Positive Displacement (PD) Pumps Market Report

Positive Displacement (PD) Pumps Market Analysis, By Product (Reciprocating, Rotary), By Application (Oil and Gas, Water Treatment, Chemical, Pharmaceutical, Food and Beverages), And Segment Forecasts, 2014 - 2025

Published: September 2017  |  110 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-678-3

Industry Insights

The global PD pumps market, in terms of revenue, was valued at USD 2.8 billion in 2016. Improvement in the economic indicators in North America and APAC is presenting several opportunities in the pharmaceutical sector for manufacturers. The booming pharmaceutical industry in developing countries is likely to encourage manufacturers to shift gradually away from the developed countries.   

The demand for the product in the U.S. is dominated by the oil and gas industry. There has been a growing need to renovate and upgrade the existing facilities in this region. Enhanced activities in oil & gas exploration have majorly spurred the market. Advancements in oil and natural gas production technology, such as the combination of horizontal drilling and hydraulic fracturing, have boosted oil production in the region, attracting vendors to invest in this industry.

U.S. positive displacement (PD) pumps market, by application, 2014 - 2025 (USD Million)

U.S. positive displacement (PD) pumps market

The mature U.S. PD pumps industry has been recently affected by the uncertainty of the oil and gas sector in the country with suppliers facing significant challenges. Some of these challenges are due to several factors such as the general economic meltdown including the oil & gas production downturn that had its repercussions on various sectors, including this industry, while the second-largest end-user, the water/wastewater sector, faced the threat of downsizing of funds from federal, state, and local budgets. 

The sale of the product to E&P companies is expected to increase due to the shale oil boom in North America. The regional pump suppliers can also expect high growth in the desalination and water treatment industries. For example, California has implemented seawater into freshwater conversion project for consumption and supply of water for public use. The project recently received an enhancement as it plans to build the largest facility in the U.S. for this purpose.

The demand for commercial and industrial PD pumps is expected to be driven primarily by end-user industries such as chemical, power, and pharmaceutical. On the downside, however, the industrial product is predicted to witness long-term changes in the form of falling sales of equipment for conventional oil and gas refining applications in line with the sales growth for non-traditional applications due to volatility in oil & gas prices.

Product Insights

In a PD reciprocating pump, through the suction valve, fluid is pushed into the intake stroke cylinder and then, through the outlet valves, it is discharged on the discharge stroke cylinder under positive pressure. The discharge is changed only when the pumping speed is changed. Due to its unique character to provide constant discharge, the product is highly popular in the industries such as chemical, power, and others. In 2016, the product captured nearly 70% of the share, mainly owing to its use in several applications. 

The use of this product is rising globally as its application scope is widening in water treatment, oil and gas, chemical, and food & beverage industries. This is mainly due to the ability of this product to operate effectively under diverse conditions including high viscosity operations, high-pressure operations, and differential flow pressure operations.

In a PD rotary pump, the fluid movement is achieved by mechanical displacement of liquid. The liquid displacement is attained by using the rotation principle. The rotation creates a vacuum, which captures and draws the fluid. These products are more efficient as they naturally remove the air present in the lines along with the fluid. The product is gaining prominence in the food & beverage sector due to its capability to displace air, which results in easy transportation of various density fluids. The segment is expected to hold nearly 18% of the global share in 2025.

In the European region, the product demand is dominated by the Western Europe. The key factor, which is driving the sector, is growth in water & wastewater and need for clean drinking water. However, the need to adhere to stringent eco-design regulations for the sake of energy conservation may pose a challenge to the growth of this industry in the region. Another reason is that Western Europe has been witnessing an increase in the number of fracking wells. Hydraulic fracking technology is extensively used in the eastern parts of Europe to extract oil & gas, and this technology utilizes high-pressure equipment to pump the fluid at a constant rate. Thus, the demand for high-pressure equipment used for fracking is expected to rise during the forecast period. However, the need to meet the stringent standards in eco-design that European governments have imposed may drag down the industry as manufacturers find it difficult to comply with the standards.

