Positive Displacement Pumps Market Synopsis:
Positive Displacement Pumps Market Size Was Valued at USD 19.06 Billion in 2023, and is Projected to Reach USD 29.06 Billion by 2032, Growing at a CAGR of 4.8% From 2024-2032.
Positive displacement pumps mean a type of mechanical machinery used to transport fluids by portioning a specific quantity and expelling it into a discharge pipe. While, centrifugal pumps give velocities to the fluid, positive displacement pumps maintain that they discharge a fixed amount of the fluid at a given RPM irrespective of the pressure at the discharge side. This characteristic puts them in viable use in any system that demands accurate flow regulation including chemical, oil and gas and water treatment industries.
This market has very much developed itself positively over the time period under consideration and has registered a noteworthy growth ratio mainly due to an ever-rising demand for Positive Displacement Pumps in numerous industries across the global markets. In the oil and gas industry the application of these pumps is used for movement of crude oil and well stimulation besides chemical injection. They are common in the chemical industry because of the need to dose and manage high viscosity liquid loads. Further, the water and wastewater treatment industry applies positive displacement pumps in sludge as well as dosing functions.
There are new and improved types of pump technology available today, which is also driving the growth of the market. The companies are considering innovative products regarding energy-efficient structures because of increased environmental pressures and cutthroat competition. IoT and automation, have fueled evolution of the pump performance, which remains the key to its growing applications across industries.
Positive Displacement Pumps Market Trend Analysis:
Integration of IoT and Automation in Positive Displacement Pumps
- The positive displacement pumps market is pointing towards a substantial shift in adopting Io T and automation. To date, sensors and connectivity elements are integrated into the pump systems, facilitating monitoring of attributes such as pressure, temperature and flow rates in real-time. This creates a mechanism for predictive maintenance, meaning that machines are worked on before they break down, minimising time wastage and promoting efficiency in cost.
- Control and monitoring of pump operations can also be done remotely, and it can also include an optimum control of the same. Some of these include oil and gas, chemical processing and water treatment to enhance process monitoring and meet the high requirements set by industry regulators. New opportunities for growth owing to digitalization are seen as regulatory changes that are expected to fuel innovation in the positive displacement pumps market.
Growing Demand in Emerging Economies
- New entrants in the market can also be availing substantial opportunities in the emerging economies. Extension of industrialization, city construction, infrastructure construction in various areas such as China, India, and Brazil will boost the prospects for efficient fluid handling requirements. The employment of positive displacement pumps these industries like oil and gas, chemicals, water treatment industries demands positive displacement pumps as the industries expand these regions.
- Furthermore, there is government effort towards ensuring supply of water and sanitation, which is an added advantage in this market. These markets are also being attractive by manufacturers providing competitive and innovative pumping technologies suitable for developing countries.
Positive Displacement Pumps Market Segment Analysis:
Positive Displacement Pumps Market Segmented on the basis of Type, Application, Capacity, and Region
By Type, Rotary Pumps segment is expected to dominate the market during the forecast period
- Positive displacement pumps are segment based on the type of pump, and rotary pump is a large part of this market. Rotary pumps work through the manner in which a quantity of fluid is held and advanced through the system by means of rotary elements such as gears, screws or vanes. These types of pumps are ideal when pumping high viscosity fluids and find application in oil and gas, chemical and food processing sectors. This makes them highly appropriate for use in purposes that demand precision in regard to flow rates despite fluctuations in system pressure.
- Another essential category entail Reciprocating pumps, work through the Piston or Diaphragm that moves backward and forward to effect suction at the inner chamber and discharge the fluid at the determined pressured. These pumps are designed to deliver high pressure, of course, and are applied in such processes as water purification, extraction, hydraulic system and many others. In its turn, peristaltic pumps utilize the phenomenon of muscle contraction and back relaxation of a flexible tube through which fluids are pumped. It is especially used where slurries and tough or delicate foliage are involved and as such an inherent tool in pharmaceutical and chemical dosing. Pump types mentioned above has its own special function according to the need of industries in the market.
