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Global Pumps Market 2018-2022| Development of 3D-printed Impellers to Boost Growth| Technavio

August 29, 2018

LONDON--(BUSINESS WIRE)--Aug 29, 2018-- market research analysts forecast the global pumps market to grow at a CAGR of almost 4% during the forecast period.

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Technavio has published a new market research report on the global pumps market from 2018-2022.(Graphic: Business Wire)

The development of 3D-printed impellers is one of the major trends being witnessed in the . The vendors are striving to increase their competence in the region by adopting modern technologies in pumping solutions. The vendors have been able to improve their product offerings owing to the technological developments in the centrifugal pumps market.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global pumps market is the increasing number of initiatives to develop energy-efficient equipment:

Global pumps market: Increasing number of initiatives to develop energy-efficient equipment

The requirement of energy-efficient equipment in different processes has been increasing because the end-user industries are increasing their production volume to cater to the growing demand for their products and services. Approximately 9% of the cost of production is spent on electricity in most industries.

According to a senior analyst at Technavio for research on engineering tools, “The regulatory authorities have been encouraging the adoption of energy-efficient equipment due to the increasing consumption of electricity by energy-intensive industries. The governments of many countries are concentrating on increasing the energy efficiency of electric motor technologies through applied research and science.”

Global pumps market: Segmentation analysis

The global pumps market research report provides market segmentation by product (centrifugal pumps, specialty pumps, and positive displacement pumps), by end-user (oil and gas, water and wastewater, chemical, building, and power), and by region (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the three major products, the centrifugal pumps segment held the largest market share in 2017, contributing to over 54% of the market. This product segment will dominate the global market throughout the forecast period.

EMEA held the largest share of the market in 2017, accounting for close to 36% share. It was followed by APAC and the Americas respectively. The EMEA region is anticipated to dominate the global market throughout the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005663/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/29/2018 02:23 PM/DISC: 08/29/2018 02:22 PM

http://www.businesswire.com/news/home/20180829005663/en

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