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Positive Displacement Pumps Market Size

Report ID: GMI3561
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Published Date: August 2024
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Report Format: PDF

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Positive Displacement Pumps Market Size

Positive Displacement Pumps Market was valued at USD 17.58 billion in 2023 and is anticipated to register a CAGR of over 3.3% between 2024 and 2032. Rising energy demand has strengthened exploration and production activities, increasing the reliance on positive displacement pumps for managing high-viscosity fluids in challenging conditions. The adoption of enhanced oil recovery (EOR) techniques, which require precise fluid control, is further boosting demand due to the pumps' consistent flow rates and high-pressure capabilities. Moreover, the expansion of midstream activities, such as pipeline transport and storage, is driving the need for these pumps in accurate metering and safe fluid handling, further supporting market growth.

 

Positive Displacement Pumps Market

Additionally, the positive displacement pumps industry is growing due to the rising demand for water treatment facilities. Increasing global concerns over water scarcity and pollution drive the need for effective water treatment solutions. These pumps are essential for handling various fluid viscosities and ensuring precise flow control in treatment processes. Industrial expansion, urbanization, and stringent environmental regulations further boost demand. Additionally, heightened wastewater treatment initiatives to meet environmental standards have increased the adoption of positive displacement pumps, making them vital in modern water treatment plants.
 

The positive displacement pumps market faces high maintenance costs. These pumps, known for their precision and ability to handle thick fluids, often work under tough conditions, causing wear and tear. Regular maintenance is necessary to keep them running well and avoid downtime, but the costs for parts, labor, and downtime can be high. New manufacturers face challenges from established brands with loyal customers and extensive networks. Increased competition and market saturation reduce profit margins and make product differentiation difficult.

Authors: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :
Why is the use of rotary positive displacement pumps growing?
The rotary type segment in the positive displacement pumps market is expected to reach USD 12.59 billion by 2032, owing to their reliability and durability in demanding conditions.
How much is the APAC positive displacement pumps industry worth?
Who are the major positive displacement pumps market players?
How big is the positive displacement pumps market?
Positive Displacement Pumps Market Scope
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    Premium Report Details

    Base Year: 2023

    Companies covered: 15

    Tables & Figures: 232

    Countries covered: 22

    Pages: 161

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