PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279051
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279051
Global Commercial Pumps Market is valued approximately at USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Commercial pumps are machines that are designed to move fluids or gases by using mechanical action. They are commonly used in a wide range of industries such as manufacturing, agriculture, mining, and construction, among others. Commercial pumps are generally larger and more powerful than residential pumps and are built to withstand the demands of continuous, heavy-duty use. There are many different types of commercial pumps, each with its own unique features and applications. Some examples of commercial pumps include centrifugal pumps, positive displacement pumps, diaphragm pumps, and gear pumps. These pumps are used to move various types of fluids, including water, oil, chemicals, and gases. Commercial pumps are an essential component of many industrial processes and their reliability and efficiency are critical to the success of these processes. The key factor driving the market growth is rising trend of green buildings and growing demand in Oil & Gas Industry that anticipated to support the market growth during forecast period.
The rising adoption of green buildings is expected to support the growth of the commercial pumps market in several ways. Green buildings are designed to be energy-efficient and environment friendly, which requires the use of advanced building systems and technologies. One such technology is the use of high-efficiency pumps in commercial buildings, which can significantly reduce energy consumption and operating costs. Commercial pumps play a critical role in the operation of building systems such as HVAC (heating, ventilation, and air conditioning), plumbing, and fire protection. The adoption of green building practices has increased the demand for energy-efficient pumps that can meet the stringent requirements for energy efficiency and sustainability. Thus, the rising adoption of green building is anticipated to support the market growth. For instance, according to Statista, in 2017 the investments in green buildings in Germany was worth USD 8.53 billion and the number increased significantly and reached USD 13.34 billion in 2021. As a result, the rising investment in green buildings is anticipated to create the lucrative demand for the market during forecasted period. Additionally, rising adoption of IoT Solutions and growing demand in the construction sector However, the high cost of energy-efficient Pumps stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Commercial Pumps Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominates the regional market holding the largest market share, owing to the presence of key market players, and growing adoption of green buildings. Whereas, Asia Pacific is anticipated to exhibit fastest growing region over the forecast period, owing to factors such as growing demand in construction sector and growing industrialization in the region would create lucrative growth prospects for the Commercial Pumps market across Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable