Emerging Trends to Drive Positive Displacement Pumps Market Growth at 5.8% CAGR Through 2029

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Positive Displacement Pumps Market Size Growth Forecast: What to Expect by 2025?
The market size of positive displacement pumps has progressively expanded in the recent past. The value of this market is projected to rise from $11.89 billion in 2024 to $12.33 billion in 2025, registering a compound annual growth rate (CAGR) of 3.7%. Factors such as increased industrialization and manufacturing activity, broader oil and gas exploration, rising requirements in water and wastewater treatment, and growth in the chemical processing industry have fueled this growth during the historical period. Moreover, the needs of pharmaceutical manufacturing, demands of food & beverage processing, applications in power generation, along with mining and mineral processing operations, have all contributed to this market expansion.

How Will the Positive Displacement Pumps Market Size Evolve and Grow by 2029?
The market for positive displacement pumps is projected to experience significant growth in the upcoming years, reaching a value of $15.42 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. This growth trajectory during the forecast period is likely due to several factors, such as an increase in renewable energy projects, the widening role in hygienic uses, integration of intelligent pumping systems, emphasis on water conservation, the rising demand for oilfield services, the growing relevance in HVAC systems, heightened investment in infrastructure, and the use of cutting-edge materials in pump design. Key trends predicted for the forecast period include the incorporation of Internet of Things (IoT) and smart technology, the emergence of industry 4.0 and digitization, the development of seal-less pump models, environmentally-friendly pumping solutions, the use of twin-screw pumps, the capability to pump viscous and non-Newtonian fluids, personalized pump solutions, and efforts towards retrofitting and upgrading.

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What Drivers Are Propelling the Growth of Positive Displacement Pumps Market Forward?
The positive displacement pumps market is projected to grow, driven by a rise in oil and gas exploration activities. Exploration in the oil and gas industry involves techniques and procedures to pinpoint promising drilling and resource extraction locations. Positive displacement pumps are used in this sector for a variety of reasons, including the operation of pipelines, pumping stations, cooling loops, water supply and drainage systems, as well as heating exchanger circulation, hot water discharge, cooling and refrigeration systems. For instance, the International Energy Agency, an intergovernmental economic organization based in France, predicted in June 2023 that there will be 6% growth in global oil demand from 2022-2028, reaching an estimated 105.7 million barrels per day (mb/d). This is projected to be fueled by strong demand from petrochemical and aviation industries. Consequently, the uptick in oil and gas exploration activities is fostering the expansion of the positive displacement pumps market.

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What Are the Key Trends Driving Positive Displacement Pumps Market Growth?
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.

What Are the Key Segments in the Positive Displacement Pumps Market?
The positive displacement pumpsmarket 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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Who Are the Key Players Shaping the Positive Displacement Pumps Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in 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.

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