Positive Displacement Pumps Market Outlook: Expects Growth to Reach $15.97 Billion by 2029, Driven by Trends in IoT and Smart Technologies

The positive displacement pumps market size has seen strong growth in recent years, rising from $11.89 billion in 2024 to $12.52 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the past period has been primarily driven by industrialization and manufacturing expansion, increased oil and gas exploration, water and wastewater treatment needs, growth in chemical processing industry, rise in pharmaceutical manufacturing, demand for food and beverage processing, power generation applications, and mining and mineral processing operations.

The positive displacement pumps market is expected to witness strong growth in the coming years, reaching $15.97 billion by 2029 at a CAGR of 6.3%. The growth during the forecast period is set to be driven by an increase in renewable energy projects, an expanding role in hygienic applications, the integration of smart pumping systems, a focus on water conservation, demand for oilfield services, growing importance in HVAC systems, increased investment in infrastructure, and the use of advanced materials for pump construction. Major trends include the integration of IoT and smart technologies, the rise of industry 4.0 and digitalization, seal-less pump designs, eco-friendly pumping solutions, the adoption of twin-screw pumps, pumping viscous and non-Newtonian fluids, customized pump solutions, and retrofitting and upgradation initiatives.

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What are the Key Drivers of Positive Displacement Pumps Market Growth?
Increasing oil and gas exploration activities are expected to drive growth in the positive displacement pumps market. These procedures and techniques are used to identify potential locations for drilling and extracting hydrocarbons. The oil and gas sector uses positive displacement pumps for pipelines, pumping stations, cooling loops, heat exchanger circulation, water supply, and drainage, cooling systems, hot water discharge, and cooling and refrigeration systems. According to the International Energy Agency, global oil demand will rise by 6% between 2022 and 2028, reaching 105.7 million barrels per day. This increase is expected to be driven by robust demand from the petrochemical and aviation sectors.

What Are the Key Market Segments Within the Global Positive Displacement Pumps Market?
The market is segmented by:
1) Product Type: Rotary Pumps, Reciprocating Pumps, Peristaltic, Other Product Type
2) Raw Material: Bronze, Cast Iron, Polycarbonate, Stainless Steel, Other Raw Material
3) End-User: Water Treatment, Oil And Gas, Chemicals, Pharmaceutical, Food And Beverage, Other End-User

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Which are the Major Players in Positive Displacement Pumps Market?
Major players operating in the market include 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 Are the Current Trends in Positive Displacement Pumps Market?
Product innovation is a key trend in the market with companies developing innovative solutions to sustain their position. For example, in August 2022, Lee Company, launched a new high-performance miniature pump integrated with control electronics offering flexibility in a lightweight package. This pump features self-priming at altitude, variable speed control and easy installation, helping to reduce the risks of cavitation.

What Does the Regional Analysis Highlight For The Positive Displacement Pumps Market?
Asia-Pacific held the largest share in the positive displacement pumps market in 2024. However, North America is expected to be the fastest-growing region in the forecast period. The regions covered in the positive displacement pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Definition: What Does The Positive Displacement Pumps Market Report 2025 Offer?
Positive displacement pumps displace a specific amount of liquid per pump revolution or cycle. These are commonly used for high viscosity fluids and where accuracy is required for metering or dosing. They are also used in high-pressure washing and wastewater treatment. The Positive Displacement Pumps Market research report from The Business Research Company delivers key information such as global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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