Positive Displacement Pumps Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

The positive displacement pumps market share is expected to increase by USD 2.91 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 5.37%.

This positive displacement pumps market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers positive displacement pumps market segmentations by product (rotary pumps and reciprocating pumps), end-user (oil and gas, water and wastewater, chemical and petrochemical, and others), and geography (APAC, Europe, North America, South America, and MEA). The positive displacement pumps market report also offers information on several market vendors, including Alfa Laval AB, Baker Hughes Co., Bosch Rexroth AG, Flowserve Corp., Grundfos Holding AS, ITT Inc., SPX FLOW Inc., Sulzer Ltd., The Weir Group Plc, and Xylem Inc. among others.

What will the Positive Displacement Pumps Market Size be During the Forecast Period?

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Positive Displacement Pumps Market: Key Drivers, Trends, and Challenges

The developments in the water and wastewater industry is notably driving the positive displacement pumps market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the positive displacement pumps industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Positive Displacement Pumps Market Driver

The developments in the water and wastewater industry is one of the key drivers supporting the positive displacement pumps market growth. However, the resurgence of investments in the oil and gas sector can also drive market growth. Currently, around eight major expansion projects are in the pipeline in Middle East countries alone, which includes crude distillation unit (CDU) expansions and the addition of gasoline units, aromatic complexes, and desulphurization units in existing refineries. All these projects are slated for completion within the forecast period. Positive displacement motors, such as reciprocating and twin-screw multiphase pumps, also find use in the transportation of crude oil and slurries through pipelines. Thus, the growth in the oil and gas industry is expected to propel the market growth during the forecast period.

Key Positive Displacement Pumps Market Trend

Rising demand for pump repair and remanufacturing from high-performance applications is another factor supporting the positive displacement pumps market growth. Pumping systems in large-scale and critical applications, such as offshore oil and gas, chemical processing, and petrochemicals, can make up a significant part of the overall cost of investment. Many end-users find the replacement of these components very costly and are, therefore, likely to opt for repair or remanufacture of these components. The cost associated with the replacement of all the components may be quite high and represents a huge cost burden for the machine operator/owner. In such cases, laser cladding techniques are often used by owners to repair or extend the lifespan of the component.  Such a reduction in price will drive market growth during the forecast period.

Key Positive Displacement Pumps Market Challenge

The volatility in raw material prices is one of the factors hindering the positive displacement pumps market growth. Fluctuating prices of raw materials result in varying prices of positive displacement pumps made by the same vendors. This is owing to the adoption of a low pricing strategy, which could help vendors in attaining an appropriate return on their investments. This makes it very tough to justify the pricing strategy of the same version of it to end-users. Thus, any unanticipated fluctuations in raw material prices put pressure on vendors as an unexpected price rise can affect their overall profit margin. Purchasing bulk volumes of raw materials escalate inventory costs and the overall production costs. This can lead to a decrease in the sale of positive displacement pumps, thus, impacting the growth of the market during the forecast period.

This positive displacement pumps market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the positive displacement pumps as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the positive displacement pumps market during the forecast period.

Who are the Major Positive Displacement Pumps Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Alfa Laval AB
• Baker Hughes Co.
• Bosch Rexroth AG
• Flowserve Corp.
• Grundfos Holding AS
• ITT Inc.
• SPX FLOW Inc.
• Sulzer Ltd.
• The Weir Group Plc
• Xylem Inc.

 

This statistical study of the positive displacement pumps market encompasses successful business strategies deployed by the key vendors. The positive displacement pumps market is fragmented and the vendors are deploying growth strategies such as price, project management, delivery timeline, aftermarket maintenance and services, and previous engagement with the pump manufacturer to compete in the market.

Product Insights and News

• ITT Inc. - The company offers a wide range of positive displacement pumps such as HP, SLI, SLH among others through its brand Bornemann.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The positive displacement pumps market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Positive Displacement Pumps Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the positive displacement pumps market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the industrial machinery market  includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Aftermarket and Service
• Industry Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Positive Displacement Pumps Market?

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47% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for positive displacement pumps market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Growing industrialization will facilitate the positive displacement pumps market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of the COVID-19 pandemic has affected the growth of several industries in the region, including the oil and gas industry, power, and construction, as several construction projects were put on hold, owing to the lockdown measures implemented by the government to ensure public safety. However, with the decline in regulations from the government, the market might raise during the forecast period.

What are the Revenue-generating Product Segments in the Positive Displacement Pumps Market?

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The positive displacement pumps market share growth by the rotary pumps segment will be significant during the forecast period. The market for rotary pumps is expected to grow faster than the reciprocating pumps market due to their simpler design and lower cost, which is pushing their adoption among end-users. They are generally used in applications where the viscosity of the fluid to be pumped is high or the volume of fluid to be displaced is very low. Such factors will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the positive displacement pumps market size and actionable market insights on post COVID-19 impact on each segment.

 

You may be interested in:

Sanitary Pumps- The market share is expected to increase by USD 464.56 million from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.94%.

Screw Pumps- The market share is expected to increase by USD 1.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.43%.

Industrial Peristaltic Pumps- The market share is expected to increase by USD 520.02 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.05%.

Positive Displacement Pumps Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 5.37%
Market growth 2020-2024	$ 2.91 billion
Market structure	Fragmented
YoY growth (%)	3.18
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 47%
Key consumer countries	China, US, Germany, Japan, and Russian Federation
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Alfa Laval AB, Baker Hughes Co., Bosch Rexroth AG, Flowserve Corp., Grundfos Holding AS, ITT Inc., SPX FLOW Inc., Sulzer Ltd., The Weir Group Plc, and Xylem Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Positive Displacement Pumps Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive positive displacement pumps market growth during the next five years
• Precise estimation of the positive displacement pumps market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the positive displacement pumps industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of positive displacement pumps market vendors

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