By Application, Oil & Gas segment expected to held the largest share
- Positive displacement pumps are extensively employed in different industries although the favoured industrial sector is the oil and gas sector. In the oil and gas business, these pumps are very important for functions such as crude oil and product transfer, chemical injection and well enhancement procedures. Due to the mentioned advantages that they can withstand high viscosity liquid and ensures even flow rate they are suitable for this developed and tough operational sectors. The same way, in chemical processing, they allow sensitive dosing and transferring of corrosive, or high viscous chemicals to accurately measure and transfer fluids to other stages in production.
- Besides oil and gas and chemical processing application, positive displacement pumps are used in water and wastewater treatment. They are employed in moving sludge, adding chemicals and controlling and treating wastewater, being effective regarding movement of large quantities. Such lumps are used in the production of vaccines, drugs, and other sensitive fluids hence the pharmaceuticals industry enjoys the precise and hygienic conductions of these pumps. In the food and beverage industry, positive displacement pumps are used to transport ingredients, to pump highly viscous fluids such as syrups, and to incorporate the character of a reliable and smooth-running manufacturing process into the food production. All these industries employ the pumps based on the dependability, precision, and flexibility afforded by positive displacement pumps.
Positive Displacement Pumps Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The positive displacement pumps market in the Asia Pacific was considerably large in 2023 and was responsible for around 40.3% of the global revenue.
- This dominance has been influenced by increasing infrastructure construction mostly in the Asian region especially in china and India thereby increasing demand for these pumps across various segments that include crude pumping and precise chemical delivery. The improvements introduced in technology to increase the efficiency of pumps and an emphasis on sustainable and parsimonious technologies have strengthened the market further. Thus, for the future, the Asia Pacific market confirms an organized development due to the on-going economic development as well as the investments in infrastructures.
Active Key Players in the Positive Displacement Pumps Market:
- Alfa Laval (Sweden)
- Dover Corporation (USA)
- Flowserve Corporation (USA)
- Grundfos Holding A/S (Denmark)
- IDEX Corporation (USA)
- Ingersoll Rand (USA)
- KSB SE & Co. KGaA (Germany)
- NETZSCH Pumps & Systems (Germany)
- Schlumberger Limited (USA)
- SPX Flow (USA)
- Sulzer Ltd (Switzerland)
- The Weir Group PLC (UK)
- Viking Pump, Inc. (USA)
- Wilo SE (Germany)
- Xylem Inc. (USA), and Other Active Players.
Key Industry Development in the Positive Displacement Pumps Market:
- In July 2024, The Lee Company launched miniature positive displacement pumps with an innovative radial piston design. Engineered for aerospace and hi-tech applications, these pumps delivered exceptional performance, reliability, and precision, meeting stringent demands across advanced industries with cutting-edge technology.
- In April 2024, Vogelsang launched a new line of positive displacement pumps designed to meet the demanding requirements of industrial pumping applications, including oil and gas operations. These pumps delivered enhanced efficiency, reliability, and adaptability, making them ideal for handling challenging materials while ensuring optimal performance across diverse industrial environments.
- In January 2024, SPX FLOW's Waukesha Cherry-Burrell (WCB) brand introduced the Universal 2 ND positive displacement pump (U2 ND) Series. Designed for industrial markets, it combined WCB's renowned quality and durability with optimized cost-efficiency, offering a reliable solution tailored to diverse industrial needs.
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Positive Displacement Pumps Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 19.06 Billion |
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Forecast Period 2024-32 CAGR: |
4.8 % |
Market Size in 2032: |
USD 29.06 Billion |
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Segments Covered: |
By Type |
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By Application |
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By Capacity |
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By Region |
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Key Market Restraints: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Positive Displacement Pumps Market research report is 2024-2032.
