Industrial Pumps Market Industry Overview, Growth Rate and Forecast 2022-2027

1. Global Industrial Pumps Market Research and Forecast Report 2022-2027 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Industrial Pumps Market Research Report: The latest report by IMARC, titled “Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” " the global industrial pumps market reached a value of US$ 60.3 Billion in 2021. Industrial pumps refer to mechanical equipment that are generally used for heavy-duty applications, including transferring slurry, chemicals, petroleum and sludge. They are commonly manufactured using cast iron or carbon steel that provides excellent heat resistance, strength and superior casting performance to the pumps. They are usually operated manually or with the help of energy sources, such as electricity, wind power and engines. They are widely utilized for water injection, hydrocarbon processing, pipeline systems and refineries across numerous sectors. The rising infrastructural development projects are providing a boost to the uptake of industrial pumps across the globe. Request Free Sample Report: https://www.imarcgroup.com/industrial-pumps-market/requestsample

4. Report Description and Highlights Report Description Global Industrial Pumps Market Trends : The global market is primarily driven by significant growth across the oil and gas industry. This is supported by the increasing exploration activities on the global level. Additionally, the rising utilization of centrifugal pumps for biochemical processes is acting as a major growth-inducing factor. Furthermore, the growing number of petrochemical plants across numerous countries are impelling the market growth. In addition to this, the widespread adoption of industrial pumps in wastewater management and the increasing utilization of submersible pumps for pumping excess water in the construction sites are positively influencing the market growth. Moreover, various technological advancements are providing a boost to the market growth. In line with this, the integration of the Internet of Things (IoT) with the manufacturing process of industrial pumps for reducing human interference is creating a positive outlook for the market. Other factors, including rapid industrialization, continuous product innovations and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 83.4 Billion by 2027, growing at a CAGR of 6.1% during 2022-2027. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

5. Report Description and Highlights Report Description Market Summary: Breakup by Product: • Centrifugal Pump • Axial Flow Pump • Radial Flow Pump • Mixed Flow Pump • Positive Displacement Pump • Reciprocating • Rotary • Others • Others Breakup by Distribution Channel: • Online • Offline Breakup by Application: • Oil and Gas

6. Report Description and Highlights Report Description • Chemicals • Construction • Power Generation • Water and Wastewater • Others Breakup by Region: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany

7. Report Description and Highlights Report Description • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • Ebara Corporation Flowserve Corporation Grundfos Holding A/S ITT Inc. Iwaki Co. Ltd. KSB SE & Co. KGaA Schlumberger Limited SPX Flow Inc. Sulzer Ltd. The Weir Group PLC Vaughan Co. Inc. Xylem Inc. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/industrial-pumps-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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