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Positive Displacement Pumps Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies
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Positive displacement pumps are a type of pump that uses positive displacement to move fluids or gases. These pumps work by trapping a certain amount of fluid or gas in a chamber and then moving that chamber to another location. This type of pump is often used in applications where a high degree of accuracy is required, such as in the medical field.
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Key Trends
Positive displacement pumps are used in a variety of industries for a variety of applications. Some of the key trends in positive displacement pumps technology include:
1. Increased Efficiency: One of the key trends in positive displacement pumps technology is increased efficiency. This is being driven by the need to reduce energy costs and increase productivity.
2. Improved Reliability: Another key trend is improved reliability. This is driven by the need for pumps to operate reliably in demanding applications.
3. Increased Safety: A third key trend is increased safety. This is driven by the need to protect operators from potential injuries. Newer generations of positive displacement pumps are designed with safety features such as pressure relief valves and safety switches.
Key Drivers
Some of the key drivers of the positive displacement pumps market are as follows:
Increasing demand from end-use industries: Positive displacement pumps are extensively used in various industries such as food & beverages, oil & gas, pharmaceuticals, water & wastewater treatment, and others.
Technological advancements: The manufacturers of positive displacement pumps are continuously investing in research & development activities to develop advanced pumps with improved efficiency and performance.
Rising environmental concerns: The rising environmental concerns and regulations regarding the emission of greenhouse gases are expected to drive the market for positive displacement pumps as these pumps help in reducing the emission of greenhouse gases.
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Market Segments
The positive displacement pumps market is segmented by type, end-user, and region. By type, the market is classified into the reciprocating pump, and rotary pumps. Based on the end-user, it is bifurcated into oil & gas, chemicals, water & wastewater, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global positive displacement pumps market includes players such as Ebara Corporation, Xylem Inc., Sulzer AG, Flowserve Corporation, Grundfos, Wier Group, KSB Group, Wilo SE, Dover Corporation, Ruhrpumpen Group, and others.
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