The global Industrial Pump Rental market is anticipated to grow at a CAGR of 7.2 % during the forecast period (2022-2028). The expansion of building and drilling activities, in general, in developing countries, is the primary determinant stimulating the building equipment rental business. The advancement of innovative technology, such as digital assistance for automatic assistance supplements, equipment assistance tracking, and mapping features, has remained a consistent trend within the industry and propelling the growth of the market during the forecast period. Due to the technological advancements made by primary equipment operators, construction machinery enactment measures are progressing in rental aids. The construction industry’s sensitivity to commercial slowdown will act as a growth restraint.
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The construction equipment rental market is divided into two categories: equipment type and product type. The expansion of the multiple parts assists users in gaining an understanding of the various tissue factor anticipated to be prevalent all through the industry and developing various tactics to help identify core possible applications and the distinction to target markets.
The Asia-Pacific region is expected to be the fastest-growing region during the forecast period due to the advancement of architecture and construction ventures in the countries such as India and China. The increasing expenditures from domestic and international investors in the province, is expected to further stimulate the region growth over the forecast period.
The market players are developing and launching new products which is further expected to propel the growth of the market during the forecast period. For instance, in December 2021, Grundfos launched a new generation of large CR pumps in India for a wide range of applications. This new large range of CRs brings an increased maximum water flow of up to 320 m3/h and has been designed for maximum energy efficiency and performance across the board.
In addition, in November 2021, Sulzer announced the launch of the world’s biggest medium-consistency pump, the MCE93-400. The new MCETM pump size is Sulzer’s answer to the customers’ demand for bigger production rates in pulp mills. The proven MCE pumps from Sulzer achieve a unique and reliable performance level when it comes to the capacity range as well as to the temperature and pressure of the pumped medium.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Xylem, MWI, United Rentals, Cornell Pump, Thompson Pump, Holland Pump, Selwood, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial Pump Rental Market Report by Segment
By Type
- Positive displacement pumps
- Centrifugal Pumps
- Others
By End-User
- Industrial
- Water Utility
- Construction
Global Industrial Pump Rental Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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