The latest report on Pump and Valves Market by Infinium Global Research gives complete coverage of the Pump and Valves Market by valve type (needle valve, gate valve, ball valve, check valve), pump type (centrifugal pumps), industry verticals (power generation, oil & gas, metal & mining, agriculture, building services, water & waste water) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Pump and Valves such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Increasing Use of Pump and Valves for Transportation and On-Going Increasing Drilling Activities in the Oil And Gas Industry are the Factors Driving the Growth of the Pumps And Valves
Pumps and valves are an essential part of automation. Pumps are responsible for maintaining the flow rate and pressure of the fluids required in specific industries, whereas valves are responsible for maintaining the operational performance of a facility. When selecting a pump or valve the user must provide the supplier with details of the composition of the fluid to be handled including trace chemicals, the pH, the temperature, the solids content, and the flow rate. Nowadays most valve types can be made fire safe and are available in a range of common materials. Pumps have a wide area of application across many industries particularly heavy-duty process pumps that are used to transport products such as water, chemical, petroleum, wastewater, oil, slurry, sludge, and food.
Increasing use of pump and valves for transportation and on-going increasing drilling activities in the oil and gas industry are the factors driving the growth of the pumps and valves market. In addition, rising demand for usage of artificial lifts for economical production of oil from wells and use of pumps in water and wastewater transport and treatment through disposal is anticipated to boost the growth of the pump and valves market.
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Growth Opportunities for the Key Players in the Pump and Valves Industry
However, a slowdown in the exploration activities owing to the decline in the oil prices are likely to restrain the growth of the pump and valves market during the forecast period. Furthermore, an increasing number of upcoming products for the transportation of oil and gas is projected to create lucrative growth opportunities for the key players in the pump and valves market.
Among the geographies, the Middle East and Africa are likely to dominate the pump and valves market due to a number of upcoming oil exploration projects in this region. Moreover, Middle East Pumps and Valves Services presents an in-depth assessment of the pumps and valves services including enabling technologies. The increasing focus on energy-efficient equipment and the rising awareness is influencing the adoption of intelligent pumps is driving the growth in the Middle East regions.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Pump and Valves.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.