Rotary Pumps Market worth USD 11.08 Billion by 2032 - Exclusive Report by Polaris

Rotary pumps market represent a significant segment within the broader pump industry, catering to various applications across different sectors. These pumps are characterized by their rotating mechanism to transfer fluids, offering advantages such as high efficiency, reliability, and suitability for handling diverse types of liquids, including viscous fluids, slurries, and volatile chemicals. The rotary pumps market encompasses several types of pumps, including gear pumps, vane pumps, screw pumps, and rotary lobe pumps, each with its unique design and functionality.

Global Rotary Pumps Market size and share is currently valued at USD 7.27 billion in 2023 and is anticipated to generate an estimated revenue of USD 11.08 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

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The market is experiencing substantial growth primarily driven by the increasing need for the fluid handling in various industries including oil & gas, chemicals, & waste-water treatment. Rotary pumps are becoming increasingly popular due to their versatility in handling a broad spectrum of fluids with the diverse viscosities, making it a preferred choice in these applications. The market dynamics are notably influenced by the expansion of key end-use industries, including oil & gas, food processing, & chemical processing.

Moreover, in industries such as oil & gas and food processing, precise control of process variables, including fluid discharge rate and pressure, is crucial. Rotary pumps are well-suited for this kind of process control due to their recognized attributes of reliability, versatility, and the capability to handle a broad range of fluids. In the oil & gas sector, the American Petroleum Institute (API) has established standards for various equipment intended for use across diverse industries, including pumps. API Standard 676 specifically addresses standards and guidelines for positive displacement rotary pumps. Additionally, the Hydraulic Institute contributes standards relevant to rotary pumps in the pump industry, encompassing aspects such as pump design, testing, installation, and operation.

The market is characterized by intense competition, with a significant number of players consistently augmenting their research and development (R&D) spending. Key industry participants employ various strategies such as expanding production capacities, engaging in mergers and acquisitions, and introducing new products to stay competitive. Some established players have gained cost advantages through higher-scale production.

Manufacturers are actively exploring opportunities to create IoT-based digitalized pumps for efficient flow rate control. They are also focusing on designing new energy-efficient products to address the increasing demand for carbon-efficient solutions. Established market players are leveraging variable speed drives (VSDs) as a strategy to further expand their presence in the market.

Some of the major players operating in the global market include:

Atlas Copco AB
Dover Corporation
Xylem Inc.
Colfax Corporation
IDEX Corporation
Flowverse Corporation
KSB SE & Co. KGaA
HMS Group
Pentair Ltd.
SPX Flow
Alfa Laval
Gardner Denver Inc.
ITT INC.
Roper Technologies Inc.
Schlumberger Ltd.

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Growth Drivers of the Rotary Pumps Market:

Industrial Expansion: The expansion of industrial sectors such as manufacturing, oil & gas, chemicals, pharmaceuticals, and food processing drives the demand for rotary pumps. These pumps play crucial roles in processes such as fluid transfer, lubrication, and hydraulic power, contributing to the efficiency and productivity of industrial operations.

Technological Advancements: Ongoing advancements in pump technology have led to the development of more efficient and durable rotary pumps. Manufacturers are incorporating features such as variable speed drives, advanced sealing mechanisms, and materials that enhance pump performance, reliability, and longevity.

Demand from Oil & Gas Industry: The oil & gas industry relies heavily on rotary pumps for tasks such as crude oil transfer, fuel handling, and drilling operations. With the exploration of new oil reserves and the need for efficient extraction and processing techniques, the demand for rotary pumps in this sector remains robust.

Applications of Rotary Pumps:

Oil & Gas Industry: Used for crude oil transfer, drilling mud circulation, well stimulation, and hydraulic fracturing operations.

Chemical Processing: Handling corrosive chemicals, solvents, acids, and aggressive fluids in chemical manufacturing and processing plants.

Pharmaceutical Manufacturing: Critical for precise dosing, blending, and transferring of pharmaceutical ingredients and products while maintaining purity and sterility.

Food and Beverage Production: Utilized for pumping viscous food products, dairy, beverages, syrups, sauces, and edible oils in food processing and packaging operations.

Rotary Pumps Market Report Highlights

Gear pump segment dominated the market, owing to its ability to generate pressure difference to transfer fluids from one to point to other easily
Oil & gas segment held the largest share, as rotary pumps facilitate transfer of crude oil from well heads to the storage tanks, and in loading and un-loading of tankers
APAC dominated the market, owing to several infrastructure activities and strong demand in chemical and waste water treatment industries
The global players include Atlas Copco, Dover Corporation, Xylem, Colfax Corporation, IDEX Corporation, Flowverse Corporation, HMS Group, & Pentair.

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Polaris Market Research has segmented the rotary pumps market report based on type, end use, and region:

Rotary Pumps, Component Outlook (Revenue - USD Billion, 2019 - 2032)

Gear Pump
Screw Pump
Vane Pump
Lobe Pump
Others

Rotary Pumps, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Agriculture
Construction & Building Services
Water & Wastewater
Power Generation
Oil & Gas
Chemical
Others

Rotary Pumps, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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This release was published on openPR.