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Positive Displacement Pumps Market Size
- Report ID: GMI3561
- Published Date: Aug 2024
- Report Format: PDF
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Positive Displacement Pumps Market Size in 2023: | USD 17.58 Billion |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 3.3% |
| 2024 – 2032 Value Projection: | USD 23.58 Billion |
| Historical Data for: | 2018 –2023 |
| No. of Pages: | 161 |
| Tables, Charts & Figures: | 232 |
| Segments covered: | by type, by end user, by capacity, operating pressure, application, distribution channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Positive Displacement Pumps Market Scope
