The latest report by IMARC Group, titled “Positive Displacement Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Positive Displacement Pumps Market Size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global positive displacement pumps market size reached US$ 13.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028. A positive displacement (PD) pump is an industrial pump that consists of an expanding cavity on the suction side and a decreasing cavity on the discharge side. It is widely utilized across numerous industries for discharging liquid from the inlet pressure section into the discharge tube or pipe as the cavity on the suction side expands and contracts. The action of the pump is cyclic, which is driven with the help of screws, gears, rollers, vanes, pistons and diaphragms. The PD pump delivers a constant flow of fluid at a fixed speed despite changes within the counterforce. It also is self-priming in nature and is more suitable for handling highly viscous liquids as compared to a centrifugal pump.
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Global Positive Displacement Pumps Market Trends:
The global market is primarily driven by the escalating demand for PD pumps for wastewater and sewage treatment activities. A decline in the levels of consumable water has been witnessed across the globe, especially in the developing economies on account of various factors, such as rapid industrialization and the growing population. Since these pipes are compact in size, offer high viscosity performance and can manage high differential pressure, they are extensively employed in wastewater treatment plants to combat the water scarcity issues. Moreover, the growing demand for crude oil on a global level, along with the renovation and the upgradation of oil and gas exploration facilities, is expected to create a positive outlook for the market. Additionally, technological advancements in natural gas production are anticipated to provide a further thrust to the market growth. These pumps also form a crucial component of multiphase pumping for producing oil and gas. This process is now gaining widespread preference across the globe as it offers simpler installation with enhanced and effective outcome while significantly reducing the carbon footprints.
Competitive Landscape with Key Players:
- Flowserve Corporation
- Grundfos A/S, ITT Inc.
- KSB SE & Co. KGaA, SPX FLOW
- ALFA LAVAL Corporate AB
- Schlumberger Corporate Communications
- Colfax Corporation
- HERMETIC-Pumpen GmbH
- Xylem, Inc.
- Sulzer Management Ltd.
- Baker Hughes Company
- EBARA CORPORATION
- WEIR GROUP PLC
- FRISTAM Pumpen KG (GmbH & Co.
- Altra Industrial Motion Corp.
- R. North America, Inc.
- Verder International B.V.
- Watson-Marlow Fluid Technology Group
Breakup by Product Type:
- Progressing Cavity (PC)
Breakup by Capacity:
- Low Capacity Pumps
- Medium Capacity Pumps
- High Capacity Pumps
Breakup by Pump Characteristics:
- Standard Pumps
- Engineered Pumps
- Special Purpose Pumps
Breakup by Raw Material:
- Cast Iron
- Stainless Steel
Breakup by End Use Industry:
- Oil and Gas
- Water and Wastewater
- Chemicals and Petrochemicals
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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