Overall, confidence in the equipment finance market is 51.7, an increase from the January index of 48.6.
pump market
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Forecasted 0.9% Expansion in Equipment and Software Investment and 1.6% GDP Growth as Recession Looms
A forecast of the end suction pump market in 2023.
The market is also expanded due to the development and availability of IoT-enabled pump controllers and as a result, consumer demand has increased.
Exploration activity has been up and down this year.
India expected to account for a third of global submersible pumps sales.
There is likely to be a reduced demand for pumps in certain segments until economic output returns
Many of these factors relate to the ongoing instability in various parts of Europe, but in today’s interconnected global economy, innumerable current events and trends can impact the marketplace.
Manufacturers are developing a larger role in creating, driving and selling intelligent pump systems.