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Category: Business and Industry
Date Submitted: 10/25/2016 06:57 AM
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...