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NEW YORK , Jan. 20, 2022 /PRNewswire/ -- The pumps market share growth by the centrifugal pumps segment will be significant for revenue generation. Centrifugal pumps are the most preferred choice in the process and discrete industries. These pumps work on the rotational motion of the impeller, which is fitted inside the pump. The demand for these pumps is expected to continue growing during the forecast period as many investments have been made in these industrial sectors, leading to their increased use.
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With 50% of the growth originating from APAC, this region will record a fast growth rate during the forecast period. China and Germany are the key markets for the pumps market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Vendors and Vendor Strategies
Alfa Laval AB, Danfoss AS, Dover Corp., Flowserve Corp., General Electric Co., Grundfos Holding AS, Ingersoll Rand Inc., Robert Bosch GmbH, Sulzer Ltd., and The Weir Group Plc are a few of the key vendors in the Pumps Market.
The vendors in the market are constantly focusing on broadening their product portfolio through expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.
Few vendors with key offerings:
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Our analysts have extensively outlined the information on the key market drivers and their impact on the Pumps Market.
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Related Reports - Industrial Pumps Market -The industrial pumps market share should rise by USD 20.03 billion from 2022 to 2026 at a CAGR of 5.85%. Download a free sample now!
Screw Pumps Market -The screw pumps market share is expected to increase by USD 1.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.43%.Download a free sample now!
Accelerate at a CAGR of 5.73%
APAC, Europe, North America, South America, and MEA
China, US, Russian Federation, Japan, and Germany
Leading companies, competitive strategies, consumer engagement scope
Alfa Laval AB, Danfoss AS, Dover Corp., Flowserve Corp., General Electric Co., Grundfos Holding AS, Ingersoll Rand Inc., Robert Bosch GmbH, Sulzer Ltd., and The Weir Group Plc
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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