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Worldwide Pump Market Report - Delhi
Wednesday, 11 May, 2022
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Item details
City:
Delhi
Offer type:
Demand
Price:
USD 2,800
Item description
From 2019 to 2028, the global pumps market is expected to grow at a moderate rate of around 3.5%. The increasing use of pumps across end-users for a variety of applications is expected to drive the pump market. Rising public and private expenditure in the modern water infrastructure sector is driving the growth of the global pumps market. Countries are building state-of-the-art flood control systems in flood-prone areas which are also expected to soar the demand for pumps. Growing concern regarding the depleting level of groundwater will further foster water conservation efforts, thus propelling the global pump market growth. Moreover, the increasing utilization of pumps in industrial applications such as chemical and pharmaceutical is another pivotal factor that is positively influencing the market growth. Construction activities and rapid industrialization within developing economies have boosted growth indicators across mining, oil & gas, and water infrastructure, which are leading factors for global markets.
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