The Business Research Company’s report on the Plunger Pump Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the plunger pump market further?
The rise in the oil and gas industry is expected to propel the growth of the plunger pump market going forward. The oil and gas industry are a vast sector encompassing the exploration, extraction, refining, distribution, and utilization of petroleum and natural gas resources. The rise in the oil and gas industry is driven by growing energy needs, advancements in extraction technologies, and increased exploration efforts in various regions. Plunger pumps support the oil and gas industry by delivering high-pressure fluids for essential applications such as well stimulation, chemical injection, and pipeline transport, ensuring efficiency, reliability, and durability in harsh operating conditions. For instance, in March 2023, according to the Office for Budget Responsibility (OBR), a UK-based government agency, North Sea oil and gas revenues are projected to average $10.9 billion (£8.6 billion) annually between 2022-23 and 2027-28, a significant increase from the $1 billion (£0.8 billion) annual average recorded over the six years leading up to 2021-22. Therefore, the rise in the oil and gas industry is driving the growth of the plunger pump market.
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What are the key factors influencing the forecasted market size of the plunger pump industry?
The plunger pump market size has grown steadily in recent years. It will grow from $3.06 billion in 2024 to $3.17 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to increasing industrialization, rising demand for efficient fluid transfer solutions, increasing investments in water treatment and desalination projects, rising construction activities, and rising demand for high-pressure cleaning applications.
The plunger pump market size is expected to see steady growth in the next few years. It will grow to $3.66 billion in 2029 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to rising investments in renewable energy projects, rising demand for environmentally friendly pumping solutions, increasing focus on reducing carbon footprints, rising need for customized pumping solutions, and growing trend towards digitalization in industrial processes. Major trends in the forecast period include automation in industrial processes, advancements in materials used for pump construction, the development of hybrid pumping systems, the integration of artificial intelligence for optimizing pump operation, and the development of high-pressure variants.
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Who are the leading competitors in the plunger pump market?
Major companies operating in the plunger pump market are Parker Hannifin Corporation, Atlas Copco AB, Dover Corporation, Ingersoll Rand Inc., Flowserve Corporation, KSB SE & Co. KGaA, Graco Inc., Gardner Denver Holdings Inc., SPX Flow Inc., Ruhrpumpen Group Inc., LEWA GmbH, IDEX Corporation, Maruyama Manufacturing Company Inc., Pleuger Industries GmbH, Prominent Fluid Controls Inc., Grundfos Holding A/S, Standard Industrial Corp., Kamat Pumpen GmbH, Cat Pumps Inc., Triangle Pump Components Inc.
Which emerging trends are set to transform the plunger pump market landscape?
Major companies operating in the plunger pump market are focusing on product innovations such as high-performance plunger pumps to provide a compact, lightweight, and high-power-density solution. A high-performance plunger pump is a type of positive displacement pump that utilizes a reciprocating plunger to generate extremely high pressures, typically between 10 MPa and 100 MPa, making it ideal for demanding applications such as water jetting, oil and gas, and industrial cleaning. For instance, in April 2022, URACA GmbH & Co. KG, a Germany-based high-pressure pump manufacturer, launched the P3-19 plunger pump, designed to deliver superior power density and enhanced operational efficiency. The P3-19 features a compact and lightweight design with an optimized input shaft position, ensuring easy installation on sewer cleaning trucks while maintaining high efficiency across various speed ranges. Additionally, its integrated gear drive and crankcase sealing enhance durability and reliability, making it an ideal choice for municipal and industrial high-pressure cleaning applications.
How do different geographies compare in terms of market share and growth potential in the plunger pump market?
North America was the largest region in the plunger pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plunger pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the plunger pump market are experiencing the fastest growth?
The plunger pump market covered in this report is segmented –
1) By Type: Hydraulic Plunger Pumps, Air-Operated Plunger Pumps, Electric Plunger Pumps, Mechanical Plunger Pumps
2) By Plunger Configuration: Single Plunger, Dual Plunger, Multi Plunger
3) By Materials: Stainless Steel, Cast Iron, Plastic, Bronze
4) By Application: Water Treatment, Oil And Gas, Chemical Processing, Food And Beverage, Pharmaceuticals
Subsegments:
1) By Hydraulic Plunger Pumps: High-Pressure Hydraulic Plunger Pumps, Variable Displacement Hydraulic Plunger Pumps, Fixed Displacement Hydraulic Plunger Pumps, Industrial Hydraulic Plunger Pumps
2) By Air-Operated Plunger Pumps: Single-Acting Air-Operated Plunger Pumps, Double-Acting Air-Operated Plunger Pumps, High-Flow Air-Operated Plunger Pumps, Corrosion-Resistant Air-Operated Plunger Pumps
3) By Electric Plunger Pumps: AC Electric Plunger Pumps, DC Electric Plunger Pumps, High-Efficiency Electric Plunger Pumps, Variable Speed Electric Plunger Pumps
4) By Mechanical Plunger Pumps: Single Plunger Mechanical Pumps, Double Plunger Mechanical Pumps, Multi-Plunger Mechanical Pumps, Reciprocating Mechanical Plunger Pumps
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What defines the structure and scope of the plunger pump market?
A plunger pump is a type of positive displacement pump that utilizes a reciprocating plunger mechanism to create high-pressure fluid flow, offering exceptional efficiency, durability, and precision in handling various liquids, making it ideal for demanding industrial applications requiring consistent and reliable performance under extreme pressure conditions.
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