PUBLISHER: Lucintel | PRODUCT CODE: 1195385
PUBLISHER: Lucintel | PRODUCT CODE: 1195385
Industrial Pumps and Valves Market Trends and Forecast
The future of the industrial pump and valve market looks promising with opportunities in the power generation, oil and gas, metal and mining, agriculture, building services, and water and wastewater markets. The global industrial pump and valve market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are 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.
Industrial Pump and Valve Market by Product, Position, Driving Force, and End Use
Emerging Trends in the Industrial Pump and Valve Market
Emerging trends, which have a direct impact on the dynamics of the industry, include rise in demand for food from developing nations, technological advancement in production of industrial pump, and rise in demand for electric and hybrid electric vehicles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global industrial pump and valve market report.
Industrial Pump and Valve Market by Segments
Industrial Pump and Valve Market by Segment
Industrial pump and valve Market by Product Type [Value ($B) shipment analysis for 2017-2028]:
Centrifugal
Positive Displacement
Reciprocating
Rotary
Others
Industrial pump and valve Market by Position [Value ($B) shipment analysis for 2017-2028]:
Submersible
Non-Submersible
Industrial pump and valve Market by Driving Force [Value ($B) shipment analysis for 2017-2028]:
Engine Driven
Electrical Driven
Industrial pump and valve Market by End Use [Value ($B) shipment analysis for 2017-2028]:
Power Generation
Oil and Gas
Metal and Mining
Agriculture
Building Services
Water and Wastewater
Others
Industrial pump and valve Market by Region [Value ($B) shipment analysis for 2017-2028]:
North America
Europe
Asia Pacific
The Rest of the World
List of Industrial Pump and Valve Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial pump and valve companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial pump and valve companies profiled in this report include.
Flowserve Corporation
The Weir Group plc
Grundfos
KSB
ITT Inc
Sulzer
EBARA Corporation
Xylem
Industrial Pump and Valve Market Insights
Lucintel forecasts that centrifugal will remain the largest segment over the forecast period due to its wide utilization in several application, low maintenance and increasing construction activities.
Oil and gas is expected to remain the largest segment due to the growing demand for oil and gas in developing countries and increasing usage of industrial pump to evacuate toxic and flammable gases.
APAC will remain the largest region due to the significant investments in upstream oil and gas activities and increasing research and development activities for innovative products in the region.
Features of the Industrial Pump and Valve Market
Market Size Estimates: Industrial pump and valve market size estimation in terms of value ($B)
Trend And Forecast Analysis: Market trends (2017-2021) and forecast (2023-2028) by various segments and regions.
Segmentation Analysis: Industrial pump and valve market size by various segments, such as by product type, position, driving force, end use and region
Regional Analysis: Industrial pump and valve market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis on growth opportunities in different by product type, position, driving force, end use and regions for the industrial pump and valve market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape for the Industrial pump and valve market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the industrial pump and valve market size?
Answer: The global Industrial pump and valve market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for industrial pump and valve market?
Answer: The global industrial pump and valve market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the industrial pump and valve market?
Answer: The major drivers for this market are continuous technological advancements in pumps, higher returns on investments, and growth in disposable income.
Q4. What are the major segments for industrial pump and valve market?
Answer: The future of the industrial pump and valve market looks promising with opportunities in the power generation, oil and gas, metal and mining, agriculture, building services, water and wastewater, and other markets.
Q5. What are the emerging trends in industrial pump and valve market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include rise in demand for food from developing nations, technological advancement in production of industrial pump, and rise in demand for electric and hybrid electric vehicles.
Q6. Who are the key industrial pump and valve companies?
Answer: Some of the key Industrial pump and valve companies are as follows:
Flowserve Corporation
The Weir Group plc
Grundfos
KSB
ITT Inc
Sulzer
EBARA Corporation
Xylem
Q7. Which industrial pump and valve segment will be the largest in future?
Answer: Lucintel forecasts that centrifugal will remain the largest segment over the forecast period due to its wide utilization in several application, low maintenance and increasing construction activities.
Q8. In industrial pump and valve market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
7:5: ITT Inc