Pumps Market Analysis: Integrating IoT and Collaborations in the Industry from Dipaxac's blog

The Pumps Market Analysis has shown substantial growth, with a valuation of USD 92.40 billion in 2022. Projections suggest significant expansion, with the market expected to reach USD 123.66 billion by 2030, reflecting a steady Compound Annual Growth Rate (CAGR) of 3.71% during the forecast period from 2023 to 2030.

Pumps, devices that utilize mechanical action to transfer fluids, be it liquids, gases, or slurries, play a crucial role in various industries. Categorized based on their functioning mechanisms, pumps operate on the fundamental principle of using energy to move fluids through mechanical action. They can be operated manually or with the assistance of electricity. While pumps find applications in diverse industries such as agriculture, pharmaceuticals, and chemicals, the primary driver for the pumps market revenue is the oil and gas sector.

Key Highlights:

1. Current Valuation: As of 2022, the Pumps Market Analysis is valued at USD 92.40 billion, showcasing their integral role in fluid transfer across various industries.

2. Projected Growth: Forecasts suggest significant expansion, with the market anticipated to reach USD 123.66 billion by 2030, demonstrating a steady CAGR of 3.71% during the forecast period.

3. Versatile Applications: Pumps find applications in numerous industries, including agriculture, pharmaceuticals, chemicals, and more, with the oil and gas sector being a primary driver for market revenue.

4. Mechanisms and Operation: Categorized based on their functioning mechanisms, pumps operate on the concept of using energy to mechanically move fluids, either manually or with electricity.

Industry analysts attribute the anticipated growth to the increasing demand for fluid transfer solutions across various industries, with the oil and gas sector playing a pivotal role in driving revenue. The Pumps Market presents opportunities for stakeholders, investors, and businesses operating within the fluid transfer and energy sectors.

KEY MARKET SEGMENTATION

- Basis of Type

• Portable
• Stationary

- Basis of Position

• Submersible
• Non-submersible

- Basis of Driving Force

• Engine-Driven
• Electric-Driven

- Basis of Technology

• Dynamic Pumps 
• Centrifugal
• Others
• Positive Displacement Pump
• Rotary
• Gear
• Vane
• Screw
• Others
• Reciprocating  
• Diaphragm
• Piston/Plunger 

- Basis of End User

• Mining
• Building & construction
• Oil & Gas
• General industries
• Water & wastewater treatment
• Chemicals
• Power generation

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Key Players

The major key players are Aqua Group, Best Engineers Pumps, Commitment Reliability Innovation (C.R.I), CNP Pumps, Deccan, Duke Plasto Technique, ELLEN, Endura Pumps, Falcon Pumps, Grundfos and Other Players

Driving Factors

• Water conservation and wastewater treatment improvements.
• Increased industrial activity and infrastructural renovation.
• Agricultural Sector Development.

Opportunities

• Increased awareness of the importance of producing energy-efficient goods
• Many small pump manufacturers are actively offering excellent alternatives at competitive prices.

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Table of Contents

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
...
13. Regional Analysis
14. Company Profile
15. Competitive Landscape
16. Conclusion