Pumps Market Growth, Industry Analysis, Business Opportunities and Latest Innovations

Pumps Market is expected to expand at 4.70% CAGR during the period 2021 to 2023. The Global Pumps Market Shares segmented into Americas, Europe, Asia Pacific, and the Middle East

Market Highlights

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.

 

The global Pumps market is expected to grow at ~ 4.70% CAGR during the forecast period.

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.

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 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.

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.
Browse Complete Report @ 
https://www.marketresearchfuture.com/reports/pumps-market-7423

About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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