Industrial Pumps Market Report by Size, Share, Manufacturers, Company Profiles and Demand by 2027

IMARC Group has recently released a new research study titled "Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global industrial pumps market reached a value of US$ 60.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 83.4 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Market Outlook: 

Industrial pumps refer to mechanical equipment utilized to transfer various fluids, including slurry, chemicals, petroleum, oil, sludge, wastewater, etc., from one location to another. They are primarily available in numerous shapes, sizes, and configurations based on liquid applications and materials used during their manufacturing. For instance, positive displacement (PD) pumps are preferred in automotive transmission systems to move high viscosity fluids, while centrifugal pumps are utilized in chemical plants for low-viscosity fluids. They are also used in process operations that require high hydraulic pressure.

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Industrial Pumps Market Trends & Drivers:

The expanding exploration and production activities in the oil and gas sector are primarily driving the industrial pumps market. Additionally, the growing emphasis on upgrading existing wastewater treatment plants, elevating environmental concerns, and the rising awareness towards the consumption of safe drinking water, are also propelling the global market. Moreover, industrial pumps are utilized in various sizes and shapes in the power industry for circulation, boiler feed, sludge handling, etc. Additionally, several leading manufacturers are adopting innovative strategies and focusing on mergers and acquisitions (M&A) to expand their consumer base. This, in turn, is expected to bolster the industrial pumps market in the coming years.

Competitive Analysis and Segmentation:

Leading Manufacturers in the Industrial Pumps Market

• Dover Corporation
• Ebara Corporation
• Flowserve Corporation
• Grundfos Holding A/S
• ITT Inc.
• Iwaki Co. Ltd.
• KSB SE & Co. KGaA
• Schlumberger Limited
• SPX Flow Inc.
• Sulzer Ltd.
• The Weir Group PLC
• Vaughan Co. Inc.
• Xylem Inc.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

• Centrifugal Pump
• Positive Displacement Pump
• Others

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Application:

• Oil and Gas
• Chemicals
• Construction
• Power Generation
• Water and Wastewater
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Explore Full Report Description At: https://www.imarcgroup.com/industrial-pumps-market

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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