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The global industrial lobe pump market is projected to witness tremendous growth and will post an impressive CAGR of more than 13% over the forecast period. With lobe pumps increasingly replacing cavity pumps in the main industries, especially the biofuel industry, this market is anticipated to have a positive impact in the coming years. Biofuel is one of the principal means of controlling CO2 emissions and a prime medium of reducing global dependence on fossil fuels, leading to its augmented demand. Biofuel manufacturing is complex and involves several processes including filtering, removal of water, titration, preparation of sodium methoxide, heating and mixing, and settling and separation. Lobe pumps find applications in the settling and separation process of biofuel manufacturing and need little maintenance and have lower repair costs compared to cavity pumps. Moreover, lobe pumps can be left to run dry for some time unlike cavity pumps that get damaged if they are made to run dry, even for a short period. Since lobe pumps occupy less space compared to cavity pumps, its demand among the end users will increase significantly over the next few years.
The traditional lobe pump design is undergoing revamp in all aspects, starting from the design of the lobes and material used for their construction and installation, to the type of drives used in the lobes. Upgrading the traditional design, parts, and the drive system with new technologies will change the entire perspective on the working characteristics of lobe pumps. The new lobe pumps reduce the shear stress on the system, thus, reducing wear and tear of the lobes. This is likely to increase the overall efficiency of the pump as the belt drive system will provide a constant speed drive without slips and reduce the maintenance costs incurred on lubrication in the traditional design. These factors are expected to propel the growth prospects of this market during the predicted period.
Due to the presence of numerous international and regional players, the global industrial lobe pump market is highly fragmented. The market is characterized by the presence of well-established global vendors with diversified product portfolios. The competition in the market is projected to intensify with an increase in product and service extensions, technological innovations, and M&A.
Key vendors in this market are -
Other prominent vendors in the market are Netzsch, Lobepro, Viking, Megator, and Vogelsang.
The wastewater treatment segment dominated the market and accounted for close to 66% of the total market share. Wastewater treatment of is one of the primary alternative methods of enhancing the earth's depleting water resources. Nearly 1.8 billion people around the world still have no access to drinking water, while over 2.5 billion do not have access to adequate sanitation services. The increasing demand for freshwater and rising concerns for the environment will have a positive effect on the market, which will, in turn, drive the growth of this segment.
In terms of geography, the APAC region will lead the global industrial lobe pump market and will hold nearly 43% of the total revenue market share. The increasing urban population has led to an increase in demand for sustainable energy, fresh water, and agricultural and processed food products across most APAC countries. Also, process industries such as oil and gas, wastewater treatment, food and beverage, and pharmaceuticals are witnessing high growth, which will subsequently bolster the demand for pumps in this region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Market segmentation by end-users
PART 12: Geographical segmentation
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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