CHICAGO, UNITED STATES, September 5, 2023/EINPresswire.com/ -- The global 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐩𝐮𝐦𝐩𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 attained revenue of 𝐔𝐒$ 𝟔𝟓.𝟗𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 and is estimated to attain a valuation of 𝐔𝐒$ 𝟏𝟐𝟑.𝟐𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏, growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟕.𝟐% during the forecast period from 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟏.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/industrial-pumps-market

An essential area of industrial machinery, the global industrial pump market has experienced consistent growth and development over time. The main cause of the enormous demand for industrial water pumps and chemical pumps is the rise in the use of industrial pumps in various end-use sectors, such as wastewater treatment and chemicals. Due to its numerous benefits, including high efficiency, enhanced performance, and dependability, smart pump systems are anticipated to present profitable potential for market advancement.

Construction of water treatment facilities, factories, and power plants has increased owing to the increased global focus on infrastructure development and urbanization; each of these facilities needs industrial pumps in one way or another. For instance, in August 2023, Chickasha built a new water treatment facility due to a tax increase, which, in turn, will increase the demand for pumps. As a result, the steady demand from industries like oil and gas, wastewater treatment, chemicals, and power generation will fuel the market growth.

The global industrial pump market is seeing an increase in demand for environmentally friendly and energy-efficient pumps as environmental concerns grow. This has sparked a trend among manufacturers to focus on the research and development of pumps that not only adhere to operational efficiency measures but also to sustainability objectives. For instance, the Austrian company Kofen has created a household heat pump that, in order to maximize heat output, instantly determines the most affordable and environmentally friendly electricity.

𝐒𝐦𝐚𝐫𝐭 𝐏𝐮𝐦𝐩𝐬 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐔𝐧𝐭𝐚𝐩𝐩𝐞𝐝 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The digital revolution of Industry 4.0 has left no industry unscathed, and the industrial pump market is no exception to this powerful transformation. The widespread use of "smart pumps" is a clear trend that is quickly gaining traction.

As an illustration, in August 2023, Grundfos, a world pioneer in innovative pump solutions and water technologies, unveiled its new NK and NKE line in Malaysia as the demand for intelligent solutions to construct more connected, resilient, and sustainable cities increases. The premium NKE family of long-coupled end-suction pumps utilizes smart technology to provide simplicity of use, monitoring capabilities, and better connectivity. They also boast industry-leading energy efficiency.

Smart pumps' performance can be improved even more with the addition of AI by using previous data to learn from and real-time adaptation to changing environmental conditions. This offers increased operational effectiveness and even higher energy savings.

In addition, in March 2023, Delta Electronics and DAC Industrial Electronics, Inc. launched the Delta Motor Mounted Pump Drive MPD Series—a smart and energy-efficient water delivery system—in the Philippines market. Delta MPD is the complete solution for the pump industry that combines intelligent multi-pump controls with high-efficiency IE5-level motors in keeping with the idea of continuously providing smarter and greener products.

𝐎𝐢𝐥 𝐚𝐧𝐝 𝐆𝐚𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐂𝐚𝐩𝐭𝐮𝐫𝐞𝐝 𝐀𝐛𝐨𝐮𝐭 𝟐𝟖% 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐡𝐚𝐫𝐞

The oil and gas industry captured about 28.1% revenue share in the global industrial pumps market. Industrial pumps are widely used in the oil and gas industry for several jobs like transporting, processing and extracting crude oil.

The use of pumps for offshore drilling operations has increased recently as companies search for new oil and gas resources in deep-sea regions. The need for industrial pumps in the oil and gas industry has surged owing to the expansion of shale gas resources in the Middle East and North America.

Non-OPEC and emerging nations are expected to experience considerable increases in global oil and gas output. One of the main factors projected to contribute to the increase is the rising demand for energy, shale gas, tight gas, and coal bed methane (CBM), which is being caused by the maturity of traditional oil and gas resources. For instance, India's energy demand has grown dramatically, and in the years to come, it will account for 11% of the world's demand, up from its present 5%.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐠𝐢𝐨𝐧 𝐢𝐬 𝐒𝐞𝐭 𝐭𝐨 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐌𝐨𝐫𝐞 𝐓𝐡𝐚𝐧 𝐇𝐚𝐥𝐟 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐡𝐚𝐫𝐞

In 2022, the Asia Pacific region dominated the global market with 50.3% of the market revenue share. The region is expected to reach 52.0% by 2031, indicating an even more strong dominance, registering a Compound Annual Growth Rate (CAGR) of 4.2%.

