Global Positive Displacement Pumps Market Overview
The Positive Displacement Pumps Market Size was estimated at 23.05 (USD Billion) in 2022. The Positive Displacement Pumps Industry is expected to grow from 24.02(USD Billion) in 2023 to 34.86 (USD Billion) by 2032. The Positive Displacement Pumps Market CAGR (growth rate) is expected to be around 4.22% during the forecast period (2023 - 2032).
Key Positive Displacement Pumps Market Trends Highlighted
The Positive Displacement Pumps market is driven by several factors, including the rising demand for these pumps in various end-use industries such as oil and gas, power generation, chemicals, and food and beverage. Stringent environmental regulations and the need for energy efficiency are also key drivers.Opportunities in the Positive Displacement Pumps market lie in expanding into emerging markets, developing new technologies to improve efficiency and reliability, and offering customized solutions to meet specific industry needs. The growing adoption of Industry 4.0 and the integration of digital technologies present further opportunities.Recent trends in the Positive Displacement Pumps market include the increasing demand for high-pressure pumps, particularly in the oil and gas industry. Magnetic drive pumps are gaining popularity due to their leak-free operation, reduced maintenance, and energy efficiency. Additionally, the adoption of advanced materials such as ceramics and composites is enhancing the performance and lifespan of Positive Displacement Pumps.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Positive Displacement Pumps Market Drivers
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Increasing Demand for Energy-Efficient Solutions
Given the increasing interest in energy-efficient solutions supported by the rise in energy costs and expanding environmental concerns, it is no wonder that positive displacement pumps are used in a number of industries where dependable fluid transfer should be ensured. As such, the industrial areas where positive displacement pumps find the widest application include oil and gas, chemical processing, and water treatment. Each of these sectors is understandably conscious about energy use and waste thereof, and positive displacement pumps are expected to gain even greater momentum in their further deployment.Thus, the positive displacement pump market is expected to grow over the forecast period.
Growing Industrial Automation and Process Control
The Positive Displacement Pumps Market Industry is currently on a growth trajectory owing to the widespread adoption of industrial automation and process control systems. The functioning of these systems depends on the accurate and reliable transfer of fluid from one location to another. As such, positive displacement pumps offer requisite precision and transfer capability for their operation. Growth in a number of automated processes in different industries that, include manufacturing, automobile, food and beverage sectors, among others, have facilitated the application of these pumps.The pumps have, in turn, heightened the productivity of the systems, limited operational downtime and enhanced overall efficiency of the processes.
Expansion of Water and Wastewater Treatment Infrastructure
The rising demand for clean and safe water and an increasing amount of generated wastewater drives the development of water and wastewater treatment infrastructure across the globe. In the treatment of water, wastewater, and sludge, a great role is played by positive displacement PD pumps, ensuring reliable and efficient transfer of fluids. Being capable of handling viscous fluids and solids, these pumps are applied in diverse application areas of water and wastewater treatment plants.With the ongoing investment in water infrastructure development in the emerging markets, there is an opportunity for increased demand for PD pumps.
Positive Displacement Pumps Market Segment Insights
Positive Displacement Pumps Market Pump Type Insights
The Positive Displacement Pumps Market was segmented by pump type into Reciprocating Pumps and Rotary Pumps. The Reciprocating Pumps segment not only held the largest market share in 2023 but is anticipated to continue its previous trend and form the fastest- growing segment during the forecast period due to the common requirement in applications specific in rapidly growing Nordic countries such as oil and gas, chemical processing, and water treatment. On the other hand, the Rotary Pumps segment is also likely to develop as an alternative to Reciprocating Pumps since it is more suitable in applications requiring a constant flow rate of fluid.The Positive Displacement Pumps Market by the Reciprocating Pumps segment is expected to advance at a notable CAGR during the forecast period. At the same time, the Positive Displacement Pumps Market by the Rotary Pumps segment is expected to reach USD 11.62 Billion in 2032 at a CAGR during the forecast period. Overall, the Positive Displacement Pumps Market is expected to flourish in the long run due to the increased demand from such industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Positive Displacement Pumps Market Application Insights
The positive displacement pumps market is divided by application into oil and gas, industrial processing, water and wastewater, food and beverage, and power generation. The oil and gas application segment is the largest, accounting for over 35% of the market in 2023. The industrial processing application segment is the second largest, accounting for over 25% of the market. The water and wastewater application segment is the third largest, accounting for over 20% of the market. The food and beverage application segment is the fourth largest, accounting for over 10% of the market.The power generation application segment is the smallest, accounting for over 5% of the market. The oil and gas segment is expected to be the largest over the forecast period by a large amount. This is due to the demand for oil and gas increasing. The industrial processing segment is expected to grow the fastest, with a CAGR of over 4% over the forecast period. The water and wastewater segment is expected to grow the second fastest, with a CAGR of over 4.5% over the forecast period. The food and beverage segment is expected to have the third-highest CAGR of over 3.5%.The power generation segment is expected to grow the slowest with a CAGR of over 3%.
