Global Pumps Market 2022 - Snapshot

Global Pumps Market 2022 - Snapshot

Pumps a devices that move fluids (liquids or gases), or sometimes slurries, by mechanical action, typically converted from electrical energy into hydraulic energy. Mechanical pumps can be utilized in various applications such as pumping water from wells, water cooling, pumping oil, and heating and cooling objects or systems. According to market research study published by Gen Consulting Company, the market size of the global pumps sector is expected to rise by USD 8 billion with a CAGR of 3.5% by the end of 2028.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, end user, and region. The global market data on pumps can be segmented by product: positive displacement (PD) pumps, centrifugal pumps. In 2021, the centrifugal pumps segment made up the largest share of revenue generated by the pumps market. Pumps market is further segmented by end user: building and construction, chemicals, food and beverages, mining, oil and gas, pharmaceuticals, power generation, water and wastewater, others. The water and wastewater segment was the largest contributor to the global pumps market in 2021. Based on region, the pumps market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW).

The PD pumps market is further segmented into diaphragm pumps, gear pumps, lobe pumps, peristaltic pumps, piston pumps, progressive cavity pumps, screw pumps, vane pumps. Among these, the diaphragm pumps segment was accounted for the highest revenue generator in 2021.

The global pumps market is highly competitive. The prominent players operating in the global pumps market include Cole-Parmer Instrument Company, Dandong Hengxing Pump Industry Co. Ltd., DESMI A/S, Dover Corporation (PSG), Grundfos Holding AG, Hebei Hengsheng Pump Co. Ltd (HSP Pump), IDEX Corporation, Ingersoll Rand Inc., ITT Inc., KSB SE & Co. KGaA, Roper Technologies Inc., SEEPEX GmbH, SPX FLOW Inc., Sulzer Ltd., The Flowserve Corporation, Xylem Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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