Positive Displacement Pumps Market Size, Share & Trends Analysis Report By Type (Rotary, Reciprocating), By End-use (Agriculture, Power Generation, Oil & Gas, Chemical), By Region, And Segment Forecasts, 2024 - 2030

Positive Displacement Pumps Market Size, Share & Trends Analysis Report By Type (Rotary, Reciprocating), By End-use (Agriculture, Power Generation, Oil & Gas, Chemical), By Region, And Segment Forecasts, 2024 - 2030

Positive Displacement Pumps Market Growth & Trends

The global positive displacement pumps market size is estimated to reach USD 26.53 billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Positive displacement pumps are crucial components in various industrial applications, and their efficiency is influenced by several driving factors. One key factor is the nature of positive displacement, ensuring a consistent flow regardless of system pressure. The ability to handle high-viscosity fluids and maintain a steady flow rate under varying conditions makes them ideal for processes requiring precision and reliability. In addition, these pumps are often preferred due to their self-priming capabilities, making them effective in situations where a suction lift is necessary.

The product versatility in accommodating different fluids, from thin liquids to highly viscous substances, further contributes to their widespread use in industries, such as oil & gas, chemical processing, and food production. Moreover, advancements in design and materials, as well as the integration of innovative technologies, continue to enhance the efficiency, durability, and overall performance of positive displacement pumps, making them indispensable for critical industrial processes. In industries, such as oil & gas, pharmaceuticals, and food processing, these pumps are favored for their ability to handle shear-sensitive fluids and provide a consistent output. For instance, positive displacement pumps, such as gear or reciprocating pumps, are commonly used to transfer crude oil from production sites to refineries through pipelines.

Crude oil often contains a mix of hydrocarbons with varying viscosities, and positive displacement pumps excel at handling these different fluid properties. The consistent flow provided by these pumps ensures a steady and reliable transfer of crude oil over long distances. The self-priming feature is particularly advantageous in applications like wastewater treatment. These pumps can start and continue to operate effectively even when there is air in the suction line, simplifying the pumping process in systems where maintaining a consistent flow is critical. Moreover, these pumps find extensive use in the food & beverage industry for tasks, such as pumping syrup or handling high-sugar content liquids. The pumps' ability to maintain a consistent flow is vital in ensuring the precise mixing of ingredients and the production of uniform products.

Positive displacement pumps can be designed for high efficiency, contributing to energy savings, and reduced operational costs. This is particularly important in industries where pumps operate continuously, such as water treatment plants, where energy-efficient pumps can lead to substantial long-term savings. Moreover, the need for reliable and efficient fluid-handling solutions is further boosting market growth. Furthermore, growing industrialization in emerging markets, along with increased investments in sectors like oil & gas, chemical processing, and water treatment, is driving product demand. For instance, according to the International Energy Forum, the anticipated annual investment in upstream activities is projected to rise from USD 499 billion in 2022 to USD 640 billion in 2030 to secure ample energy supplies.

This 2030 estimate reflects an 18% increase compared to the assessment made a year earlier, mainly attributed to escalating costs. These factors are anticipated to propel product in the coming years. Manufacturers are undertaking strategies, such as product launches, mergers & acquisitions, and expansions, to produce new products. For instance, in August 2023, Edwards Vacuum introduced the E2S series, a rotary vane vacuum pump designed for applications in industry and research, offering shorter cycle times, higher throughput, and user-friendly operation. The E2S series includes three pump sizes: E2S 45, E2S 65, and E2S 85. This rotary vane pump is well-suited for vacuum drying, degassing, heat treatment, vacuum furnaces, leak testing in automotive manufacturing, coating applications, and various research and analytical applications, further driving market growth.

Positive Displacement Pumps Market Report Highlights

• The rotary-type segment led the market and accounted for a 56.6% share of the global market share in 2023. Rotary pumps, such as gear and screw pumps, excel in providing a continuous and smooth fluid flow, making them ideal for processes requiring constant, non-pulsating delivery. Their ability to handle a wide range of viscosities, from thin liquids to highly viscous substances, positions them as essential components in industries, such as oil & gas, chemical processing, and food production
• Reciprocating type segment is expected to witness a CAGR of 5.1% from 2024 to 2030. Reciprocating pumps, characterized by their piston or diaphragm-driven motion, offer precise fluid control and high-pressure capabilities, making them crucial in industries, such as oil & gas, petrochemicals, and water treatment. These pumps are favored for applications requiring high-pressure delivery, such as hydraulic systems and well-injection processes in oil extraction
• Oil & gas end-use segment led the market and accounted for a share of 26.0% in 2023. These pumps are commonly used in the oil & gas industry for transferring fluids with varying viscosities, such as crude oil and drilling mud. Furthermore, these are effective in handling abrasive and shear-sensitive materials encountered in drilling and exploration processes
• Chemical end-use segment is expected to witness a CAGR of 6.0% from 2024 to 2030. Positive displacement pumps are crucial in handling viscous fluids and fluids with varying viscosities, making them versatile solutions for pumping polymers, resins, and other specialty chemicals. Their robust design enhances their durability & efficiency, making them indispensable components in the safe & precise handling of chemicals across the chemical industry
• Asia Pacific region is expected to witness a CAGR of 5.7% from 2024 to 2030. Increasing demand for energy, coupled with ongoing oil & gas exploration activities in countries like China and India, requires the product usage for processes, such as crude oil transfer, well stimulation, and enhanced oil recovery

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