According to the latest report by IMARC Group, titled “Industrial Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global industrial pumps market size reached a value of US$ 60.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 83.4 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027.

Market Outlook: 

Industrial pumps refer to mechanical equipment utilized to transfer various fluids, including slurry, chemicals, petroleum, oil, sludge, wastewater, etc., from one location to another. They are primarily available in numerous shapes, sizes, and configurations based on liquid applications and materials used during their manufacturing. For instance, positive displacement (PD) pumps are preferred in automotive transmission systems to move high viscosity fluids, while centrifugal pumps are utilized in chemical plants for low-viscosity fluids. They are also used in process operations that require high hydraulic pressure.

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Market Trends & Drivers:

The expanding exploration and production activities in the oil and gas sector are primarily driving the industrial pumps market. Additionally, the growing emphasis on upgrading existing wastewater treatment plants, elevating environmental concerns, and the rising awareness towards the consumption of safe drinking water, are also propelling the global market. Moreover, industrial pumps are utilized in various sizes and shapes in the power industry for circulation, boiler feed, sludge handling, etc. Additionally, several leading manufacturers are adopting innovative strategies and focusing on mergers and acquisitions (M&A) to expand their consumer base. This, in turn, is expected to bolster the industrial pumps market in the coming years.

Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global industrial pumps market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered: 

Dover Corporation
Ebara Corporation
Flowserve Corporation
Grundfos Holding A/S
ITT Inc.
Iwaki Co. Ltd.
KSB SE & Co. KGaA
Schlumberger Limited
SPX Flow Inc.
Sulzer Ltd.
The Weir Group PLC
Vaughan Co. Inc.
Xylem Inc.

Key Market Segmentation:

The report has segmented the global industrial pumps market on the basis of product, distribution channel, application and region.

Based on Product:

Centrifugal Pump
Positive Displacement Pump
Others

Based on Distribution Channel:

Online
Offline

Based on Application:

Oil and Gas
Chemicals
Construction
Power Generation
Water and Wastewater
Others

Geographical Analysis:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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