Press release
Positive Displacement Pumps Market Set to Reach $15.97 Billion by 2029 with 6% Yearly Growth
Positive Displacement Pumps Market Size
The growth of the positive displacement pumps market is projected to be fueled by the rise in oil and gas exploration activities. These activities involve the methods and techniques employed to pinpoint potential sites for drilling and extraction of hydrocarbons. Positive displacement pumps are extensively utilized in the oil and gas sector for a multitude of functions such as pipelines, pumping stations, cooling loops, water supply, drainage, hot water discharge, and cooling and refrigeration systems. As an example, the International Energy Agency, based in France, predicted in June 2023 that the global oil demand is set to increase by 6% from 2022 to 2028, reaching 105.7 million barrels per day (mb/d), bolstered by a strong demand from the petrochemical and aviation industries. Consequently, the escalation in oil and gas exploration activities is advancing the growth of the positive displacement pumps market.
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What Is the projected market size and growth rate for the positive displacement pumps market?
The market size for positive displacement pumps has experienced substantial growth in the past years, set to expand from $11.89 billion in 2024 to $12.52 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this historic growth include industrial and manufacturing developments, growth in oil and gas exploration, increased demand for water and waste treatment, a booming chemical processing industry, pharmaceutical manufacturing needs, increased demand in food and beverage processing, power generation activities, and mining and mineral processing operations.
There is an anticipated robust expansion in the positive displacement pumps market in the upcoming years. The market is projected to burgeon to $15.97 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth during the forecast period include the surge in renewable energy initiatives, increased involvement in sanitary applications, the incorporation of intelligent pumping systems, emphasis on water preservation, the need for oilfield services, the growing significance of HVAC systems, escalated investment in infrastructure, and the use of advanced materials for pump manufacture. The forecast period is also expected to witness prominent trends such as the integration of smart technologies and IoT, the emergence of digitalisation and industry 4.0, designs of seal-less pump, eco-friendly pump solutions, adoption of twin-screw pumps, pumping of viscous and non-Newtonian fluids, tailored pump solutions, as well as retrofitting and upgradation initiatives.
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What new trends are reshaping the positive displacement pumps market and its opportunities?
The trend of product innovation is becoming increasingly prevalent in the positive displacement pumps market. In order to maintain their market standing, dominant businesses in this sector are focusing on the creation of novel products. Take Lee Company for instance, an American industrial machinery producer, which, in August 2022, introduced its most recent innovation - a new high-performance miniature pump coupled with a control package. This groundbreaking product incorporates control electronics, offering unmatched versatility in a compact and light package. The pump possesses unique features such as self-priming at altitude, adjustable speed control, matchless flexibility, and user-friendly installation, while also mitigating the risk of altitude cavitation. Furthermore, the pump module contains intelligent technology that monitors pump speed, motor current and faults. By leveraging cutting-edge fluid control technology, Lee Company is able to reduce the pump's size and enhance its performance. This latest pump further broadens their already distinctive line of miniature radial piston-designed displacement pumps.
What major market segments define the scope and growth of the positive displacement pumps market?
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
Subsegments:
1) By Rotary Pumps: Gear Pumps, Screw Pumps, Vane Pumps, Lobe Pumps
2) By Reciprocating Pumps: Diaphragm Pumps, Piston Pumps, Plunger Pumps, Peristaltic Pumps
3) By Peristaltic: Tube Pumps, Hose Pumps
4) By Other Product Types: Progressive Cavity Pumps, Membrane Pumps
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Which region dominates the positive displacement pumps market?
Asia-Pacific was the largest region in the positive displacement pumps market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the positive displacement pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the positive displacement pumps industry growth?
Major companies operating in the positive displacement pumps market 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.
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What Is Covered In The Positive Displacement Pumps Global Market Report?
• Market Size Forecast: Examine the positive displacement pumps market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the positive displacement pumps market for a structured understanding.
• Key Players Overview: Analyze major players in the positive displacement pumps market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the positive displacement pumps market.
• Segment Contributions: Evaluate how different segments drive overall growth in the positive displacement pumps market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the positive displacement pumps market.
• Industry Challenges: Identify potential risks and obstacles affecting the positive displacement pumps market.
• Competitive Landscape: Review strategic developments in the positive displacement pumps market, including expansions, agreements, and new product launches.
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