Fact.MR’s new report on mining pumps market offers an exhaustive coverage of the market growth and key factors pushing the sustained growth of the global market landscape. Significant upsurge in mining activities across the globe, driven by proactive investments, is likely to be responsible for the unabated rise in demand for mining pumps. Sales surpassed 3.5 million units by 2018-end.
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Oil Refining Pump Sales Increasing in Multiphase or Tri-Phase Pumping Application
The global demand for oil refining pumps is expected to surpass 3 million tons by 2019 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand.
Rotary Pumps Market Will Surpass US$ 4.4 Billion in 2018
Fact.MR’s latest study on rotary pumps market projects bullish growth for the market. The study finds a significant rise in adoption of rotary pumps in a wide range of industrial sectors including oil & gas, water & wastewater, mining, and power generation. On account of widening applications, the rotary pumps market is likely to witness 3.3% in 2018 to exceed US$ 4.4 billion.
Power Generation Pumps Market has 80% Concentration of Centrifugal Pumps
The power generation pumps market is likely to witness steady growth, with global demand expected to exceed 4,000,000 units by the end of 2018. The growth of the market is influenced by rising energy demand, especially in the developing regions. Integration of new technologies including sensors to monitor different parameters in the power generation pumps is also on a rise.
Oil & Gas Pump Sales at 9 Million in 2018
The oil & gas pumps market is likely to witness sluggish growth, with global demand surpassing 9,000,000 units by the end of 2018, according to a latest report by Fact.MR. Rising demand for oil and gas is resulting in the growing demand for equipment such as oil & gas pumps. End-users in oil and gas industries are demanding efficient oil & gas pumps to ensure smooth operation and meet stringent emission standards.
Surging Sales in APEJ to Push Reciprocating Pumps Market Revenues to US$ 4 Billion in 2018
Reciprocating pumps market is projected to witness a significant growth, according to a latest report by Fact.MR . The market growth is being influenced by rising demand for oil and gas worldwide, especially in the petrochemical industry. The growing oil and gas demand is creating substantial opportunities for a range of industrial goods, including reciprocating pumps.