Positive Displacement Pumps Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The Positive Displacement Pumps Market size is projected to reach US$ 26.88 billion by 2031 from US$ 17.34 billion in 2023. The market is expected to register a CAGR of 5.6% in 2023–2031. The positive displacement pumps are designed and developed for transferring fluid by capturing a certain capacity of liquid and consequently dismissing it into a discharge pipe. These positive displacement pumps have wide applications across various industries, such as water and wastewater management, oil and gas, chemical processing, food and beverages, and pharmaceuticals.

Positive Displacement Pumps Market Analysis

The rising development in the power sector with the expansion of electricity infrastructure in rural parts of developing nations like Asia Paxfix is anticipated to drive the demand for microgrids globally. Smart grid integration and the growing application of microgrids for industrial and manufacturing sectors are also acting as major driving factors for the Positive Displacement Pumps Market. Additionally, growing government focus on mitigating carbon footprint to reduce the level of environmental pollution is also driving the demand for microgrids globally.

Positive Displacement Pumps Market Overview

The mounting demand for energy-efficient pumping systems, compelled by a growing emphasis on sustainability, shows as one of the leading drivers for the positive displacement pumps market. The increasing awareness for the environmental impact of industrialization and focus on reducing energy consumption is anticipated to drive the growth of positive displacement pumps globally. The growing application of positive displacement pumps in the chemical and oil and gas industry, owing to the capability of transferring highly toxic liquids, has been fueling the growth of the positive displacement pumps market globally. The positive displacement pumps market is segmented into products and applications. Based on product, the market is categorized into reciprocating, rotary, and others. On the basis of application, the market is classified into oil and gas, water treatment, chemical, pharmaceutical, food and beverages, and others.

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Positive Displacement Pumps Market: Strategic Insights

Positive Displacement Pumps Market

• Market Size 2023
  US$ 17.34 Billion
• Market Size 2031
  US$ 26.88 Billion

Market Dynamics

GROWTH DRIVERS

• Growing Demand for Energy Efficient Solutions is Expected to be the Prime Driver for the Positive Displacement Pumps Market

FUTURE TRENDS

• Growing Application of Positive Displacement Pumps in Chemical Industry

OPPORTUNITIES

• Growing Number of Water and Wastewater Facilities

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Product

• Reciprocating
• Rotary

Application

• Oil and Gas
• Water Treatment
• Chemical
• Pharmaceutical
• Food and Beverages

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Positive Displacement Pumps Market Drivers and Opportunities

Growing Demand for Energy Efficient Solutions is Expected to be the Prime Driver for the Positive Displacement Pumps Market

The growing preference for energy-efficient pumps has been growing in recent times. Energy efficiency can provide long-term benefits by reducing overall electricity demand by lowering the need to invest in new infrastructure. To attain energy efficiency, many manufacturing industries and commercial manufacturing companies are procuring high-efficiency positive displacement pumps for various industrial sectors such as oil& gas, chemicals, and water and wastewater. An efficient, positive displacement pump utilizes less energy and operates more effectively than conventional pumps, lowering the carbon footprint. Positive displacement pumps can be used in food and beverages, and industrial setups to decrease energy costs and greenhouse gas emissions. Thus, the growing demand for energy-efficient solutions drives the evolution of positive displacement pumps.

Growing Number of Water and Wastewater Facilities

Households and industries produce a majority of wastewater. Every year, ~380 billion of municipal wastewater is generated globally. As a result, the demand for proper infrastructure development in the water and wastewater management sector is rising due to the mounting population and rising urbanization. Governments of numerous countries are concentrating on installing proper wastewater treatment facilities to safeguard the environment from pollution. For example, in 2022, over 16,000 public wastewater treatment facilities were in the US. Over 80% of the US population consumes drinking water from these facilities after proper treatment, and approximately 75% of the US population has sanitary sewerage treated in these treatment facilities. The growing emphasis on proper water and wastewater treatment infrastructure is boosting the application of positive displacement pumps, which is anticipated to offer major growth opportunities for the positive displacement pumps market worldwide.

Positive Displacement Pumps Market Report Segmentation Analysis

Key segments that contributed to the derivation of the positive displacement pumps market analysis are product and application.

• Based on product, the positive displacement pumps market has been divided into reciprocating, rotary, and others. The rotary segment held a larger market share in 2023.
• Based on application, the positive displacement pumps market has been divided into oil and gas, water treatment, chemical, pharmaceutical, food and beverages, and others. The oil and gas segment held a larger market share in 2023.

Positive Displacement Pumps Market Share Analysis by Geography

The geographic scope of the Positive Displacement Pumps Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Asia Pacific led the positive displacement pumps market in 2023. The Asia Pacific region includes China, India, Australia, Japan and South Korea. The high presence of positive displacement pump manufacturing companies and the developing oil and gas and water and wastewater treatment infrastructure sectors are acting as a major driver for the positive displacement pump market in the Asia Pacific. Additionally, rapid urbanization and the growing application of positive displacement pumps in the chemical processing industry are also actung as a major driver for the market in the Asia Pacific region. Rapid evolution in the oil and gas sector and rising focus on offshore oil and gas activities are also projected to drive the evolution of the positive displacement pumps market over the forecast period in the Asia Pacific. Growing focus on smart city development and rapid development in the food and beverages sector is standing as a driver for the positive displacement pumps market in the Asia Pacific.

Positive Displacement Pumps Market Market Report Scope

Positive Displacement Pumps Market News and Recent Developments

The Positive Displacement Pumps Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Positive Displacement Pumps Market and strategies:

• On March 2021, Packo introduced rotary lobe pumps for the pharmaceutical, biotech, and cosmetic industries. (Source: Packo, Press Release/Company Website/Newsletter)
• On March 2021, IDEX Corporation acquired ABEL Pump Technology. (Source: IDEX Corporation, Press Release/Company Website/Newsletter)

Positive Displacement Pumps Market Report Coverage and Deliverables

The “Positive Displacement Pumps Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis