Industrial Pumps Market Size Is Anticipated To Reach At USD 88.43 Billion By 2025 : Grand View Research Inc.
San Francisco, 5 April 2019: The Report Industrial Pumps Market Analysis By Product (Centrifugal, Reciprocating, Rotary, Diaphragm), By Application (Oil & Gas, Chemicals, Construction, Power, Water & Wastewater Treatment), By Region (North America, Europe), And Segment Forecasts, 2018 – 2025 The global Industrial Pumps Market is expected to reach USD 88.43 billion by 2025, according to a new report by Grand View Research, Inc. Increasing product energy use pumps for the extraction and transport of oil and natural gas is expected to have a positive impact on the market per the next nine years. High crude oil prices will fuel the energy sector's revenue, thereby resulting in more demand for the product. Government of India has passed Petroleum Chemicals Petrochemicals Investment Region (PCPIR) policy intended for promoting FDI investments in oil & gas sector. This regulatory move is expected to result in increasing production of petrochemicals and polymers in