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Industrial Pumps Market – Forecast, 2020-2027

Rising adoption of these pumps across various end-use industries, such as chemicals and petrochemicals, are certain factors surging the growth of the global industrial pumps market. The growing demand for wastewater and water treatment, coupled with the rapid expansion of the oil & gas industry due to the rising rate of population and industrial development, will further bolster the growth of the market during the forecast period. <br><br>Visit:u00a0https://www.gmiresearch.com/report/global-industrial-pumps-market/

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Industrial Pumps Market – Forecast, 2020-2027

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  1. Report Title Industrial Pumps Market – Global Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

  2. The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study. Competitive Rivalry of the Industrial Water Pump Market: The leading players in the industrial water pump market include Franklin Electric, AR North America, Global Pump, Sulzer Ltd., GRUNDFOS, Haight Pumps, IIT Inc., Iwaki America Inc., Roper Technologies, Inc., and Colfax Corporation, among others. Drivers of the Industrial Water Pump Market: Rising adoption of these pumps across various end-use industries, such as chemicals and petrochemicals, are certain factors surging the growth of the global industrial pumps market. The growing demand for wastewater and water treatment, coupled with the rapid expansion of the oil & gas industry due to the rising rate of population and industrial development, will further bolster the growth of the market during the forecast period. The centrifugal pumps need less maintenance, have a lower price, and are used in high-flow, low head applications with high viscosity fluids. Furthermore, the rising investment for building efficient water infrastructure facilities, particularly in developing countries worldwide, will boost the market growth. On the other edge of the spectrum, the requirement for consistent monitoring of the pumps and higher power needs will negatively influence the increasing demand of the global industrial pumps market. Based on the region, the Asia-Pacific region is expected to dominate the market during the forecast period due to the expansion in various end-user industries, including water & wastewater treatment, oil & gas, and construction. In China, the growing investment for the construction of indirect and direct liquefaction plants that need industrial pumps will further energize the demand for industrial pumps in this region. Moreover, the Europe region is expected to grow at a higher CAGR during the forecast period owing to 2

  3. the accelerating adoption of high-pressure industrial pumps in countries such as the United Kingdom and Germany for controlling water flow rates. Market Segmentation: The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below: Breakup by Product: •Centrifugal Pumps o Axial Flow Pump o Radial Flow Pump o Mixed Flow Pump •Positive Displacement Pumps o Reciprocating Pumps o Rotary Pumps o Others •Others Breakup by Application: •Oil & Gas •Chemicals •Construction •Power •Water & Wastewater Treatment •Others Breakup by Region: •North America oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia 3

  4. oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research GMI Research is a market research and consulting firm which provides bespoke industry & market research to help businesses in making the toughest business decision. We know the significance of accurate data; that’s why our analyst use tailored methodology to study every market in detail because one size doesn’t fit all. We not only cover the traditional well-established market but also focuses on niche market and markets in the emerging economies, where getting data and information is a challenge. This factor makes us pioneer in emerging market research space. Our syndicate reports cover multiple industries across various regions and countries. Our in-depth market reports help propel your business with all the data, strategic inputs, and competitive intelligence to move ahead even in the most uncertain times. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research look forward to help businesses stay ahead of the curve. 4

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