Positive Displacement Pumps Global Market Report 2024

The global positive displacement pumps market has grown strongly in recent years. It will grow from $11.34 billion in 2023 to $11.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. During the historic period, growth was fueled by several key factors. These include the surge in industrialization and manufacturing activities, the expansion of oil and gas exploration initiatives, heightened demands in water and wastewater treatment, growth within the chemical processing industry, increased requirements in pharmaceutical manufacturing, rising needs within the food and beverage processing sector, applications in power generation, as well as utilization in mining and mineral processing operations.

The global positive displacement pumps market is expected to see strong growth in the next few years. It will grow to $15.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period can be attributed to several driving forces. These encompass the upsurge in renewable energy projects, an expanding role in hygienic applications, the integration of smart pumping systems, a heightened focus on water conservation efforts, increased demand for oilfield services, growing significance within HVAC systems, amplified investments in infrastructure development, and the utilization of advanced materials in pump construction.

The positive displacement pumps market is expected to experience growth, driven by increased oil and gas exploration activities. These pumps play a pivotal role in various operations within the oil and gas sector, including pipeline management, cooling systems, and water supply. Notably, in November 2022, the US Energy Information Administration reported a significant 22.23% rise in active oil service rig count in the United States, signaling an upsurge in exploration and drilling operations, underscoring the impact on the positive displacement pumps market.

Additionally, the burgeoning chemical production sector is poised to contribute to the growth of the positive displacement pumps market. These pumps are integral in chemical manufacturing processes, ensuring precise fluid transfer and efficient processing. A report by the Chemical Industries Association in April 2022 highlighted the steady expansion of UK chemical production, projecting sustained growth in the coming years. This growth trajectory in chemical production signifies a parallel drive in the demand for positive displacement pumps within the sector.

A notable trend within the positive displacement pumps market is product innovation, with major players unveiling groundbreaking solutions. For instance, Lee Company introduced a high-performance miniature pump equipped with advanced control electronics. This innovation, launched in August 2022, boasts features such as self-priming capabilities, variable speed control, and fault monitoring. The miniature radial piston-designed displacement pump underscores the industry's focus on integrating cutting-edge technology into compact and efficient pump designs.

Moreover, leading companies in the positive displacement pumps market are emphasizing energy-efficient solutions to fortify their market positions. Edwards Vacuum, in August 2023, launched the E2S series, a new oil-sealed rotary vane vacuum pump designed for low and medium vacuum applications. This series prioritizes energy efficiency, quiet operation, and user-friendly features, catering to diverse industries and research sectors. The pump's design incorporates elements like low-noise bearings, continuous lubrication, and enhanced water vapor tolerance, meeting the demand for advanced and sustainable vacuum pump solutions across various industries.

In March 2021, IDEX Corporation, a US-based manufacturing company focusing on the development, design, and manufacture of fluidics systems, optics systems, and other specialty engineered products, acquired Abel Pumps, L.P, and certain of its affiliates for an undisclosed amount. Through this acquisition, IDEX Corporation will combine both expertise by adding Abel and its employees to the IDEX businesses, which is expected to further strengthen the IDEX pump and valve portfolio. Abel Pumps L.P. is a US-based manufacturing company providing reciprocating positive displacement pumps and specializes in membrane pumps.

Major companies operating in the positive displacement pumps market report are Ebara Corporation, KSB SE & Co. KGaA, WILO SE, Dover Corporation, Pentair plc., Grundfos Pump Corporation, Sulzer Ltd., Xylem Inc., SPX Flow Inc., Alfa Laval AB, The Weir Group PLC., Fristam Pumpen KG (GmbH & Co), HERMETIC-Pumpen GmbH, Ruhrpumpen Inc., Tsurumi Pump Inc., Ampco Pumps Company Inc., Flowserve Corporation, ITT Inc., Liquidyne Process Technologies Inc., Springer Pumps LLC., Titan Manufacturing Inc., Dickow Pump Co., Centec LLC, Watson-Marlow fluid technology group, Prominent Group, Cole-Parmer Instrument Company LLC, NETZSCH Holding, LEWA GmbH, Viking Pump Inc., Moyno Inc., Blackmer Inc., Gardner Denver Holdings Inc.

Asia-Pacific was the largest region in the positive displacement pumps market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the positive displacement pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the positive displacement pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of positive displacement pumps encompass rotary pumps, reciprocating pumps, and other variants. Rotary pumps function by pumping a fixed volume of fluid through a set number of revolutions. Various raw materials like bronze, cast iron, polycarbonate, stainless steel, and others are utilized in their construction. These pumps cater to diverse end-user industries such as water treatment, oil and gas, chemicals, pharmaceuticals, food and beverages, among others.

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The positive displacement pumps market consists of sales of progressive cavity pumps, gear pumps, and impeller pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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