Positive Displacement Pumps Industry Data Book - Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Positive Displacement Pumps Industry was valued at USD 18.35 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.           

Grand View Research’s positive displacement pump sector database is a collection of market sizing information & forecasts, 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 reports and summary presentations on individual areas of research.

Rotary Pump Market Insights

The global rotary pumps market size was estimated at USD 10.42 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The increasing fluid handling requirements in various industries, such as oil & gas, chemicals, and wastewater treatment, have been primarily driving the market growth. As these rotary pumps are flexible in terms of handling various fluids across different viscosity ranges, they are becoming a more suitable option. Companies are under more pressure than ever to reduce their carbon footprint. Strategic investments in environmentally friendly technologies, particularly energy-efficient rotary pumps, have shown to be successful in reducing energy use and emissions. To better fit with sustainable corporate practices and environmental goals, organizations are prioritizing product usage to increase the carbon efficiency of their facility operations.

The growth in the construction and oil & gas industries in the U.S. is a key factor contributing to a rise in demand for rotary pumps. As rotary pumps are significantly used in the oil & gas industry to transport fluid from one point to another during the refining process, the U.S. market will witness significant growth. Furthermore, the U.S. has the most robust chemical processing industry, which widely uses rotary pumps to transfer varying-density fluids during the manufacturing process. With a rise in the operations of the chemical processing industry, product demand is expected to increase in the U.S. The ever-changing end-use industry needs and rising importance of energy efficiency & sustainability showcase the future market trends.

To cater to these needs, key players are developing more energy-efficient pumps with less carbon footprint presence. These newly designed pumps have variable speed drives (VSDs) to further develop the market. Some industries, such as chemical processing, require specialized rotary pumps to handle highly corrosive, viscous & acidic fluids. Hence, manufacturers are offering customization options and expertise to cater to those demands. Moreover, with a rise in digitalization and the Internet of Things (IoT), companies are offering IoT-based pump solutions to enhance the functionality of rotary pumps. The market is highly competitive and concentrated with numerous players having expertise in product design and development. Key companies heavily invest in R&D activities, which enables them to retain their market share thereby further penetrating the industry.

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Reciprocating Pump Market Insights

The global reciprocating pumps market size was estimated at USD 7.93 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. To generate high-pressurized fluid transmission in hydraulic systems, manufacturing systems, and injection & dosing systems, these pumps are essential. Hence, the market for reciprocating pumps is being driven by the expansion of numerous industries like manufacturing, chemicals, and wastewater treatment. Reciprocating pumps are positive displacement pumps that displace a fixed amount of fluid under pressure. They transfer the fluid from one place to another by increasing its pressure. They can be designed to achieve varying constant discharge rates. They are used to transfer gases and liquids across commercial, industrial, and residential applications.

The growth in the oil & gas industry in the U.S. is a key factor contributing to the rise in demand for reciprocating pumps. As reciprocating pumps are significantly used in the oil & gas industry for hydrocarbon exploration, production, and refining, the growth in the oil & gas sector in the U.S. is driving the market growth. Furthermore, the development of shale gas exploration by using the hydraulic fracturing technique in the U.S. is likely to propel the market growth.

The evolving needs of end-use industries and the rising importance of energy efficiency & sustainability showcase the future trends of the market. To cater to these needs, key market players are developing more energy-efficient pumps with less carbon footprint presence. These newly designed pumps have variable frequency drivers (VFDs) to enable better pump speed and flow control. Furthermore, some industries, such as chemical processing, require specialized reciprocating pumps to handle highly corrosive, viscous & acidic fluids. Hence, manufacturers are offering customization options and expertise to cater to those demands. Furthermore, most of the key market layers have adopted the modular designing approach, while designing the reciprocating pumps. In addition to that, companies are giving significant emphasis to offering IoT-based pump solutions.

Go through the table of content of Positive Displacement Pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study

Positive Displacement Pumps Industry Data Book Competitive Landscape

Positive displacement pump manufacturers adopt strategies such as mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to gain greater market presence and cater to the ever-changing consumer requirements.

Key players operating in the Positive Displacement Pumps Industry are:

• Ingersoll Rand
• SPX Flow
• Alfa Laval
• Viking Pump, Inc.
• Grundfos

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