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Industrial Pumps Market – Global Opportunities & Forecast, 2020-2027

An industrial pump is defined as a heavy-duty process pump used to move different types of materials such as water, chemicals, petroleum, wastewater, oil, sludge, slurry, or food. The industrial pump can be categorized into two groups: Centrifugal Pumps and Positive Displacement Pumps. The Centrifugal pumps are cost-effective as compared to other types of pump and have a longer life span. These pumps use a rotating impeller to increase the pressure. <br><br>Visit: https://www.gmiresearch.com/report/global-industrial-pumps-market/

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Industrial Pumps Market – Global Opportunities & Forecast, 2020-2027

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  1. Industrial Pumps Market

  2. This report researches and evaluates the impact of COVID-19 outbreak on the market, including potential opportunities and challenges, drivers, and risks associated with the market. We present a detailed assessment of market growth based on numerous scenarios.

  3. Market Overview The market report offers a detailed analysis of the market size, regional and country-level market size, segmentation, market growth, market share, competitive landscape, and the impact of domestic and global leading players.

  4. Market Drivers The significant factors driving the growth of the global industrial pumps market include the rising adoption of these pumps across various end-use industries such as chemicals and petrochemicals. Additionally, the strong demand for wastewater and water treatment, followed by the continuous expansion of the oil & gas industry due to the growing rate of population and industrial development, will further enhance the market’s growth. The centrifugal pumps have a lower price, needs less maintenance, and are used in high-flow, low head application with high viscosity fluids. Moreover, the rising number of investment for building efficient water infrastructure facilities, particularly in developing economies, will positively influence the demand of the global industrial pumps market. According to the industrial pumps market report, the requirement for consistent monitoring of the pumps and increasing power needs is likely to hamper the market growth.

  5. 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 uses a 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 the 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 helping businesses stay ahead of the curve.

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