Pumps Market Opportunities, Share, and Industry Forecast 2027
Market Highlights Pumps are basically classified into two categories, namely, positive displacement and dynamic pumps. Positive displacement pumps are further classified intro two types, namely, reciprocating and rotary. Dynamic pumps are of two type, namely, centrifugal and special effect pumps. Centrifugal pumps are used to transport liquid with large volume and substantial pressure head and are largely utilized for water, wastewater, and industrial liquid transportation in the power, steel, and domestic sectors. Based on end-user, the market is segmented as oil & gas, water & wastewater, power generation, chemicals, pharmaceutical, food & beverage, and others. Water & wastewater segment is estimated to dominate the market during the forecast period. Water & wastewater segment is estimated to dominate the market during the forecast period due to rising investment in waste water industry across the globe. The awareness level of water reuse has increased...