Global Diaphragm Pump market outlook 2024, Forecast To 2033
29 Jan, 2024
The diaphragm pump market has shown strong growth, advancing from $6.1 billion in 2023 to $6.63 billion in 2024, reflecting an 8.7% CAGR. Historical expansion is attributed to the growth in chemical processing and petrochemical industries, the demand for reliable and leak-proof pumping solutions, the expansion of water and wastewater treatment facilities, the adoption of diaphragm pumps in food and beverage processing, and stringent regulations on emissions and leakage in industrial processes. Moving forward to 2028, the market is projected to reach $9.08 billion, maintaining an 8.2% CAGR. Future growth is attributed to the expansion of oil and gas exploration and production activities, the adoption of diaphragm pumps in agriculture and irrigation, market growth in developing economies and emerging markets, the demand for hygienic and aseptic pumping solutions in pharmaceuticals, and a focus on energy efficiency and reduced operational costs. Major trends in the forecast period include advanced material technologies, the integration of IoT and remote monitoring, AODD (Air-Operated Double Diaphragm) pump technology, hygienic and sanitary diaphragm pumps, pulsation dampening technologies, and applications in multiphase and high-pressure scenarios.
Global Diaphragm Pump Market Key Driver
The diaphragm pump market is witnessing growth fueled by the growing demand for oil and gas. BP p.l.c reported a 5.3 million barrels per day increase in oil consumption in 2021. Diaphragm pumps, known for their wear resistance, play a crucial role in drawing oil and gas during the upstream and midstream phases of refinement. The surging demand for oil and gas is expected to drive the diaphragm pump market.
Get A Free Sample Of The Global Diaphragm Pump Market ReportGlobal Diaphragm Pump Market Segments
The global diaphragm pump market covered in this report is segmented –
1) By Mechanism: Air Operated, Electrically Operated
2) By Operation: Single Acting Diaphragm Pump, Double Acting Diaphragm Pump
3) By End-user: Water Treatment, Oil And Gas, Chemical, Pharmaceutical, Food And Beverage, Other End-users
By Geography: The regions covered in the Diaphragm Pump market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the diaphragm pump market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the diaphragm pump market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Diaphragm Pump Industry Players
Flowserve Corporation, Grundfos Holding A/S, IDEX Corporation, Ingersoll-Rand PLC, Leak-Proof Pumps (I) Pvt. Ltd., All-Flo Pump Company, Blue-White Industries Ltd, Edwards Vacuum, Lewa GmbH, Lutz Pumpen, Pump Solutions Group, Tapflo AB, Verder International BV, Xylem Inc., Yamada Corporation, ARO Fluid Management, Blagdon Pump, Blue-White Industries, Cole-Parmer, Crane Engineering, Dover Corporation, Finish Thompson, Flowrox, Flux Pumps Corporation, Graco Inc., GRI Pumps, KNF Neuberger, Lutz Pumps, Milton Roy, Neptune Chemical Pump Company, Nikkiso, Pacer Pumps, ProMinent Fluid Controls, Sandpiper Pump, Sera GmbH, Tapflo, TAPPI, Verder Group, Versa-Matic Pump, Viking Pump, Wanner Engineering, Watson-Marlow Fluid Technology Group, Wilden Pump, Yamada Corporation
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Diaphragm Pump Market Overview
Diaphragm pump refers to a hydraulically or mechanically actuated positive displacement pump which utilizes a combination of reciprocating action and either a flapper valve or a ball valve to transfer liquids. Diaphragm pumps are used to meter, dose, and transfer liquids for its suction lift properties. They are used for transferring waste, debris, stones, sludge, and other industrial fluids.
Diaphragm Pump Global Market Report 2023 provides data on the global diaphragm pump market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The diaphragm pump market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.