Global Pumps Market 2022
Pumps can be divided into two major types: positive displacement (PD) pump and centrifugal pump. PD pumps normally produce more pressure than centrifugal pumps, and they operate at a lower speed than the centrifugal, so PD seals tend to last longer than seals on a centrifugal pump. Centrifugal pumps tend to do well in high flow conditions. According to a report by StrategyHelix, the global pumps market is set to increase by US$ 8,174 million during 2022-2028, growing at a CAGR of 3.5% during the forecast period. The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the pumps market to help drive informed decision making for industry executives, policy makers, academic, and analysts.