Press release
Reciprocating Pumps Market - By 2023, the demand for oil is expected to reach 104.7 mb/d, up 6.9 mb/d from 2018, according to International Energy Agency (IEA). Moreover, China and India are likely to account for nearly 50% of the global oil demand by 202
Reciprocating Pumps Market
Reciprocating pumps are also being deployed for pumping fluid in wells at high pressure for fracking process and to transfer extracted oil and gas to the processing facility.
Reciprocating pump sales are also influenced by prevailing trends, including steadily growing adoption of smart pumping systems. Sensing the evolving trends, reciprocating pump manufacturers are focusing on integrating sensors in the pumps to capture various parameters including liquid levels, temperature, and pressure.
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Asia Pacific Largest Market for Reciprocating Pumps Market, followed by North America
The demand for reciprocating pumps is likely to grow significantly in the APEJ region, with total sales expected to surpass US$ 1,000 million by the end of 2018. China and India are among the most attractive markets for reciprocating pumps in APEJ.
Reciprocating pump sales in APEJ are likely to benefit from macroeconomic trends, notably growing investment in energy generation. The Government of India is adopting several policies to meet the increasing demand for oil and gas in the country. The gas pipeline infrastructure is also growing with the rise in manufacturing units and facilities in India. With the government allowing 100% FDI in natural gas, refineries, and petroleum products, foreign investors have started investing in refineries and petrochemicals projects in India.
Macroeconomic trends are also impacting market growth in the Americas. The growing demand from offshore and onshore fields in the Gulf of Mexico is creating opportunities for reciprocating pump industry. Moreover, growing emphasis on developing unconventional resources in the US and Canada is driving the demand for oil and gas pumps including reciprocating pumps in North America.
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The demand for plunger pumps is increasing in oilfield applications, especially, in petroleum transfer operations, in secondary and tertiary injection wells, and at refineries.
Growth in Chemicals Industry Accelerating Demand for Diaphragm Pumps
According to Fact.MR’s analysis, demand for diaphragm pumps are likely to remain the preferred choice among end-users owing to their enhanced features, such as flexibility and isolation of the fluid chamber. Fact.MR estimates global sales of diaphragm pumps to surpass 2,000,000 units by the end of 2018. Increasing production of aggressive chemicals is resulting in the surging demand for Air Operated Double Diaphragm (AODD) pumps.
Electric double diaphragm pump combining energy-saving benefits of electric device with the diaphragm pump technology has also been introduced for chemical pumping application. Large adoption of this technology is expected in the chemical sector in the near future as it helps in reducing operating cost and energy consumption.
The reciprocating pumps across industries are used and run at a very low speed as compared to the centrifugal pumps. The biggest reason is to protect and increase packing and sealing life of the machine. Manufacturers in various industries use reciprocating pumps with the flow rate of up to 100 m³/h thereby improving reliability and increasing plunger life.
The overall outlook of the reciprocating pumps market is anticipated to be positive. The demand for reciprocating pumps is expected to expand at a 5.6% CAGR in terms of value throughout the forecast period, 2018-2027.
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Table of Contents Covered in the report are:
1. Global Reciprocating Pumps Market - Executive Summary
1.1. Reciprocating Pumps Market- Opportunity Assessment
1.2. Wheel of Fortune Analysis
1.3. Fact.MR View Point
1.4. Summary
2. Global Reciprocating Pumps Market Overview
2.1. Introduction
2.1.1. Global Reciprocating Pumps Market Taxonomy
2.1.2. Global Reciprocating Pumps Market Definition
2.2. Global Reciprocating Pumps Market Dynamics
2.3. Global Reciprocating Pumps Market - Mega Trends
2.4. Macro-Economic Factors
2.5. Forecast Factors and Relevance of Impact
2.6. Supply Chain
2.7. Cost Structure
2.8. Pricing Analysis
2.9. Raw Material Sourcing Strategy and Analysis
2.10. List of Distributors
