North America Pumps Market – Industry Overview and Regional Forecast
North America Pumps Market Analysis: The pumps market in North America has experienced steady growth, driven by increasing industrial activities and infrastructure development. With a robust economy and technological advancements, the demand for pumps across various sectors like oil & gas, water & wastewater, and manufacturing continues to rise. The market size reflects this upward trend, showcasing significant investments in energy-efficient and environmentally friendly pump solutions. Additionally, stringent regulations regarding energy consumption and environmental impact drive innovation and adoption of efficient pumping systems, contributing to market expansion. Pumps Market is expected to be worth more than USD 66.1 billion by 2030, growing at a CAGR of 4.70%. The importance of the Pumps is increased by rising investments in infrastructure improvements and other crucial tasks like electricity generating and wastewater treatment. Additionally, the...