The global pump market size was valued at $95 billion in 2019 and is expected to grow at a CAGR of 3% from 2021 to 2027. Increasing investment for infrastructure development such as water treatment and power generation Asia Pacific, Middle East and African countries are expected to increase pump demand. The global water and sewage treatment industry has gained considerable momentum over the past few years. Mainly due to population growth, rapid industrialization and urbanization, and technological development, increasing demand for freshwater has the potential to promote market growth. In addition, increasing government spending to develop modern irrigation systems in the agricultural sector is expected to drive market growth.
A full report of Pumps Market available at https://www.orionmarketreports.com/pumps-market/24296/
Pumps Market Segmentations
By Type
• Portable
• Stationary
By Position
• Submersible Pumps
• Non-Submersible
By Driving Force
• Engine Driven Pumps
• Electrical Driven Pumps
By Technology
• Centrifugal Pumps
• Diaphragm Pumps
• Others
By Application
• Mining
• Building & Construction
• Oil & Gas
• Industrial
• Municipal
• Others
Company Profiles
• Grundfos Pump Corp.
• Xylem, Inc.
• Ingersoll-Rand PLC
• Flowserve Corp.
• SPX Flow, Inc.
• KSB SE & Co. KGaA
• Sulzer Ltd.
• Pentair PLC
• Iwaki America, Inc.
• ITT, Inc.
• Schlumberger Ltd.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
