Global Positive Displacement Pumps Market Size Forecasted to Hit USD 21.72 Billion by 2033, Surging at 4.4% CAGR

The global 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 USD 21.72 billion by 2033.

According to a report from Future Market Insights, the net worth of the total positive displacement pumps sold globally in 2023 could be around USD 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.

Positive displacement pumps have become popular in the chemical sector to move chemical and abrasive fluids, safely and precisely.

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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.

Key Features and Types of Positive Displacement Pumps:

- Fixed Displacement: These pumps move a constant volume of fluid with each cycle regardless of the discharge pressure. Examples include gear pumps, vane pumps, and piston pumps.

- Variable Displacement: These pumps can vary the volume of fluid displaced per cycle, allowing for adjustable flow rates. Examples include axial piston pumps and radial piston pumps with variable displacement mechanisms.

- Reciprocating Pumps: Reciprocating positive displacement pumps use a piston, plunger, or diaphragm to create flow. As the piston or plunger moves back and forth within a cylinder, it alternately draws in and expels fluid. Reciprocating pumps include piston pumps and diaphragm pumps.

- Rotary Pumps: Rotary positive displacement pumps use rotating elements such as gears, lobes, screws, or vanes to trap and move fluid through the pump. These pumps are known for their smooth, pulse-free flow and are commonly used in applications requiring precise metering or high viscosity fluids. Examples include gear pumps, vane pumps, and screw pumps.

Key Players:

Ebara Corporation
Xylem Inc.
Sulzer AG
Flowserve Corporation
Grundfos
The Wier Group PLC
KSB Group
Wilo SE
Dover Corporation
Ruhrpumpen Group

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Positive Displacement Pumps Market Segmentation Analysis:

By Product Type:
Reciprocating Pump
Rotary Pump

By Application:
Oil & Gas
Chemicals
Water & Wastewater
Pulp & Paper
Power
Others

By Region:
North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 stands as 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.