Positive Displacement Pumps Market to exceed $20.3 Bn by 2027

Positive Displacement (PD) Pumps Market size is set to cross USD 20.3 billion by 2027; according to a new research report by Global Market Insights Inc.
 

Growing usage of water for human & industrial consumption will augment the product demand

Water demand is expected to increase rapidly over the next decade due to the rising population and industries. The global supply of freshwater will suffer from tremendous stress owing to increased consumption of water. Water treatment facilities will thus witness a strong surge in demand across the world. Rotary pumps used in water treatment and management facilities will experience an increased demand. Increasing water pollution and scarcity of water are forcing wastewater treatment facilities to increase their capacity. The expected rise in filtration capacity along with the rising number of treatment plants will fuel the positive displacement pumps market growth.
 

Positive displacement pumps are also used in large numbers in the chemical industry for metering dosing, chemical processing, spraying chemicals, etc. The chemical industry is also witnessing a strong growth on account of the growing downstream industries. Increasing production of aggressive chemicals will propel diaphragm pump demand. Similarly, rotary pumps are witnessing rising adoption in the wastewater management, mining, and pharma industries.
 

Reciprocating pumps will have the largest demand

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The sales of reciprocating pumps are influenced by technological advancements in the market. Smart pumping systems are also witnessing the integration of sensors to capture various parameters including temperature, fluid level, and pressure. The rising end-user industries in major geographical markets is likely to drive the reciprocating pumps market expansion.
 

End-user industries are witnessing a significant demand growth in developing countries such as India, Indonesia, etc.; The positive displacement pumps market is however will experience some hiccups during the projected timeframe. Positive displacement pumps are hard to maintain and have high maintenance costs, which act as major hindrances in the market growth. Technological advancements will likely reduce maintenance costs.
 

The COVID-19 pandemic has severely affected the operations and sales of PD pumps across the globe. Almost all of the countries imposed some form of lockdown or restrictions, lowering the trade activities among countries. Economic activities have come to a standstill due to the closure of factories and major markets. Furthermore, credit crunch and the unavailability of labor have affected global pump production. Increasing vaccination programs coupled with the opening of regional and international markets will fuel the demand.
 

Browse key industry insights spread across 350 pages with 287 market data tables & 22 figures & charts from the report, “Positive Displacement Pumps Market Size By Type (Rotary {Gear, Vane, Screw}, Reciprocating {Diaphragm Piston/Plunger}), By End User (Water Treatment, Oil & Gas, Chemicals, Pharmaceutical, Food & Beverage), COVID19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/positive-displacement-pd-pumps-market
 

Rising end-user industries to spur rotary positive displacement pumps market share

Rotary pumps find applications across end-user industries led by their ability to handle various liquids with various ranges of viscosity. The popularity of rotary pumps is outpacing reciprocating pumps. Rotary pumps have lower maintenance costs compared to reciprocating pumps, making them lucrative to end-user industries. Among all rotary pump types, gear pumps will have the highest CAGR of around 4.4% through 2027.
 

Rising production of specialty and aggressive chemicals to propel market growth

The chemical application segment is set to reach USD 2.4 million by 2027. PD pumps are actively used in the chemical industry for multiple applications. Centrifugal pumps still hold the largest market share in the chemicals sector, however, rotary type PD pumps are witnessing a strong demand from specialty chemical manufacturers.
 

Oil & gas exploration and production to boost the North America market

The North America positive displacement pumps market revenue is predicted to surpass USD 4 billion by 2027. It is a developed and energy-hungry region, holding the largest reserves of oil & gas. North American countries are spending sizably on deep-sea oil & gas exploration activities and many oil refineries have high production rates, increasing the demand for pumps. North America is a mature market; however, the strong presence of end-user industries increases the region’s market potential.
 

Mergers & acquisitions are key strategies

The positive displacement pumps market is highly competitive and has a significant presence of large and medium-scale players. Due to the vastness of pump technology, a single company cannot have expertise in every type of pump. This factor has motivated many manufacturers to adopt the M&A strategy to significantly increase their market share and gain various intellectual properties.
 

For instance, in September 2020, Ingersoll Rand Inc. acquired Albin Pump SAS (Albin). Albin Pump SAS (Albin) has more than 30 years of experience in electric peristaltic pumps. The company also has strong technical expertise in niche product categories, which are now owned by Ingersoll Rand Inc. This acquisition allowed Ingersoll Rand Inc. to gain intellectual expertise in niche products without spending time on research & development and marketing.