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Global industrial pumps market size is expected to reach $87.15 Bn by 2028 at a rate of 6.1%, segmented as by product, centrifugal pump, positive displacement pump, other products<br>
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Industrial Pumps Market Report 2024 Market Size, Trends and Global Forecast 2024-2033
Industrial Pumps Segments The Business Research Company segments it’s Industrial Pumps report as: Centrifugal Pump, Positive Displacement Pump, Other Products By Product Submersible, Non-Submersible By Position By Driving Force Engine Driven, Electrical Driven By Application Oil And Gas, Chemicals, Construction, Power Generation, Water And Wastewater, Other Applications
Market Statistics The industrial pumps market size has grown strongly in recent years. It will grow from $64.82 billion in 2023 to $68.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The industrial pumps market size is expected to see strong growth in the next few years. It will grow to $87.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers An increase in construction activities is expected to propel the industrial pumps market growth going forward. Trends The rise in the oil and gas industry is expected to propel the growth of the industrial pump market going forward. • Region Asia-Pacific was the largest region in the industrial pumps market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Market Players • Major players in the Industrial Pumps are: • Schlumberger Limited • Baker Hughes Company • Atlas Copco • Xylem Inc. • Regal Beloit Corporation • And more. Get More Information On The Industrial Pumps Report
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