According to the report titled ‘Positive Displacement Pumps Market Size By Type (Rotary {Gear, Vane, Screw}, Reciprocating {Diaphragm Piston/Plunger}), By End User (Water Treatment, Oil & Gas, Chemicals, Pharmaceutical, Food & Beverage), COVID19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global positive displacement pumps market is expected to record a healthy growth rate over the forecast duration.
 

Industry experts claim that worldwide positive displacement pumps market is largely driven by increasing product adoption across various end-use industries such as food & beverages, oil & gas, pharma, and water treatment.
 

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For the uninitiated, a positive displacement pump directs a fluid by repeatedly enclosing a fixed fluid amount and transfers that trapped amount into a discharge pipe or discharge system.
 

Based on type, diaphragm piston reciprocating pumps segment is estimated to record 3.8% CAGR over the forecast period. Diaphragm pumps are highly versatile as they can push fluids with low, medium, and high viscosities such as shear-sensitive foodstuffs, sticky fluids, dirty water, pharma product, volatile solvents, as well as smaller solids, oils, gels, creams, and abrasive slurry. They can also be utilized for handling various hazardous chemicals such as acids as these formed up of a wide range of diaphragms and body components that can withstand harsh conditions.
 

In terms of end-use, pharma segment accounted for 5% of the overall positive displacement pumps market demand share in 2020 and is slated to witness robust growth over the projected timeline. This can be ascribed to the use of pumps in biopharmaceutical process to move fluids such as buffer, media, and water for injection through tubing, and to deliver them to the process equipment.
 

On the geographical front, LATAM market is slated to register 3.7% CAGR throughout 2021-2027, chiefly on the back of new product launches and innovations by industry players in this region.
 

Meanwhile, MEA market captured 3.87% of the overall volume share in 2020 and is likely to generate strong revenues in the upcoming years.
 

Leading players in global positive displacement pumps industry sphere are Pentair plc, Kubota Corp., Wilo SE, General Electric Company, Ingersoll Rand, Alfa Laval AB, Xylem Inc., Weir Group plc, Sulzer Ltd., KSB SE & Co. KGaA, Grundfos Holding A/S, FMC Technologies Inc., The Flowserve Corp., and Ebara Corp.