Pumps and Valves Services Market was valued at USD 23.5 Billion in 2022 and is projected to reach USD 36.1 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The global pumps and valves services market was valued at approximately USD 80 billion in 2022, with a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is driven by increasing industrial automation and infrastructure development across various sectors, including oil and gas, water and wastewater management, and manufacturing. The market is anticipated to reach around USD 115 billion by 2030, reflecting the rising demand for advanced pumps and valves systems in critical applications such as fluid handling and pressure management. The ongoing advancements in technology and the push towards more efficient and durable solutions are significant factors contributing to this upward trend.
Emerging opportunities within the pumps and valves services market include the expansion of smart and IoT-enabled systems that offer enhanced monitoring and control capabilities. The growing emphasis on energy efficiency and sustainability is expected to drive demand for innovative solutions, further boosting market growth. Additionally, the rising need for maintenance and repair services due to aging infrastructure and increased industrial activity presents substantial opportunities for market players. Regions experiencing rapid industrialization, particularly in Asia-Pacific and Latin America, are projected to offer significant growth potential, positioning these areas as key markets for future investments and technological advancements in the sector.
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Flowserve
GE
KSB
Weir
Alfa Laval
Eaton
Gates
Grundfos
LEWA
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pumps and Valves Services Market
Oil and gas industry
Water and wastewater industry
Chemical and petrochemical industry
Power industry
Based on Types the Market is categorized into Below types that held the largest Pumps and Valves Services market share In 2023.
Pump services
Valves services
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pumps and Valves Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pumps and Valves Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pumps and Valves Services Market, By Type
6. Global Pumps and Valves Services Market, By Application
7. Global Pumps and Valves Services Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Pumps and Valves Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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