Pumps and Valves Services Market
Pumps and Valves Services Market by Type (Pump services, Valves services) by Application (Oil and gas industry, Water and wastewater industry, Chemical and petrochemical industry, Power industry) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
Research Methodology: Pumps and Valves Services Market by Type by Application by by Region – Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Pumps and Valves Services market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Pumps and Valves Services market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Pumps and Valves Services market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
Frequently Asked Questions
the global demand for Pumps and Valves Services
in terms of revenue?
The global Pumps and Valves Services valued at 5059 Million in 2020 and is expected to reach 6508.12Million in 2028 growing at a CAGR of 3.2%
are the prominent players
in the market?
The prominent players in the market are Franklin Electric, KSB, Gates, Alfa Laval, Flowserve, Wilo, Eaton, Weir, Lewis-Goetz, GE, North American hydraulics, Universal Plant Services, LEWA, Grundfos..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 3.2% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Pumps and Valves Services include
- The increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic is anticipated to augment the growth of the pumps and valves services market over the forecast period.
- The increasing demand from various economies in healthcare industry and increasing R&D investments in the pharma field is anticipated to fuel the growth of the pumps and valves services market.
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Pumps and Valves Services in 2020.