Global Heavy Duty Pumps Market Growing Expeditiously- Ready to Reach $ 19,522 MillionGlobally by 2025

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GLOBAL HEAVY DUTY PUMPS MARKET
Heavy-duty pumps are widely used in the past few
years in many industries such as oil gas, food
beverage, petrochemicals, pulp paper, and
others, thereby stimulating the growth of the
market. In addition, rise in infrastructural
improvement and urbanization is also estimated to
fuel the heavy-duty pumps market.
GLOBAL OPPORTUNITY AND FORECAST 2025
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HEAVY DUTY PUMPS MARKET ANALYST REVIEW
Increase in need for more food in the developing
countries due to growth in population and
urbanization, drive the growth of the heavy-duty
pumps market. Furthermore, the stringent rules
regulations by the government to produce
heavy-duty pumps, offer significant growth
potential for the global market. However,
fluctuating prices of oils and raw materials
hinder the growth of the market. Moreover, rise
in awareness about energy saving creates
lucrative opportunities for the growth of the
market. Priyanka Khandelwal Research
Associate, Construction Manufacturing
 
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CURRENT AND FUTURE MARKET SCENARIO

• The global heavy-duty pumps market was valued at
  12,823 million in 2017.
• The global heavy-duty pumps market is expected to
  reach at 19,522 million by 2025.
• The global heavy-duty pumps market growing at a
  CAGR of 5.4 from 2018 to 2025. 
• The centrifugal pump segment accounted for more
  than four-fifth of the market share in 2017 and
  is expected to witness significant growth during
  the forecast period.
• Based on end-user industry, the processing
  industry segment dominated the market in terms of
  revenue in 2017, and is projected to grow at a
  CAGR of 5.7 during the forecast period.

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TOP IMPACTING FACTORS TO MARKET GROWTH

• The surge in oil consumption worldwide fuels the
  oil gas sector, which in turn generates
  opportunities for the heavy-duty pumps market. 
• In addition, market players are adopting new
  strategies to boost the growth of the market.
• An increase in demand for electricity and power
  consumption is observed globally, that further
  fuels, the power industry, and thereby boosts the
  need of heavy-duty pumps.

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HEAVY DUTY PUMPS MARKET SEGMENTATION

• BY PUMP TYPE
• Centrifugal
• Positive-Displacement

• BY PRODUCT TYPE
• Crude Oil
• Fuel Oil
• Asphalt
• Others

• BY END-USER INDUSTRY
• Oil, Gas, Power
• Processing
• Others

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The cloud segment is expected to grow at a
highest CAGR during the forecast period, due to
factors such as rise in use of multitenancy
cloud management platforms, increase in
investment in application container technology.
By deployment model, cloud segment is anticipated
to exhibit substantial growth during the forecast
period.
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GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• Asia-Pacific generated the highest revenue in
  2017 and is anticipated to grow at the highest
  CAGR of 6.2.
• In North America, the U.S. accounted for more
  than half of the market share in 2017.

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DOMINATING MARKET PLAYERS PROFILED IN THE STUDY

• Alfa Laval
• EBARA Corporation
• Flowserve Corporation
• Gardner Denver Inc.
• General Electric Company
• Grundfos
• ITT INC.
• KSB SE Co.
• Sulzer Ltd.
• The Weir Group PLC

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A Report Titled Heavy Duty Pumps Market-
Opportunities And Forecasts, 2018 2025 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Heavy Duty Pumps Market-
Opportunities and Forecasts 2018-2025 https//www.
alliedmarketresearch.com/heavy-duty-pumps-market
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