The Global Pumps Market: Driving Innovation and Sustainability in 2025
The pumps industry is experiencing a transformative period of growth and technological advancement. By 2029, the global pumps market is projected to expand from USD 61.32 billion in 2024 to an impressive USD 79.01 billion, representing a steady compound annual growth rate (CAGR) of 5.2%.
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Pumps Market Size to Grow $79.01 billion by 2029 Key Drivers And Analysis – Grundfos Holding A/S
According to a research report, Pumps Market is highly gaining growth. Estimated to be at USD 61.32 billion in the year 2024, it may reach USD 79.01 billion during 2029 with a robust CAGR of about 5.2% over the projected period. The significant factors driving the global pumps market are rapid industrialization, urbanization, and infrastructure development, especially in emerging markets like Asia-Pacific...