According to the market analysis 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 MarketStudyReport, positive displacement pumps market is expected to accumulate sizable returns over 2021-2027.
 

Increasing product utilization across various applications such as pharmaceuticals, food & beverages, oil & gas, and water treatment processes is tremendously augmenting positive displacement pumps market growth.

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For the uninitiated, a positive displacement pump is a cyclical device that traps a fixed amount of fluid and then discharges it through repeated pumping actions with the help of diaphragms, rollers, pistons, gears, and screws.

Positive displacement pumps can produce the same amount of flow, regardless of discharge pressure, in comparison to alternatives such as roto-dynamic or centrifugal pumps. However, high maintenance costs and strong competition from centrifugal pumps may impede product adoption in the ensuing years.

Based on type, global positive displacement pumps industry is divided into rotary and reciprocating pumps. Reciprocating pumps are further sub-divided into piston/plunger and diaphragm. The diaphragm reciprocating pumps segment is expected to record a stable growth rate of 3.8 % over the forecast period as diaphragm pumps are extremely versatile and capable of handling a diverse array of liquids from sticky fluids, sensitive foodstuff, pharma products, oils, and gels to violent chemicals such as acids.

Within the application or end-user spectrum, the pharmaceuticals sub-segment is anticipated to register a demand share exceeding 5% and is anticipated to showcase healthy growth during the analysis timeline.

From a regional frame of reference, the Latin America positive displacement market is expected to witness a growth rate of around 3.7% during the stipulated time period owing to new product innovations and launches across the region.

Meanwhile, the industry in Middle East & Africa held 3.87% of the overall volume share in 2020 and is expected to grow substantially in the upcoming years.

Speaking of the competitive framework, major companies influencing the market trends are Pentair plc, General Electric Company (GE), Wilo SE, Kubota Corporation, Alfa Laval AB, The Weir Group plc, Ingersoll Rand Inc., Xylem Inc., Sulzer Ltd, Grundfos, KSB SE & Co. KGaA, FMC Technologies, Inc., Ebara Corporation, and The Flowerserve Corporation.