The Business Research Company’s report on the Positive Displacement Pumps Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the positive displacement pumps market in recent years?
The increasing oil and gas exploration activities are expected to propel the growth of the positive displacement pumps market going forward. Oil and gas exploration includes the procedures and techniques used to identify potential locations for drilling and extracting hydrocarbons. The oil and gas sector uses positive displacement pumps for many purposes, including pipelines, pumping stations, cooling loops, heat exchanger circulation, water supply, and drainage, cooling systems, hot water discharge, and cooling and refrigeration systems. For instance, in June 2023, the International Energy Agency, a France-based intergovernmental economic organization, reported that global oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million barrels per day (mb/d), supported by robust demand from the petrochemical and aviation sectors. Therefore, the increasing oil and gas exploration activities are driving the growth of the positive displacement pumps market.
Access Your Free Sample of the Global Positive Displacement Pumps Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8579&type=smp
What is the projected market size of the positive displacement pumps industry, and how is it expected to grow?
The positive displacement pumps market size has grown strongly in recent years. It will grow 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 historic period can be attributed to industrialization and manufacturing growth, expansion of oil and gas exploration, water and wastewater treatment needs, chemical processing industry growth, pharmaceutical manufacturing requirements, food and beverage processing demand, power generation applications, mining and mineral processing operations.
The positive displacement pumps market size is expected to see strong growth in the next few years. It will grow to $15.97 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rise in renewable energy projects, expanding role in hygienic applications, smart pumping systems integration, focus on water conservation, demand for oilfield services, growing importance in HVAC systems, increased investment in infrastructure, advanced materials for pump construction. Major trends in the forecast period include integration of IoT and smart technologies, rise of industry 4.0 and digitalization, seal-less pump designs, eco-friendly pumping solutions, adoption of twin-screw pumps, pumping viscous and non-Newtonian fluids, customized pump solutions, retrofitting and upgradation initiatives.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=8579&type=smp
Who are the key players driving competition in the positive displacement pumps market?
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 key trends are expected to drive the polyphenylene market during the forecast period?
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.
Which key geographies are driving the growth of 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.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/positive-displacement-pumps-global-market-report
What are the key segments driving growth in 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
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8579
How is the positive displacement pumps market defined?
Positive displacement pumps (PD pumps) refer to mechanical devices that displace a certain amount of liquid for every revolution or cycle that the pump completes. These are generally used for fluids with a high viscosity. In addition to being used where high accuracy is required for metering or dosing, they can also be used for high-pressure washing and wastewater treatment.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