2.11. Key Participants Market Presence (Intensity Map) By Region
3. Global Reciprocating Pumps Market Analysis and Forecast 2013-2027
3.1. Global Reciprocating Pumps Market Size and Forecast By Type , 2013-2027
3.1.1. Piston Market Size and Forecast, 2013-2027
3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Plunger Market Size and Forecast, 2013-2027
3.1.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Diaphragm Market Size and Forecast, 2013-2027
3.1.3.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.2. Global Reciprocating Pumps Market Size and Forecast By Flow Rate , 2013-2027
3.2.1. Up to 100 m³/h Market Size and Forecast, 2013-2027
3.2.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.2.1.2. Market Share Comparison, By Region
3.2.1.3. Y-o-Y growth Comparison, By Region
3.2.2. 100 - 300 m³/h Market Size and Forecast, 2013-2027
3.2.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.2.2.2. Market Share Comparison, By Region
3.2.2.3. Y-o-Y growth Comparison, By Region
3.2.3. 300 - 800 m³/h Market Size and Forecast, 2013-2027
3.2.3.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.2.3.2. Market Share Comparison, By Region
3.2.3.3. Y-o-Y growth Comparison, By Region
3.2.4. Above 800 m³/h Market Size and Forecast, 2013-2027
3.2.4.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.2.4.2. Market Share Comparison, By Region
3.2.4.3. Y-o-Y growth Comparison, By Region
3.3. Global Reciprocating Pumps Market Size and Forecast By End Use Industry, 2013-2027
3.3.1. Oil & Gas Market Size and Forecast, 2013-2027
3.3.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.3.1.2. Market Share Comparison, By Region
3.3.1.3. Y-o-Y growth Comparison, By Region
3.3.2. Water Treatment Market Size and Forecast, 2013-2027
3.3.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.3.2.2. Market Share Comparison, By Region
3.3.2.3. Y-o-Y growth Comparison, By Region
3.3.3. Chemical Market Size and Forecast, 2013-2027
3.3.3.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.3.3.2. Market Share Comparison, By Region
3.3.3.3. Y-o-Y growth Comparison, By Region
3.3.4. Pharmaceutical Market Size and Forecast, 2013-2027
3.3.4.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.3.4.2. Market Share Comparison, By Region
3.3.4.3. Y-o-Y growth Comparison, By Region
3.3.5. Food & Beverages Market Size and Forecast, 2013-2027
3.3.5.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.3.5.2. Market Share Comparison, By Region
3.3.5.3. Y-o-Y growth Comparison, By Region
3.3.6. Others Market Size and Forecast, 2013-2027
3.3.6.1. Revenue (US$ Mn) & Volume Comparison, By Region
3.3.6.2. Market Share Comparison, By Region
3.3.6.3. Y-o-Y growth Comparison, By Region
4. North America Reciprocating Pumps Market Size and Forecast, 2013-2027
4.1. Revenue (US$ Mn) & Volume Comparison, By Country
4.2. Revenue (US$ Mn) & Volume Comparison, By Type
4.3. Revenue (US$ Mn) & Volume Comparison, By Flow Rate
4.4. Revenue (US$ Mn) & Volume Comparison, By End Use Industry
5. Latin America Reciprocating Pumps Market Size and Forecast, 2013-2027
5.1. Revenue (US$ Mn) & Volume Comparison, By Country
5.2. Revenue (US$ Mn) & Volume Comparison, By Type
5.3. Revenue (US$ Mn) & Volume Comparison, By Flow Rate
5.4. Revenue (US$ Mn) & Volume Comparison, By End Use Industry
6. Europe Reciprocating Pumps Market Size and Forecast, 2013-2027
6.1. Revenue (US$ Mn) & Volume Comparison, By Country
6.2. Revenue (US$ Mn) & Volume Comparison, By Type
6.3. Revenue (US$ Mn) & Volume Comparison, By Flow Rate
6.4. Revenue (US$ Mn) & Volume Comparison, By End Use Industry
7. Japan Reciprocating Pumps Market Size and Forecast, 2013-2027
7.1. Revenue (US$ Mn) & Volume Comparison, By Country
7.2. Revenue (US$ Mn) & Volume Comparison, By Type
7.3. Revenue (US$ Mn) & Volume Comparison, By Flow Rate
7.4. Revenue (US$ Mn) & Volume Comparison, By End Use Industry
8. APEJ Reciprocating Pumps Market Size and Forecast, 2013-2027
8.1. Revenue (US$ Mn) & Volume Comparison, By Country
8.2. Revenue (US$ Mn) & Volume Comparison, By Type
8.3. Revenue (US$ Mn) & Volume Comparison, By Flow Rate
8.4. Revenue (US$ Mn) & Volume Comparison, By End Use Industry
9. MEA Reciprocating Pumps Market Size and Forecast, 2013-2027
9.1. Revenue (US$ Mn) & Volume Comparison, By Country
9.2. Revenue (US$ Mn) & Volume Comparison, By Type
9.3. Revenue (US$ Mn) & Volume Comparison, By Flow Rate
9.4. Revenue (US$ Mn) & Volume Comparison, By End Use Industry
And Continue...
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