The diaphragm pump global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Diaphragm Pump Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The diaphragm pump market size has grown strongly in recent years. It will grow from $6.1 billion in 2023 to $6.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in chemical processing and petrochemical industries, demand for reliable and leak-proof pumping solutions, expansion of water and wastewater treatment facilities, adoption of diaphragm pumps in food and beverage processing, stringent regulations on emissions and leakage in industrial processes.
The diaphragm pump market size is expected to see strong growth in the next few years. It will grow to $9.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to growth in oil and gas exploration and production activities, adoption of diaphragm pumps in agriculture and irrigation, market growth in developing economies and emerging markets, demand for hygienic and aseptic pumping solutions in pharmaceuticals, focus on energy efficiency and reduced operational costs. Major trends in the forecast period include advanced material technologies, integration of iot and remote monitoring, aodd (air-operated double diaphragm) pump technology, hygienic and sanitary diaphragm pumps, pulsation dampening technologies, multiphase and high-pressure applications.
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Scope Of Diaphragm Pump Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Diaphragm Pump Market Overview
Market Drivers –
The growing demand for oil and gas will propel the growth of the diaphragm pump market. Diaphragm pumps are used to draw oil and gas into a refinery chamber during the upstream and midstream phase of oil refinement. These pumps are highly wear-resistant and can transport large volumes of liquid in refineries that are located over sizable oil sources. Energy consumption increases as economies grow, especially for transporting commodities and materials from producers to consumers. For example, in 2022, according to BP p.l.c, a UK-based oil and gas company, Oil consumption increased by 5.3 million barrels per day (b/d) in 2021. Hence, the increasing demand for oil and gas from transportation industry is expected to drive the market during the forecast period.
Market Trends –
Product innovation is shaping the diaphragm pump market. Companies in the market are focusing on developing diaphragm pumps, which are highly efficient and are also environment friendly. For instance, in 2021, a US-based fluid-handling systems and products company, Graco Inc introduced a new Husky 3300e electric double diaphragm pump, which provides a cost-efficient solution for companies for an environmentally friendly industry. The electric substitute in the device eliminates the high costs related to a compressor and offers up to 80% energy reduction compared to an air-operated pump.
The diaphragm pump market covered in this report is segmented –
1) By Mechanism: Air Operated, Electrically Operated
2) By Operation: Single Acting Diaphragm Pump, Double Acting Diaphragm Pump
3) By End-user: Water Treatment, Oil And Gas, Chemical, Pharmaceutical, Food And Beverage, Other End-users
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Regional Insights –
Asia-Pacific was the largest region in the diaphragm pump market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the diaphragm pump market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the diaphragm pump market include Flowserve Corporation, Grundfos Holding A/S, IDEX Corporation, Ingersoll-Rand PLC, Leak-Proof Pumps (I) Pvt. Ltd., All-Flo Pump Company, Blue-White Industries Ltd, Edwards Vacuum, Lewa GmbH, Lutz Pumpen, Pump Solutions Group, Tapflo AB, Verder International BV, Xylem Inc., Yamada Corporation, ARO Fluid Management, Blagdon Pump, Blue-White Industries, Cole-Parmer, Crane Engineering, Dover Corporation, Finish Thompson, Flowrox, Flux Pumps Corporation, Graco Inc., GRI Pumps, KNF Neuberger, Lutz Pumps, Milton Roy, Neptune Chemical Pump Company, Nikkiso, Pacer Pumps, ProMinent Fluid Controls, Sandpiper Pump, Sera GmbH, Tapflo, TAPPI, Verder Group, Versa-Matic Pump, Viking Pump, Wanner Engineering, Watson-Marlow Fluid Technology Group, Wilden Pump, Yamada Corporation
Table of Contents
1. Executive Summary
2. Diaphragm Pump Market Report Structure
3. Diaphragm Pump Market Trends And Strategies
4. Diaphragm Pump Market – Macro Economic Scenario
5. Diaphragm Pump Market Size And Growth
…..
27. Diaphragm Pump Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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