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Pumps Market Growth Analysis and Forecast till 2025

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Driven by unprecedented growth in the global construction and oil & gas sectors, pumps market has registered considerable proceeds since the last few years. – PowerPoint PPT presentation

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Title: Pumps Market Growth Analysis and Forecast till 2025


1
Pumps Market by Technology and Application during
2019- 2025
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2
  • 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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3
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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4
  • 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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Latest Research Report On Pumps Market _at_
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