Global Sealless Pumps market will reach 4032.85 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/6

In the recent decade, increasing awareness regarding environment and its safety and maintenance has made fluid leakage a major concern in chemical processing plants and municipal wastewater facilities. This has augmented the demand for sealless pumps at a significant rate. Growing population and increasing demand for water in the agricultural sector is expected to fuel the growth of the market over the forecast period. Growth of construction and infrastructure activities across the globe is also expected to drive the demand for sealless pumps. Mounting investments for desalination plants around the world is projected to create lucrative growth opportunities for the sealless pumps in the market in the forecast period.

According to the report, the global sealless pumps market is estimated to be worth US$4032.85 mn by the end of 2025 from US$3016.30 mn in the year 2018. The market is likely to register moderate CAGR of 4.35% between 2019 and 2025.

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