Positive Displacement Pumps Market Forecasts to 2028 – Global Analysis By Capacity (Small, Medium, High), Product Type (Reciprocating, Rotary), Application, and By Geography

Positive Displacement Pumps Market Forecasts to 2028 – Global Analysis By Capacity (Small, Medium, High), Product Type (Reciprocating, Rotary), Application, and By Geography

According to Stratistics MRC, the Global Positive Displacement Pumps Market is accounted for $2,709.39 billion in 2021 and is expected to reach $4,322.31 billion by 2028 growing at a CAGR of 6.9% during the forecast period. A positive displacement pump moves a fluid by repeatedly enclosing a fixed volume with the assistance of valves or seals and moving it precisely through the system. These kinds of pumps have a high capability of high-pressure improvement from low operating suction pressures, where the flow rate is controlled based on speed variation and by recycling feed material.

The growing population, increasing water & wastewater activities and rapid industrialization in developing countries have resulted in the ever-growing demand for oil& gas, power, and food & beverage, thus augmenting pump market growth. According to UNICEF, four billion people, almost two-thirds of the world’s population experience severe water scarcity for at least one month each year. Over two billion people live in countries where water supply is inadequate. Half of the world’s population could be living in areas facing water scarcity by as early as 2025.

Market Dynamics:

Driver:

Increasing mining activities

Positive displacement pumps are widely integrated into different industry verticals because of their high operational efficiency and less frequent maintenance needs. These are additionally utilized altogether in various mining operations across the globe because of their ability to reduce abrasive wear & tear of its components by working at slow speeds. A PDP also offers significant energy savings by working with high effectiveness and are introduced for mine dewatering & pumping fluids with solid content. Moreover, economical operations, varying pressure output, reliable operations, and optimum displacement design are some of the factors propelling the adoption of these units in power generation stations.

Restraint:

Precise operation conditions coupled with need of additional equipment

The movement of pistons in a positive displacement pump often creates pulsations between the outlet and inlet ports of the body. These extreme pulsations are probably going to impart significant damage to local systems if they are not treated. Consequently, a pulsation dampener is needed in an oscillating PDP unit to treat the oscillations and mitigate risks to other equipment. Also, the products require pressure relief or safety valves along with numerous other wear & tear prevention parts as it does not put restrictions on the pressure of the fluid. PD pumps are additionally susceptible to high speeds attributable to their complex mass balancing to solve vibrating issues.

Opportunity:

Implementation of advanced solutions

Several industry players are promptly expanding their focus on providing end-to-end pump monitoring to limit any risk of component failure. Different innovations are integrated to provide cost-effective solutions for observing temperature, vibration, flow rate, and fluid movement by installing tools like sensors, Wi-Fi, data analytics, advanced variable frequency drives, and Industrial Internet of Things (IIoT). Moreover, these innovative solutions broadly help to perform predictive analysis and precisely evaluate the equipment’s life cycle, and performance indication and preclude the facility from unplanned downtime.

Threat:

Availability of centrifugal pumps

The high market share of centrifugal pumps is probably going to act as a challenge to the global positive displacement pumps market growth. Centrifugal pumps have a comparatively higher market share than the positive displacement pumps market globally. This is typical because performance characteristics combined with its extended scope of end-user applications make it a preferred choice over positive displacement pumps. Additionally, in terms of the product cost, centrifugal pumps are relatively inexpensive as compared to positive displacement pumps.

The reciprocating pump segment is expected to be the largest during the forecast period

The reciprocating pump segment is estimated to have a lucrative growth owing to its extensive features and a wide range of applications. The pump utilizes a plunger, piston, or diaphragm in continuous back-and-forth movement to provide high-pressure output with accurate metering of pump discharges. Reciprocating pumps are available in single-acting and double-acting system designs based on the number of discharges and suction per crankshaft revolution.

The chemicals and petrochemicals segment is expected to have the highest CAGR during the forecast period

The chemicals and petrochemicals segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the constant requirement of various chemical products as raw materials to manufacture other goods along with the rising construction of different-sized chemical plants.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to the presence of large domestic markets such as China, India, Indonesia, etc, and expanding hydrocarbon activities to suffice the expanding energy demand among various countries. Also, many manufacturers are establishing their production base in the Asia Pacific to take advantage of the regional markets.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to the presence of a wide range of domestic manufacturing and processing industries along with huge water and wastewater management and power generation sectors. U.S. and Canada are the key countries with established power generation and chemical processing plants propelling the market in the region.

Key players in the market

Some of the key players profiled in the Positive Displacement Pumps Market include Alfa Laval, Xylem Inc., WILO SE, Tsurumi Pump, Ampco Pumps Company Inc., Sulzer AG, Ruhrpumpen Group, Pentair, Lakeside Equipment Corporation, KSB AG, ITT Inc., Grundfos, Flowserve Corporation, Ebara Corporation, Dover Corporation, Atlas Copco, The Weir Group plc and Blackmer.

Key Developments:

In Sep 2020, Blackmer launched its new MAGNES Series Sliding Vane Magnetic Drive Pumps. The pumps represent the latest advancement in seal-less magnetic drive technology. Blackmer MAGNES Series pumps incorporate innovative design features that provide a unique combination of flexibility, functionality, and reliability.

In November 2019, The Weir Group plc. announced the successful integration of their GEHO positive displacement pumps in SIMEC mining’s project in South Australia. The company’s GEHO units help to transport slurry at the rate of around 300 tons per hour through a pipeline to a steel producing facility.

Capacities Covered:
• Small Capacity
• Medium Capacity
• High Capacity

Product Types Covered:
• Reciprocating Pump
• Peristaltic Pumps
• Rotary Pump

Pump Characteristics Covered:
• Special Purpose Pumps
• Engineered Pumps
• Standard Pumps

Raw Materials Covered:
• Stainless Steel
• Polycarbonate
• Cast Iron
• Bronze

Applications Covered:
• Downstream
• Midstream
• Upstream

End Users Covered:
• Water & Wastewater
• Pulp & Paper
• Mining
• Oil & Gas
• Pharmaceutical
• Food & Beverage
• Power Generation
• Chemicals and Petrochemicals
• Automotive
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances