Industrial Pumps Market Segmented On The Basis Of Product, Application, Region And Forecast To 2027

San Francisco, 9 July 2020: The Report Industrial Pump Market Size, Share & Trends Analysis Report By Product (Centrifugal, Positive Displacement), By Application (Oil & Gas, Water & Wastewater, Power), And Segment Forecasts, 2020 – 2027

Industrial Pumps are generally used to move liquid through the desired amount of distance and with required speed. There are several types of pumps suited to different types of applications. The application mainly includes the type of fluid you desire to pump, the distance you desire to move the fluid, and the quantity you require to get over a particular time frame.

Types of Pumps

Pumps are classified mainly into two types –

• Dynamic Pumps
  • Rotodynamic pumps (or dynamic pumps)are a type of velocity pump in which kinetic energy is added to the fluid by increasing the flow velocity. This increase in energy is converted to a gain in potential energy (pressure) when the velocity is reduced prior to or as the flow exits the pump into the discharge pipe. And dynamic pumps are classified into different types but some of them are discussed below like Centrifugal, Vertical centrifugal, Horizontal centrifugal, Submersible, and Fire hydrant systems.
• Positive Displacement Pumps
  • A positive displacement pumpmakes a fluid move by trapping a fixed amount and forcing (displacing) that trapped volume into the discharge pipe. Some positive displacement pumps use an expanding cavity on the suction side and a decreasing cavity on the discharge side.

Also, Positive displacement pumps are classified into diaphragm pumps, gear pumps, peristaltic pumps, lobe pumps, and piston pumps.

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Recent Developments in Industrial Pumps Market

• Internet of Things (IoT) has gained access to multiple industries, revolutionizing those for the better; similar is the case of industrial pumps industries. Long Range Wide Area Network (LoRaWAN)is an LPWAN specification from the nonprofit IoT group LoRa Alliance for battery-operated devices that provides secure, bidirectional communications between remote sensors and centralized network servers.Availability of these public networks means that utilities do not need to operate their own networks and can use existing networks in a similar manner to current cellular service.
• Annovi Reverberi Group, the Italian manufacturerof diaphragm pumps for agriculture applications, high pressure washers and piston pumps for industrial applications, announced the acquisition of a 95% stake in Ace Pump Corp. (“Ace Pumps”), a U.S. manufacturer of pump solutions for agricultural and off-highway applications. Andy Randle, CEO of the company, will retain a 5% stake in Ace Pumps.
• SPX FLOW, Inc.announced that it has entered into a definitive agreement (the "purchase agreement") to sell a substantial portion of its former Power and Energy reportable segment ("the P&E business") to an affiliate of funds managed by Apollo Global Management, Inc. Under the agreement, the Apollo fund affiliate will purchase the P&E business in an all-cash transaction with an enterprise value of $475 million.
• With the advent of renewable technology, Industrial pumps got a big boost with the inclusion of Solar pumps. It has provided a strong push with increase in the efficiency, cost cut and profit margins, in addition with efforts to attain a sustainable environment.

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