Global Industrial Pumps Market Size, Share, Growth, Trends and Forecast to 2023: Credence Research

Global Industrial Pumps Market Size, Share, Growth,

Trends and Forecast to 2023: Credence Research

According to a new market report published by Credence Research, Inc., “Industrial Pumps Market (By

Application (Oil and Gas, Chemicals, Utilities (Water and wastewater), Building, Residential Construction,

and Others (Food and Beverage, etc.)), By Product Type (Centrifugal Pumps, Positive Displacement Pumps,

and Specialty Pumps)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”,

the global industrial pumps market is expected to expand at a compound annual growth rate of 5.2%

during the forecast period 2016 – 2023.

Browse the full Industrial Pumps Market (By Application (Oil and Gas, Chemicals, Utilities (Water and

wastewater), Building, Residential Construction, and Others (Food and Beverage, etc.)), By Product Type

(Centrifugal Pumps, Positive Displacement Pumps, and Specialty Pumps)) - Growth, Share, Opportunities,

Competitive

Analysis,

and

Forecast

2016

–

2023

report

at

http://www.credenceresearch.com/report/industrial-pumps-market

Product Insights

An industrial pump is a device used to transfer fluids (gases or liquids), or sometimes semi-liquid mixture

by mechanical action. Infrastructure developments, especially in emerging economies of Asia Pacific and

Rest of World have resulted in an increased construction spending and industrial output. This, in turn has

propelled demand for industrial pumps. In addition, heightened investments made in wastewater

treatment and drinking water facilities across the globe bode well for the overall market growth. Process

manufacturing industries including chemicals and food and beverage are expected to offer healthy growth

and investment opportunities for manufacturers during the forecast period 2016 – 2023.

Industrial Pumps Market

Competitive Insights

The global industrial pumps market is characterized by the presence of large number of manufacturers...