Positive displacement pumps (PD pumps) refer to mechanical devices that displace a certain amount of liquid for every revolution or cycle that the pump completes. These are generally used for fluids with a high viscosity. In addition to being used where high accuracy is required for metering or dosing, they can also be used for high-pressure washing and wastewater treatment.
The main product types of positive displacement pumps include rotary pumps, reciprocating pumps, and other product types. A rotary pump is a type of positive displacement pump in which a fixed volume of fluid is pumped through a fixed number of revolutions. The various raw materials include bronze, cast iron, polycarbonate, stainless steel, and other raw materials that are used by various end-users such as water treatment, oil and gas, chemicals, pharmaceutical, food and beverage, and others.
The positive displacement pumps market research report is one of a series of new reports from The Business Research Company that provides positive displacement pumps optical components market statistics, including positive displacement pumps optical components industry global market size, regional shares, competitors with a positive displacement pumps optical components market share, detailed positive displacement pumps optical components market segments, market trends, and opportunities, and any further data you may need to thrive in the positive displacement pumps optical components industry. This positive displacement pumps optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The global positive displacement pumps market size is expected to grow from $10.80 billion in 2022 to $11.43 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The positive displacement pumps market size is expected to grow to $14.11 billion in 2027 at a CAGR of 5.4%.
The increasing oil and gas exploration activities are expected to propel the growth of the positive displacement pumps market going forward. Oil and gas exploration includes the procedures and techniques used to identify potential locations for drilling and extracting hydrocarbons. The oil and gas sector uses positive displacement pumps for many purposes, including pipelines, pumping stations, cooling loops, heat exchanger circulation, water supply, and drainage, cooling systems, hot water discharge, and cooling and refrigeration systems. For instance, in November 2022, according to the US Energy Information Administration, a US-based federal statistical agency, the deployment of active good service rig count in the United States increased by 22.23% from 738 in 2020 to nearly 949 in 2021, due to rising oil and gas exploration and drilling operations. Therefore, the increasing oil and gas exploration activities are driving the growth of the positive displacement pumps market.
Product innovation is a key trend gaining popularity in the positive displacement pumps market. Major companies operating in the market are developing innovative products to sustain their position in the market. For instance, in August 2022, Lee Company, a US-based industrial machinery manufacturing company, launched its latest innovation, a new high-performance miniature pump, and a control package. This innovative product is integrated with control electronics that offer unparalleled flexibility in a small, and lightweight package. It features self-priming at altitude, fully variable speed control, unparalleled flexibility, easy installation, and reduces the risks of cavitation at altitude and the pump module also includes intelligence for monitoring pump speed, motor current, and faults. Using leading fluid control technology, Lee company minimizes size, maximizes performance, and this new pump expands its unique and established range of miniature radial piston-designed displacement pumps.
In March 2021, IDEX Corporation, a US-based manufacturing company focusing on the development, design, and manufacture of fluidics systems, optics systems, and other specialty engineered products, acquired Abel Pumps, L.P, and certain of its affiliates for an undisclosed amount. Through this acquisition, IDEX Corporation will combine both expertise by adding Abel and its employees to the IDEX businesses, which is expected to further strengthen the IDEX pump and valve portfolio. Abel Pumps L.P. is a US-based manufacturing company providing reciprocating positive displacement pumps and specializes in membrane pumps.
Major players in the positive displacement pumps market are Ebara Corporation, KSB SE & Co. KGaA, WILO SE, Dover Corporation, Pentair plc., Grundfos Pump Corporation, Sulzer Ltd., Xylem Inc., SPX Flow Inc., Alfa Laval AB, The Weir Group PLC., Fristam Pumpen KG (GmbH & Co), HERMETIC-Pumpen GmbH, Ruhrpumpen Inc., and Tsurumi Pump Inc.
Asia-Pacific was the largest region in the positive displacement pumps market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the positive displacement pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the positive displacement pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The positive displacement pumps market consists of sales of progressive cavity pumps, gear pumps, and impeller pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The global positive displacement pumps market is segmented -
1) By Product Type: Rotary Pumps, Reciprocating Pumps, Peristaltic, Other Product Type
2) By Raw Material: Bronze, Cast Iron, Polycarbonate, Stainless Steel, Other Raw Material
3) By End-User: Water Treatment, Oil And Gas, Chemicals, Pharmaceutical, Food And beverage, Other End-User