Press release
Mechanical Diaphragm Pumps Market is growing at a CAGR of 4% during 2022-2029|Key Players- Grundfos, LEWA GmbH and more
Mechanical Diaphragm Pumps Market Forecast to 2029
As per a new report published by Persistence Market Research (PMR), the mechanical diaphragm pumps market is projected to reach a revenue of around US$ 1 Bn by 2029 end, growing at a CAGR of 4% during 2019-2029.
The Mechanical Diaphragm Pumps Market is an increasingly competitive and dynamic sector that requires careful attention from all stakeholders involved. Mechanical diaphragm pumps are used in many industries, including oil and gas, chemical processing, water treatment, and others. The usage of mechanical diaphragm pumps has grown significantly over the last few years due to their low initial cost, reliable performance, and ability to handle numerous types of fluids with varying viscosities. Mechanical diaphragm pumps come in various sizes, configurations, and materials of construction to meet the needs of various applications.
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The ability of mechanical diaphragm pumps to transmit all types of fluids, such as viscous, corrosive, aggressive, and others, makes them the preferred choice for various processes among end-use industries, including oil & gas, mining, chemicals & petrochemicals, and food & beverages. As such, increasing demand from end-use industries is creating positive prospects for the growth of mechanical diaphragm pumps market.
The market is driven by advancements in technology resulting in improved performance over traditional pumps as well as rising global demand for Mechanical Diaphragm Pumps from several end-use industries such as oil & gas, water treatment plants and industrial manufacturing facilities. Additionally, government initiatives to stimulate investment in Mechanical Diaphragm Pumps are expected to further drive market growth over the forecast period.
Key Companies-
• Grundfos
• LEWA GmbH
• PSG (Dower Corporation)
• SPX Flow, Inc.
• IWAKI CO., LTD.
• Xylem Inc.
• Flowserve Corporation
• ABEL Pumps L. P.
• SEKO S.p.A
• The Weir Group PLC and more
These players are adopting various strategic initiatives such as mergers & acquisitions , product launches etc., aiming towards expanding their existing production capacities while enhancing geographical footprint across global mechanical diaprhagms pump marketplace .
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Mechanical Diaphragm Pumps Market By Segmentations -
Mechanical Diaphragm Pumps Market By Type
• Horizontal
• Vertical
Mechanical Diaphragm Pumps Market By Diaphragm Material
• PTFE
• EPDM
• NBR
• Others
Mechanical Diaphragm Pumps Market By Flow Rate
• Up to 100 L/H
• 100-500 L/H
• 500-1000 L/H
• Above 1000 L/H
Mechanical Diaphragm Pumps Market By End Use
• Oil & Gas
• Mining
• Water & Wastewater
• Pharmaceuticals
• Chemicals & Petrochemicals
• Food & Beverages
• Construction
• Others
Mechanical Diaphragm Pumps Market By Region
• North America
• Latin America
• Europe
• South Asia East Asia
• Middle East & Africa (MEA)
• Oceania
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In conclusion ,the growth prospects look good for the global Mechanical Diaphragm Pumps Market due to advancements in technology leading to improved performance over traditional pumps coupled with rising global demand from several end-users' industries such oil & gas, water treatment plants and industrial manufacturing facilities. Additionally government initiatives stimulating investments into this sector will further fuel market growth during forecast period 2020-2027 .
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