Global Pumps Market 2024-2028
Pumps Market 2024-2028
The pumps market is forecasted to grow by USD 19.6 bn during 2023-2028, accelerating at a CAGR of 5.1% during the forecast period. The report on the pumps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising focus on improving energy efficiency in industries, growing demand for high-temperature heat pumps (HTHPs), and emergence of building energy management systems (BEMS).
Technavio's pumps market is segmented as below:
By End-user
- Oil and gas
- Water and wastewater
- Chemical
- Building
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increased adoption of solar-powered pumps as one of the prime reasons driving the pumps market growth during the next few years. Also, advent of smart pumps and policies supporting growth of renewable power will lead to sizable demand in the market.
The report on the pumps market covers the following areas:
- Pumps Market sizing
- Pumps Market forecast
- Pumps Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pumps market vendors that include Alfa Laval AB, Atlas Copco AB, Danfoss AS, Dover Corp., Ebara Corp., Flowserve Corp., General Electric Co., Grundfos Holding AS, Ingersoll Rand Inc., ITT Inc., KSB SE and Co. KGaA, Robert Bosch GmbH, Ruhrpumpen Group, Sintech Precision Products Ltd., SPP Pumps Ltd., Sulzer Ltd., TechnipFMC plc, The Weir Group Plc, Wilo SE, and Xylem Inc.. Also, the pumps market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.