Global Pumps Market: Trends, Analysis, and Forecast 2030

Global Pumps Market Highlights

Global Pumps Market is anticipated to surpass over USD 66.1 billion by the year 2030, with a CAGR of 4.70% during forecast period.

The Global Pumps Market refers to the use of mechanical devices for moving fluids from one place to another. Pumps are used in a wide range of industries, including water and wastewater, oil and gas, power generation, chemicals, and pharmaceuticals. The global Global Pumps Market is driven by the growing demand for efficient and reliable pumping solutions, increasing investments in infrastructure development, and rising demand for clean water and energy.

Market Research Analysis

Asia Pacific accounts for the largest market for pumps.

Region wise, Asia Pacific held the largest market share of the global Pumps market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment infrastructure development. Moreover, the increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for pumps in Asia Pacific region.

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Pumps are basically classified into two categories, namely, positive displacement and dynamic pumps. Positive displacement pumps are further classified intro two types, namely, reciprocating and rotary. Dynamic pumps are of two type, namely, centrifugal and special effect pumps. Centrifugal pumps are used to transport liquid with large volume and substantial pressure head and are largely utilized for water, wastewater, and industrial liquid transportation in the power, steel, and domestic sectors. 

Based on end-user, the market is segmented as oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food & beverage, and others. Water & wastewater segment is estimated to dominate the market during the forecast period. Water & wastewater segment is estimated to dominate the market during the forecast period due to rising investment in waste water industry across the globe. The awareness level of water reuse has increased due to the decreasing level of groundwater globally. Industrial sector consumes a large volume of water, and due to depleting reserves of groundwater, the reuse of water has become essential.

Scope of the Report

This report provides an in-depth analysis of the global Pumps market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Pumps market by its type, end-user, and by region.

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By Type

  • Positive Displacement
  • Reciprocating
  • Rotary
  • Dynamic
  • Centriugal
  • Special Effect

By End-User

  • Oil & Gas
  • Water & Wastewater
  • Power Generation
  • Chemicals
  • Food & Beverage
  • Pharmaceutical

By Regions

  • North America 
  • Asia-Pacific 
  • Europe
  • Middle East & Africa
  • South America

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Key Players

The key players of the global Global Pumps Market are Grundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany), and Roper Industries (US), among others.

 

 

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