Positive Displacement Pumps Market Outlook
According to a new report by Expert Market Research titled, “Positive Displacement Pumps Market Size, Share, Analysis, Report and Forecast 2023-2028″, the global positive displacement pumps market reached a value of almost USD 13.23 billion in 2022. Aided by growing utilisation of positive displacement pumps in wastewater treatment facilities and rapid industrialisation, the market is projected to further grow at a CAGR of 4.80% between 2023 and 2028 to reach a value of around USD 17.53 billion by 2028.
Positive displacement pumps, with their unique characteristic of allowing fluid to move by trapping a fixed amount and forcing the discharge, have become an indispensable tool across various sectors. Known for their efficiency in handling highly viscous liquids, these pumps play an integral role in a myriad of applications ranging from delivering fuel in engines to the transfer of thick syrups in food processing.
One of the critical drivers boosting the positive displacement pumps market growth is their extensive application in the oil and gas industry. With the world’s ever-growing energy needs, the demand for consistent and efficient oil extraction and refining processes has risen. The positive displacement pumps, with their ability to maintain steady flow rates irrespective of the backpressure, serve as an ideal fit for these operations, thereby boosting their market demand.
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Increasing adoption of these pumps in wastewater treatment plants is also contributing to the growing positive displacement pumps market size. Urbanisation, combined with industrial growth, has enhanced the need for efficient water treatment solutions. Positive displacement pumps, owing to their precise metering capabilities, have thus become a primary choice for dosing and chemical treatment in these plants.
Furthermore, the food and beverage industry’s consistent evolution adds another dimension to the positive displacement pumps market demand. As the sector ventures into the production of thicker liquids and pastes, like chocolate, sauces, and jams, the need for pumps capable of handling such viscosities has grown. Positive displacement pumps, with their unique design and efficiency, aptly fulfil this demand, strengthening their position in the industry.
The positive displacement pumps analysis highlights the role of technological advancements in enhancing pump designs, improving efficiency, and reducing maintenance costs. Modern positive displacement pumps now come with advanced sealing techniques, reducing leakages and ensuring safer operations, particularly in critical applications such as chemical processing or hydrocarbon transfers.
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Positive Displacement Pumps Market Segmentation
The market can be divided based on product type, capacity, pump characteristics, raw material, end use industry, and region.
Market Breakup by Product Type
- Rotary Pumps
- Vane
- Screw
- Lobe
- Gear
- Progressing Cavity (PC)
- Others
- Reciprocating Pumps
- Piston
- Diaphragm
- Plunger
- Others
- Peristaltic
- Others
Market Breakup by Capacity
- Low Capacity Pumps
- Medium Capacity Pumps
- High Capacity Pumps
Market Breakup by Pump Characteristics
- Standard Pumps
- Engineered Pumps
- Special Purpose Pumps
Market Breakup by Raw Material
- Bronze
- Cast Iron
- Polycarbonate
- Stainless Steel
- Others
Market Breakup by End Use Industry
- Oil and Gas
- Water and Wastewater
- Automotive
- Chemicals and Petrochemicals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global positive displacement pumps market. Some of the major players explored in the report by Expert Market Research are as follows:
- Flowserve Corporation
- Grundfos Pumps Pty. Ltd
- ITT Inc.
- KSB SE & Co. KGaA
- ALFA Laval
- Schlumberger Limited.
- Others
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