Risansi Industries

Pumps are responsible for the transportation and conveyance of liquids like oil, gas, water, and air for different applications. Key factors adding to the growth of the global pumps market include expanding energy utilization, consistent demand from end-users, continuous investment in R&D activities, and expanding center around renewable energy. The market for pumps is exceptionally competitive, inferable from the presence of a few huge players. The market is partitioned into five wide sections, which are additionally separated into sub-segments. These are oil pumps, gas pumps, and water pumps. The Asia-Pacific region is projected to register the fastest growth during the forecast period due to high demand from China, India, and South Korea. India stands out in terms of demand for industrial pumps in the Asia-Pacific region due to its development in various sectors which in turn leads to a growing economy. Market experts have anticipated that the industrial pump market in India...