Lucintel's latest market report analyzed that industrial pump and valve provides attractive opportunities the power generation, oil and gas, metal and mining, agriculture, building services, and water and wastewater markets. The industrial pump and valve market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, centrifugal is the largest segment by product type, whereas oil and gas is largest by end use. Rise in demand for food from developing nations, technological advancement in production of industrial pump, and rise in demand for electric and hybrid electric vehicles provides strategic growth path in this market.
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Based on product type, the industrial pump and valve market is segmented into centrifugal, positive displacement, reciprocating, rotary and others. The centrifugal segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its wide utilization in several application, low maintenance and increasing construction activities.
Browse in-depth TOC on “Industrial Pump and Valve Market”
XX – Tables
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150 – Pages
The Industrial Pump and Valve Market is marked by the presence of several big and small players. Some of the prominent players offering industrial pump and valve include Flowserve Corporation, The Weir Group plc, Grundfos. KSB, ITT Inc, Sulzer,EBARA Corporation, Xylem.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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