Insights Into The Positive Displacement Pumps Market’s Growth Opportunities Through 2023-2032 – Includes Positive Displacement Pumps Industry
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Positive displacement pump manufacturers should become more innovative over the forecast period as oil and gas exploration activities increase.
The global positive displacement pumps market is expected to grow from $10.80 billion in 2022 to $11.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The positive displacement pumps market size is expected to grow to $14.11 billion in 2027 at a CAGR of 5.4%.
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Global positive displacement pumps Market Segments Include:
- By Product Type: Rotary Pumps, Reciprocating Pumps, Peristaltic, Other Product Type
- By Raw Material: Bronze, Cast Iron, Polycarbonate, Stainless Steel, Other Raw Material
- By End-User: Water Treatment, Oil And Gas, Chemicals, Pharmaceutical, Food And beverage, Other End-User
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global positive displacement pumps market in 2021.
Major Market Players in the positive displacement pumps market include Ebara Corporation, KSB SE & Co. KGaA, WILO SE, Dover Corporation, Pentair plc., Grundfos Pump Corporation, Sulzer Ltd., Xylem Inc., SPX Flow Inc.
Product innovation is a critical trend that is becoming increasingly popular in the positive displacement pump market. Major industry players are developing cutting-edge products in order to maintain their market share. For example, the Lee Company, a manufacturer of industrial machinery based in the United States, debuted its most recent invention—a high-performance micro pump—along with a control package in August 2022. This cutting-edge product includes control electronics that provide unrivaled flexibility in a small, lightweight package. It has self-priming at altitude, fully variable speed control, unrivaled versatility, simple installation, and intelligence for monitoring pump speed, motor current, and faults, which reduces the risk of cavitation at altitude. By minimizing size while maximizing performance, this new pump joins Lee Company’s distinctive and well-established lineup of small radial piston displacement pumps.
The Positive Displacement Pumps Global Market Report 2023 provides a positive displacement pumps market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The positive displacement pumps market forecast analyzes positive displacement pumps market size, positive displacement pumps market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Positive displacement pumps (PD pumps) are mechanical devices that move a specific amount of liquid with each rotation or cycle. They are typically used with fluids of high viscosity. They can be used for high-pressure washing and wastewater treatment, as well as other applications requiring high accuracy for metering or dosing.
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