National Policy Impact and R&D Leadership in the Industrial...

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2025-10-13 17:23:08

National Policy Impact and R&D Leadership in the Industrial Pumps Market: Country-Specific Analysis

The global industrial pumps market, valued at USD 45.19 billion in 2024, is expected to expand at a CAGR of 4.8% between 2025 and 2034, driven by increasing industrial automation and the demand for energy-efficient pumping solutions. By product type, centrifugal pumps dominate the market, capturing significant share due to their versatility across water treatment, chemical, and power generation...

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