In addition to being a major source of primary energy consumption, the oil and gas sector also contributes to the supply of raw materials for several sectors, including petrochemicals, solvents, and fertilizer. The need for these will probably rise due to population growth and fast urbanization, forcing refiners to build new facilities or expand existing ones. The rise in demand will drive the market growth from 2023 to 2031.

China is anticipated to be responsible for the large increase in crude oil refining capacity in Asia-Pacific (APAC) throughout the forecast period. In addition, China is one of the world's biggest producers of chemicals. The European Chemical Industry Council statistics show that investments in the nation have likewise reached their best levels in the past ten years.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐌𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/industrial-pumps-market

The country's industrial pump market is likely to be driven by the growing demand from the chemical and refining industries. In addition, India's refining capacity increased by 0.8% in 2022, reaching a total daily capacity of 5045 thousand barrels. By 2030, India Oil Corp., the country's largest refinery, aimed to boost its capacity from 80.7 million metric tons annually to 150 million metric tons annually. Moreover, there are 4 billion USD worth of projects in various phases of completion.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The market landscape is competitive and inventive due to the mixture of well-established businesses and newcomers. Flowserve Corporation, Grundfos Holding AS, ITT Inc., Sulzer Ltd., and Weir Group PLC are important market participants.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• EBARA Corporation
• All Pumps Sales & Service
• Flowserve Corporation
• Gainesville Industrial Electric Co.
• Gemmecotti Srl
• Grundfos Pumps Corporation
• Inoxmim
• ITT Inc
• Koshin Ltd.
• Premier Fluid Systems Inc.
• Pump Engineering Company
• Sulzer
• The Weir Group plc
• Torishiima Pump Mfg. Co., Ltd
• Xylem
• Other Prominent players

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐢𝐧𝐞

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐩𝐮𝐦𝐩𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐜𝐮𝐬𝐞𝐬 𝐨𝐧 𝐓𝐲𝐩𝐞, 𝐒𝐭𝐚𝐠𝐞 𝐓𝐲𝐩𝐞, 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧, 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧, 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧.

𝐁𝐲 𝐓𝐲𝐩𝐞
• Dynamic Pump
o Centrifugal pump
o Vertical Centrifugal Pump
o Horizontal Centrifugal Pump
o Submersible Pump
o Fire Hydrant Pump
• Positive Displacement Pump
o Diaphragm Pump
o Gear pump
o Piston Pump
o Lobe Pump
𝐁𝐲 𝐒𝐭𝐚𝐠𝐞 𝐓𝐲𝐩𝐞
• Single Stage Pump
• Two-Stage Pump
• Multi-Stage Pump
𝐁𝐲 𝐏𝐫𝐨𝐩𝐮𝐥𝐬𝐢𝐨𝐧
• Engine- Driven
• Electric Driven Type
𝐁𝐲 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧
• Diving Type
• Non-Submersible Type
𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
• General Fluid Movement
• Special Fluid Movement
𝐁𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
• Agriculture
• Construction
• Municipal
• Chemical & Materials
o Basic
o Advanced Chemicals
o Materials
• Oil and Gas
o Upstream
o Downstream (Refineries and Pipeline)
• Power Generation
• Metal & Mining
• Manufacturing
• Pharmaceutical
• Food and Beverage Processing
• Automotive
• Others
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
• North America
o The U.S.
o Canada
o Mexico
• Europe
• Western Europe
 The UK
 Germany
 France
 Italy
 Spain
o Rest of Western Europe
• Eastern Europe
 Poland
 Russia
o Rest of Eastern Europe
• Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o South Korea
o ASEAN
o Rest of Asia Pacific
• Middle East & Africa
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
• South America
o Argentina
o Brazil
o Rest of South America

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/industrial-pumps-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

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