The Global Pumps Market Is Estimated To Grow Around 3.5%

The global pump market is expected to record a modest growth rate of approximately 3.5% between 2019 and 2028. Increasing end-user acceptance of pumps for a variety of applications is expected to drive demand for pumps worldwide. Increasing public and private spending on modern water infrastructure is driving the growth of the global pump market. Countries are building state-of-the-art flood protection systems in flood-prone areas, and demand for pumps is expected to skyrocket.