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Industrial Pumps Market 2023 Size, Share, Growth, Opportunities,
Analysis and Forecast- Credence Research
Report Description:
According to a new market report published by Credence Research,
Inc., “Industrial Pumps Market (By Application (Oil and Gas, Chemicals,
Utilities (Water and wastewater), Building, Residential Construction, and
Others (Food and Beverage, etc.)), By Product Type (Centrifugal Pumps,
Positive Displacement Pumps, and Specialty Pumps)) - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global
industrial pumps market is expected to expand at a compound annual
growth rate of 5.2% during the forecast period 2016 – 2023.
Browse the full Industrial Pumps Market (By Application (Oil and Gas,
Chemicals, Utilities (Water and wastewater), Building, Residential
Construction, and Others (Food and Beverage, etc.)), By Product Type
(Centrifugal Pumps, Positive Displacement Pumps, and Specialty Pumps)) Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 –
2023 report at http://www.credenceresearch.com/report/industrialpumps-market
Product Insights
An industrial pump is a device used to transfer fluids (gases or liquids), or
sometimes semi-liquid mixture by mechanical action. Infrastructure
developments, especially in emerging economies of Asia Pacific and Rest of
World have resulted in an increased construction spending and industrial
output. This, in turn has propelled demand for industrial pumps. In addition,
heightened investments made in wastewater treatment and drinking water
facilities across the globe bode well for the overall market growth. Process
manufacturing industries including chemicals and food and beverage are
expected to offer healthy growth and investment opportunities for
manufacturers during the forecast period 2016 – 2023.
Competitive Insights
The global industrial pumps market is characterized by the presence of
large number of manufacturers and thus, is highly competitive. The
intensifying competition among manufacturers has led to increased number
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of strategic partnerships, mergers, and acquisition by the established
players. Inorganic expansion through mergers and acquisitions has helped
established players to not only strengthen their product and service
portfolios, but also geographical foothold. For instance, the acquisition of
SIHI Group by Flowserve Corporation is in line with this strategy. The study
identifies Flowserve Corporation, Suzler Ltd., KSB Pumps Ltd., Grundfos,
and ITT Goulds Pumps as the leading industrial pumps manufacturers
across the globe. Other manufacturers including Atlas Copco, ClydeUnion
Pumps, Baker Hughes Incorporated, Busch LLC, Gardner Denver, Ebara
Corporation, ULVAC Technologies, Inc., Pfeiffer Vacuum Technology AG,
Halliburton Company, General Electric, Schlumberger Ltd, and Weir Group
have been marked as promising and emerging players in the industrial
pumps market.
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Key Research Takeaways
•Growing demand for industrial pumps in 3D printing
•Heightened investments in waste water recycling and
treatment projects by the concerned authorities across the globe
•Strong recuperation in the construction and industrial sector to drive
demand for industrial pumps.
•Adherence to stringent government regulations and environmental
guidelines to support market growth
•Growing use across budding application segments such as chemicals,
food and beverage, etc.
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E-mail: [email protected] Ph: 1-800-361-8290
Web: http://www.credenceresearch.com
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E-mail: [email protected] Ph: 1-800-361-8290
Web: http://www.credenceresearch.com