US Market Study on Sewage Pumps : To Experience Significant Growth During The Forecast Period 2017 - 2025
According to a new market report published by Transparency Market Research on the sewage pump market for the forecast period of 2019–2027, the global sewage pump market is expected to reach ~ US$ 16.9 Bn by 2027, expanding at a CAGR of ~ 7% from 2019 to 2027. In terms of volume, the global sewage pump market is expected to reach ~ 29 million units by 2027, at a CAGR of ~ 6% during the forecast period of 2019-2027. Asia Pacific held a prominent share of the sewage pump market in 2018. Globally, the construction industry is expanding in Asia Pacific, Europe, North America, and GCC. Residential construction is increasing with the rise in population. Rise in residential construction is increasing the number of wastewater treatment plants, which is increasing sewage pump sales. As per the World Bank, global manufacturing value added (MVA) has increased from US$ 12.3 trillion in 2016 to US$ 13.2 trillion in 2017, with a ...