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The global market for positive displacement pumps is aided by rapid industrialisation taking place across the globe and the growing utilisation of the product in the wastewater treatment sector. The growing demand for pump repair and remanufacture in high-performance applications, including offshore oil and gas production, is further supporting the industry growth. The Asia Pacific is expected to be one of the significant markets for the product over the forecast period owing to the increased urbanisation and industrialisation in the emerging nations of the region. In the developed regions like North America and Europe, stringent government regulations regarding the treatment of wastewater is expected to provide enhanced growth opportunities to the industry for its growth.
Some of the major players in the global positive displacement pumps industry include Flowserve Corporation (NYSE: FLS) and ITT Inc (NYSE: ITT). The growing demand for reliable, durable, and efficient products with advanced technology is leading manufacturers to improve their product offerings by integrating them with highly engineered solutions. In March 2020, ITT Inc announced that the company’s Enidine brand will showcase its portfolio of innovative energy absorption, vibration isolation, and highly engineered noise attenuation products and solutions for the manufacturing and construction industries at CON/AGG-IFPE 2020 to meet the growing needs of today's global industrial marketplace. Such developments are expected to aid the growth of the global positive displacement pumps industry over the forecast period.
Market Breakup by Product Types, Capacity, Pump Characteristics, Raw Materials, End Use, and Region:
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The major players in the global positive displacement pumps market are Flowserve Corporation, Grundfos Pumps Pty. Ltd, ITT Inc., KSB SE & Co. KGaA, ALFA Laval, and Schlumberger Limited, 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.
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