Global Glycol Pumps Market Is Expected To Grow At US$ 224.3 Million By 2032

According to the recently published report by Fact.MR, a market research and competitive intelligence provider, the global glycol pumps market is estimated to reach as valuation of US$ 224.3 million by 2032 while expanding at an impressive CAGR of 6.1% during the forecast years of 2022-2032. assessment period owing to remarkable potential in the market.

Industrial use of glycol due to its versatile chemical compatibility is one of the primary drivers for the growth of the market. Glycol is inexpensive, and being inert makes it compatible with cheaper materials such as cast iron. Pumps are utilised in a variety of industries, while the need for specialty pumps is rising to facilitate the use of chemical compounds. The relatively low specific gravity and viscosity of glycol makes it compatible with pumps.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/connectus/sample?flag=S&rep_id=7500

Key Industry Insights & Findings from the report:

• The global glycol pumps market is projected to expand at an impressive CAGR of 6.1% to be valued at US$ 224.3 million by 2032.
• Global glycol pumps market witnessed 0.1% CAGR during the period (2017-2021).
• Under end-use industry, the oil & gas industry dominates the market and is estimated to reach US$ 53.6 million by 2032, registering a CAGR of 7.5% during the forecast years.
• Europe dominated the market with 31.1% market share in 2021.
• Together, East Asia and South Asia & Oceania are likely to represent 34.9% of the overall market share in 2022,
• Based on region, demand for glycol pumps is expected to increase at a CAGR of 6% and 5% in Europe and Latin America, respectively, over the decade.

Glycol Pumps Market Growth & Trends

Companies are developing a variety of pumps considering the technical specifications required by application industries, such as head, flow rate, temperature, etc. Companies with strong R&D capabilities are also exploring the potential of glycol in producing clean energy, such as green hydrogen.

Additionally, smart technological integrations in glycol pumps will facilitate access to real-time data collection, failure prediction, and remote monitoring, which would ease the use of pumps for industries by providing efficient control.

Companies are tailoring their offerings as per their end-use bases with required technical specifications. Moreover, most market players have also been focusing on glycol pumps with core technical features, such as max head, max pressure, and max temperature.

Due to excellent heat retention and flowable viscosity, it is widely used for maintaining the working temperature of an engine or mechanical system in automotive & transportation industries where external conditions may differ. Water glycol pumps are extensively used in industries where plastic, paint, chemical, food, cosmetic, and pharmaceutical preparations are processed.

• Short Term (2022 Q2 to 2025): Continuous enhancement in thermal and pressure capabilities, temperature ratings, precision clearances, and easy in-field replacements will lead to increased sales of glycol pumps in numerous industries.
• Medium Term (2025-2028): Advanced technological implementations in end-use industries leading to increased production capabilities drive demand for glycol pumps.
• Long Term (2028-2032): As industries are adopting cutting-edge technologies to accelerate their operations, the pump industry is integrating digital technologies into pumps to fit future needs where accelerated output is required. Improved efficiency of pumps would positively affect the demand for glycol pumps.

𝐒𝐡𝐚𝐫𝐞 𝐘𝐨𝐮𝐫 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 & 𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬- https://www.factmr.com/connectus/sample?flag=RC&rep_id=7500

Competitive Landscape

Key glycol pump manufacturers are North Ridge Pumps, Kimray, Mcmaster, Viking Pump, LEWA, Verder, Cat Pumps, Xylem, TriRotor Inc, Goulds Pumps, Heat Exchange & Transfer, Inc., John Wood, Inc., T-Mag, Exterran, Rotor Tech, Bifold, HERMETIC-Pumpen GmbH, March Pumps, and Sintech.

The glycol pumps market is rapidly expanding due to technological advancements by key market players. Prominent market players are incorporating advanced features and electrical integrations, and are also focusing on R&D activities. Further, players with big financial power in the market are resorting to acquisitions to gain an edge over others operating in the market.

For instance :

1. In Dec. 2021, Kimray acquired Texas-based Control Equipment Inc. The acquisition would result in huge benefits for the industry by combining Kimray's innovation and production capabilities with CEI's distribution network and expertise.
2. In March 2022, Atlas Copco´s Power and Flow division agreed to acquire LEWA. The acquisition will strengthen Atlas Copco`s expansion within the industrial pumps business.
3. In April 2022, North Ridge Pumps conducted a case study on plunger pumps for green hydrogen production with the use of ethylene glycol.

𝐆𝐞𝐭 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.factmr.com/checkout/7500

Categorization of Glycol Pumps Industry Survey

Glycol Pumps Market by Type :

o Ethylene
o Propylene

Glycol Pumps Market by Capacity :

o Less than 5 Gpm
o 5-10 Gpm
o 10-15 Gpm
o Above 15 Gpm

Glycol Pumps Market by Operating Pressure :

o Less than 50 Bar
o 50-100 Bar
o 100-150 Bar
o Above 150 Bar

Glycol Pumps Market by Pump Type :

o Centrifugal Pumps
o Positive Displacement Pumps

Glycol Pumps Market by End-use Industry :

o Chemicals & Petrochemicals
o Food & Beverages
o Pharmaceuticals
o Automotive & Transportation
o Oil & Gas
o Cosmetics
o Plastics
o Paints and Inks
o Others

Glycol Pumps Market by Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: https://www.globenewswire.com/en/news-release/2022/09/26/2522615/0/en/Third-Generation-Advanced-High-Strength-Steel-Opening-Plethora-of-Opportunities-for-Manufacturers-Says-Fact-MR.html

Contact:

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E-Mail: sales@factmr.com

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

This release was published on openPR.