What's New for 2022?

» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Global Industrial Pump Rentals Market to Reach $5.7 Million by 2027
In the changed post COVID-19 business landscape, the global market for Industrial Pump Rentals estimated at US$3.8 Million in the year 2020, is projected to reach a revised size of US$5.7 Million by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027. Industrial, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$3.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water Utility segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1 Million, While China is Forecast to Grow at 9.4% CAGR
The Industrial Pump Rentals market in the U.S. is estimated at US$1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Million by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$769.5 Thousand by the year 2027.

Other End-Uses Segment to Record 5% CAGR
In the global Other End-Uses segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$502.9 Thousand in the year 2020 will reach a projected size of US$689 Thousand by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.1% CAGR through the analysis period.