Press release
Mechanical Diaphragm Pumps Market is anticipated to top a Revenues of nearly US$ 1 Bn by 2029 end, growing at a CAGR of 4%
Mechanical Diaphragm Pumps Market
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.
Mechanical diaphragm pumps are positive displacement pumps that use a flexible diaphragm to transfer fluid from the inlet to the outlet. They are widely used in various industries such as chemical, food and beverage, pharmaceutical, and water treatment due to their versatile and reliable operation. The mechanical diaphragm pumps market is growing at a substantial pace due to increasing demand for these pumps in various applications.
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Market Drivers
• Increasing demand for chemical and petrochemical products: The demand for mechanical diaphragm pumps is increasing in the chemical and petrochemical industry due to their ability to handle corrosive and aggressive fluids.
• Growing food and beverage industry: The food and beverage industry is growing rapidly, which is driving the demand for mechanical diaphragm pumps in this industry. These pumps are widely used in the food and beverage industry due to their ability to handle food-grade fluids without contamination.
• Rising demand for water treatment plants: The demand for mechanical diaphragm pumps is increasing in the water treatment industry due to the growing demand for clean and potable water. These pumps are used in water treatment plants for the transfer of wastewater, sludge, and other liquids.
Market Restraints
• High maintenance costs: Mechanical diaphragm pumps require frequent maintenance due to their mechanical components, which increases the cost of ownership.
• Limited performance in high-pressure applications: Mechanical diaphragm pumps have limited performance in high-pressure applications, which is a major drawback for their widespread use in high-pressure applications.
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Market Segmentation
The mechanical diaphragm pumps market can be segmented into application, end-user, and region.
By Application
• Chemical and petrochemical
• Food and beverage
• Pharmaceutical
• Water treatment
• Others
By End-User
• Industrial
• Commercial
• Residential
By Region
• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• South America
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Competitive Landscape
• 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
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Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.
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