PUBLISHER: Market Research Future | PRODUCT CODE: 1549993
PUBLISHER: Market Research Future | PRODUCT CODE: 1549993
France Pumps Market Research Report Data by Product Type (Positive Displacement, Centrifugal and Others), by Application Type (agriculture, chemical, oil & gas, power generation, water & wastewater, construction & building services, and others) Forecast to 2032
Summary of the Market
Between 2023 and 2032, the France pumps market is predicted to grow notably. With a CAGR of 4.89% to USD 2,692.0 million by the end of 2032, the market was worth USD 1,709.8 million in 2022. People's growing knowledge of the advantages and features of the sector is driving demand in the sector. Pumps are used in a range of sectors, including oil and gas, chemical, and wastewater, therefore extending the market. Liquids-that is, fluids-are moved from one location to another using pumps. The growing acceptance of pumps by end-use industries opens opportunities for manufacturers to set themselves apart from the competitors. Obstacles to market growth include government and group enforced standards and rules as well as a lack of trained workforce.
Pumps are tools for transporting or communicating some medium. By adding energy into the system, a pump moves a liquid or gas from a low-pressure environment to one with a higher pressure, hence overcoming the pressure differential. Pumps have use in several different fields. Its uses span agriculture, oil and gas, chemicals, water and wastewater treatment, and many more. One can distinguish pumps as either positive displacement, centrifugal, or other. Pumps create a vacuum that is then used to push or pull gases or liquids. Though they operate in different ways, one thing all kinds of pumps have in common is their capacity to produce suction via varying pressure point creation.
Pumps are rather vital in many different fields as well as in daily life. In industry, pumps are used to move liquids or gases during manufacturing; in agriculture, they help irrigation and guarantee enough water for crops. Water pumps enhance the water supply in buildings and houses, therefore encouraging hygienic practices. Fuel pumps feed fuel to vehicles, therefore enabling seamless running of transportation systems. Moreover, pumps are vital in the medical field since they run dialysis equipment among other tools. Among the several sectors, including healthcare and agriculture, pumps find application.
Segmentation of Market
MRFR research indicates that the pumps market is split by product type and application. Positive displacement, centrifugal, and others define three product categories in the market. With its extensive usage in end-use sectors, the centrifugal category dominated (64.68%).
Applications type divide the France pumps market: agriculture, chemical, oil and gas, power generation, water and wastewater, construction and building services, and others. With a 31.64% share, the Water & Wastewater category topped the France pumps market thanks to growing industry usage for a range of purposes.
Leading rivals in the France Pumps market are KSB SE & Co. KGaA, Xylem, Flowserve Corporation, Pedrollo SpA, EBARA CORPORATION, The Weir Group PLC, SLB, Grundfos Holding A/S, DES MI A/S, and WILO SE.