API 610 and ISO 13709 Centrifugal Process Pumps Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The API 610 and ISO 13709 centrifugal process pumps market was valued at approximately USD 9.5 billion in 2022. The market is projected to experience a compound annual growth rate (CAGR) of 4.8% from 2023 to 2028, driven by increased industrial automation and growing demand for efficient and reliable pumping solutions across various sectors. The expanding oil and gas industry, coupled with advancements in chemical processing, contributes significantly to the market growth. Additionally, the rising emphasis on energy-efficient and low-maintenance pumps supports this upward trend.
Opportunity analysis reveals that emerging markets in Asia-Pacific and Latin America are poised to offer substantial growth prospects due to rapid industrialization and infrastructure development. The demand in these regions is fueled by investments in petrochemical and water treatment facilities, which necessitate robust and high-performance centrifugal pumps. Furthermore, technological innovations such as the integration of smart sensors and automation in pumps are anticipated to create new avenues for market expansion, catering to the evolving needs of the industry and enhancing operational efficiency.
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Flowserve
KSB
Sulzer
Ruhrpumpen
Trillium Flow Technologies
Sundyne
ITT Goulds Pumps
Pumpworks
Truflo Pumps
Inc.
Ebara Corporation
Kirloskar Pompen
Carver Pump
Sichuan Zigong Industrial Pump
Gruppo Aturia
V-FLO
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 API 610 and ISO 13709 Centrifugal Process Pumps Market
Oil and Gas
Chemical
Others
Based on Types the Market is categorized into Below types that held the largest API 610 and ISO 13709 Centrifugal Process Pumps market share In 2023.
Vertical
Horizontal
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 API 610 and ISO 13709 Centrifugal Process Pumps 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 API 610 and ISO 13709 Centrifugal Process Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global API 610 and ISO 13709 Centrifugal Process Pumps Market, By Type
6. Global API 610 and ISO 13709 Centrifugal Process Pumps Market, By Application
7. Global API 610 and ISO 13709 Centrifugal Process Pumps Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global API 610 and ISO 13709 Centrifugal Process Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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