According to a new report from Intel Market Research, the global Industrial Pumps market was valued at USD 68.09 billion in 2024 and is projected to reach USD 96.95 billion by 2034, exhibiting a steady CAGR of 5.3% during the forecast period (2025–2034). This growth is driven by increasing demand from key sectors like oil & gas, chemicals, water & wastewater treatment, and power...

Global Silicon Carbide (SiC) Mechanical Seal for High Speed (≥50 m/s) Pump Market size was valued at USD 312.4 million in 2025. The market is projected to grow from USD 338.6 million in 2026 to USD 643.2 million by 2034, exhibiting a CAGR of 7.4% during the forecast period. Silicon Carbide (SiC) mechanical seals are precision-engineered sealing components designed to prevent fluid leakage in...