In-depth analysis and data-driven insights on the impact of COVID-19 included in this global pump market report.
The global pump market is expected to grow at a CAGR of over 5% during the period 2019−2025.
Key Highlights Offered in the Report:
Key Offerings:
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Pump Market – Segmentation
Pump Market by Product Type
Pump Market by End-User Type
Pump Market – Dynamics
Wastewater is created by most human and industrial operations. As the total demand for water rises, the quantity of wastewater produced and its overall emission load is projected to rise worldwide. Therefore, policymakers across the globe have implemented stringent wastewater management strategies and legislation, particularly for urban and industrial sectors. Also, around two-thirds of the world’s population lives in places, which have been suffering water shortages for at least one month. For instance, it was reported that in India and China, around 50% of the individuals are experiencing this water shortage. Therefore, the demand for the treatment of water and wastewater created as a result of the use of water by the human and industrial sectors is projected to rise in order to enhance the quality of the water and fulfill the rising demand.
Key Drivers and Trends fueling Market Growth:
Pump Market – Geography
Pump sales are expected to be based on high capital spending and construction expenditure growth. Several Asian countries, including China and India, are investing more in oil, pesticides and food and drinks. In addition, there will be two key developments in the pump market with respect to water infrastructure; expansion of access to water sources and sanitation in emerging countries and rehabilitation and upgradation of aged water facilities in developed countries. The growing demand for electricity supply in developing countries of the APAC region such as India, Japan, and Indonesia is expected to surge the demand for centrifugal pumps. In-service IoT usage is also anticipated to have a beneficial impact on the development of the pump market by encouraging the monitoring, measurement, and enhancement of centrifugal pumps.
Pump Market by Geography
Major Vendors
Other Prominent Vendors
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