Industrial Pumps are used in the passage of fluid in an industrial application. It was valued at a of USD 57.86 billion in 2017 and is expected to witness a growth at a CAGR of 5.7%There is a wide variety of applications of industrial pumps that include Agriculture, Food, petroleum, chemicals, infrastructure etc.
This report on Industrial Pumps market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
The report begins with an informative overview that lists the key points of the industry. The historical analysis of the data collected and the trends observed to trace the prospective growth of the product. The companies that own a major share in the overall industry are outlined in this report along with their individual product profile and market placement. These companies include KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Grundfos, The Weir Group Plc., WILO SE, Xylem Inc., Ruhrpumpen Group, and Kirloskar Brothers Ltd, ITT Corp., Sulzer Ltd., EBaker Hughes, Inc., Schlumberger Ltd. and Clyde Union, Inc among others. The geographical regions evaluated here are North America, Europe, Asia Pacific, South America, Middle East and Africa. This geographical analysis provides an individual profile of these regions and their location-centric contribution in the demand, size, growth and revenue.
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Additionally, this study involves an exhaustive segmentation of the products according to the type and application. The products are categorised based on the type such as Centrifugal, Reciprocating, Rotary, Diaphragm and based on application in the Oil & Gas, Chemicals, Construction, Power, Water & Wastewater Treatment and Other sectors. The report further divides the sales channel into Direct and Distribution channel. The forecast highlights its vital aspects to provide an all-inclusive view of the trends, size, demand and growth of the market.
Some of the key findings from our Industrial Pumps market forecast report
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Industrial Pumps exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.
Global Industrial Pumps Market overview:
The global demand for Industrial Pumps has undergone a steady rise in the past and is predicted to do so for the next few years. The report gives an analysis of the historical data and the trends observed to identify the major driving factors behind the growth of the business. The regions included in the analysis are North America, Europe, Asia Pacific, South America, Middle East and Africa. This study offers a comprehensive perception of the global economy and the competitive landscape to give the investors all the vital business information. Further, it also provides expert insights to help the reader work on their competitive strategy and make better executive decisions.
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