The positive displacement pumps market is set to grow from its current market value of more than USD 15.7 billion to over USD 20.3 billion. The increasing demand for PD pumps is ascribed to the surging requirement for waste water management across a range of end-user industries. These pumps help in maintaining the constant flow of liquid regardless of backpressure.
Owing to this, these are used in various positive displacement pump applications across chemicals, refineries, pulp & paper, as well as pharma industries. The rapidly surging population and growing industrialization in developing countries, such as Africa and Asia, have created a proliferating business scenario.
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This rise in oil & gas exploration activities is attributed to an increase in technological advancements in drilling as well as hydraulic fracturing technologies that are enabling companies to reach unexplored oil & gas reserves. On the other hand, numerous positive displacement pump manufacturers are focusing on the adoption of collaborative strategies such as product developments for enhancing product penetration and consolidating market share.
The market growth is primarily driven by the increasing demand for reciprocating pumps. To suffice the surging requirement, numerous reciprocating pump manufacturers are devising smart pump systems that enhance efficiency. The segment is expected to expand at a substantial CAGR of 3.8% over the projected period.
The COVID-19 pandemic has impacted the global positive displacement pumps market in the form of loss in industry revenue. While the market situations are expected to be uncertain in the coming years, the anticipated rise in oil & gas exploration activities in North America and Europe is likely to create a positive impetus on the business space.
All in all, escalating product demand owing to the expanding pulp & paper, chemical, and oil & gas industries in developing countries will augment positive displacement pumps market share over the forecasted span.
Europe is characterized by a concentrated presence of numerous end-user industries. The region is witnessing an upsurge in the number of water treatment facilities and a subsequent rise in oil & gas exploration activities.
Owing to these factors, the Europe positive displacement pumps market recorded nearly 20% of the overall market share in 2020 and is expected to depict substantial growth through 2027.
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Some Point from Table of Contents:
Chapter 4 Positive Displacement Pumps Market, Type
4.1 Global Positive Displacement Pumps Market Type insights
4.2 Rotary
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast by region, 2017 – 2027
4.2.3 Gear
4.2.3.1 Market estimates and forecast, 2017 – 2027
4.2.3.2 Market estimates and forecast by region, 2017 – 2027
4.2.4 Vane
4.2.4.1 Market estimates and forecast, 2017 – 2027
4.2.4.2 Market estimates and forecast by region, 2017 – 2027
4.2.5 Screw
4.2.5.1 Market estimates and forecast, 2017 – 2027
4.2.5.2 Market estimates and forecast by region, 2017 – 2027
4.2.6 Others
4.2.6.1 Market estimates and forecast, 2017 – 2027
4.2.6.2 Market estimates and forecast by region, 2017 – 2027
4.3 Reciprocating
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast by region, 2017 – 2027
4.3.3 Diaphragm
4.3.3.1 Market estimates and forecast, 2017 – 2027
4.3.3.2 Market estimates and forecast by region, 2017 – 2027
4.3.4 Piston/Plunger
4.3.4.1 Market estimates and forecast, 2017 – 2027
4.3.4.2 Market estimates and forecast by region, 2017 – 2027
Chapter 5 Positive Displacement Pumps Market, By End-user
5.1 Global positive displacement pumps market by end-user industry insights
5.2 Water Treatment
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast by region, 2017 – 2027
5.3 Oil & Gas
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast by region, 2017 – 2027
5.4 Chemicals
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast by region, 2017 – 2027
5.5 Pharma
5.5.1 Market estimates and forecast, 2017 – 2027
5.5.2 Market estimates and forecast by region, 2017 – 2027
5.6 Food and beverage
5.6.1 Market estimates and forecast, 2017 – 2027
5.6.2 Market estimates and forecast by region, 2017 – 2027
5.7 Others
5.7.1 Market estimates and forecast, 2017 – 2027
5.7.2 Market estimates and forecast by region, 2017 – 2027
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