Press release
Positive Displacement Pumps Market Size & Share, Business Opportunities, Regional Demand, Revenue and Key Manufacturers Forecast to 2028, Fortune Business Insights
The global positive displacement pumps (PDP) market size was USD 6.90 billion in 2019 and is projected to reach USD 11.25 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period.
Positive displacements pumps are widely used in applications across diverse industry verticals. They are primarily used to discharge the fluids that are trapped in the discharge pipe. They operate with the help of high pressure and density that moves the fluid within the discharge pipe. The increasing adoption of the product is attributable to the exceptional features that it possesses, specifically operational efficacies. Positive displacement pumps (PDP) are used in extraction of hydrocarbons. The surge in popularity of hydrocarbons and the massive efforts taken to maximize production and extraction of hydrocarbons will emerge in favor of the companies operating in the market. The integration of modern concepts and advanced solutions within these devices will contribute to the growth of the overall market in the forthcoming years.
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List of Key Companies Profiled in the Positive Displacement Pumps Market Research Report are:
The Weir Group PLC (Scotland)
Atlas Copco (Sweden)
GRUNDFOS (Denmark)
Flowserve Corporation (U.S.)
Sulzer (Switzerland)
Xylem (U.S.)
SPX FLOW, Inc. (U.S.)
Lakeside Equipment Corporation (U.S.)
Alfa Laval (Sweden)
Dover Corporation (U.S.)
Pentair (UK)
Tsurumi Pump (Japan)
Increasing Number of Product Launches Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The massive demand for hydrocarbons has led to an increase in energy harnessing and production activities across the world. Companies are looking to capitalize on this by introducing newer products to the market. In March 2019, Alfa Laval announced the launch of a new screw pump under its portfolio of hygienic pumps. The company introduced a new twin screw rotary pump, a production that is able to deliver optimum solids handling capacity. Additionally, the product will offer improved efficacy and performance as well as low suction. The company claims that the product is suitable to be used in diverse industry verticals including food and beverage, dairy, and personal care. Alfa Laval's latest product will have a positive impact on the growth of the overall market in the foreseeable future.
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Asia Pacific Likely to Emerge Leading; Increasing Hydrocarbon Exploration Activities Will Aid Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific is projected to account for the highest market share in the coming years. The increasing number of hydrocarbon exploration activities, owing to the excessive demand for energy and power, will aid the growth of the regional market. Besides, the need for sustainable energy management will also constitute an increase in the regional market size. The presence of several large scale companies in countries such as India, China, and Japan will favor the growth of the market in Asia Pacific. As of 2019, the market in Asia Pacific was worth USD 2.09 billion and this value is projected to increase further in the coming years. The market will witness stagnancy in 2019 and 2020 due to the emergence of Covid-19 pandemic and subsequent shutdown in production and manufacturing.
Industry Developments:
March 2019 - Alfa Laval announced the launch of a new twin-screw pump under its hygienic pump portfolio. The product can perform easy clean-in-place and fluid transfer operations.
Market Segmentation:
1. By Type
Reciprocating Pumps
Rotary Pumps
Peristaltic Pumps
2. By End-User
Water & Wastewater
Mining
Oil & Gas
Chemicals
Power Generation
Food & Beverage
Others
3. By Region
North America (U.S. and Canada)
Europe (UK, Germany, France, Italy, Russia, and Rest of Europe)
Asia Pacific (China, India, Japan, Australia, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
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Detailed Table of Content
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends - For Major Countries
Latest Technological Advancement
Regulatory Landscape
Industry SWOT Analysis
Porters Five Forces Analysis
Qualitative Analysis - Impact of COVID-19
Impact of COVID-19 on the Pump Industry
Steps Taken by the Government to Overcome the Impact
Key Developments in the Industry in Response to COVID-19
Potential Opportunities and Challenges due to COVID-19 Outbreak
Global Positive Displacement Pumps (PDP) Market Analysis (USD Billion), Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast - By Type
Reciprocating Pumps
Rotary Pumps
Peristaltic Pumps
Market Analysis, Insights and Forecast - By End-user
Water & Wastewater
Mining
Oil & Gas
Chemicals
Power Generation
Food & Beverage
Others
Market Analysis, Insights and Forecast - By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
TOC Continued....!!!
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