developments in water and wastewater industry is driving the Positive Displacement Pumps Market
Technavio analyzes that the Positive Displacement Pumps Market is expected to grow at a CAGR of 5.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3227.3 million.There are various factors that contribute to the growth of the market. The Positive Displacement Pumps market is experiencing significant growth due to advancements in the water and wastewater industry. These pumps, which ensure consistent volume delivery, are increasingly being adopted for water and wastewater applications due to their efficiency and reliability. The water and wastewater sector's focus on reducing water loss and improving treatment processes is driving the demand for Positive Displacement Pumps. Additionally, the increasing awareness of water scarcity and the need for sustainable water management solutions is further boosting market growth.
In the oil and gas sector, positive displacement pumps play a pivotal role, particularly in upstream applications. These pumps are renowned for their high-performance capabilities in handling high-pressure output, high-viscosity fluids, and smart pump technologies. Notably, they are indispensable in drilling fluid circulation, hydraulic fracturing, deep-sea pumping, and cementing operations. Moreover, their applications extend to midstream transportation and downstream refineries. Despite the industry's recent challenges due to volatile oil and gas prices, the recovery and stabilization of crude oil and natural gas prices are spurring oil and gas companies to invest in new projects, ensuring the continued demand for advanced positive displacement pumps.
Know which region is leading the market growth by requesting a sample report
Positive Displacement Pumps Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The Global Positive Displacement Pumps (PDP) market caters to various industries such as Chemical Processing Plants, Wastewater Treatment, Oil and Gas, Hydraulic Systems, and Infrastructure Development. PDPs are extensively used for transferring High-Viscosity Fluids in sectors like Chemical Dosing, Crude Oil Transfer, and Fluid Handling. Rotary Pumps and Reciprocating Pumps are popular types of PDPs. PDPs play a crucial role in Industrial operations, including Oil Reserves exploitation, Energy Efficiency, and Chemical Manufacturing. Applications span across sectors like Personal Care, Dairy Processing, Hydrocarbon assets, and Mining activities. Pump monitoring ensures optimal performance and mitigates issues like Wastewater contamination.
The Positive Displacement Pumps market is a significant segment of the larger industrial machinery and supplies and components market. This market caters to various industries such as chemical processing plants, wastewater treatment, high-viscosity fluids, hydraulic systems, oil and gas, and crude oil transfer. The global industrial machinery and supplies and components market size is determined by the combined revenue generated by manufacturers of machinery and components utilized in industrial applications. The market's growth is attributed to the expanding industrial output in process and discrete industries, driven by the increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
