Industrial Pumping Machinery Market Overviews
The Industrial Pumping Machinery Market Size is valued at 66.01 billion in 2023 and is expected to reach 88.63 billion by the year 2030 at a 4.30% CAGR during the forecast period for 2024-2030.
The increasing use of these goods across a range of sectors, such as water and wastewater, chemical, oil and gas, and power generation, is anticipated to positively affect market expansion. Due to the closure of manufacturing businesses, the lockdown measures implemented by the governments of many nations in anticipation of the COVID-19 pandemic in 2020 have had a negative impact on growth. The pandemic has also caused distribution of raw materials to be delayed, which has a negative impact on global industrial capacity. The demand for industrial pumps in power generating is expected to increase as a result of factors like increased electricity demand, industrialisation, and investments in renewable energy generation in various nations.
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Industrial Pumping Machinery Market Scope and Methodology:
The need for pumping equipment to efficiently transfer liquids, gases, and other materials is driven by the expansion of sectors including manufacturing, oil and gas, chemicals, and construction. The need for pumps and associated equipment is increased by investments in infrastructure projects like water delivery, wastewater treatment, and irrigation systems. Companies are being urged to modernise their pumping equipment through pump innovations, such as energy-efficient designs and sophisticated monitoring systems. Stricter environmental rules compel businesses to use more eco-friendly and effective pumping systems in order to save money and cut emissions.
Industrial Pumping Machinery Market Regional Insights
North America: The industrial sector is well-established in North America, particularly in the United States and Canada. Because of the substantial manufacturing, oil and gas production, and building activities, there is a high need for industrial pumping equipment.
Industrial Pumping MachineryMarket Segmentation
A pump moves liquids by means of mechanical action. Pumping applications for industrial pumps include oil and gas operations, well water pumping, aquarium and pond filtration, water cooling and fuel injection in the automotive industry.
Type, end-user industry, and geography are used to segment the industrial pump market. Centrifugal pumps, reciprocating pumps, rotary pumps, and other types of pumps are the sorts of pumps into which the market is divided. Oil and gas, water and wastewater, chemicals and petrochemicals, mining, power generation, and other end-user industries are the market’s main end-user segments. The market size and projections for the industrial pump market across the major regions are also covered in the report. For each segment, market estimates and forecasts have been made based on revenue (USD).
Industrial Pumping Machinery Market Key Players
Flowserve Corporation
Sulzer Ltd.
EBARA Corporation
Grundfos Holding A/S
Weir Group PLC.
KSB AG.
ITT Inc.
Dover Corporation
Schlumberger Ltd
Baker Hughes Inc.
Xylem
Vaughan Company
Iwaki Co. Ltd.
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Key questions answered in the Industrial Pumping Machinery Market are:
- What is Industrial Pumping Machinery ?
- What was the Industrial Pumping Machinery market size in 2023?
- What is the growth rate of the Industrial Pumping Machinery Market?
- Which are the factors expected to drive the Industrial Pumping Machinery market growth?
- What are the different segments of the Industrial Pumping Machinery Market?
- What growth strategies are the players considering to increase their presence in Industrial Pumping Machinery ?
- What are the upcoming industry applications and trends for the Industrial Pumping Machinery Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Industrial Pumping Machinery Market?
- Who are the leading companies and what are their portfolios in Industrial Pumping Machinery Market?
- What segments are covered in the Industrial Pumping Machinery Market?
- Who are the key players in the Industrial Pumping Machinery market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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