Mechanical Diaphragm Pumps Market To Reach Billion-Dollar Mark By 2029

The ability of mechanical diaphragm pumps to transmit all types of fluids, such as viscous, corrosive, aggressive, and others, makes them the preferred choice for various processes among end-use industries, including oil & gas, mining, chemicals & petrochemicals, and food & beverages. As such, increasing demand from end-use industries is creating positive prospects for the growth of mechanical diaphragm pumps market. As per a new report published by Persistence Market Research (PMR), the mechanical diaphragm pumps market is projected to reach a valuation of around US$ 1 Bn by 2029 end, growing at a CAGR of 4% during 2019-2029.

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Artificial Intelligence would be the torchbearer of industrial automation in the next decade. The AI-related techniques are bound to lead not just the wave of technological advancements, but also prove to be economically relevant. This could be credited to powerful and flexible machine software. Also, in future, functional tests concerned with manufacturing equipment are likely to be performed by making use of comprehensive modes regarding virtual and simulation commissioning.

Production machines would thus be digitally fed, that too, with the “live” data all through the equipment’s lifecycle. Wireless protocols such as 5G would be the buzzword going forward. Persistence Market Research is there with the automation-oriented mindsets of its analysts and consultants followed by insights regarding the same.

Key Takeaways of Mechanical Diaphragm Pumps Market Study
• Need for metering applications, coupled with the ability to handle fluids of varying viscosities and chemical properties, is driving the demand for mechanical diaphragm pumps, globally.
• Countries such as India, China, South Africa, and Mexico are witnessing significant growth in end-use industries, and are projected to create robust growth opportunities for manufacturers in the mechanical diaphragm pumps market.
• Oil & gas, food & beverages, and water & wastewater are some of the end-use industries that are anticipated to create bulk of the demand for mechanical diaphragm pumps.
• PTFE, among diaphragm material types, is estimated to remain most preferred, owing to its superior coefficient of friction and corrosion resistance.
• Rising AODD pump adoption in a number of end-use industries is expected to pose significant challenges to the growth of mechanical diaphragm pumps market.

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Intensified and Fragmented Competition Landscape
The mechanical diaphragm pumps market is fragmented due to the presence of a large number of international and domestic manufacturers across the world. Some of the key manufacturers in the mechanical diaphragm pumps market include Grundfos, LEWA GmbH, Ingersoll-Rand Plc., Flowserve Corporation, Xylem Inc., SPX Flow, Inc., ABEL Pumps L. P., The Weir Group PLC, PSG (Dover Corporation), and ProMinent GmbH. These players are focusing on improving their market presence in emerging regional markets through the acquisition of local distributors and manufacturers.

Mechanical Diaphragm Pumps Market: Growth Prospective
Given their long lifespan and superior corrosive fluid handling capabilities, mechanical diaphragm pumps are anticipated to remain the go-to choice for a number of end-use consumers, especially for metering applications.

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This release was published on openPR.