According to the recent study the industrial pump and valve market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by rise in adoption of industrial pump in petrochemicals, chemicals, medical, and pharmaceutical industry, continuous technological advancements in pumps, increase in construction activities, and strong industrialization and rapid urbanization in emerging economies.
Browse 107 figures /
charts and XX tables in this 150 -page report to understand trends,
opportunities and forecast in industrial pump and valve market by product type
(centrifugal, positive displacement, reciprocating, rotary and others),
position (submersible and non-submersible), driving force (engine driven and
electrical driven), end use (power generation, oil and gas, metal and mining,
agriculture, building services, water and wastewater, and others) and region
(North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link
https://www.lucintel.com/industrial-pump-and-valve-market.aspx
“Centrifugal market is expected to remain the largest segment
during the forecast period.”
Based on product type,
the industrial pump and valve market is segmented into centrifugal, positive
displacement, reciprocating, rotary and others. Lucintel forecasts that the
centrifugal market is expected to remain the largest segment due to its wide
utilization in several application, low maintenance and increasing construction
activities.
“Within the industrial pump and valve market, the oil and gas
segment is expected to remain the largest end use.”
Based on end use the oil
and gas segment is expected to witness the highest growth over the forecast
period due to the growing demand for oil and gas in developing countries and
increasing usage of industrial pump to evacuate toxic and flammable gases.
“Asia pacific will dominate the industrial pump and valve market
in near future.”
APAC will remain the
largest region due to the significant investments in upstream oil and gas
activities and increasing research and development activities for innovative
products in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/industrial-pump-and-valve-market.aspx.
Major players of
industrial pump and valve market are adopting various growth strategies like
new product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Flowserve
Corporation, The Weir Group plc, Grundfos. KSB, ITT Inc, Sulzer,EBARA
Corporation, Xylem are among the major industrial pump and valve providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/industrial-pump-and-valve-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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