Application Insights

The recent slump in oil prices has led to the decommissioning of almost two-third of the rigs and sharply cut down the investment in production and exploration. Around 250,000 oil workers have lost their jobs and manufacturing of production and drilling equipment has fallen drastically. The products are used in oil and gas industry for various applications such as pipelines, pumping stations, cooling loops, circulation for heat exchangers, water supply and drainage, cooling systems, hot water discharge, and cooling & refrigeration systems. The oil and gas segment held 23.5% share in the global market in 2016, and it is projected to witness growth, acquiring 23.9% share by 2025. 

PD pumps are widely used in water and wastewater industry because of their smooth flow rate, range of capacity, design simplicity, and ease of maintenance and operations. These work best for low viscosity liquids with higher flow rates. The segment is projected to hold 22.9% share of the global market by 2025.

High-quality potable water is essential for industrial, commercial, and domestic users. Growing population and rapid urbanization are exerting pressure on existing freshwater resources. Though many developed economies have well-developed water treatment infrastructure, some lack proper distribution facilities and consequently, water may get contaminated during transit. Various European countries that already have technologically advanced industrial water treatment infrastructure are now focusing on municipal water treatment infrastructure.

For instance, Germany and the UK are planning to invest heavily in developing municipal water treatment infrastructure by 2019. The municipal water infrastructure is in a dire condition in India and China, where large sections of the population lack access to potable water. Thus, demand of the product is expected to grow at a robust pace owning to increased demand of water from various sectors such as waste water treatment, desalination plants, and others.

The automotive, manufacturing, and construction sectors that constitute the top end-users of chemical products globally are expected to see tremendous expansion activities in the coming years, which will lead to growth in the demand for chemicals. For instance, chemical industry in India has the potential to grow at 9% per annum to touch USD 210 billion in the next four years.

Regional Insights

The APAC region is likely to dominate the global market. The region is expected to grow from 32.2% in 2016 to 35.2% by 2025. Currently, the APAC region is experiencing a huge demand for the product and is witnessing growth potential from different end-users such as power, wastewater, mining, and chemical industries. The demand for the product is primarily driven by rapid urbanization and infrastructure development. 

The growing population and increased urbanization in the region have propelled the demand for oil and gas, electricity, and chemicals in emerging economies such as India, Indonesia, and China. Increased urbanization has led to a rise in construction activities, which has boosted the consumption of chemicals, which has, in turn, increased the demand for the product in the APAC region.

Rapid industrialization and the growing transportation sector in India and China are estimated to heighten the demand for oil and gas. For instance, as per 2014 rankings, China and India were the top two countries in terms of their population. China’s population was around 1.4 billion, out of which, 56% resided in urban areas. In India, about 33% of the total population of 1.3 billion resides in urban areas. All these factors are expected to boost demand for the product over the forecast period.

Global positive displacement (PD) pumps market, by region, 2016 (%)

Global positive displacement (PD) pumps market

Competitive Insights

The volatile scenario of the oil and gas industry is expected to escalate the price war and dent the sales of large players in the market. However, with the investment in downstream and midstream sectors, the demand for cost-effective, easy-to-install pumps is likely to balance out any fall in the overall uptake. The decline in oil prices is also leading to consolidation activities as well as a shift to innovative operational procedures as oil and gas industry focuses on value-buying and energy efficiency.

The advent of the internet of things (IoT) is shaking things up in the global industry. The deployment of IoT and Industry 4.0 is expected to increase operational efficiency by nearly 45%, escalating return on investment for manufacturers and widening application scope. The leakages and any other type of irregularities in the equipment can be easily traced and fixed within limited span of time, thus saving time and money of the end-user.

Key players include Flowserve, Grundfos, ITT, KSB, and Sulzer. Mergers of major players in the industry are likely to consolidate industry in the predicted timeline. The dynamics suggest vendors of the sector to focus on the water treatment sector as it is likely to provide robust demand for the product over the forecast period.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, CSA & Middle East & Africa

Country scope

U.S., Canada, UK, Germany, France, , China, India, Saudi Arabia, and Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the global positive displacement (PD) pumps market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Reciprocating

    • Rotary

    • Others

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Oil and Gas

    • Water Treatment

    • Chemical

    • Pharmaceutical

    • Food and Beverages

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • CSA

      • Brazil

    • Middle East and Africa

      • Saudi Arabia

Key questions answered by the report
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