Industrial Pumps Market Report Overview
The report provides a comprehensive analysis of the current and future Industrial Pumps market scenario, including insights and updates on the key sectors. The report also provides an analysis of the demand for Industrial Pumps products and services across the world, as well as the manufacturing, income generation, sales, and revenue of the Industrial Pumps market. It also provides a fundamental analysis of the Industrial Pumps market, including the drivers, opportunities, trends, and restraints that are shaping the market.
Industrial Pumps Market size was valued at US$ 63.38 Bn. in 2021 and expected to reach US$ 88.76 Bn. by 2029 at a CAGR of 4.3% during the forecast period.
Industrial Pumps Market Report Scope and Research Methodology
A combination of primary and secondary data has been used to gather information about the Industrial Pumps market for the report. Primary data is collected through interviews with Industrial Pumps industry experts and stakeholders, while secondary data is collected from government agencies, trade associations, and industry publications. It has used a bottom-up approach to estimate the Industrial Pumps market size. This approach involves starting with the individual market segments and then aggregating them to arrive at the overall Industrial Pumps market size. The report also provides detailed information on the capacity, manufacturing, price, cost, revenue, and market statistics, which helps stakeholders understand the financial performance of the key players in the Industrial Pumps industry.
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Industrial Pumps Market Regional Insights
The Asia Pacific is dominating the global industrial pumps market with approximately 45% market share in terms of revenue generation, owing to growth in end-use industries of chemical, oil and gas, wastewater treatment, and energy production. Moreover, the oil refining infrastructure dominance of China across the APAC region is expected to propel regional growth in the market. China accounted for approximately 34% of total APAC oil refining capacity in the year 2020. Moreover, India accounted for 45% of overall chemical treatment and production sector in the overall APAC region which is ultimately increasing the demand for industrial pumps in the Indian subcontinent. In addition, the increasing need for water treatment plants across the South Asian countries is propelling the growth for domestic industrial pumps manufacturers in the APAC region.
Industrial Pumps Market Segmentation
By Product Type
Centrifugal pump
Mixed flow pump
Axial flow pump
Radial flow pump
Positive displacement pump
Rotary pump
Reciprocating pump
Others
By Application
Chemical industry
Power generation
Oil and gas industry
Construction
Water treatment plants
Wastewater treatment plants
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Industrial Pumps Market Key Players
• Ingersoll-Rand PLC
• Grundfos Pump Corporation
• SPX Flow, Inc.
• Xylem, Inc.
• Sulzer Ltd.
• Flowserve Corporation
• KSB SE & Co. KGaA
• Ebara Corporation
• Iwaki America, Inc.
• ITT, Inc.
• Pentair PLC
• Weir Group PLC
• Hermetic-Pumpen GmbH
• Vaughn Company, Inc.
• Schlumberger Ltd.
• Clyde Union, Inc.
• Baker Hughes, Inc.
• Dover Corporation
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Key questions answered in the Industrial Pumps Market are:
- What are Industrial Pumps market segments?
- What is the expected Industrial Pumps market size by the end of the forecast period?
- What is the expected CAGR of the Industrial Pumps market during the forecast period?
- What are the emerging trends in the Industrial Pumps Market?
- What are the factors contributing to the final price of Industrial Pumps?
- What are the major challenges that the Industrial Pumps Market could face in the future?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- PESTLE Analysis and Porter’s Five Forces Analysis
- Key Findings
- Analyst Recommendations
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