Global Vertical Immersion Pumps Market Poised for Steady Growth Driven by Industrialization and Sustainability Trends
• Global vertical immersion pumps market valued at $4.08 billion in 2022, projected to grow at 5.19% CAGR through 2028 • Drivers include industrialization, infrastructure development, sustainability emphasis, oil & gas industry growth • North America and Europe to see high growth rates; Asia Pacific expected to lead market • Cantilever pumps dominate type segment; portable water supply leads application segment • Environmental regulations and policies shaping innovation and adoption of efficient, sustainable technologies