Positive Displacement Pumps Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Positive Displacement Pumps Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Global Positive Displacement Pumps Market was valued at USD 17.58 billion in 2023 and is projected to grow at a CAGR of over 3.3% from 2024 to 2032. The rising energy demand has bolstered exploration and production activities, heightening the dependence on positive displacement pumps. These pumps are crucial for managing high-viscosity fluids under challenging conditions. Furthermore, the adoption of enhanced oil recovery (EOR) techniques, which necessitate precise fluid control, amplifies the demand for these pumps, thanks to their consistent flow rates and high-pressure capabilities. Additionally, the growth of midstream activities, including pipeline transport and storage, underscores the need for these pumps in accurate metering and safe fluid handling, propelling market growth.

The positive displacement industry is increasingly prioritizing energy-efficient pumps, driving business expansion. Many industries are now integrating high-efficiency motors and variable frequency drives (VFDs) to optimize pump performance and curtail energy consumption. This shift is largely in response to stringent global energy efficiency regulations. Furthermore, with a heightened focus on sustainability, there is a growing demand for pumps that can significantly reduce operational costs through lower energy consumption. In response, manufacturers are innovating with advanced pump designs and incorporating smart technologies to enhance energy efficiency, aligning with both regulatory mandates and the industry's push for greener operations.

The overall industry is classified into type, end user, capacity, operating pressure, application, distribution channel, and region.

The rotary segment generated a revenue of USD 9.59 billion in 2023 and is projected to reach USD 12.59 billion by 2032. Rotary pumps lead the global positive displacement pump market, celebrated for their efficiency and versatility. They adeptly handle a range of fluids, including those with varying viscosities and abrasive particles. Renowned for their reliability and durability, rotary pumps excel in demanding conditions, making them the go-to choice for heavy-duty applications.

The oil & gas segment commanded a dominant market share of 41% in 2023 and is forecasted to grow at a CAGR of 3.1% from 2024 to 2032. The oil & gas industry demands pumps that are both reliable and durable, especially for harsh environments and high-viscosity fluids. These pumps play a pivotal role in operations, such as enhanced oil recovery, where fluid control precision is paramount.

Asia Pacific positive displacement pumps market was valued at over USD 8.74 billion in 2023 and is set to exceed USD 12.21 billion by 2032. This growth is fueled by rapid industrialization and extensive infrastructure development in the region. Sectors like oil & gas, water treatment, and manufacturing are witnessing swift growth, driving the demand for reliable pumping solutions. Moreover, urbanization and large-scale projects in nations like China and India, coupled with expanding oil & gas activities, will further amplify the demand for high-performance pumps.