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Global Positive Displacement Pumps Market to Grow at a CAGR of 5% During 2021-2026, Aided by Rising Use of the Product in the Wastewater Treatment Sector

According to a new report by EMR titled, ‘Global Positive Displacement Pumps Market Report and Forecast 2021-2026’, the global market size of positive displacement pumps was around USD 12 billion in 2020. The industry is further expected to grow at a CAGR of 5% between 2021 and 2026 to attain a value of around USD 15.9 billion by 2026.

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:

  • On the basis of product types, the positive displacement pumps industry has been segmented into soft and elastic braces and supports, hinged braces and supports, and hard and rigid braces and supports.
  • On the basis of capacity, the industry is divided into low capacity pumps, medium capacity pumps, and high capacity pumps, among others. 
  • Based on pump characteristics, the industry has been segmented into standard pumps, engineered pumps, and special purpose pumps. 
  • The industry, on the basis of raw materials, is categorised into bronze, cast iron, polycarbonate, and stainless steel, among others.
  • The positive displacement pumps find end use in oil and gas, water and wastewater, automotive, and chemicals and petrochemicals, among other industries. 
  • Region-wise, the global market for positive displacement pumps can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for positive displacement pumps is being driven by the increased product utilisation in the wastewater treatment industry and its growing demand in high performance applications like oil and gas production. 
  • Rapid industrialisation and growing urbanisation, particularly in emerging nations, is providing further impetus to the industry. 
  • Increased research and development activities will provide a further boost to the industry. 
  • New product launches by the leading companies will also aid the growth of the positive displacement pumps industry globally. 

Key Offerings of the Report:

  • The EMR report gives a detailed analysis of the global market for positive displacement pumps for the periods (2016-2020) and (2021-2026). 
  • The report offers historical (2016-2020) and forecast (2021-2026) market information for the product types, capacity, pump characteristics, raw materials, end use, and regional markets for positive displacement pumps.
  • The report also gives the price trends in the positive displacement pumps industry.
  • 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 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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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