Title: Industrial Pumps Market Statistics, Trends, Top Players, Overview By 2033
1Industrial Pumps Market Report 2024
Market Size, Trends and Global Forecast 2024-2033
2Industrial Pumps Segments
The Business Research Company segments its
Industrial Pumps report as
Centrifugal Pump, Positive Displacement Pump,
Other Products
By Product
Submersible, Non-Submersible
By Position
Engine Driven, Electrical Driven
By Driving Force
By Application
Oil And Gas, Chemicals, Construction, Power
Generation, Water And Wastewater, Other
Applications
3Market Statistics
The industrial pumps market size has grown
strongly in recent years. It will grow from
64.82 billion in 2023 to 68.81 billion in 2024
at a compound annual growth rate (CAGR) of 6.2.
The industrial pumps market size is expected to
see strong growth in the next few years. It will
grow to 87.15 billion in 2028 at a compound
annual growth rate (CAGR) of 6.1.
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4Key Market Drivers And Trends
Drivers
An increase in construction activities is
expected to propel the industrial pumps market
growth going forward.
Trends
The rise in the oil and gas industry is expected
to propel the growth of the industrial pump
market going forward.
Region
Asia-Pacific was the largest region in the
industrial pumps market in 2023, and is expected
to be the fastest-growing region in the forecast
period. The regions covered in the industrial
pumps market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East, Africa.
5Key Market Players
- Major players in the Industrial Pumps are
- Schlumberger Limited
- Baker Hughes Company
- Atlas Copco
- Xylem Inc.
- Regal Beloit Corporation
- And more.
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