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Global pumps market Poised to Expand at a Robust Pace by 2025
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©2019 Transparency Market Research, All Rights Reserved Global Pumps Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2027 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Pumps Market: Overview • New technologies and digital transformations are rapidly changing the dynamics of various sectors. The global pumps market is no exception to this trend. • In the past few years, numerous key developments in the field have led to better efficiency, increasing demand, and saving valuable resources. As the costs of energy keep on escalating, the cost of manufacturing activities is also on the rise. • This has thus prompted for more product innovation in the market while keeping a close eye on its impact on the environment. • View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Global Pumps Market: Notable Developments • The growing housing demands in the BRICS nations, particularly in China and India has been a significant driver for the pumps market. Due to its fast-growing population, China has spent around US$70 billion on the building and construction activities. India, on the other hand, has spent nearly US$ 500 billion in this sector in 2018. This has thus helped in the development of the pumps market as well. In August 2019, Flowserve Corporation announced that the company has signed a five-year contract with Shell Australia. Under this contract, Flowserve will offer general maintenance services for Shell Australia’s Prelude Floating LNG (Liquefied Natural Gas) facility. This facility produces natural gas from an offshore site situated in Western Australia. • •
©2019 Transparency Market Research, All Rights Reserved Global Pumps Market: Drivers and Restraints • Emerging Economies: One of the major driving factors for the growth of the pumps market is the increasing industrial activities in emerging economies such as India and China. • These pumps are largely used across a variety of booming industries such as oil and gas, building and construction, and industrial among others. • They also find applications in a wide range of municipal activities in domestic infrastructural development. This has thus helped in fueling the growth of the market. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved • The study is a source of reliable data on: • • • • • • Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape ©2019 Transparency Market Research, All Rights Reserved
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