San Francisco, 03 April , Industrial Pumps Market Analysis By Product
(Centrifugal, Reciprocating, Rotary, Diaphragm), By Application (Oil & Gas,
Chemicals, Construction, Power, Water & Wastewater Treatment), By Region
(North America, Europe), And Segment Forecasts, 2018 – 2025.
The global industrial pumps market is
expected to reach USD 88.43 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing product energy use pumps for the extraction and
transport of oil and natural gas is expected to have a positive impact on the
market per the next nine years. High crude oil prices will fuel the energy
sector's revenue, thereby resulting in more demand for the product.
Government
of India has passed Petroleum Chemicals Petrochemicals Investment Region
(PCPIR) policy intended for promoting FDI investments in oil & gas sector.
This regulatory move is expected to result in increasing production of
petrochemicals and polymers in India, thus fueling industrial pump demand over
the forecast period.
Technological
advancement in enhanced oil recovery and deploying hydraulic fracturing
activities in Russia and Ukraine are expected to increase availability of tight
oil and shale gas which in turn will have a positive impact on the industrial
pumps market over the forecast period. further rising water & wastewater
treatment plants in the region will fuel market growth over the next nine
years.
Improving
economic conditions in Asia Pacific are expected to open new opportunities for
pump manufacturers, as the construction, manufacturing and automotive,
industries are likely to witness considerable growth over the forecast period.
However, tough competition from low-cost manufacturers is expected to be major
restraint for development this market.
Access Full
Research Report On Industrial Pumps Market Analysis:
Further key findings from the report suggest
·
Centrifugal pumps were the
largest product segment in 2015 and accounted for over 70% of the market share
on account of its low cost and long shelf life
·
Construction is one of the
largest applications and is expected to witness considerable growth over the
next nine years on account of rising number of upcoming projects particularly
in Asia Pacific and the Middle East
·
Asia Pacific accounted for over
45% of the overall market share in 2015 and is estimated to exhibit a growth of
6.7% over the forecast period owing to upcoming infrastructural projects
coupled with the surging industrial developments
·
China has been one of the
fastest-growing markets for US pumps due to the country’s rapidly expanding
industrial bases and infrastructure projects. Other emerging markets that
account for a growing share of industry revenue include Mexico, Saudi Arabia
and Brazil.
·
Companies present in this
sector focus their marketing strategies on increasing sales and targeting
specific applications so as to exploit their competitive strengths by
emphasizing on expanding their geographical presence and capitalize on new
markets and industries for existing as well as new products
Browse More Reports Of This
Category By Grand View Research At: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has
segmented the global industrial pumps market on the basis of product,
application and region:
Industrial
Pumps Product type Outlook (Revenue, USD Million, 2014 - 2025)
·
Centrifugal
·
Reciprocating
·
Rotary
·
Diaphragm
Industrial
Pumps Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Oil & gas
·
Chemicals
·
Construction
·
Power generation
·
Water & wastewater
·
Others
Industrial
Pumps Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
o
Brazil
·
MEA
o
UAE
Access Full
Press Release of this Report: https://www.grandviewresearch.com/press-release/global-industrial-pumps-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com/
No comments:
Post a Comment