The global Industrial Pumps Market size was valued at USD 65.1 billion in 2023 and is expected to reach a value of USD 90.2 billion by 2030, growing at a CAGR of 5.6% from 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the Industrial Pumps Market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Industrial Pumps Market segmentation:
1) By Product: Centrifugal Pumps, Positive Displacement Pump, Others.
2) By Application: Oil Gas, Chemicals, Construction, Power, Water Wastewater, Others.
The primary factors of the Industrial Pumps Market drivers are increased use of industrial pumps in various industries. The Industrial Pumps Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The Industrial Pumps Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the Industrial Pumps Market report, accounting for the highest share in 2021. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by Industrial Pumps Market key players are Grundfos Pump Corp., Xylem, Inc., Ingersoll-Rand PLC, Flowserve Corp., KSB SE Co. KGaA, Sulzer Ltd., Pentair PLC, Iwaki America, Inc., Schlumberger Ltd., Ebara Corp., Weir Group PLC, Vaughan Company, Inc., Hermetic-Pumpen GmbH covered here to help them in strengthening their place in the market.
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