Albany, NY -- (SBWIRE) -- 09/17/2017 -- The pumps and valves services market in North America to grow at a CAGR of 4.56% during the period 2017-2021.

The pumps and valves segment has contributed significantly toward the growth of economies around the world as it directly influences the productivity of the core sectors. All core sectors require valves for the growth of capacities, maintenance, and restoration of plants. The demand for control and self-operating valves is rising due to factory automation. With the increase in investment in the field of infrastructure, oil and gas, manufacturing and technologies; rise in urbanization, and the growth of small-scale industries, the market for pumps and valves will witness an upsurge in the near future.

Covered in this report

The report covers the present scenario and the growth prospects of the pumps and valves services market in North America for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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The market is divided into the following segments based on countries in North America:
US
Canada
Mexico

Technavio's report, Pumps and Valves Services Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Franklin Electric
Wilo
Universal Plant Services
North American hydraulics
Lewis-Goetz

Other prominent vendors
AR North America
North American Pump
HERMETIC-Pumps
Schaeffler Group
AMERICAN VALVE
HAWE Hydraulik
SAMSON Controls
Professional Valve Service
GEA

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Market driver
Expansion of the oil and gas industry in North America
For a full, detailed list, view our report

Market challenge
In-house maintenance teams in the end-user industries
For a full, detailed list, view our report

Market trend
Role of IIoT and big data in pumps and valves diagnostics
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?