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The Global Pumps Market Is Projected To Grow With A CAGR Of 5.9% From 2021 to 2027

Research Methodology
Market Insight Solution uses both primary and secondary research tools and insights to present a comprehensive industry outlook. Industry Experts act as a great contributor to our analysis. In order to attain the best understanding of the product, we interview a panel of leaders from the specific industries for better technical knowledge and determine the driving factors responsible for at local and macroeconomic platform. Additionally, with secondary data, we analyze sales, annual profits, and contracts through the company s annual reports, sales reports, company websites, in-house databases, journal and statistical publications, and many other resources.
This Report Sheds Light On Some Significant Parameters Pertinent To The Market ....

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United States $8.74 Billion Industrial Pump Market Analysis & Forecast to 2027

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The U.S. industrial pump market size is expected to reach USD 8.74 billion by 2027 with the market projected to register a CAGR of 1.7%
Rising E&P activities in the country coupled with increasing crude oil production in both onshore and offshore oil fields is expected to boost the demand for industrial pumps over the forecast period.
Rising expectations of customers in the past few decades have led to increased spending by the end-user industries to improve the quality of industrial pumps along with installing advanced process control. This has further led to increased spending by the industrial pump manufacturers in the region in an attempt to improve energy efficiency which is likely to benefit the market growth. ....

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