Positive Displacement Pumps Market 2021: Key Players – KSB AG, Ruhrpumpen Group, Flowserve Corporation, Dover Corporation, Sulzer AG
global positive displacement pumps market is estimated to be valued at US$ 2,658.7 million in 2021 and is expected to exhibit a CAGR of 4.9% over the forecast period (2021-2028).
Positive displacement pumps also referred to as “constant-volume pumps” have been used conventionally for injection and transfer of liquid or gaseous media from source to destination junctions. These pumps offer high-pressure development capability from low operating suction pressures. The positive displacement pumps have their major scope of application in the industrial process as well as operations that are involved in the energy and utility sectors. These types of pumps are used in oil & gas, power generation, water & wastewater, and chemical sector.
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This report includes information on the industry's market growth as well as key segmentation variables that help the global Positive Displacement Pumps Market prosper in today's environment. The report also emphasises the importance of regional classification in the global Positive Displacement Pumps Market. Due to growing demand, the worldwide Positive Displacement Pumps Market will eventually create more revenue and have a higher market size than the previous projected period.
Major Key players in this Market:
· KSB AG
· Ruhrpumpen Group
· Flowserve Corporation
· Dover Corporation
· Sulzer AG
· Xylem Inc.
· WILO SE
· Ebara Corporation
· The Weir Group plc.
Drivers & Trends
The market forecasts in the Positive Displacement Pumps industry are based on established research and assumptions based on current drivers and trends. As a result, the research report serves as a repository of analysis and data for every aspect of the market, including applications, SWOT analysis, future potential, new developments, and more. To acquire a firm grasp on the total market, several possible growth factors and hazards are assessed.
The Positive Displacement Pumps market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.
Method of Research
The purpose of this section's research is to examine the Positive Displacement Pumps market over the course of the review period using several validated metrics based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasising the market's primary strengths and weaknesses as it progresses. Furthermore, the study was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases. Beyond important points in the industry's value chain, the study includes a complete qualitative and quantitative assessment based on data gathered from industry analysts and market players.
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· The global positive displacement pumps market was valued at US$ 2,576.3 Mn in 2020 and is forecast to reach a value of US$ 3,718.2 Mn by 2028 at a CAGR of 9% between 2021 and 2028. This is owing to growing need for wastewater treatment from the refining, chemical and pharmaceutical industries.
· The Oil & Gas segment was valued at US$ 2 Mn in 2020 and is expected to witness a CAGR of 5.2% over the forecast period. This is owing to improved and advanced extraction and exploration activities such as horizontal drilling and others in the oil and gas sector.
Global Positive Displacement Pumps Market: Recent Developments
· In September 2020, Blackmer, part of PSG, a Dover company, and a global leader in specialty pumps and reciprocating compressor technologies, launched its new MAGNES Series Sliding Vane Magnetic Drive Pumps. The pumps represent the latest advancement in seal-less magnetic drive technology. MAGNES Series pumps are positive displacement rotary vane pumps that use a magnetic drive without dynamic seals, providing a leak-free pumping solution.
· In May 2021, Verder Group, a Dutch family-owned business specializing in the manufacture and distribution of pumps and laboratory equipment, acquired Jabsco rotary lobe positive displacement pump line from Xylem Inc. The acquisition strengthens Verder Group’s position in hygienic pumps for pharmaceutical and food and beverage applications.
· In June 2021, Ingersoll Rand Inc. entered into an agreement to buy the German positive displacement pump manufacturer Seepex GmbH.
Mr. Raj Shah
US +12067016702 / UK +4402081334027
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