Positive Displacement Pumps Market Flow Rate Insights
Based on Flow Rate, the Positive Displacement Pumps Market is segmented into Low Flow Rate Pumps, Medium Flow Rate Pumps, and High Flow Rate Pumps. Low Flow Rate Pumps are designed to handle fluids with low flow rates, typically less than 10 gallons per minute (GPM). Medium Flow Rate Pumps are suitable for applications requiring flow rates between 10 and 100 GPM. High Flow Rate Pumps are designed to handle fluids with flow rates exceeding 100 GPM. The Positive Displacement Pumps Market for Low Flow Rate Pumps is expected to reach USD 4.23 billion by 2027, growing at a CAGR of 3.8%.The Medium Flow Rate Pumps segment is projected to account for USD 6.32 billion by 2027, exhibiting a CAGR of 4.1%. The High Flow Rate Pumps segment is anticipated to reach USD 8.72 billion by 2027, expanding at a CAGR of 4.5%. The growth of the Positive Displacement Pumps Market is attributed to increasing demand from various end-use industries, including oil and gas, chemical processing, and manufacturing.
Positive Displacement Pumps Market Power Source Insights
The Positive Displacement Pumps Market segmentation by Power Source includes Electric Pumps, Hydraulic Pumps, and Pneumatic Pumps. Electric Pumps held the largest market share in 2023, and are expected to continue to dominate the market throughout the forecast period. The growth of the electric pumps segment can be attributed to the increasing demand for energy-efficient and environmentally friendly pumps. Hydraulic Pumps are expected to witness a steady growth rate during the forecast period, owing to their wide application in industrial and construction sectors.Pneumatic Pumps are expected to grow at a moderate pace, due to their use in various applications such as food and beverage processing, and chemical processing.
Positive Displacement Pumps Market Regional Insights
The regional segmentation of the Positive Displacement Pumps Market offers valuable insights into the geographical distribution of market growth and opportunities. North America is expected to hold a significant market share, driven by the presence of major industrial hubs and a strong manufacturing base. Europe is another key region, with a mature market and a focus on energy efficiency. The APAC region is projected to witness substantial growth due to rapid industrialization and infrastructure development. South America and MEA are emerging markets with increasing demand for positive displacement pumps in various industries.These regional insights provide a comprehensive understanding of market dynamics and help businesses make informed decisions regarding market expansion and investment strategies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Positive Displacement Pumps Market Key Players And Competitive Insights
Major Players in the Positive Displacement Pumps Market are consistently working on expanding the dimensions of pump technology. Automation, with sophisticated control systems, is being implemented to enhances overall efficiency and performance. Leading manufacturers in the Positive Displacement Pumps Market are working on developing pumps that cater to the increasing demand for energy-efficient and eco-friendly solutions. The Positive Displacement Pumps Market is expected to register a high growth in the near future on account of these industries increasing all across the globe, such as oil and gas, chemical processing, and wastewater treatment.The competitive environment in the Positive Displacement Pumps Market industry is quite volatile, with several key players and new competitors vying for a larger share of the competitive environment. Companies invest heavily in researching and developing new technological innovations to ensure that their product range is in keeping with the opportunities provided by the Positive Displacement Pumps Market. In the years to come, the Positive Displacement Pumps Market Competitive Landscape will represent a high level of consolidation owing to the availability of key opportunities present in the industry.Mergers, acquisitions, and partnerships will be the order of the day for the industry in the years to come. One of the leading companies present in the Positive Displacement Pumps Market industry is Gardner Denver. The company, which is a key provider of industrial blowers, compressors, and pumps, has a vast majority of its product line in the Positive Displacement Pumps Market. The company provides an expansive range of pumps, including Reciprocating, rotary, and diaphragm, among others. Gardner Denver is best known for its strong commitment towards innovation.The company has continuously invested in research and development to enhance its existing range of products and services. The company also excels in its ability to provide customizsed solutions and a strong distribution network. KSB, a leader in systems and pumps, is another key provider in the Positive Displacement Pumps Market industry. It offers a distinguished range of products to suit different applications, whilst the key positive displacement pumps provided include Progressive Cavity, Screw, and Piston, among others. The company is best known for its quality standards and product reliability. A strong distribution network coupled with a broader presence has also been the key speciality of the company. Through the use of technology and a commitment to customers, the company has set an example for others to follow and created a niche for itself in the Positive Displacement Pumps Market competitive landscape.
