Press release
General Industrial Applications Contributes 42% of Market Revenue in Global Sales of Rotary Pumps
The market for rotary pumps is anticipated to grow at a CAGR of 5.3 percent from 2022 to 2032, reaching a value of USD 11.2 billion.Rotary pumps have long been in high demand due to their ability to pump gases and liquids without experiencing any head loss. As a result, these pumps are the top option for industries looking for affordable, sustainable pumps. As stated in the scenario above, the global rotary pump market has expanded at a rate of 1.4X over the past five years.
The need for a pump that can operate effectively at high differential pressure and pump high-viscosity fluids in compact designs started to increase with the development of industrial operations. As a result, there is a growing demand for low-cost rotary pumps, which is anticipated to increase manufacturers' profits over the next ten years.
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The Internet of Things (IoT) and Industry 4.0 are two advanced technologies that are rapidly gaining traction in the field of industrial automation.
The development of high-efficiency, low-cost pumps is a goal for pump manufacturers as they seek to capitalise on the expanding significance of cutting-edge technology in the industrial sectors.
A UK-based company that specialises in water treatment, Pentair plc, recently unveiled energy-efficient pool pumps that are connected to cutting-edge connected technologies that could automate tasks like heating, filtering, moving, and sterilising pool water.
In order to take advantage of the rotary pumps' cost-effective features and boost profitable sales in India, China, and other high-potential regions, players in the rotary pump market are moving production facilities to Asia, where labour costs are lower.
The most lucrative markets for rotary pumps are China and India, and it is expected that they will continue to rule this market, which currently makes up 23% of the overall market share.
Key Takeaways:
• By 2032, East Asia's demand for rotary pumps will increase at a CAGR of 5.8%.
• Industrial segment will account for about 51% of the market's overall valuation by application.
• In 2022, the global market for rotary pumps will account for 9% of the market for industrial pumps worldwide.
• Participants in the rotary pump market will be encouraged to expand into developing nations as a result of rising industrialization trends in emerging economies, which will offer more alluring opportunities.
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Competitive Landscape
The global rotary pump market is extremely fragmented and competitive due to the large number of local and regional players. Key players employ a range of marketing strategies, such as partnerships, expansions, mergers and acquisitions, and collaborations.
Leading companies also use the development of new products as a tactical means of enhancing their consumer market presence. These efforts have led to the use of sophisticated rotary pumps.
For instance,
• In order to advance its core technologies and consider future markets, Gardner Denver Holdings Inc., a significant supplier of flow control and compression equipment, recently acquired DV Systems, a Canadian manufacturer of compressed air systems. Earlier this year, the business paid about USD 93 million to acquire Runtech Systems, a significant player in the pulp and paper sector.
Key Companies Profiled by Fact.MR are:
• Xylem Inc.
• Flowserve Corporation
• KSB SE & Co. KGaA
• HMS Group
• Pentair Ltd.
• SPX Flow
• Dover Corporation
• Alfa Laval
• Gardner Denver Inc.
• IDEX Corporation
• ITT Inc.
• Roper Technologies Inc.
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Global Rotary Pumps Market by Category
• By Product Type :
• Gear
• Vane
• Screw
• Lobe
• Progressive Cavity Pumps
• Piston
• Peristaltic
• By Capacity :
• Small (Up to 500 gpm)
• Medium (500-1,000 gpm)
• High (More than 1,000 gpm)
• By End-Use Application :
o Oil, Gas & Refining
• Oil & Gas Onshore
• Oil & Gas Offshore
• Oil Refining
o Chemical
• Chemicals-Basic
• Chemicals-Downstream
o Water & Wastewater
• Industrial
• Municipal
o General Industry
• Pulp & Paper
• Metal Manufacturing
• Food & Beverage
• Pharmaceuticals
• Shipbuilding
• Mining
• Harbor, Docks& Canals
• Building Services
• Construction Dewatering
• Domestic/Residential Building
o Power Generation
• Power-Coal Oil
• Power-Combined Cycle Gas
• Power-Hydroelectric
• Power-Nuclear
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