The global positive displacement (PD) pumps market value is expected to reach USD 4.2 billion by 2025, according to a new report by Grand View Research, Inc.Growing opportunities in the water treatment sector are expected to propel growth of the market.
The volatility in the oil and gas industry is expected to dip the revenue of large players. However, the demand for cost-effective and easy-to-install pumps in midstream and downstream is estimated to balance the overall appetite. The fluctuation in oil prices is expected to lead the market toward consolidation. Furthermore, the opportunities in the APAC and MEA regions are likely to generate stable demand for the product as many refineries across the region are expanding their capacities. Pump manufacturers are considering to tap this potential through sustained focus on innovation. With changes in the end-user landscape, which are influencing a shift from transactional relationships to partnerships, suppliers are anticipated to employ new business models, such as analytics-as-a-service and pump-as-a-service, to maintain their position in the global market.
For instance, Altra Industrial Motion has announced the acquisition of Guardian Industries to expand its product line of couplings. Key vendors analyzed in the report are Flowserve, Grundfos, ITT, Sulzer, and KSB. Merger and acquisition activities continue to be an integral part of market growth.
To request a sample copy or view summary of this report, click the link below:
Further key findings from the report suggest:
The global demand for PD pumps market was USD 2.8 billion in 2016. The market is expected to grow at a CAGR of around 4.4% from 2017 to 2025 and record a total revenue of over USD 4.2 billion by 2025.
Reciprocating pumps was the biggest segment in the market accounting for 70% of the total revenue in 2016
Oil and gas was the largest application segment with a revenue of over USD 1 billion by 2025, growing at a CAGR of 4.6%
APAC is expected to be the largest regional market with a projected CAGR of 5.5% over the forecast period
The industry is dominated by a few multinational corporations such as Flowserve, ITT, KSB, and Grundfos. Companies are moving toward strategic mergers and acquisitions to increase their international presence and gain a significant share.
Grand View Research has segmented the global positive displacement (PD) pumps market by product, application, and region as follows:
PD Pumps Product Outlook (Revenue, USD Million, 2014 - 2025)
PD Pumps Application Outlook (Revenue, USD Million, 2014 - 2025)
Oil and Gas
Food and Beverages
PD Pumps Regional Outlook (Revenue, USD Million, 2014 - 2025)
Middle East & Africa
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.