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Positive Displacement Pumps Market News Reviews The Ultimate Trends Top Businesses
Positive displacement pumps operate by trapping fluid between the moving components and the pump's casing, causing the fluid to move through the pump and into the discharge piping.
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The market for positive displacement pumps has been expanding due to the growth of the global oil and gas industry, with increasing crude oil production and demand. Additionally, the demand for water treatment facilities is driving the market growth, with the global water and wastewater treatment market projected to reach approximately USD 490 billion by 2029.
Other factors contributing to the market growth include the rising emergence in the chemical industry and increasing adoption in the food and beverage sector. However, the high cost of positive displacement pumps acts as a restraint for market growth.
In terms of regional analysis, North America dominates the market due to increasing hydrocarbon activities in the region. The Asia Pacific region is expected to exhibit the highest growth rate during the forecast period, driven by strict policies and regulations regarding wastewater treatment in the municipal and industrial sectors.
Some of the major players in the global positive displacement pumps market include Ebara Corporation, Xylem Inc., Sulzer Ltd, Flowserve Corporation, Grundfos Pumps India Private Ltd., The Wier Group PLC, KSB Group, Wilo SE, Dover Corporation, and Ruhrpumpen Group.
Recent developments in the market include Dover's acquisition of Witte Pumps & Technology GmbH, a precision gear pump manufacturer, in December 2022.
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The Global Positive Displacement Pumps Market Report covers historical data from 2019 to 2021, with the base year for estimation being 2021. The forecast period is from 2022 to 2029. The report provides insights into revenue forecasts, company rankings, competitive landscape, growth factors, and trends. It includes segmentation based on application, type, and region.
The objective of the study is to define market sizes of different segments and countries, analyze driving factors and challenges, identify potential opportunities in micro markets, and provide a detailed analysis of the competitive landscape and product offerings of key players.
The market segmentation by type includes reciprocating pumps and rotary pumps, while the application segment includes oil and gas, chemicals, water and wastewater, pulp and paper, power, and others. The regional scope covers North America, Europe, Asia Pacific, Latin America, and the rest of the world.
Note: The information provided is based on the given report and general knowledge up until September 2021. It's always advisable to refer to the latest research and reports for the most up-to-date information on the market.
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