The global positive displacement pumps market is expected to garner a market value of nearly USD 14.12 billion in 2023. The overall market is expected to accumulate a market value of USD 21.72 billion by 2033 by registering a CAGR of 4.4% in the forecast period from 2023 to 2033.
The growth of the positive displacement pumps market can be attributed to the increasing application of the same in various end-user sectors. The market for positive displacement pumps registered a CAGR of 2.5% in the historical period between 2018 and 2022.
| Attribute | Details |
|---|---|
| Global Positive Displacement Pumps Market Valuation in 2022 | USD 13.78 billion |
| Estimated Global Market Share in 2023 | USD 14.12 billion |
| Forecasted Global Market Size by 2033 | USD 21.72 billion |
| Projected Global Market Growth Rate from 2023 to 2033 | 4.4% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 2.5% CAGR |
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Rising demand for deployment in the oil and gas and chemical industry owing to functionality in transferring highly-viscous liquids has been driving the positive displacement pumps market, which registered a 2.5% CAGR from 2018 to 2022.
Positive displacement pumps are used to transfer fluids in inter and intra facilities. Over the years, the market has developed in terms of innovations in materials and design. Companies introduced products that can withstand significantly higher levels of pressure, with advances in material sciences.
The food and beverage industry requires food-grade pumps and therefore, companies introduced new pumps which adhere to the standards provided by bodies such as the Bureau of Food Standards.
The technology has proven comparably effective in the chemical plant environment, with similar setups costing as lesser for end users. According to the FMI analysis, the positive displacement pumps Market is expected to rise at a 4.4% CAGR between 2023 and 2033.
Extensive use of positive displacement pumps in end-use sectors favoring the growth
The positive displacement pump market is widely used to pump viscous fluids like oil, paints, resins, and foods. Also, they are favored in any application that necessitates precise dosing or high-pressure outputs.
These pumps have largely found use in the oil and gas industry. Positive displacement pumps, unlike centrifugal pumps, are not influenced by pressure, so they are also favored in situations where supply is intermittent. Most pumps are self-primed support adoption.
A positive displacement pump is beneficial to many producers, including those in the food and beverage, personal care, cosmetics, dairy, and meat processing sectors. These pumps in the food and beverage sector are designed to hold consistent fluid volumes including juices, fats, grease, gelatin, mayonnaise, sugar, creams, milk products, automotive paint, and polymers.
Growing Application of Positive Displacement Pump Boosting in the Chemical Industry
Positive displacement pumps have been extensively used in chemical manufacturing industries where the amount of fluid sent must adhere to specific guidelines and quantities. Further, chemical industry applications, on the other hand, have resulted in the development of offerings to handle fluids without chemical reactions to pump materials. Positive displacement pumps can move high-viscosity fluids with ease.
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Difficulty in Maintenance Affecting the Market Growth
Although positive displacement pumps are largely used in various end-user industries, their complex nature of handling the same is restraining the growth of the same. Moreover, certain positive displacement pumps are not able to generate high flow rates while functioning. This, in turn, is creating obstacles to the growth of the market. Furthermore, the difficulty in maintaining positive displacement pumps is affecting the sales of the same.
Maximum application of positive displacement pumps in end-user applications contributing to market growth
The presence of small to medium enterprises in the region which manufacture pumps for myriad end-use applications is playing a key role in contributing to positive pump displacement market growth. Owing to this, Europe is expected to possess a high-value share of the market.
The industries like chemical production and water & wastewater in Germany create notable demand for these pumps. Germany is also the leading exporter of positive displacement pumps according to the FMI report. Thus, Europe is predicted to remain one of the most attractive regional positive displacement pumps market during the forecast period, according to Future Market Insights.
As per the study, Europe is expected to account for over 30% market share for positive displacement pumps in 2022.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| The United States | 28.9% |
| Germany | 12% |
| Japan | 4% |
| Australia | 1% |
The presence of oil and gas industries in the USA contributes to market growth
The USA market is backed by a matured oil and gas industry which is largely supported by the government. Consequently, the country is also the biggest importer of positive displacement pumps. There are numerous oil rigs and crude oil sources in the country which account for such significant demand.
The chemical industry is another field of application that generates high figures of revenue in the positive displacement pumps market of the United States Thus, North America is expected to rise at over 3% CAGR over the forecast period.
China and India are key countries contributing to market growth
India is one of the world’s leading countries in the manufacturing sector. By 2033, it is expected to account for over 31% of the positive displacement pump sales within the Asia Pacific region. Additionally, various end-use industries in India are responsible for demand. Chemical, pharmaceutical, food & beverage, paper & pulp, and sewage treatment plants are some of the leading industries for manufacturers.
