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Rotary Pumps Market To Witness CAGR Tremendous 4 8% CAGR By 2031

Rotary Pumps Market To Witness CAGR Tremendous 4 8% CAGR By 2031
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Rotary Pumps Market To Witness CAGR Tremendous 4 8% CAGR By 2031

Rotary Pumps Market To Witness CAGR Tremendous 4 8% CAGR By 2031
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Reverse Osmosis Pumps Demand to Soar, Centrifugal Pumps to Account for Over 69% of Sales in 2021: Future Market Insights

Reverse Osmosis Pumps Demand to Soar, Centrifugal Pumps to Account for Over 69% of Sales in 2021: Future Market Insights
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Centrifugal Pump Market to Reach $48 8 Bllion by 2026: MarketsandMarkets™

Centrifugal Pump Market to Reach $48.8 Bllion by 2026: MarketsandMarkets™ iCrowd Newswire 24 Jun 2021, 09:23 GMT+10 According to the new market research report The global centrifugal pump market is projected to reach a size of USD 48.8 billion by 2026, at a CAGR of 5.9%, from an estimated USD 36.6 billion in 2021. High demand for centrifugal pumps in the agricultural sector and increasing investments in the construction industry attributing to rapid urbanization are the key factors driving the growth of the centrifugal pumps market. Likewise, the up-gradation of aging and construction of new water & wastewater treatment facilities and adoption of solar-powered centrifugal pumps are expected to offer lucrative opportunities for the submersible pumps market during the forecast period.

Forklift Truck Market to Exhibit a CAGR of 4 3% by 2028;

Disrupted Steel Industry to Thwart Growth amid Pandemic The severe impact on the steel industry has dramatically reduced the growth of the market. As per the U.S. Steel Industry, the U.S. steel production fell 12.7% year over year at the ending of March 2020. The steel imports have also fallen explicitly in January and February 2020. This factor will adversely impact manufacturing facilities, thus impacting the market. The declined automotive, precision instruments, and machinery has further affected the global market. Moreover, industries such as machinery, automotive, office machinery, communication equipment have faced unprecedented loss, which, in turn, can disturb the forklift trucks industry.

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