Key Market Indicators
Hungary is set to become a major player in the world's pump market. Export is expected to reach 82 million kilograms by 2026, a 2.9% increase from the 2021 figure of 69 million kilograms. This increase is slightly higher than the 4.5% average year-on-year growth since 1997. In 2021, Italy was the top exporter, with 68.9 million kilograms, followed by the Netherlands, Germany and the United States. Import is also due to increase, from 32 million kilograms in 2021 to 39 million kilograms in 2026, a 3.5% average year-on-year growth since 1997. Italy was again the top importer in 2021 with 31.9 million kilograms, followed by the United States, Russia and South Africa.
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Industrial Dynamics: The Future of Liquid Pump and Elevator Market Expansion
Expansion in the liquid pump and elevator markets is predominantly driven by several key factors. Continual urbanization worldwide necessitates the extensive construction of multifarious infrastructures and buildings; these, in turn, fuel demand for advanced, more efficient liquid pump systems and elevators. Moreover, burgeoning industrial sectors – particularly in developing economies...
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Breast Pumps Market: Unveiling Growth Opportunities and Emerging Trends
Several dynamics fuel the expansion of the lactation aid sector. Increasing maternal employment, growing awareness about the benefits of breastfeeding, and technological advancements in breast pump design serve as primary market propellants. Moreover, various governments and international organizations are involved in initiatives to promote the use of breast pumps, which...
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Pump Industry Revolution: Unveiling the Global Trends in Metering Pumps Market
There are several key factors propelling the market for metering pumps. Foremost, there's an upsurge in demand due to process control and automation advancements within various industries, leading to increased efficiency and output. Secondly, environmental compliance pressures are also driving the need for accurate chemical dosing solutions, which metering pumps...
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Water Pumps: Unveiling Market Trends, Opportunities, and Competitive Landscapes in the Sector
The water pumps industry is displaying significant trends towards greater energy efficiency and digital integration. Regulatory bodies are setting the bar high with stringent efficiency standards, prompting manufacturers to advance their technological inputs. This is leading to a substantial shift towards Advanced Pumping Technologies. Simultaneously, the surge in Industrial IoT...
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Heavy-Duty Pumps: Navigating Future Trends, Applications, and Global Opportunities
The arena of industrial strength pump machinery is undergoing notable transformations with advancements in technology. Developments such as smart pumps connected to Industrial Internet of Things (IIoT) promise optimisation of predictive maintenance and energy usage, thus curbing operational costs. Simultaneously, the rising trend towards more sustainable operations is likely to...
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