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.
Key Market Players:
Prominent companies in this market...
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...
Africa Centrifugal Pump Market Recent Developments & Emerging Trends To 2032
New Revenue Pockets:
The Africa centrifugal pump market is expected to reach USD 936 million by 2032 from an estimated USD 568 million in 2022, at a CAGR of 5.1% from 2022 to 2032. Increasing focus on wastewater treatment infrastructures due to the water scarcity in the region is one of the primary driver accelerating the growth of the market. The waste water treatment is one of the key...