The water and wastewater segment of the market has seen much demand from 2016 to 2020 owing to the Swatch Bharat Abhiyan initiative by the Indian government in 2014. The country is amongst the largest manufacturing hubs in the region after China.
China in the East Asia region is a leading manufacturer and exporter of positive displacement pumps. China is the manufacturing hub of Asia and accounts for higher sales. Further, the presence of numerous end-use facilities including oil and gas, paper and pulp, and power generation might drive the sales of positive displacement pumps in the forecast period from 2023 to 2033. Thus, Asia Pacific is expected to hold a 25% market share for the positive displacement pumps market in 2022.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 3.9% |
| China | 4.9% |
| India | 5.1% |
Oil reserves contributing to market growth in the Middle East and Africa
In 2022, GCC accounted for over 2/5th of the market. Key imports for positive displacement pumps have been observed prior to the pandemic in UAE, Iraq, Oman, Bahrain, and Qatar.
The region is home to numerous oil reserves and refineries which accounts for the requirements of positive displacement pumps. The region also has seen steady growth in investment and implementation of new projects to boost upstream production and downstream processing. According to the USA Energy Information Administration (EIA), the Middle East holds about 49% of the estimated global oil reserves and 40% of known gas reserves.
Saudi Arabia has the most oil reserves of any country (16.2 percent). Iran, on the other hand, has the most gas deposits (17.3 percent), which creates a conducive environment for market players. Thus, in 2022, Middle East and African countries accounted for over 43% of all sales in the Middle East & Africa region.
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Positive Displacement Pumps allow easy liquid flow for Oil & Gas Industries with Various Fluid Viscosities
Applications of positive displacement pumps in the oil & gas sector hold the lead, accounting for nearly 22% of the market in 2022. The ability of positive displacement pumps to work with various fluid viscosities has been generating attractive prospects. These pumps can move liquefied gases and other water-like liquids with ease. Also, these pumps also have found use in almost every gas station around the globe owing to their property to transfer fluids without losing the rate of transfer regardless of inlet pressure.
| Category | By Product Type |
|---|---|
| Top Segment | Reciprocating Pumps |
| Market Share in Percentage | 87.2% |
| Category | By End Use Industry |
|---|---|
| Top Segment | Oil & Gas Industry |
| Market Share in Percentage | 22.1% |
The Sludgy and slurry nature of wastewater boost the market growth of reciprocal displacement pumps
Leading market players are exhibiting huge interest in reciprocating pump products. Furthermore, manufacturers are focusing on advancements in these devices, thereby boosting sales across regions. Reciprocal positive displacement pumps are often used in systems where low-flow speeds have to be maintained against high resistance for high viscosity and heavy fluids.
Water and wastewater facilities drive demand owing to the heavy and viscous nature of sludge and slurry. The market for reciprocating pumps accounted for more than 66% in 2022.
Key players in the positive displacement pump market are Ebara Corporation, Xylem Inc., Sulzer AG, Flowserve Corporation, Grundfos, Wier Group, and KSB Group. Companies operating in the positive displacement pumps market are aiming to launch new products and are focusing on strategic partnerships with other manufacturers to expand their product portfolios.
| Report Attributes | Details |
|---|---|
| Market Value in 2022 | USD 13.78 billion |
| Market Value in 2033 | USD 21.72 billion |
| Growth Rate | CAGR of 4.4% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA) |
| Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, BENELUX, Russia, Australia, New Zealand, India, Association of Southeast Asian Nations, GCC, China, Japan, South Korea, GCC, Turkey, South Africa |
| Key Companies Profiled | Ebara Corporation; Xylem Inc.; Sulzer AG; Flowserve Corporation; Grundfos; The Wier Group PLC; KSB Group; Wilo SE; Dover Corporation; Ruhrpumpen Group |
| Customization | Available Upon Request |
The market’s net worth is expected to be US$ 14.12 billion in 2023.
The projected market value of positive displacement pumps is US$ 21.72 billion by 2033.
Wide use of positive displacement pumps in multiple industries and expanding applications in the chemical industry are stimulating market growth.
Difficulty in maintenance of positive displacement pumps is fueling the market growth.
The oil and gas industry holds 22.1% of the positive displacement pumps market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Reciprocating Pump 5.2. Rotary Pump 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Oil & Gas 6.2. Chemicals 6.3. Water & Wastewater 6.4. Pulp & Paper 6.5. Power 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Ebara Corporation 17.2. Xylem Inc. 17.3. Sulzer AG 17.4. Flowserve Corporation 17.5. Grundfos 17.6. The Weir Group PLC 17.7. KSB Group 17.8. Wilo SE 17.9. Dover Corporation 17.10. Ruhrpumpen Group 18. Assumptions & Acronyms Used 19. Research Methodology
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Positive Displacement Pumps Market
