The global sea water pumps market size reached around US$ 1.3 Bn in 2022.
China has emerged as one of the most lucrative markets for sea water pumps during the last few years. The market in the country is driven by the flourishing seaborne trade sector, rise in ship building activities and heavy presence of leading market players. Amid rising adoption of sea water pumps for diverse applications, APEJ is expected to account for 46.9% of the global market, led by China in 2022.
The global sea water pumps market is estimated to be valued at US$ 1.3 Bn in 2022, increasing at a CAGR of 4.3% from 2022 and 2028. Growth is also being driven by the need to replace old sea water pumps and innovation in pump technology.
Sea water pumps are large, powerful pumps that are used to transfer or circulate sea water in a variety of applications. They are increasingly being used in ship water cooling systems, desalination plants, and oil refineries.
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Key Takeaways of Sea Water Pumps Market Study
“Sea water pumps are utilized in a variety of applications, ranging from ship building to desalination plants. Each of the applications has a different requirement, and therefore, enterprises are developing products as per specific demand.”
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Sea Water Pumps Market by Category
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Sea Water Pumps Market Growth , Sea Water Pumps Market Demand , Sea Water Pumps Market Analysis
Dec 12, 2022