Industrial Pumps Market Estimated At USD 81.87 Billion By 2028
San Francisco, 6 Dec 2021: The Report Industrial Pumps Market Size, Share & Trends Analysis Report By Product (Centrifugal, Positive Displacement), By Application (Water & Wastewater, Construction), By Region, And Segment Forecasts, 2021 - 2028 The global industrial pumps market size is expected to reach USD 81.87 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2021 to 2028. Rising product demand from the water and wastewater, oil and gas, and chemical industries on account of the rapid population growth and industrialization across the globe is anticipated to drive the market. Rapid technological advancements have resulted in augmenting the reliability of the pumps, enhancing basic process tasks, and providing a long-term reduction in everyday operating processes. These rising advancements have also resulted in the reduced energy consumption, enhanced pump performance, and reliability, thereby augmenti