Press release
Reciprocating Pumps Market is Forecast to Surpass USD 13.5 Billion by 2032
To fulfil the expanding demand of the petroleum industry around the world, reciprocating pumps are widely utilized in the extraction of oil and other natural resources. Drilling and oilfield service firms' profitability are expected to expand 10-12% over the next five years, according to the report, due to the continued rise in global rig count and upstream capital spending. According to the aforesaid scenario, the global reciprocating pump industry will grow at a rate of 1.9X in the next ten years.The use of emerging technologies such as the Industrial Internet of Things (IIoT), artificial intelligence, and Big Data is becoming more common in the pump industry. Because of the volatile nature of the pump industry in recent years, makers of reciprocating pumps and other pumps have focused on providing smart pumping systems in order to maximize earnings.
For More Valuable Information on Market Dynamics, Request a Report Sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=2396
Commercial buildings, oil and gas, as well as water and wastewater, will be the first to deploy smart reciprocating pumps, kicking off the transformation. Pump manufacturers are gaining ground in the US reciprocating pump market by developing smart pumping systems that can provide real-time information. These solutions are intended to avoid unexpected pump breakdowns while also lowering reciprocating pump maintenance costs.
Due to reciprocating pumps' lower cost and higher durability compared to centrifugal pumps, an increasing number of end-use industries in East Asia are switching from centrifugal pumps to reciprocating pumps.
Reciprocating pump manufacturers are relocating their manufacturing plants to China, where labor costs are cheaper, in order to capitalize on the cost-effective advantages of reciprocating pumps and increase profitable sales in such high-potential Asian countries.
Key Takeaways:
China to dominate the Asia reciprocating pumps market with currently generating 52% of the market valuation in the Asian region
By end-use industry, chemical sector contributed nearly 46% of the overall market valuation in 2021.
Rise in pharmaceutical and petroleum operations to spur the demand for diaphragm pumps.
With technological advancements, electric double diaphragm pump has been recently developed for chemical pumping applications.
Growth Drivers:
Rising demand from petroleum industry for extraction of oil & natural resources is expected to spur the reciprocating pumps market growth.
Connect to an Expert-
https://www.factmr.com/connectus/sample?flag=AE&rep_id=2396
Competitive Landscape
Due to the presence of numerous local and regional companies, the worldwide reciprocating pump market is highly fragmented and competitive. Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading organizations also use new product innovation as a strategic way to expand their market presence among consumers. Advanced reciprocating pumps have been incorporated as a result of these efforts.
For example, in 2019, Grundfos opened a new factory in the United States. The company intends to provide superior technical solutions to the wastewater industry. This new factory in Florida was established with the goal of becoming a distribution hub for this company's water and wastewater pumps, controls, and other accessories.
Key Companies Profiled by Fact.MR are -
• Xylem Inc.
• Flowserve Corporation
• Grundfos
• The Weir Group PLC
• Alfa Laval AB
• SPX Flow Inc.
• IDEX Corporation
• LEWA GmbH
More Valuable Insights on Reciprocating Pumps Market
Fact.MR provides an unbiased analysis of the reciprocating pumps market, presenting forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global reciprocating pumps market with a detailed segmentation on the basis of:
By Flow Rate :
• Up to 100 m3/h
• 100-300 m3/h
• 300-800 m3/h
• Above 800 m3/h
By Type :
• Piston
• Plunger
• Diaphragm
By End-Use Industry :
• Oil & Gas
• Chemical
• Water Treatment
• Pharmaceuticals
• Food & Beverage
• Others
By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA
Get Full Access of this Report through our PayPal Payment Gateway
https://www.factmr.com/checkout/2396
Key Questions Covered in Reciprocating Pumps Market Report
The report offers insight into the reciprocating pumps market demand outlook for 2022-2032.
The market study also highlights projected sales growth for reciprocating pumps market between 2022 and 2032.
