried out extensive research about the online event ticketing market. Maximize Market Research is positioned to estimate and forecast the market size with the competitive landscape of the industries. Maximize Market Research has a strong, unified team of industry specialists and analysts across sectors to ensure the entire Industry ecosystem is taken in perspective, factoring all recent development, latest trends, and futuristic – the technological impact of uniquely specific industries. In line with the agreed scope and objective of the study, the company’s approach is uniquely custom detailed.
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