Adhesive market to Set Phenomenal Growth by 2027

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Global Pumps Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Global Pumps Market Overview

• New technologies and digital transformations are
  rapidly changing the dynamics of various sectors.
  The global pumps market is no exception to this
  trend.
• In the past few years, numerous key developments
  in the field have led to better efficiency,
  increasing demand, and saving valuable resources.
  As the costs of energy keep on escalating, the
  cost of manufacturing activities is also on the
  rise.
• This has thus prompted for more product
  innovation in the market while keeping a close
  eye on its impact on the environment.

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Global Pumps Market Notable Developments

• The growing housing demands in the BRICS nations,
  particularly in China and India has been a
  significant driver for the pumps market. Due to
  its fast-growing population, China has spent
  around US70 billion on the building and
  construction activities.
• India, on the other hand, has spent nearly US
  500 billion in this sector in 2018. This has thus
  helped in the development of the pumps market as
  well.
• In August 2019, Flowserve Corporation announced
  that the company has signed a five-year contract
  with Shell Australia. Under this contract,
  Flowserve will offer general maintenance services
  for Shell Australias Prelude Floating LNG
  (Liquefied Natural Gas) facility. This facility
  produces natural gas from an offshore site
  situated in Western Australia.

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Global Pumps Market Drivers and Restraints

• Emerging Economies One of the major driving
  factors for the growth of the pumps market is the
  increasing industrial activities in emerging
  economies such as India and China.
• These pumps are largely used across a variety of
  booming industries such as oil and gas, building
  and construction, and industrial among others.
• They also find applications in a wide range of
  municipal activities in domestic infrastructural
  development. This has thus helped in fueling the
  growth of the market.

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The study is a source of reliable data on

• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape

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