Pumps Market Share to Cross US$91bn by 2025: Global Market Insights, Inc.

SELBYVILLE, Del., April 4, 2019 /PRNewswire/ — The Pumps Market revenue is set to exceed from US$74 billion in 2018 to around US$91 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The global pumps market is mainly driven by an increase in fixed investment in developed countries and rapid industrialization in developing countries in Asia-Pacific, Latin America and parts of Eastern Europe. Spending in fixed investment makes it easy for manufacturers to upgrade and expand their manufacturing facilities, which involves the applications of pumps for several purposes. This trend of increasing fixed investment in developed countries is expected to continue and is anticipated to boost the global pumps market size during the forecast period.

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