Industrial Pump Market Valuation to Surpass US$ 113.5 Billion by 2034: Future Market Insights, Inc. [Yahoo! Finance]
Xylem Inc. New (XYL)
Last xylem inc. new earnings: 2/6 06:50 am
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Source: Yahoo! Finance
Forecasts suggest that the market within the United States is poised to maintain its strong growth trajectory, with an anticipated annual growth rate of 5.4% continuing until the year 2034. NEWARK, Del, April 15, 2024 (GLOBE NEWSWIRE) -- The global industrial pump market is expected to develop with a projected CAGR of 5.3% through 2034. In 2024, the market is expected to cross a valuation of US$ 68.0 billion, and by 2034, it is estimated to touch US$ 113.5 billion. The key drivers behind this growth include industrialization in developing economies, stringent wastewater treatment regulations, and advancements in pump technology. Various sectors, including manufacturing, construction, mining, and oil and gas, drive the demand for pumps. Efficiency, reliability, and customization are the key factors that are emphasized in these sectors. Manufacturers are expanding their sales globally by capitalizing on emerging markets and advanced pump technologies, such as energy-efficient pump
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News
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XYL
Earnings
- 2/6/24 - Beat
XYL
Sec Filings
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- 3/11/24 - Form 144
- XYL's page on the SEC website