Global Pumps Industry Outlook to 2025: The Future of Pumps in a Connected World
Share this article Share this article ResearchAndMarkets.com's offering. This study forecasts the future of the pumps industry amidst the onset of a new wave of digitalization and the Industrial Internet of Things (IIoT). The changing market conditions influenced by demand-supply shock, oil price volatility, political tension, and shift in customer preferences are making pump manufacturers revisit their value proposition. In a mature and fragmented industry like pumps where growth from pump equipment remains in the single digit, pump OEMs have started to observe a spike in demand for afterma...
Source: prnewswire.com