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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.
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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