Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, and Segment Forecasts, 2024 - 2030

Grand View Research’s pumps sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Access the Global Pumps Industry Data Book, 2024 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Centrifugal Pump Market Report Highlights

The global Centrifugal Pump Market size was valued at USD 38.6 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024-2030.

• The single-stage segment accounted for 62.8% of the global revenue share in 2022.The single-stage centrifugal pump is most frequently used in sewage, slurry, and industrial pumping. For applications with low to moderate dynamic heads, the single-stage centrifugal pump is also preferred
• The market for mixed flow pumps is anticipated to grow as a result of advantages such as high low rates with low-pressure requirements, improved discharge rates with relatively low head velocities, and the flexibility to be adjusted to work effectively and efficiently with little aerodynamic loss
• Fluids that are combustible, violent, aggressive, or abrasive are easily handled by axial flow pumps. Automobile, manufacturing, and construction are just a few of the end-use sectors that employ chemicals. The expansion of the aforementioned sectors of the economy will probably increase demand for different chemicals, which will affect how widely axial flow pumps are used for chemical handling
• Asia Pacific accounted for around 47.2% of the global revenue share in 2022. The improving economic conditions, rising population, and the presence of one of the biggest manufacturing sectors are projected to impact regional growth positively

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Positive Displacement Pump Market Report Highlights

The global Positive Displacement Pump Market size was valued at USD 19.1 billion in 2023 and is expected to grow at compound annual growth rate (CAGR) of 4.8% from 2024 to 2030.

• The rotary-type segment led the market and accounted for a 56.6% share of the global market share in 2023. Rotary pumps, such as gear and screw pumps, excel in providing a continuous and smooth fluid flow, making them ideal for processes requiring constant, non-pulsating delivery.
• Reciprocating type segment is expected to witness a CAGR of 5.1% from 2024 to 2030. These pumps are favored for applications requiring high-pressure delivery, such as hydraulic systems and well-injection processes in oil extraction
• Oil & gas end-use segment led the market and accounted for a share of 26.0% in 2023. These pumps are commonly used in the oil & gas industry for transferring fluids with varying viscosities, such as crude oil and drilling mud.
• Chemical end-use segment is expected to witness a CAGR of 6.0% from 2024 to 2030. Positive displacement pumps are crucial in handling viscous fluids and fluids with varying viscosities, making them versatile solutions for pumping polymers, resins, and other specialty chemicals.
• Asia Pacific region is expected to witness a CAGR of 5.7% from 2024 to 2030. Increasing demand for energy, coupled with ongoing oil & gas exploration activities in countries like China and India, requires the product usage for processes, such as crude oil transfer, well stimulation, and enhanced oil recovery

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Competitive Landscape

The global pumps market is highly competitive owing to the presence of both multinational and local manufacturers. Pump manufacturers are involved in adopting several strategies including acquisitions, mergers, joint ventures, geographical expansions, and new product developments.

Key players operating in the Pumps Industry are:

• Grundfos
• Xylem
• Flowserve
• ITT Corporation
• CIRCOR International

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About Grand View Research

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