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Grand View Research’s most recent comprehensive global study of the industrial pump market found that the size of the market will reach just short of 100 billion dollars by 2027, expanding at a CAGR of 5.9% over the period.
This trend stems from technological advancements that have resulted in increased efficiency and is likely to propel the adoption of industrial pumps.
Technology like MachineEdge from PeopleFlo and ZEDEDA.
Check out this article for an overview of MachineEdge, its abilities, and how it meets the challenges facing the pump market.