Market Summary:

The global Industrial Pumps Market had a size of USD 6 billion in 2022 and is projected to reach USD 99.29 billion by 2032, demonstrating a rapid revenue Compound Annual Growth Rate (CAGR) of 5% during the forecast period. The robust growth in this market can be attributed to several key factors, including the increasing pace of urbanization and industrialization, as well as a growing demand for industrial pumps that prioritize energy efficiency and environmental sustainability, particularly in the context of water and wastewater treatment.

The need for industrial pumps, which play a critical role in transporting water, slurry, and various fluids, is on the rise, driven by the increasing demand for water and wastewater treatment within the industrial sector. Moreover, heightened public awareness regarding the importance of clean water and the implementation of stringent regulatory measures governing the discharge of wastewater into natural water bodies are driving the demand for water treatment and wastewater treatment solutions. In the field of water and wastewater treatment, industrial pumps find extensive use in various processes, including disinfection, coagulation, flocculation, and sludge dewatering.

Furthermore, there is a growing preference for energy-efficient and environmentally friendly industrial pumps, reflecting a global emphasis on reducing carbon emissions and the adoption of sustainable solutions. Energy-efficient pumps are gaining popularity due to their long-term cost-effectiveness and their ability to lower energy consumption and operational expenses.

Additionally, the emergence of cutting-edge technologies, such as smart pumps, and the integration of the Internet of Things (IoT) into industrial pumps, are expected to further drive market revenue growth. Smart pumps incorporate sensors and controllers that continuously monitor pump performance and reduce energy consumption. IoT-enabled industrial pumps offer real-time data analysis, remote monitoring, and predictive maintenance capabilities, which not only reduce downtime but also enhance overall pump performance.

Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @

https://www.reportsanddata.com/download-free-sample/1015

Strategic Developments:

• In 2021, Xylem Inc. announced its plan to acquire the water treatment technology company, Valor Water Analytics. The acquisition aimed at enhancing Xylem's capabilities to provide advanced water solutions to its customers.
• In 2020, Grundfos Holding A/S announced the launch of its new generation of intelligent water pumps, which use artificial intelligence and internet of things (IoT) technology to optimize the water flow and energy consumption in commercial and industrial buildings.
• In 2020, KSB SE & Co. KGaA acquired the fluid handling company, Isoria Group, to expand its product offerings in the valve industry and strengthen its market position in Europe.
• In 2020, Sulzer Ltd. acquired the Nordic Water, a Swedish water treatment company. The acquisition aimed at expanding Sulzer's presence in the wastewater treatment market and complementing its existing portfolio of water-related products and services.
• In 2019, Ebara Corporation acquired the pump and compressor business of the Italian company, Vansan. The acquisition aimed at strengthening Ebara's position in the European market and expanding its product offerings.

Industrial Pumps Market Report Scope

Browse press release:

https://www.reportsanddata.com/report-detail/industrial-pumps-market

Leading Players in the Industrial Pumps Market:

The worldwide market for industrial pumps exhibits a significant degree of fragmentation, with numerous substantial and medium-sized entities collectively contributing a significant portion of the market's total revenue. Key players in this industry are actively implementing a variety of strategies, including mergers and acquisitions, forming strategic partnerships, and innovating their product offerings to maintain and strengthen their positions in the market. Among the prominent companies operating within the global industrial pumps market are:

• Xylem Inc.
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• Sulzer Ltd.
• Ebara Corporation
• Danfoss A/S
• ITT Inc.
• Wilo SE
• Flowserve Corporation
• Weir Group Plc

Browse Related Reports:

QR Code Labels Market

https://www.reportsanddata.com/report-detail/qr-code-labels-market

Vacuum Packaging Market

https://www.reportsanddata.com/report-detail/vacuum-packaging-market

Rubber Tapes Market

https://www.reportsanddata.com/report-detail/rubber-tapes-market

Transport Packaging Market

https://www.reportsanddata.com/report-detail/transport-packaging-market

Pesticides Market

https://www.reportsanddata.com/report-detail/pesticides-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report