Projected Growth of $10.9 Billion: Oil and Gas Pumps Industry Milestones by 2028
The global oil and gas pumps industry is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. The rise in infrastructural development, global economic growth, and rise in exploration of new oil fields, accelerates the growth of the oil and gas pumps market.
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Oil and Gas Pumps Industry Growth Opportunities, 2028
The global oil and gas pumps industry is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. The rise in infrastructural development, global economic growth, and rise in exploration of new oil fields, accelerates the growth of the oil and gas pumps market.
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Centrifugal Pump Market Will Generate Massive Revenue In Future 2023-2028
The growing power demand requires power plants to expand their generation capacity, resulting in an increased need for centrifugal pumps in these facilities. Additionally, centrifugal pumps are extensively utilized in wastewater treatment, as well as the chemicals and petrochemicals sectors.
According to the global centrifugal pump market is estimated to grow from USD 39.7 billion in 2023 to USD...
Centrifugal Pump Market Size, Share and Growth Analysis For 2023-2028
Global Centrifugal Pump Market Overview:
The global centrifugal pump market is estimated to grow from USD 39.7 billion in 2023 to USD 51.5 billion by 2028, at a CAGR of 5.4% during the forecast period. The requirement for desalination and water treatment has also contributed to the growth opportunities for centrifugal pump manufacturers. Desalination plants rely on centrifugal pumps for seawater...