Rockville, MD -- (SBWIRE) -- 07/08/2019 -- The "Rotary Pumps market Forecast, Trend Analysis, and Competition Tracking – Global Review 2018-2028" is a research report published by Fact.MR that concentrates on the important growth avenues for stakeholders in the rotary pumps market. The market report provides a comprehensive assessment of the factors and key market dynamics that impact the development of rotary pumps market. The report features the information concluded by analyzing facts and numbers obtained through an extensive market research, which are justified by a set of industry-validated information on Rotary pumps market. This is the latest report on rotary pumps market published by Fact.MR that reveals qualitative as well as quantitative information to explain the most accurate growth prospects of the market.
Fact.MR's latest study on rotary pumps market projects bullish growth for rotary pumps market. The study finds a significant rise in adoption of rotary pumps in a wide range of industrial sectors including oil & gas, water & wastewater, mining, and power generation. On account of widening applications, the rotary pumps market is likely to witness 3.3% in 2018 to exceed US$ 4.4 billion.
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Growing Preference for Rotary Pumps in Versatile Industrial Application Triggers Market Growth
Rotary pumps are a popular type of positive displacement pumps among end-users from a wide range of industrial sectors, such as water & wastewater, power generation, chemical, and oil & gas. Owing to the extraordinary design benefits, rotary pumps present one of the most versatile pumping solution that can handle high viscosity fluids in a vast range of industrial applications.
Furthermore, it can pump liquids at high temperatures and liquids with gas or vapor contents more efficiently than any other type of pumps, which further expands the range of applications of rotary pumps. Manufacturers in the rotary pumps market are promoting the unique performance characteristics of rotary pumps to expand sales across various industrial territories.
In order to provide all the important insights and detailed information about the rotary pumps market in the most comprehensible manner, the Fact.MR report divides the rotary pumps market into its five broad sub-segments – rotary pump capacity, product types, applications, rotary pump characteristics, and regions.
Stressed Oil & Gas Industry may Cause a Plunge in Sales of Rotary Pumps
The oil price collapse and declining levels of petroleum and natural gas exports are impeding growth of the oil & gas industry. The oil price crash is leading to upset the global economy, making a severe impact on oil & gas market player. Additionally, it has a major share in causing a sharp decline in demand for rotary pumps in oil & gas industrial applications, as rotary pumps are among the most sought-after types of pumps used to handle fuel oils and natural gas. Manufacturers in the rotary pumps market are likely to shift their focus on capturing sales opportunities in other application industries as declining oil & gas industry is restricting developments in the rotary pumps market.
The leading players in the rotary pumps market that have been mentioned in the report include Xylem, Flowserve Corporation, KSB SE & Co. KGaA, HMS Group, Pentair Ltd., SPX Flow, Inc., Dover Corporation, Alfa Laval, Gardner Denver, Inc., IDEX Corporation, ITT, Inc., and Roper Technologies Inc.
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