According to a recent FMI study, the global positive displacement pump market will grow at a 4.3% CAGR from 2022 to 2032. The market is expected to be valued at US$ 21 billion by the end of the assessment period.
Positive displacement pumps are widely used in a variety of end-user industries around the world. Furthermore, the distinct nature of each end user industry has resulted in the development of novel positive displacement pumps.
From 2017 to 2021, the industry grew significantly, with a 3% value CAGR and a total value of US$ 13.22 billion. Although the COVID-19 pandemic slowed the growth of the positive displacement pump market, post-pandemic demand has increased, providing manufacturers with more revenue opportunities.
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Furthermore, the strong presence of oil and gas industries especially in Middle East and Africa and North America is contributing to market growth. Positive displacement pump manufacturers are designing and innovating industry specific pumps to reach a larger consumer base. This, in turn, is bolstering the demand for positive displacement pumps.
Key Takeaways from the Market Study
- By application, the oil & gas sector is expected to hold 22% market share for positive displacement pumps in 2022
- By product type, reciprocating pumps will account for more than 66% for positive displacement pumps in 2022
- Middle East and African countries will account for over 43% for positive displacement pumps market in 2022
- Asia Pacific is expected to hold 25% market share for positive displacement pumps market in 2022
- Europe is expected to account for over 30% market share for positive displacement pumps in 2022.
- North America is expected to rise at over 3% CAGR over the forecast period.
“The increasing application of positive displacement pumps in end user applications is a major factor contributing to the growth of the market. Moreover, growth of end user industries in different geographical locations is propelling the sales of positive displacement pumps.” says an FMI analyst
Market Competition
Key players in the positive displacement pump market are Ebara Corporation, Xylem Inc., Sulzer AG, Flowserve Corporation, Grundfos, Wier Group, KSB Group are some prominent positive displacement pumps manufacturers
- Grundfos, a key player in the positive pump displacement market is focusing on customizing and designing pumps according to the requirements from the end user industries.
- Ebara Corporation, another key player in the positive pump displacement market is offering pumps for end user industries that are durable and material resistant for longer durations.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global positive displacement pumps market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product Type (Reciprocation Pump, Rotary Pump), by Application Type (Oil & Gas, Chemical, Water & Wastewater, Pulp & Paper, Power, Others) across five major regions (North America, Latin America, Europe, South Asia & Pacific, East Asia and Middle East & Africa).
Key Segments Profiled in the Positive Displacement Pumps Industry Survey
Positive Displacement Pumps Market by Product Type:
- Reciprocating Pump
- Rotary Pump
Positive Displacement Pumps Market by Application:
- Oil & Gas
- Chemicals
- Water & Wastewater
- Pulp & Paper
- Power
- Others
Positive Displacement Pumps Market by Region:
- North America Positive Displacement Pumps Market
- Latin America Positive Displacement Pumps Market
- Europe Positive Displacement Pumps Market
- South Asia & Pacific Positive Displacement Pumps Market
- East Asia Positive Displacement Pumps Market
- Middle East & Africa Positive Displacement Pumps Market
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
- Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
- Global Positive Displacement Pump Market Demand Analysis 2016-2021 and Forecast, 2022-2032
5.1. Historical Market Volume (Units) Analysis, 2016-2021
5.2. Current and Future Market Volume (Units) Projections, 2022-2032
5.3. Y-o-Y Growth Trend Analysis
About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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