Closed Impeller Pump Market, Dynamics, Trends, Market Insights

The closed impeller pump market is projected to grow from USD 22.29 billion in 2020 to USD 47.05 billion at a CAGR of around 9.8% by 2026 at a during the forecast period.
Increasing demand and adoption of closed impeller pumps in the metallurgy sector is likely to drive the growth of the closed impeller pump at a significant rate during the review period.
The growth of the closed impeller pump market is primarily driven by the growing number of water treatment facilities which is coupled with the increasing awareness towards clean and hygienic water supply by the governments and the consumers. Thus, an increase in water treatment facilities is expected to boost the market in the forecast period.