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Petrochemical Pumps Market Share

Report ID: GMI10130
Published Date: Jul 2024
Report Format: PDF

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Petrochemical Pumps Market Share

Petrochemical Pumps Company Market Share Analysis, 2023

In 2023, market players, such as Flowserve Corporation, KSB SE & Co. KGaA, Sulzer Ltd., collectively held around 15% - 20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions and facility expansions & collaborations, to diversify the product portfolios, expand the customer base, and strengthen its market position.

Petrochemical Pumps Market Companies

Major players operating in the petrochemical pumps industry are:

Carver Pump
Ebara Corporation
Flowserve
Grundfos
Hayward Gordon
HERMETIC Pumpen
IDEX
ITT Goulds Pumps
KSB
PSG Dover
Ruhrpumpen
SPP Pumps
Sulzer
Sundyne
Truflo Pumps
Xylem

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of petrochemical pumps was worth over USD 3.17 billion in 2023 and will register a 4.5% CAGR between 2024 and 2032 due to increasing demand for petrochemical products.

The centrifugal pumps segment was reached USD 1.73 billion in 2023, driven by their versatility and efficiency in handling various petrochemical fluids.

Asia Pacific petrochemical pumps industry size surpassed USD 1.11 billion in 2023, attributed to the region's expanding chemical manufacturing and refining sectors.

Companies including Flowserve, Grundfos, Hayward Gordon, HERMETIC Pumpen, IDEX, ITT Goulds Pumps, KSB, PSG Dover, Ruhrpumpen, SPP Pumps, Sulzer, Sundyne, Truflo Pumps, and Xylem, are operating in the petrochemical pumps industry.