888-776-0942 from 8 AM - 10 PM ET
Maturity of Old Oil Reserves to Offer Glycol Pumps US$ 123.7 Mn Market Opportunity by 2022
Fact.MR's in-depth analysis of the global glycol pumps market provides readers with a 360-degree view for the forecast period of 2022 to 2032. The study also reveals key information regarding future growth drivers, opportunities, and trends across multiple segments including type, capacity, operating pressure, pump type, and end-use industry across six major regions.
NEW YORK , June 28, 2022 /PRNewswire/ -- The global glycol pumps market size is expected to be valued at US$ 224.3 Mn in 2032 and exhibit a considerable growth at a CAGR of 6.1% in the forecast period (2022-2032). Increasing demand for industrial gear pumps, including glycol pumps in a wide range of industries, such as asphalt pouring and food processing is set to augment growth.
As per Fact.MR, sales in the global glycol pumps market are projected to reach US$ 123.7 Mn in 2022. The market stood at US$ 119.1 Mn in 2021. Surging usage of glycol pumps in the oil and gas industry for leaning or moving rich glycol from reboilers to the contractor is anticipated to drive the market.
Moreover, increasing demand for energy, coal bed methane, tight gas, and shale gas across the globe on the back of maturity of conventional oil & gas resources is likely to spur the sales. Subsequently, implementation of stringent regulatory frameworks in China and the Middle East to improve the production output of the domestic refining industry is another factor fueling the sales in the market.
For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7500
In addition to that, rising investment by government and private organizations in specialized reciprocating pumps to initiate complex refining processes is expected to accelerate growth. As current refining processes involve high pressures and temperatures, the requirement of state-of-the-art glycol pumps is surging as these can efficiently handle volatile fluids.
Presence of a robust infrastructure for processing oil in Saudi Arabia is another significant factor that is projected to foster growth. Besides, increasing usage of glycol pumps in the automotive industry as a heat transfer fluid, brake fluid, antifreeze agent, and hydraulic fluid would augment growth.
Get Report Customization As Per Your Requirements!
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7500
Leading players operating in the global glycol pumps market are focusing on mergers and acquisitions with local or international companies to co-develop novel products and gain a competitive edge.
Meanwhile, a few other key players are aiming to conduct research and development activities to introduce cutting-edge products to cater to the high demand from various industries across the globe.
Key Companies Profiled by Fact.MR
More Valuable Insights on Glycol Pumps Market
In the latest study, Fact.MR offers a detailed study on global glycol pumps market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of glycol pumps through detailed segmentation as follows:
Interested to Procure The Data? Inquire here
https://www.factmr.com/connectus/sample?flag=EB&rep_id=7500
Key Questions Covered in the Glycol Pumps Market Report
Explore Fact.MR's Coverage on the Industrial Goods Domain
Fuel Pump Driver Module Market: Increasing usage of fuel pump driver modules to maintain the optimum fuel delivery and pressure to the engine is set to drive growth. Urgent need to improve fuel efficiency in automobiles to reduce carbon emission in the atmosphere is another vital factor that is anticipated to augment growth.
Fabric Mesh for Industrial Dryer Market: As per Fact.MR, the global fabric mesh for industrial dryer market is likely to exceed USD 1.6 Mn in 2032 and showcase growth at a CAGR of 4.2% in the forecast period. Increasing investment in the textile industry worldwide is likely to push sales in the market.
Automated Industrial Door Market: Increasing focus of key companies on research and development activities to enhance their portfolio of automotive industrial doors is projected to bolster the market in future. Besides, high demand for factory automation in developed countries, such as Canada , the U.S., the U.K., and Germany is set to drive growth.
Crane Pumps Market Study: Asia-Pacific is expected to hold a major market share and witness a high growth rate in the crane pumps market over the forecast period, owing to the presence of growing economies such as China and India . North America and Europe , despite being matured markets, are pegged to witness slower growth in the crane pumps market over the forecast period.
Aircraft Pumps Market Forecast: Future market demand is dependent on rising preference for incorporating versatile aircraft fleet offering maximum capability and minimizing risks. Aircraft manufacturers are increasingly incorporating light material to reduce overall drag and improve operational efficiency. Thus, the sales of aircraft pumps are expected to exceed US$ 6 Bn by registering a CAGR of nearly 5% in the 2022-2032
Agricultural Pumps Market Research: Agricultural pumps market is creating lucrative opportunity for market participants to breach a high market share during the forecast period. The agricultural pumps market comprises huge local and global vendors.
U.S. Vacuum Pumps Market Share: The West U.S. vacuum pump market and South-East U.S. vacuum pump market hold 28.1% and 23.2% share, respectively, of the overall market. Both these regional markets are projected to expand 7.1% and 6.7% CAGRs during the forecast years.
Self-priming Pumps Market Report: The rising investment in water treatment plants in developing economies such as India , Brazil , Indonesia , Mexico , Malaysia , Turkey , Thailand and other gulf countries have driven the global self-priming pumps market. Currently, Europe and North America are leading the global self-priming pumps market.
Chemical Pumps Market Study: The most crucial markets that are researched in the chemical pumps market study include North America , Asia Pacific , Latin America , Europe , Middle East , and Africa . Europe is expected to continue to be a highly lucrative market for players in the chemical pumps industry.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making.
Mahendra Singh US Sales Office 11140 Rockville Pike Suite 400 Rockville , MD 20852 United States Tel: +1 (628) 251-1583 E: [email protected] Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET