Technavio analyzes that the Rotary Pump Market is expected to grow at a CAGR of 5.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2049.8 million.There are various factors that contribute to the growth of the market. The Rotary pump market is experiencing significant growth due to the increasing emphasis on energy efficiency in various industries. Companies are seeking out rotary pumps for their ability to deliver consistent, efficient flow rates while minimizing energy consumption. This focus on energy savings is particularly prominent in sectors such as oil and gas, water and wastewater treatment, and chemical processing. As industries strive to reduce their carbon footprint and operate more sustainably, the demand for rotary pumps is expected to continue rising.
In the realm of fluid handling, rotary pumps, specifically positive displacement pumps with multiple screws, play a pivotal role in various industries such as oil and gas, chemicals, and wastewater treatment. These pumps, which include PC and multiple screw designs, employ intermeshed screws to pressure liquids and facilitate their movement within a system. The screws function by taking in fluids and expelling them from another surface, thereby increasing their pressure. The screws consist of three spindles: one acts as a screwdriver, while the other two are driven. The screws maintain a precise clearance, enabling efficient liquid transfer. The fluid enters the pump via the bottom inlet and exits through the top outlet, ensuring a streamlined process. Rotary pumps' energy efficiency and reduced carbon footprint make them a preferred choice for construction and chemical processing applications.
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Rotary Pump Market Segmentation
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During the assessment period, the Rotary Pump Market is anticipated to grow significantly due to increasing demand in various industries such as oil and gas, chemicals, and wastewater treatment. Rotary pumps, including gear pumps and screw pumps, are essential for fluid handling in high-viscosity applications. Sustainability is a key trend, with the focus on sustainable pumps and energy efficiency. Differential pressure and head loss are crucial factors in pump selection. IoT and Bluetooth technology enable remote monitoring and energy savings through variable speed drives (VSDs) and energy-efficient pumps, reducing carbon footprint.
The Rotary Pump market is a significant segment of the larger industrial machinery and supplies and components market, encompassing businesses involved in manufacturing rotary pumps for industrial applications. According to Technavio's market analysis, the global industrial machinery and supplies and components market's growth is driven by expanding industrial production in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals, petrochemicals, pulp and paper products, and processed food and beverages. Technavio's assessment of the Rotary Pump market size is determined by the combined revenue generated by manufacturers of rotary pumps for industrial use. Key trends influencing market growth include the increasing demand for sustainable pumps, energy-efficient pumps, and the integration of Internet of Things (IoT) technologies such as Bluetooth for remote monitoring and optimization. Additionally, the market is witnessing a growing preference for pumps capable of handling high-viscosity fluids and managing head loss effectively.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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