Reciprocating pumps market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
Reciprocating pumps market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
For more insights:
Power Generation Pumps Market:
https://www.globenewswire.com/news-release/2018/12/06/1663064/0/en/Power-Generation-Pumps-Market-has-80-Concentration-of-Centrifugal-Pumps-Fact-MR.html
Chemical Injection Pumps Market:
https://www.globenewswire.com/en/news-release/2019/06/18/1870362/0/en/Electric-and-Solar-Chemical-Injection-Pumps-Witness-Strong-Surge-in-Sales-as-Energy-Efficiency-Continues-to-Take-the-Center-Stage-Fact-MR-Study.html
Contact US:
21st floor , 136 Sejong-daero,
Seoul,100-768
South Korea
Phone: +1 (628) 251-1583
Email: sales@factmr.com
About Us:
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Reciprocating Pumps Market is Forecast to Surpass USD 13.5 Billion by 2032 here
News-ID: 2808555 • Views: …
More Releases from Fact.MR
Plasma Fractionation Market Projected to Reach US$ 65 Billion by 2032, With 7.3% …
The plasma fractionation market is projected to be valued US$ 32 billion in 2022. Moreover, growth is anticipated to pick up speed at a 7.3% CAGR over the assessment period of 2022-2032 and reach US$ 65 billion. The primary driver of the market's growth is the aging of the global population, which makes people more vulnerable to rare illnesses that call for the usage of blood derivatives.
Furthermore, it is anticipated…
Chemical Pulp Market Predicted to Garner US$ 19.5 Billion by 2033, At CAGR 7.4% …
According to the most recent data from market research and competitive intelligence provider Fact.MR, the global chemical pulp market is projected to grow at a compound annual growth rate (CAGR) of 7.4% between 2023 and 2033, reaching US$ 19.5 billion by the end of 2033.
Large tanks called digesters are used to combine chemicals and wood chips to create chemical pulp. Lignin, which helps hold cellulose fibers together without seriously harming…
Hemodialysis Market to Grow at 4.5% CAGR, Crossing US$ 149.92 Billion by 2033 | …
The hemodialysis market is expected to reach US$ 149.92 billion by 2033, from its estimated US$ 96.54 billion in 2023, according to a recent industry analysis by Fact.MR, a supplier of competitive intelligence and market research.
Dialysis is a process that removes waste products from the blood, like creatinine and urea, which are created when the kidneys don't work properly. For people with chronic renal disorders, dialysis is required. Hemodialysis is…
Agricultural Film Market is forecasted to reach US$ 21 billion with 5.9% CAGR by …
Fact.MR, a market research and competitive intelligence service, states that historically, the use of Agricultural Films grew at a 3.5% CAGR from 2016 to 2020, with the United States, China, India, and Japan holding a sizable portion of the global market. by 2021, the greenhouse film industry is expected to have grown to a valuation of over US$ 10 billion, largely due to price increases in agricultural films.
For More Insights…
More Releases for Pump
Automotive Pump Market Forecast to 2028 - Covid-19 Impact and Global Analysis - …
MARKET INTRODUCTION
Automotive pumps are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
Download Sample Report in PDF Version @ www.theinsightpartners.com/sample/TIPRE00006033/?utm_source=openpr&utm_medium=10387
This report sample includes:
A brief introduction to…
Agricultural Pump Market Advancement Outlook 2020-2026: Sulzer, Dayuan Pump, Wil …
The Latest report about the Agricultural Pump market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Agricultural Pump market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with…
Agricultural Water Pump Market Growth Opportunities 2020: Lingxiao Pump, East Pu …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Agricultural Water Pump Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Agricultural Water Pump market players. According to the study, the worldwide Agricultural Water Pump market report unfolds the current and historical Agricultural Water Pump industry scenarios, Agricultural Water Pump market development patterns and is expected…
Asphalt Pumps Market Size Study and Regional Forecasts 2019-2025| Johnson Pump, …
This study focuses on the production side and consumption side of Asphalt Pumps, presents the global Asphalt Pumps market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Asphalt Pumps capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this…
Asia-Pacific Vertical Turbine Pump Market By Type - Ductile Iron Pump, Stainless …
Researchmoz added Most up-to-date research on "Asia-Pacific Vertical Turbine Pump Market By Type - Ductile Iron Pump, Stainless Steel Pump & Other Pump" to its huge collection of research reports.
Vertical turbine pumps are Vertical Turbine Pump s specially designed to move water from an underground well or reservoir. Theyre also known a deep well turbine pumps or a line shaft turbine pumps. While submersible pumps have an electric motor located…
Global Industrial Pump Rental Market 2017: Xylem, Holland Pump, Selwood, Global …
Global Industrial Pump Rental Market 2017-2022
QY Market Research include new Industrial Pump Rental market research report "2016-2022 Report on Global Industrial Pump Rental Market Competition, Status and Forecast, Market Size by Players, Regions, Type, Application" to its huge collection of research reports.
This report on the global Industrial Pump Rental market is highly helpful because it covers all the aspects which are important in deciding the future of this industry. The…
