Global Industrial Pumps Industry Report 2023: Market to Reach $87.4 Billion by 2030 - Growing Focus on Water Reuse Amid Looming Water Crisis Benefits Demand

13, 2023 (GLOBE NEWSWIRE) -- The "Industrial Pumps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Industrial Pumps ...

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Global Industrial Pumps Industry Report 2023: Market to Reach $87.4 Billion by 2030 - Growing Focus on Water Reuse Amid Looming Water Crisis Benefits Demand Research and Markets December 13, 2023 6 min read Company Logo Industrial Pumps Market Dublin, Dec.

13, 2023 (GLOBE NEWSWIRE) -- The "Industrial Pumps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Pumps Market to Reach $87.4 Billion by 2030 The global market for Industrial Pumps estimated at US$59.8 Billion in the year 2022, is projected to reach a revised size of US$87.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

This report begins with an introductory overview of industrial pumps, providing readers with a foundational understanding of this critical equipment.

It then proceeds to discuss the various types of industrial pumps, offering insights into their classifications and functionalities.

Additionally, the report explores the wide-ranging applications of industrial pumps across various industries and their crucial role in enabling various processes.

Centrifugal, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$58 Billion by the end of the analysis period.

Growth in the Positive Displacement segment is estimated at 5.3% CAGR for the next 8-year period.

Furthermore, it delves into the end-uses of industrial pumps, showcasing their importance in sectors such as manufacturing, oil and gas, water treatment, and more.

The competitive landscape of the industrial pumps market is analyzed, with a focus on the global key competitors' percentage market share in 2023.

The competitive market presence of players worldwide is also examined, categorizing them as strong, active, niche, or trivial.

The report then provides an outlook on the global industrial pumps market, emphasizing its potential for rapid growth.

It identifies key growth drivers propelling the market forward, as well as market deterrents that may pose challenges.

Within the product category, centrifugal pumps are projected to remain dominant as demand continues to surge.