Positive Displacement Pump Market- Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2022-2032
A recently published study by FMI expects the global positive displacement pumps market to augment at a 4.3% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 21 Billion is expected for the market. The use of positive displacement pumps is largely favored by various end user industries across the globe. In addition, the unique nature of every end user industry has led to the innovation of different positive displacement pumps.
From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 3% and closing at US$ 13.22 Billion. Although the COVID-19 pandemic affected the growth of the positive displacement pumps market, post-pandemic, the demand for the same has increased, creating better revenue opportunities for manufacturers.
Furthermore, the strong presence of oil and gas industries especially in Middle East and Africa and North America is contributing to market growth. Positive displacement pump manufacturers are designing and innovating industry specific pumps to reach a larger consumer base. This, in turn, is bolstering the demand for positive displacement pumps.
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Key Takeaways from the Market Study
- By application, the oil & gas sector is expected to hold 22% market share for positive displacement pumps in 2022
- By product type, reciprocating pumps will account for more than 66% for positive displacement pumps in 2022
- Middle East and African countries will account for over 43% for positive displacement pumps market in 2022
- Asia Pacific is expected to hold 25% market share for positive displacement pumps market in 2022
- Europe is expected to account for over 30% market share for positive displacement pumps in 2022.
- North America is expected to rise at over 3% CAGR over the forecast period.
“The increasing application of positive displacement pumps in end user applications is a major factor contributing to the growth of the market. Moreover, growth of end user industries in different geographical locations is propelling the sales of positive displacement pumps.” says an FMI analyst
Key players in the positive displacement pump market are Ebara Corporation, Xylem Inc., Sulzer AG, Flowserve Corporation, Grundfos, Wier Group, KSB Group are some prominent positive displacement pumps manufacturers
- Grundfos, a key player in the positive pump displacement market is focusing on customizing and designing pumps according to the requirements from the end user industries.
- Ebara Corporation, another key player in the positive pump displacement market is offering pumps for end user industries that are durable and material resistant for longer durations.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global positive displacement pumps market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Reciprocation Pump, Rotary Pump), by Application Type (Oil & Gas, Chemical, Water & Wastewater, Pulp & Paper, Power, Others) across five major regions (North America, Latin America, Europe, South Asia & Pacific, East Asia and Middle East & Africa).
About the Industrial Automation Domain at Future Market Insights
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.