The Industrial Pumps Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Industrial Pumps Market:
https://www.thebusinessresearchcompany.com/report/industrial-pumps-global-market-report
According to The Business Research Company’s Industrial Pumps Global Market Report 2024, The industrial pumps market size has grown strongly in recent years. It will grow from $64.82 billion in 2023 to $68.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to emergence of hygiene and food safety standards, expansion of agriculture and irrigation, urbanization and construction boom, chemical and petrochemical sector growth.
The industrial pumps market size is expected to see strong growth in the next few years. It will grow to $87.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to adoption of IoT for pump performance optimization, market expansion in developing regions, expansion of pump applications in oil and gas, growing role of pumps in renewable energy, rise in demand for industrial processing pumps. Major trends in the forecast period include industry 4.0 integration, energy efficiency initiatives, strategic partnership, smart pump technologies, customization and modular designs.
An increase in construction activities is expected to propel the industrial pumps market growth going forward. Construction activities refer to the installation and assembling activities associated with land-disturbing activities to develop infrastructure and structures. Industrial pumps are used in construction to remove the excess water on the site accumulated due to high water tables or heavy rain, so an increase in construction activities will propel the market. For instance, according to Marsh, a US-based professional services firm, the residential construction activity was the fastest growing sector globally at 7.1% in 2021, and further construction of infrastructure grew at a rate of 6.8% in 2021. Therefore, an increase in construction activities is driving the growth of the industrial pumps market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8450&type=smp
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
Major companies operating in the industrial pumps market are developing innovative products with advanced technologies such as submersible recirculation, to provider reliable services to customers. A submersible recirculation pump is a specific type of pump designed to operate completely submerged in a liquid and continuously move it within a closed loop or system. For instance, in January 2023, Sulzer, Switzerland- based industrial engineering and manufacturing firm launched an updated submersible recirculation pump with improved efficiency and performance, called the XRCP recirculation pump. The recently released line of XRCP recirculation pumps features design enhancements that resulted in a 20% boost in hydraulic efficiency. Design improvements that have increased motor efficiency, dependability, and optional condition monitoring capabilities are included in the XRCP pump line. The recirculation of activated sludge in denitrification processes is one of the many uses for this pump.
The industrial pumps market report table of contents includes:
- Executive Summary
- Industrial Pumps Market Characteristics
- Industrial Pumps Market Trends And Strategies
- Industrial Pumps Market - Macro Economic Scenario
- Global Industrial Pumps Market Size and Growth
.
.
.
- Global Industrial Pumps Market Competitive Benchmarking
- Global Industrial Pumps Market Competitive Dashboard
- Key Mergers And Acquisitions In The Industrial Pumps Market
- Industrial Pumps Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Schlumberger Limited
- Baker Hughes Company
- Atlas Copco
- Xylem Inc
- Regal Beloit Corporation
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Industrial Grout Pumps Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the industrial grout pumps market include Kenrich Products, Inc., Atlas Copco, Chemgrout, Mai International GmbH, MESA Industries, Inc., Chengdu Gute Machinery Works Co.,Ltd, Gaode Equipment Co., Ltd, TOHO CHIKAKOKI, UKSGP, Metro Industries.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Industrial Grout Pumps Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-grout-pumps-market/download-sampleMarket DynamicsA growing need for versatile equipment in the rapidly expanding construction sector is the primary driver for the market's growth.
The increasing demand for grout pumps in other industries like pulp and paper, municipal, engineering, pharmaceutical, food and beverage, HVAC, automotive, filtration, chemical, and OEM will further expand market reach.
Lack of awareness and environmental hazards of these pumps are the main concerns of the market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