Key Companies in the Positive Displacement Pumps Market Include
- Sulzer AG
- Haskel International Inc.
- EMU Group
- Grundfos Holding A/S
- Flowserve Corporation
- Hayward Industries, Inc.
- Magnetic Drive Pumps, LLC
- ITT Inc.
- Rinnai Corporation
- Verder Group
- Yamada Corporation
- WatsonMarlow Pumps Group
- Sundyne Corporation
- IDEX Corporation
Positive Displacement Pumps Market Industry Developments
The Positive Displacement Pumps Market is anticipated to reach USD 3.4 Billion by 2032, expanding at a CAGR of 4.22% from 2024 to 2032. The growth is attributed to increasing demand for energy-efficient pumps in various end-use industries, including oil and gas, chemical processing, and water treatment. Technological advancements, such as the development of variable-speed drives and intelligent control systems, are further driving market expansion.Recent developments in the market include the introduction of new pump designs, such as sealless pumps and magnetic drive pumps, which offer improved efficiency and reliability. Additionally, the growing adoption of Industry 4.0 technologies, including remote monitoring and predictive maintenance, is expected to enhance the market's growth prospects in the coming years.
Positive Displacement Pumps Market Segmentation Insights
Positive Displacement Pumps Market Pump Type Outlook
- Reciprocating Pumps
- Rotary Pumps
Positive Displacement Pumps Market Application Outlook
- Oil and Gas
- Industrial Processing
- Water and Wastewater
- Food and Beverage
- Power Generation
Positive Displacement Pumps Market Flow Rate Outlook
- Low Flow Rate Pumps
- Medium Flow Rate Pumps
- High Flow Rate Pumps
Positive Displacement Pumps Market Power Source Outlook
- Electric Pumps
- Hydraulic Pumps
- Pneumatic Pumps
Positive Displacement Pumps Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
23.05(USD Billion) |
| Market Size 2023 |
24.02(USD Billion) |
| Market Size 2032 |
34.86(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.22% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Sulzer AG , Haskel International Inc. , EMU Group , Grundfos Holding A/S , Flowserve Corporation , Hayward Industries, Inc. , Magnetic Drive Pumps, LLC , ITT Inc. , Rinnai Corporation , Verder Group , Yamada Corporation , WatsonMarlow Pumps Group , Sundyne Corporation , IDEX Corporation |
| Segments Covered |
Pump Type , Application , Flow Rate , Power Source , Regional |
| Key Market Opportunities |
1 Rising demand for energy efficient solutions2 Growing adoption in oil and gas industries3 Technological advancements leading to improved performance4 Increasing investments in infrastructure development5 Focus on sustainability and environmental conservation |
| Key Market Dynamics |
Rising demand for energy efficient pumps Stringent environmental regulations Increasing adoption in oil and gas industry Technological advancements Growing focus on automation |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Positive Displacement Pumps Market is expected to reach a valuation of 24.02 billion USD in 2023.
The Positive Displacement Pumps Market is projected to grow at a CAGR of 4.22% from 2023 to 2032.
The Asia-Pacific region is expected to hold the largest share of the Positive Displacement Pumps Market in 2023.
Positive Displacement Pumps are used in a wide range of applications, including oil and gas, chemical processing, food and beverage, and water treatment.
Some of the key competitors in the Positive Displacement Pumps Market include IDEX Corporation, Dover Corporation, Grundfos Holding A/S, and Flowserve Corporation.
The growth of the Positive Displacement Pumps Market is being driven by factors such as the increasing demand for oil and gas, the growing need for water treatment, and the rising adoption of positive displacement pumps in the food and beverage industry.
The Positive Displacement Pumps Market is facing challenges such as the rising cost of raw materials, the increasing competition from centrifugal pumps, and the stringent environmental regulations.
The Positive Displacement Pumps Market is expected to benefit from opportunities such as the growing demand for energy-efficient pumps, the increasing adoption of positive displacement pumps in emerging markets, and the rising awareness of the benefits of positive displacement pumps.
Some of the key trends in the Positive Displacement Pumps Market include the increasing adoption of variable speed drives, the growing popularity of magnetic drive pumps, and the rising demand for smart pumps.
The COVID-19 pandemic has had a negative impact on the Positive Displacement Pumps Market, due to the disruptions in the supply chain and the decline in demand from key industries.
