PORTLAND, Oregon and PUNE, India, July 16, 2018 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "Heavy-duty Pumps Market: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global heavy-duty pumps market was valued at $ 12,823 million in 2017, and is expected to reach at $ 19,522 million by 2025, growing at a CAGR of 5.4% during the forecast period. The centrifugal pump segment accounted for more than four-fifth of the market share in 2017 and is expected to witness significant growth during the forecast period.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/3239
Heavy-duty pumps are industrial pumps that are designed specially to transfer highly corrosive and abrasive fluids efficiently from one place to another. These pumps are suitable for oil & gas transfer, chemicals transfer, sewage transfer, and other heavy-duty applications. There is an increase in demand for the machine, owing to the rise in demand for portable water, globally. In addition, high efficiency and reliability offered by these pumps to transfer different products are expected to propel the market growth. However, increase in environmental protection activities due to rapid increase in pollution restrain the market growth.
The processing industry segment based on end-user industry has the largest market share in the global heavy-duty pumps market during the forecast period. Its market share is expected to grow due to the rise in demand for chemical processing & wastewater processing across the globe. Furthermore, the others market in the product type segment is expected to grow at a significant CAGR during the forecast period, owing to the capability of heavy-duty pumps to efficiently resist corrosion.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3239
Key Findings of the Heavy-duty Pumps Market:
- Based on end-user industry, the processing industry segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 5.7% during the forecast period.
- Asia-Pacific generated the highest revenue in 2017 and is anticipated to grow at the highest CAGR of 6.2%.
- The centrifugal pump segment based on the pump type generated the highest revenue in 2017, and is estimated to grow at the rate of 5.6%.
- In North America, the U.S. accounted for more than half of the market share in 2017.
The key players profiled in this report are Alfa Laval, EBARA Corporation, Flowserve Corporation, Gardner Denver, Inc., General Electric Company, Grundfos, ITT INC., KSB SE & Co., Sulzer Ltd., and The Weir Group PLC.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: +1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
SOURCE Allied Market Research