Industrial Pump Market to Reach USD 107.6 Billion by 2031, Growing...

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2025-05-22 16:35:43 -

Industrial Pump Market to Reach USD 107.6 Billion by 2031, Growing at 4.9% CAGR

The global industrial pump market was valued at USD 66.7 billion in 2022 and is projected to reach USD 107.6 billion by 2031, expanding at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2031. This growth is driven by increasing demand across sectors such as water and wastewater treatment, oil and gas, chemical processing, and power generation, as industries continue to focus on...

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