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Positive Displacement Pumps Market Report 2024| Trends, Size, Share, Outlook Report 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company presents an extensive market research report on the Positive Displacement Pumps Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The positive displacement pumps market size has grown strongly in recent years. It will grow from $11.34 billion in 2023 to $11.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to industrialization and manufacturing growth, expansion of oil and gas exploration, water and wastewater treatment needs, chemical processing industry growth, pharmaceutical manufacturing requirements, food and beverage processing demand, power generation applications, mining and mineral processing operations..
The positive displacement pumps market size is expected to see strong growth in the next few years. It will grow to $15.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rise in renewable energy projects, expanding role in hygienic applications, smart pumping systems integration, focus on water conservation, demand for oilfield services, growing importance in hvac systems, increased investment in infrastructure, advanced materials for pump construction.. Major trends in the forecast period include integration of iot and smart technologies, rise of industry 4.0 and digitalization, seal-less pump designs, eco-friendly pumping solutions, adoption of twin-screw pumps, pumping viscous and non-newtonian fluids, customized pump solutions, retrofitting and upgradation initiatives..
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Key Market Players:
Major companies operating in the positive displacement pumps market report are Ebara Corporation, KSB SE & Co. KGaA, WILO SE, Dover Corporation, Pentair plc., Grundfos Pump Corporation, Sulzer Ltd., Xylem Inc., SPX Flow Inc., Alfa Laval AB, The Weir Group PLC., Fristam Pumpen KG (GmbH & Co), HERMETIC-Pumpen GmbH, Ruhrpumpen Inc., Tsurumi Pump Inc., Ampco Pumps Company Inc., Flowserve Corporation, ITT Inc., Liquidyne Process Technologies Inc., Springer Pumps LLC., Titan Manufacturing Inc., Dickow Pump Co., Centec LLC, Watson-Marlow fluid technology group, Prominent Group, Cole-Parmer Instrument Company LLC, NETZSCH Holding, LEWA GmbH, Viking Pump Inc., Moyno Inc., Blackmer Inc., Gardner Denver Holdings Inc.
Market Drivers:
The increasing oil and gas exploration activities are expected to propel the growth of the positive displacement pumps market going forward. Oil and gas exploration includes the procedures and techniques used to identify potential locations for drilling and extracting hydrocarbons. The oil and gas sector uses positive displacement pumps for many purposes, including pipelines, pumping stations, cooling loops, heat exchanger circulation, water supply, and drainage, cooling systems, hot water discharge, and cooling and refrigeration systems. For instance, in November 2022, according to the US Energy Information Administration, a US-based federal statistical agency, the deployment of active good service rig count in the United States increased by 22.23% from 738 in 2020 to nearly 949 in 2021, due to rising oil and gas exploration and drilling operations. Therefore, the increasing oil and gas exploration activities are driving the growth of the positive displacement pumps market.
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https://www.thebusinessresearchcompany.com/report/positive-displacement-pumps-global-market-report
The positive displacement pumps market covered in this report is segmented -
1) By Product Type: Rotary Pumps, Reciprocating Pumps, Peristaltic, Other Product Type
2) By Raw Material: Bronze, Cast Iron, Polycarbonate, Stainless Steel, Other Raw Material
3) By End-User: Water Treatment, Oil And Gas, Chemicals, Pharmaceutical, Food And beverage, Other End-User
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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