1 / 6

Pumps Market Overview by Growth Opportunities and Demand Forecast to 2026

Pumps Market Overview by Growth Opportunities and Demand Forecast to 2026

vinayakshinde
Download Presentation

Pumps Market Overview by Growth Opportunities and Demand Forecast to 2026

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Pumps Market by Growth Opportunities and Demand Forecast to 2026 • The global pumps market is expected to undergo major transformations of late owing to the expanding expenditure in infrastructure and mining activities across various economies of the world. In fact, as per statistics rolled out by the National Mining Association, an American on average uses nearly 3.4 tons of coal and approximately 40,000 pounds of newly mined materials every year. This number enhances the need for mineral excavation, evoking the demand for pumps. In this case, it would be essential to note that mining has emerged as a remunerative vertical for the overall pumps market. Estimates claim that the mining application segment would account for a share of $4.6 billion by 2026 end. • Such initiatives are expected to augment the overall growth profile of pumps market over the span of 2020 to 2026 enabling it to account for a valuation of USD 77.1 billion by 2026 end. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. The mining industry is abundantly dependent on various types of pumps for carrying out vivid operations even before the mining process commences, such as dust and fire suspension, water transport and boosting, and dewatering. Mining pumps are typically used in sludge dewatering, slurry transferring, extracted mineral processing, and wastewater and tailing transfer operations. • Furthermore, pumps also boast of numerous applications in both midstream and upstream operations of the oil and gas industry. Speaking on these lines, considering the onshore drilling operations, several pumps and pump systems are uniquely designed for facilitating easy operations and dodging serious hazards. For instance, centrifugal pumps with automatic mainline and booster pipeline stations, diesel-driven non-submersible, and high-pressure water injection are customized to be used effectively in oil and gas exploration operations. • Moving further, the pumps market is potentially characterized by the electrical-driven pumps segment, which as per industry experts would hold a fair revenue share of 75% by the end of 2026. These pumps are garnering significant traction owing to their ideal use in both clean laden fluids and solids involving sewage, sludge, and waste and seawater. Besides, they are also highly convenient to use and deliver umpteen benefits including enhanced compactness, lower operating expense, and simplicity. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3212 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • Laying emphasis on the performance of pumps industry across various regions, it is pivotal to state that Latin America is projected to stand tall in the overall business realm over the foreseeable time frame, depicting a CAGR of 3.25% through 2026. The growth predominantly comes from the thriving O&G and industrial sector. It has been observed that the regional industrial sector is gaining novel investments due to a favorable socio-economic environment. Moreover, oil and gas reserves present in the continent and prominent companies are compelled to carry out more exploration activities, substantially uplifting the dynamics of pumps market in the LATAM region. • Competitive Analysis • Some of the leading companies include Xylem Inc., Grundfos, Gorman Rupp Company, Gardner Denver, Thompson Pump and Manufacturing Company, Flowserve Corporation, Baker Hughes, Schlumberger, Roper Pump Company, Ebara Corporation, Atlas Copco, etc. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Pumps Market @ https://www.gminsights.com/industry-analysis/pumps-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/3212 Request for customization: https://www.gminsights.com/roc/3212 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

More Related