Pumps Market Dynamics: Competitive Landscape, Trends, and Future...

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2025-05-23 06:48:56 -

Pumps Market Dynamics: Competitive Landscape, Trends, and Future Prospects

The global pumps market was valued at USD 57.66 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030. Pumps are vital devices used for two primary functions: to increase the pressure of fluids and to move them at a higher flow rate. These functions are critical in numerous industries. For example, in sectors like oil and gas...

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