High-Impact Companies Driving Transformation in Industrial Pumps Market
The global Industrial Pumps Market is on an upward growth trajectory as demand rises for efficient fluid handling systems across diverse industrial sectors. With a rising focus on energy efficiency, sustainability, and automation, industrial pumps are being increasingly adopted in sectors ranging from water and wastewater treatment to oil & gas, chemical processing, power generation, and pharmaceuticals. According to the research report published by Polaris Market Research, the global industrial pumps market was valued at USD 69.85 billion in 2021 and is expected to reach USD 120.28 billion by 2030, to grow at a CAGR of 6.3% during the forecast period. Market Overview Industrial pumps are mechanical devices used to move various fluids, including water, chemicals, petroleum, and wastewater. These systems are critical in enabling operational continuity in various sectors by ensuring smooth and safe transportation of fluids under controlled conditions....