According to a new market research report published by sheer analytics and insights, “The Global Industrial Pump Market was valued at $25.3 Billion in 2020. Growing at a high CAGR of more than 10.7% between 2021 and 2031, it is estimated to reach $78.3 Billion by 2031", as per the latest market research report titled Global Industrial Pump Market - Global industry analysis, size, share, growth, trends, and forecast, 2021-2031.
The global Industrial Pump Market is getting more popular than ever. We all know that volatility in the prices is anticipated to be nothing less than one of the major restraining factors in the market over the forecast period. The degree of consolidation is ready to witness a rise in the market on account of increasing pressure on the profit margins of the product manufacturers. Hence, growing awareness about compliance with several environmental regulations stated by the regional governments is another reason yet anticipated to limit the demand for industrial pumping systems.
In fact, fluctuation in the component prices of industrial pumps because of the surging demand from the end-use industries is expected to affect the capital investment over the forecast period.
In the recent market research reports that were published by Sheer Analytics & Insights, the Global Industrial Pump Market has different segmentation. Geographically, the Global Industrial Pump Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, and Africa.
The key players in the Global Industrial Pump include Key players profiled in the report include AR North America, Colfax Corporation, Global Pump, GRUNDFOS, Haight Pumps, IIT Inc, Iwaki America Inc, Franklin Electric, and Roper Technologies Inc, and others.
The Global Industrial Pump Market Has Been Segmented Into:
Global Industrial Pump Market, By Product
Global Industrial Pump Market, By Application
Global Industrial Pump Market: By Region