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Global Double Diaphragm Pumps Market to Grow at a CAGR of 5.5% During 2022-2027, Aided by the Robust Growth of the Oil and Gas Sector

According to a new report by EMR titled, ‘Global Double Diaphragm Pumps Market Report and Forecast 2022-2027’, the market attained a value of about USD 4.59 billion in 2021. The market is further expected to grow at a CAGR of 5.5% in the forecast period of 2022-2027 to reach a value of nearly USD 6.33 billion by 2027.

As double diaphragm pumps are leak-free, they are increasingly utilised to handle highly viscous fluids, sludges, and abrasives. This, in turn, is propelling its demand in the oil and gas sector for various applications such as bulk transfer, oils and glycol transfer, and settling pond transfer. With double diaphragm pumps being self-priming and ideal for use in hazardous environments, their demand in the oil and gas sector is witnessing a surge.

 

Moreover, various benefits associated with double diaphragm pumps, such as easy maintenance, cost-effectiveness, and reliability, among others, are bolstering their demand in several end-use sectors, such as chemicals and wastewater treatment, among others. The growing availability of double diaphragm pumps with diverse sizes and flow rates, as well as customisable casing options and accessories, are expected to further propel the growth of the double diaphragm pumps market in the forecast period.

 

The growing number of mergers and acquisitions are further expected to propel the growth of the market. For instance, for a cash consideration of USD 120 million, subject to customary post-closing adjustments, IDEX Corporation (NYSE: IEX) announced in November 2021 that it had entered into a definitive agreement to acquire Nexsight, LLC and its market-leading businesses, Envirosight, WinCan, MyTana, and Pipeline Renewal Technologies (PRT).

 

The acquisition will support and strengthen the already successful IDEX business units iPEK and ADS, which design and develop sewer crawlers, inspection and monitoring equipment, and software programmes that enable teams to remotely detect, foresee, and resolve problems with wastewater systems.

 

Moreover, the pumps meet the evolving consumer demands for equipment with enhanced control, decreased operation and ownership costs, and low energy consumption. It also represents another step in the company’s cutting-edge electric technology for the processing sector.

 

Market Analysis by Mechanism, Discharge Pressure, Operation, End User, and Region:

  • On the basis of mechanism, the double diaphragm pumps can be divided into air operated and electrically operated.
  • Based on discharge pressure, the market can be divided into up to 80 bar, 80 bar to 200 bar, and above 200 bar.
  • The major operations of double diaphragm pumps include single acting and double acting.
  • By end user, the market is classified into water and wastewater, oil and gas, chemicals, pharmaceuticals, food and beverage, among others.
  • The regional markets for double diaphragm pumps include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The versatility offered by double diaphragm pumps is driving their demand in several industries like oil and gas, pharmaceuticals, chemicals, and food and beverages, which is propelling the growth.
  • The market for double diaphragm pumps is being aided by rapid industrialisation, the increasing urbanisation, the surging population, and the rising energy demand.
  • The rising adoption of double diaphragm pumps in the wastewater and water treatment sectors is invigorating the market’s expansion.
  • The growing manufacturing of double diaphragm pumps by the leading companies is further aiding the market growth.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for double diaphragm pumps for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the mechanisms, discharge pressures, operations, end users, and major regions of double diaphragm pump.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the market are PSG Dover, GemmeCotti srl, Graco Inc., IDEX Corporation, and Dr. JESSBERGER GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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