Global Seawater Lift Pumps Market Set for Robust Growth Through 2033
The global Seawater Lift Pumps market is projected to witness significant expansion over the forecast period, driven by increasing demand from oil & gas, power generation, and marine industries. Seawater lift pumps are critical in transferring seawater for cooling, desalination, and industrial applications, making them an indispensable component in energy and marine operations. Rising industrialization, coupled with expanding offshore oil & gas activities, is further fueling market growth.The market was valued at USD 1.25 billion in 2023 and is anticipated to reach USD 2.12 billion by 2033, registering a CAGR of 5.3% during the forecast period.
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