Industrial Pump Rental Market Size to Grow by USD 1.50 million

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01 Jul, 2022, 10:05 ET

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NEW YORK, July 1, 2022 /PRNewswire/ -- Industrial Pump Rental Market Facts at a Glance-

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According to the recent market study by Technavio, the Industrial Pump Rental Market size is expected to increase by USD 1.50 million from 2020 to 2025, with an accelerated CAGR of 7.25%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

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Vendor Insights-

The industrial pump rental market is fragmented. Vendors are deploying growth strategies such as price, quality, technology, brand identity, and distribution to compete in the market. The key offerings of some of the major vendors are listed below:

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Regional Market Outlook

The industrial pump rental market share growth in APAC will be significant during the forecast period. China, India, Japan, and Australia are the key countries for the market in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The significant rise in the number of offshore and onshore oil and gas E&P activities and the growth in industrialization has led to high demand for water that will drive the industrial pump rental market growth in APAC during the forecast period.

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Latest Drivers & Trends Driving the Market-

Renting is a cost-efficient alternative to owning equipment, especially on a short-term basis. Factors such as flexible work delivery setup, professional services and consulting, timely service responses, and the availability of a wide range of products for fluid handling systems are the major benefits provided by pump rental service providers.

Vendors are focusing on new service delivery options to ensure the availability of pump rentals on time. They are providing real-time information about pump services through mobile apps, which helps in speeding up the delivery of pumps.

Find additional information about various other market Drivers & Trends mentioned in our sample report.

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Industrial Pump Rental Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.25%

Market growth 2021-2025

USD 1.50 million

Market structure

Fragmented

YoY growth (%)

7.00

Regional analysis

APAC, Europe, North America, MEA, South America, APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 42%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ashtead Group Plc, Franklin Electric Co. Inc., Holland Pump Co., KSB SE and Co. KGaA, Mersino Dewatering Inc., MWI Pumps, Selwood Ltd., Speedy Hire Plc, United Rentals Inc., and Xylem Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Market Segmentation by Type

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio