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International Pump Marketplace Outlook 2024

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International Pump Marketplace Outlook 2024 | oxford economics

Contemporary Holidays 16 July 2024

Professional Products and Services Employees

oxford economics

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Pumps call in 2024: slow path to healing

The global pump market saw a slight recovery in 2023, with consumption growing 2.1% to US$59.3 billion. For 2024, we are going to see the market expand by 2.5%, which reflects a cautious optimism amid different financial conditions. However, there are still options to be explored.

2.5%

International Pump Intake Enlargement Forecast

6.2%

Pump intake increase forecast at Heart East

2.6%

Pump intake growth forecast in Europe

1.8%

Pump intake growth forecast in North America

GET A PATTERN OF THE 2024 INTERNATIONAL PUMP OUTLOOK FILE

Key findings of our file:

The international commercial process, which was a particularly rough strike in 2023, is predicted to increase in 2024. We estimate global growth in commercial processing to exceed 3% in 2025.
Some key pump feeding sectors like oil and fuel, chemicals, energy week and tools and equipment may have higher potential.
In contrast, the development sector, especially in residential agricultural land, is more likely to lag alternative sectors due to monetary problems for quality builders in China and high loan rates in the United States and alternative advanced countries. The metals business in the general trade sector may face additional difficult conditions due to reduced demand.
On a regional basis, the most powerful expansion may be in the Middle East. We estimate that pump intake within Heart East will increase by 6.2% in this future.

Get the complete 2024 International Pump Marketplace Outlook file

The 2024 International Pump Outlook, now in its 7th edition, provides a complete forecast of the global pump market, covering more than 70 countries, more than 30 end-use sectors and 5 pump divisions. This file identifies key expansion markets, potential laggards, and threats to the outlook.

Along with the PDF file, you will get access right to an interactive Tableau dashboard, which will allow you to visually navigate Insights and get charts and data. Additionally, experts on our business staff are available to answer any unclear questions you may have.

If you are interested in purchasing Complete Answers, please click the button below and fill out the method to contact a consultant.

skilled behind the analysis

This file has been prepared through the business staff of Oxford Economics, which is expert in analyzing and forecasting the efficiency of industries. They combine their skilled perception with our cutting-edge financial fashions and tools to answer our buyers’ most important questions. The top experts of the undertaking were:

jeremy leonard

Managing Director of International Trade Products and Services

Kiran Ahmed

Top Economists, Business Products and Services

francesco chirillo

Economist, Business Products and Services

This file is commissioned and supported through Europump and the Hydraulic Institute.

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