Pump and Valves Market Poised to Grow at a CAGR of 3.9% by 2024

Pump and Valves Market Poised to Grow at a CAGR of 3.9% by 2024


Infinium Global Research has added a new report on Pump and Valves Market. The report presents analysis of global as well as regional markets of pump and valves market over the period of 2016 to 2024. Pumps and valves are an essential part of automation. Pumps are responsible for maintaining the flow rate and pressure of the fluids required in specific industries, whereas valves are responsible for maintaining the operational performance of a facility. When selecting a pump or valve the user must provide the supplier with details of the composition of the fluid to be handled including trace chemicals, the pH, the temperature, the solids content, and the flow rate. Nowadays most valve types can be made fire safe and are available in a range of common materials. Pumps have a wide area of application across many industries particularly heavy-duty process pumps that are used to transport products such as water, chemical, petroleum, wastewater, oil, slurry, sludge, and food.

 

Increasing use of pump and valves for transportation and on-going increasing drilling activities in oil and gas industry are the factors driving the growth of the pumps and valves market. In addition, rising demand for usage of artificial lifts for economical production of oil from wells and use of pumps in water and wastewater transport and treatment through disposal is anticipated to boost the growth of the pump and valves market. However, a slowdown in the exploration activities owing to the decline in the oil prices are likely to restrain the growth of the pump and valves market during the forecast period. Furthermore, increasing number of upcoming products for the transportation of oil and gas is projected to create lucrative growth opportunities for the key players in the pump and valves market. Among the geographies, the Middle East and Africa are likely to dominate the pump and valves market due to a number of upcoming oil exploration projects in this region. Moreover, Middle East Pumps and Valves Services presents an in-depth assessment of the pumps and valves services including enabling technologies. The increasing focus on energy-efficient equipment and the rising awareness is influencing the adoption of intelligent pumps is driving the growth in the Middle East regions. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global pump and valves market  but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global pump and valves market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1574

 

 

 

The recent report identified that Americas dominated the global pump and valves market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the pump and valves market worldwide.

 

The report segments the global pump and valves market based on Valve Type, Pump Type and Industry Verticals.

 

Global Pump and Valves Market by Valve Type

·         Needle Valve

·         Gate Valve

·         Ball Valve

·         Check Valve

 

Global Pump and Valves Market by Pump Type

·         Centrifugal Pumps

·          positive Displacement Pump

 

Global Pump and Valves Market by Industry Verticals

·         Power Generation

·         Oil & Gas

·         Metal & Mining

·         Agriculture

·         Building Services

·         Water & Wastewater

·         Others

 

Companies Profiled in the Report

·         Bentley Ltd

·         PERAR S.p.A

·         Sulzer Ltd

·         BuTech

·         FMC Technologies Inc

·         PetrolValves

·         Oliver Valves Ltd

·         Flowserve Corp.

·         Cameron

·         Oliver Valves Ltd

 

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