Global Pumps Market is valued approximately at USD 95.05 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.6% over the forecast period 2020-2027 The increasing use of pumps in construction applications like sludge handling of mud, silt, chemical dosing and others, in power generation industry due to development of new power plants and investments by the prominent market players to expand their customer base are expected to fuel the growth in the market. For Instance: in 2018, Pumpman Holding LLC acquired the assets of Brooklyn (a New York based Federal Pump), to position the company in New York pumps market . Also excess water extraction in some countries leading to decline in water level which is increasing the demand of high head pumps.
India witnessed 61% decline in its water level between 2007 and 2018 owing to excess ground water extraction. However, turbulent economic situation of the world is expected to impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing demand for clean water coupled with depleting water resources owing to rapid growth in industrialization and urbanization is likely to increase the market growth during the forecast period.

The regional analysis of global Pumps market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to rising demand for energy fuels due to increasing investment in oil and gas sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising infrastructure development schemes in the region raising demand for pumps for water treatment, irrigation, power generation and others which would create lucrative growth prospects for the Pumps market across Asia-Pacific region.

Major market player included in this report are:
Grundfos Pump Corp.
Xylem, Inc.
Ingersoll - Rand Plc
Flowserve Corp.
SPX Flow, Inc.
KSB SE & Co. KGaA
Sulzer Ltd.
Pentair Plc
Iwaki America, Inc.
Schlumberger Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Centrifugal Pump
Axial Flow Pump
Radial Flow Pump
Mixed Flow Pump
Positive Displacement Pump
Reciprocating
Rotary
Others
Others
By Application:
Oil & Gas
Chemicals
Agriculture
Power generation
Construction & building services
Water & Wastewater
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027

Target Audience of the Global Pumps Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors