Pumps Market Growth Analysis and Forecast till 2025

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Pumps Market by Technology and Application during
2019- 2025
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• Pumps Market Scenario

• Driven by unprecedented growth in the global
  construction and oil gas sectors, pumps market
  has registered considerable proceeds since the
  last few years. Specifically in the oil gas
  industry, robustly designed pumps are required
  for applications like gasoline transfer,
  injection tasks, chemical transfer or steam
  stripping. The product, traditionally driven by
  fixed speed electric motors, offers enough
  momentum to transport oil and other fluids from
  one location to another. However, pumps driven by
  a variable speed electric motor drive system are
  now considered a better option in most cases.
• Powered by a widespread application portfolio,
  spanning the municipal, construction, OG,
  mining, and industrial sectors, pumps industry
  trends are set for a major upheaval in the
  ensuing years. By 2025, it is anticipated that
  the global pumps market size may exceed a mammoth
  91 billion.
• In a bid to tackle global climate changes and
  widespread droughts, the wastewater management
  sector has, of late, registered increased demand
  for pumps. Wastewater treatment is vital in the
  residential, commercial as well as in industrial
  sector, across the chemical, pharmaceutical, food
  processing, manufacturing and several other
  domains, as it can potentially remove bacteria
  and other chemicals that can cause severe harm to
  humans and environment.

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Continue-

• Pumps have their footprints in a range of
  applications including mining, oil gas,
  industrial, municipal and in many other areas.
  Oil gas industry is one of the key end-user
  sectors owing to its variety of feature and use
  upstream activities as well as in midstream
  operations. The other segment that have use of
  pumps is mining industry as mining operations
  requires huge pumping systems for dewatering
  operations before mining starts as well as for
  washing purposes of the extracted hydrocarbon,
  thereby propelling demand for overall pump
  market.
• However, irrespective of different industries
  employing different types of treatment processes,
  all wastewater and sewage treatment plants
  commonly depend on wastewater pumps for
  undertaking their operations. These pumps are
  used to move wastewater from the collection pit
  to the treatment plant and back, and once
  purified, is used to move the treated water to
  places where it is required or to a storage tank.
  The demand for pumps is expected to escalate with
  the rising number of initiatives from private and
  public sector bodies targeted at wastewater
  treatment, thus charting out a profitable growth
  graph for the global pumps market.

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• Regional Analysis

• Asia pacific is the strongest market among all
  for pumps industry accounting for a market share
  of close to 52 in 2018, as the region comprises
  of a number of local as well as medium scale
  enterprises engaged in the business of
  manufacturing and selling different types of
  pumps and their equipment. Furthermore, the
  region has been experiencing a tremendous growth
  in its industrial sector which in turn is
  triggering the demand for pumps in agricultural,
  food, chemical, pharmaceutical and in other
  application areas.

• Competitive Analysis

• Global pumps market covers various medium and
  large-scale manufacturers in the industry. Key
  players in pumps market include Kirloskar
  Brothers Ltd., Xylem Inc., Atlas Copco,
  MultiQuip, Gorman Rupp, Magnum, Wacker Neuson,
  Generac, Gardner Denver, Grundfos, Sulzer Ltd.,
  Flowserve Corporation, Ebara Corporation,
  Shimadzu Corporation, Schlumberger, Baker Hughes
  etc.

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