According to a report from Future Market Insights, the net worth of the total positive displacement pumps sold globally in 2023 could be around US$ 14.12 billion. Positive displacement pumps have seen impressive development in recent years with an increase in demand for their use in several critical industries including oil mining. They have become essential instruments in a variety of applications due to their outstanding capacity to move viscous liquids, prompting manufacturers to increase production.
The global demand for positive displacement pumps market is projected to increase at a CAGR of 4.4% during the forecast period between 2023 and 2033. This promising growth rate is poised to expand the marketplace for the market positively by reaching a total of US$ 21.72 billion by 2033.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-522
Positive displacement pumps have become popular in the chemical sector to move chemical and abrasive fluids, safely and precisely.
Recent Developments by the Positive Displacement Pumps Manufacturing Industries
- In the year 2021, Parker Hannifin released a new MicroVane pump, a tiny rotary vane pump intended for use in medical applications.
- In January 2021, May River Capital acquired Unibloc Pump Company to expand its production capacity. Likewise, in September 2020, PSG Pumps was purchased by Flowserve Corporation while its Process Pumps division was purchased by Sulzer AG in October that year.
Scope Of Report:
| Report Attributes | Details | |||
| Market Value in 2022 | US$ 13.78 billion | |||
| Market Value in 2033 | US$ 21.72 billion | |||
| Growth Rate | CAGR of 4.4% from 2023 to 2033 | |||
| Base Year for Estimation | 2022 | |||
| Historical Data | 2018 to 2022 | |||
| Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 | |||
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis | |||
| Segments Covered |
|
|||
| Regions Covered |
|
|||
| Key Countries Profiled |
|
|
|
|
| Key Companies Profiled |
|
|
||
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/522
Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:
Centrifugal Pumps Market Size: The market is estimated to be valued at US$ 33 billion in 2023 and is expected to reach US$ 60 billion by 2033. The adoption of centrifugal pumps is likely to advance at a CAGR of 6.2% during the forecast period.
Asia Pacific Industrial Pumps Market Review: This market share is projected to reach US$ 39.3 Billion in 2032. The growing worldwide industrialization has been increasing the demand for the industrial pump.
Chopper Pumps Market Overview: The global market is anticipated at US$ 818.4 million in 2022. Demand is likely to remain high for chopper pumps during the assessment period. This is due to the increased application in agriculture and garnering US$ 1429 million in 2033, recording a CAGR of 5.2% from 2023 to 2033.
Southeast Asia Submersible Pumps Market Growth: The Global market is expected to reach US$ 1,076.8 million in 2032 and showcase steady growth at a CAGR of 5.5% between 2022 and 2032.
Diaphragm Pumps Market Analysis: The diaphragm pumps market is anticipated to flourish at a steady CAGR of 6.4% between 2023 and 2033. The market is expected to hold a market share of US$ 9.55 billion by 2033,while the market is likely to reach a value of US$ 5.13 billion in 2023.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
