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iCrowdNewswire Jan 14, 2021 3:02 PM ET

Pumps Market 2021: Business Trends, Regional Analysis, Trend, Segmentation, Incremental Revenue and Opportunities Forecast


iCrowd Newswire - Jan 14, 2021

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Market Research Future published a half-cooked research report on global Pumps market. The Pumps market is expected to expand at ~ 4.70% CAGR during the period 2018 to 2023.

Market Highlights

Pumps are basically classified into two categories, namely, positive displacement and dynamic pumps. Positive displacement pumps are further classified intro two types, namely, reciprocating and rotary. Dynamic pumps are of two type, namely, centrifugal and special effect pumps. Centrifugal pumps are used to transport liquid with large volume and substantial pressure head and are largely utilized for water, wastewater, and industrial liquid transportation in the power, steel, and domestic sectors. 

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Based on end-user, the market is segmented as oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food & beverage, and others. Water & wastewater segment is estimated to dominate the market during the forecast period. Water & wastewater segment is estimated to dominate the market during the forecast period due to rising investment in waste water industry across the globe. The awareness level of water reuse has increased due to the decreasing level of groundwater globally. Industrial sector consumes a large volume of water, and due to depleting reserves of groundwater, the reuse of water has become essential.

The global Pumps market is expected to grow at ~ 4.70% CAGR during the forecast period.

Market Research Analysis

Asia Pacific accounts for the largest market for pumps.

Region wise, Asia Pacific held the largest market share of the global Pumps market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment infrastructure development. Moreover, the increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for pumps in Asia Pacific region.

GLOBAL PUMPS MARKET 2018-2023

Pumps Market Size To Expand at a Notable CAGR Of 4.70% During 2018 - 2023-Press release image-01

Scope of the Report

This report provides an in-depth analysis of the global Pumps market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Pumps market by its type, end-user, and by region.

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By Type

By End-User

By Regions

Key Players

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Keywords:    Pumps Market, Pumps Market 2020, Pumps Market 2021, Pumps Market Size, Pumps Market Share, Pumps Market Analysis, Pumps Market Forecast, Pumps

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