Positive Displacement Pumps Market Key Players Analysis 2031
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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Positive Displacement Pumps Market: Strategic Insights
Market Size Value in US$ 11.5 billion in 2021 Market Size Value by US$ 19.2 billion by 2028 Growth rate CAGR of 6.6% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Positive Displacement Pumps Market: Strategic Insights
| Market Size Value in | US$ 11.5 billion in 2021 |
| Market Size Value by | US$ 19.2 billion by 2028 |
| Growth rate | CAGR of 6.6% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For