Industrial Pumps Market Size Worth $81.87 Billion By 2028 | CAGR: 3.9%: Grand View Research, Inc.
SAN FRANCISCO, April 6, 2021 /PRNewswire/ -- The global industrial pumps market size is expected
to reach USD 81.87 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to
expand at a CAGR of 3.9% from 2021 to 2028. Rising product demand from the water and wastewater, oil and gas, and chemical industries on account of the rapid population growth and industrialization across the globe is anticipated to drive the market.
Key suggestions from the report:
The centrifugal pump product segment held the largest revenue share in 2020 owing to its characteristics, including high flow rate deliverability, the capability of raising pressure inside pump casing, and high transmission velocity