Global Heavy Duty Pumps Market Growing Expeditiously- Ready to Reach $ 19,522 MillionGlobally by 2025

1. GLOBAL HEAVY DUTY PUMPS MARKET Heavy-duty pumps are widely used in the past few years in many industries such as oil & gas, food & beverage, petrochemicals, pulp & paper, and others, thereby stimulating the growth of the market. In addition, rise in infrastructural improvement and urbanization is also estimated to fuel the heavy-duty pumps market. GLOBAL OPPORTUNITY AND FORECAST 2025

2. HEAVY DUTY PUMPS MARKET ANALYST REVIEW Increase in need for more food in the developing countries due to growth in population and urbanization, drive the growth of the heavy-duty pumps market. Furthermore, the stringent rules & regulations by the government to produce heavy-duty pumps, offer significant growth potential for the global market. However, fluctuating prices of oils and raw materials hinder the growth of the market. Moreover, rise in awareness about energy saving creates lucrative opportunities for the growth of the market. Priyanka KhandelwalResearch Associate, Construction & Manufacturing

3. CURRENT AND FUTURE MARKET SCENARIO • The global heavy-duty pumps market was valued at $ 12,823 million in 2017. • The global heavy-duty pumps market is expected to reach at $ 19,522 million by 2025. • The global heavy-duty pumps marketgrowing at a CAGR of 5.4% from 2018 to 2025. • The centrifugal pump segment accounted for more than four-fifth of the market share in 2017 and is expected to witness significant growth during the forecast period. • Based on end-user industry, the processing industry segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 5.7% during the forecast period.

4. TOP IMPACTING FACTORS TO MARKET GROWTH • The surge in oil consumption worldwide fuels the oil & gas sector, which in turn generates opportunities for the heavy-duty pumps market. • In addition, market players are adopting new strategies to boost the growth of the market. • An increase in demand for electricity and power consumption is observed globally, that further fuels, the power industry, and thereby boosts the need of heavy-duty pumps.

5. HEAVY DUTY PUMPS MARKET SEGMENTATION • BY PUMP TYPE • Centrifugal • Positive-Displacement • BY PRODUCT TYPE • Crude Oil • Fuel Oil • Asphalt • Others • BY END-USER INDUSTRY • Oil, Gas, & Power • Processing • Others Get PDF Sample Copy@ https://www.alliedmarketresearch.com/request-sample/3239

6. The cloud segment is expected to grow at a highest CAGR during the forecast period, due to factors such as rise in use of multitenancy & cloud management platforms, increase in investment in application container technology. By deployment model, cloud segment is anticipated to exhibit substantial growth during the forecast period.

7. GEOGRAPHICAL OVERVIEW • Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Asia-Pacific generated the highest revenue in 2017 and is anticipated to grow at the highest CAGR of 6.2%. • In North America, the U.S. accounted for more than half of the market share in 2017.

8. DOMINATING MARKET PLAYERS PROFILED IN THE STUDY • Alfa Laval • EBARA Corporation • Flowserve Corporation • Gardner Denver Inc. • General Electric Company • Grundfos • ITT INC. • KSB SE & Co. • Sulzer Ltd. • The Weir Group PLC

9. A Report Titled “Heavy Duty Pumps Market- Opportunities And Forecasts, 2018– 2025” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Heavy Duty Pumps Market- Opportunities and Forecasts 2018-2025 https://www.alliedmarketresearch.com/heavy-duty-pumps-market Get PDF Sample Copy https://www.alliedmarketresearch.com/request-sample/3239 Follow Allied Market Research

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