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Positive Displacement Pumps Market Outlook, Insights, and Overview 2024-2033
Positive Displacement Pumps Market Outlook
As per the report, 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 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%.
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Oil And Gas Exploration Drives Growth In Positive Displacement Pumps Market
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.
Innovative Miniature Pump And Control Package To Revolutionize Positive Displacement Pumps Market
Product innovation is a key trend gaining popularity in the positive displacement pumps market. Major companies operating in the market are developing innovative products to sustain their position in the market. For instance, in August 2022, Lee Company, a US-based industrial machinery manufacturing company, launched its latest innovation, a new high-performance miniature pump, and a control package. This innovative product is integrated with control electronics that offer unparalleled flexibility in a small, and lightweight package. It features self-priming at altitude, fully variable speed control, unparalleled flexibility, and easy installation, and reduces the risks of cavitation at altitude the pump module also includes intelligence for monitoring pump speed, motor current, and faults. Using leading fluid control technology, Lee company minimizes size, maximizes performance, and this new pump expands its unique and established range of miniature radial piston-designed displacement pumps.
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
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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.
Contents of the report:
1. Executive Summary
2. Positive Displacement Pumps Market Report Structure
3. Positive Displacement Pumps Market Trends And Strategies
4. Positive Displacement Pumps Market - Macro Economic Scenario
5. Positive Displacement Pumps Market Size And Growth
…..
27. Positive Displacement Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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