Pumps Market Report: Comprehensive Assessment and Future Projections

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TechSci Research's report on the "Global Pumps Market" forecasts significant growth between 2024 and 2028, primarily driven by the escalating wastewater generation from various industrial activities. The surge in global water demand is expected to amplify the waste emission load, compelling policymakers worldwide to enact stringent wastewater management regulations, especially for urban and industrial sectors. Moreover, approximately two-thirds of the world's population resides in regions grappling with water scarcity, notably affecting 50% of China and India's populations.

In response to these challenges, pump sector vendors are broadening their focus on mergers and acquisitions (M&A) to explore untapped markets. Through M&A activities, companies like Wilo and Sulzer aim to expand their customer base in both developed and developing countries, thereby enhancing their market prospects. Furthermore, the replacement market's demand is bolstering the availability of aftermarket components and services for major international producers.

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Report Scope:

In this report, the Global Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Pumps Market, By Type

• Centrifugal
• Positive Displacement

• Pumps Market, By End Use

• Water & Wastewater
• Building Services
• Agriculture
• Chemicals
• Power
• Oil & Gas
• Mining
• F&B
• Pharmaceutical

• Pumps Market, By Region:

• North America

• United States
• Canada
• Mexico

• Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia
• Singapore
• Malaysia

• Europe

• Germany
• United Kingdom
• France
• Russia
• Spain
• Belgium
• Italy

• South America

• Brazil
• Argentina
• Colombia
• Peru
• Chile

• Middle East

• Saudi Arabia
• South Africa
• UAE
• Israel
• Turkey

The market segmentation includes type, end use, region, and competitive landscape. Centrifugal pumps dominate the market due to their versatility and widespread use in various industries for handling water, thin liquids, and slurries. Positive displacement pumps are also witnessing increased demand, particularly in applications where centrifugal pumps are less efficient. These pumps offer advantages like the capacity to handle liquids with high solid content and minimal maintenance requirements, making them increasingly popular in process manufacturing operations.

Key market players in the global pumps market are:

• Alfa Laval Corporate AB
• Baker Hughes Company
• Circor International, Inc.
• DESMI A/S
• Flowserve Corporation
• Kirloskar Brothers Limited
• KSB SE & Co. KGa
• Nikkiso Co., Ltd.
• SPX Flow, Inc
• Franklin Electric Co.

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Industrial pumps, primarily used in refineries, are anticipated to witness sustained demand, driven by stringent pollution reduction regulations and technological advancements in deepwater exploration. 

The Asia-Pacific region leads the global pumps market, fueled by rising industrial activity in countries like China and India. China, in particular, is expected to contribute significantly to the region's refining capacity expansion, further propelling the demand for pumps. The report also highlights emerging trends, drivers, challenges, and opportunities to assist decision-makers in making informed investment decisions.

In summary, the Global Pumps Market is poised for robust growth driven by increasing wastewater generation, stringent regulatory frameworks, and expanding industrial activities, particularly in regions like Asia-Pacific. TechSci Research's report provides comprehensive insights into market dynamics and future growth prospects, aiding stakeholders in strategic decision-making.

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