The
global positive displacement pumps market size is expected
to reach USD 4.2 billion by 2025, at a registering a CAGR of 4.4% over the
forecast period, 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.
For full research report on Positive Displacement Pumps Market visit here:
https://www.grandviewresearch.com/industry-analysis/positive-displacement-pd-pumps-market
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.
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Grand
View Research has segmented the global PD pumps market by product,
application, and region as follows:
PD Pumps Product Outlook (Revenue, USD Million, 2014 - 2025)
- Reciprocating
- Rotary
- Others
PD Pumps Application Outlook (Revenue, USD Million, 2014 - 2025)
- Oil and
Gas
- Water
Treatment
- Chemical
- Pharmaceutical
- Food and
Beverages
- Others
PD Pumps Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- France
- Asia
Pacific
- China
- Japan
- India
- CSA
- Brazil
- Middle
East & Africa
- Saudi
Arabia
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com