Rotary Pump Market Size, Share, Demand, Growth Factors, Report 2023-2028

As per the latest report by IMARC Group, titled "Rotary Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on rotary pump market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global rotary pump market size reached US$ 6.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

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A rotary pump is a mechanical device designed to transfer fluids by using a rotating mechanism. It operates on the principle of positive displacement, meaning that a fixed amount of fluid is displaced with each revolution of the pump's internal components. Unlike centrifugal pumps, which rely on kinetic energy to move fluids, rotary pumps are known for their ability to provide a steady and consistent flow rate. There are various types of rotary pumps, including gear pumps, vane pumps, and screw pumps. In a gear pump, for example, two gears mesh together and create a flow by trapping and pushing fluid between the teeth of the gears. Vane pumps use sliding vanes within a rotor to generate fluid movement, while screw pumps employ intermeshing screws to displace the fluid. Rotary pumps are widely used in industries such as manufacturing, oil and gas, and automotive, where precise and controlled fluid transfer is crucial. Their design allows for efficient pumping of both viscous and low-viscosity liquids, making them versatile tools in numerous applications.

Market Trends:

The global market is majorly driven by the product's versatility in fluid handling. In line with this, the rising product demand as indispensable components in chemical manufacturing, oil and gas operations, pharmaceutical production, and various manufacturing processes are significantly contributing to the market. Furthermore, the positive displacement mechanism inherent in rotary pumps ensures a consistent and precise flow rate, a critical attribute for applications demanding accuracy, such as in chemical dosing. This, in turn, is catalyzing the market. Efficiency and energy savings constitute another compelling factor propelling the market forward. Rotary pumps, including designs like gear pumps and screw pumps, are recognized for their energy efficiency. The positive displacement principle ensures that a fixed volume of fluid is moved per revolution, reducing energy wastage and aligning with the sustainability goals of industries aiming to optimize energy consumption and curtail operational costs.

Moreover, the rapid adoption of advanced materials and manufacturing technologies further augments the appeal of rotary pumps. Incorporating corrosion-resistant materials and leveraging innovative manufacturing techniques enhances the pumps' durability and performance, appealing to industries seeking reliable, long-term solutions. This aligns with a broader trend toward the adoption of cutting-edge technologies and materials across industrial sectors.

Besides, the rise in industrial automation is strengthening the market. These pumps seamlessly integrate into automated systems, facilitating precise control and real-time monitoring. Their compatibility with automation technologies not only enhances operational efficiency but also reduces the need for manual intervention, a crucial advantage in industries increasingly prioritizing streamlined and automated processes. As chemical and petrochemical industries expand globally, the demand for these pumps intensifies. Their capability to handle a diverse array of chemicals positions them as essential components in these growing sectors. Simultaneously, the worldwide growth of manufacturing and processing industries, fueled by population growth and urbanization, contributes significantly to the escalating demand for rotary pumps.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Dover Corporation
• SPX Flow, Inc.
• Xylem Inc.
• Colfax Corporation
• IDEX Corporation
• Busch Systems International Inc.
• Gardner Denver, Inc.
• Atlas Copco AB
• Pfeiffer Vacuum GmbH
• ULVAC Technologies, Inc

Rotary Pump Market Segmentation:

Our report has categorized the market based on region, type, operating capacity, pump characteristics, raw material and end-use industry.

Breakup by Type:
• Vane
• Screw
• Lobe
• Gear
• Progressive Cavity (PC)
• Others

Breakup by Operating Capacity:
• Small (Upto 500 gpm)
• Medium (500-1000 gpm)
• High (More Than 1000 gpm)

Breakup by Pump Characteristics:
• Standard Pumps
• Engineered Pumps
• Special Purpose Pumps

Breakup by Raw Material:
• Bronze
• Cast Iron
• Polycarbonate
• Stainless Steel
• Others

Breakup by End-Use Industry:
• Oil and Gas
• Power Generation
• Chemical and Petrochemical
• Water and Wastewater
• Food and Beverage
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.