Global Positive Displacement Pumps Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2024-2032)

Positive Displacement Pumps Market Growth

The global market is being driven by the growing product utilisation in wastewater treatment facilities. The rising environmental concern and the growing need to recycle wastewater is supporting the industry's growth.

The growth of the positive displacement pumps market is driven by the growing demand for wastewater treatment in various industries like refining, chemical, and pharmaceuticals. The growing focus on sustainable development with rising environmental concerns is propelling the industry growth. The implementation of stringent government regulations across the globe, encouraging wastewater treatment, will significantly contribute to the growth of the global positive displacement pumps industry.

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Positive Displacement Pumps Market Trends

The rising demand for pump repair and remanufacturing from high-performance applications, such as chemical processing and offshore oil and gas production, is a crucial trend of positive displacement pumps market. The increased investment in research and development activities, coupled with rapid technological advancement, is expected to propel the global market growth over the forecast period.

Recent Developments

As per the positive displacement pumps market dynamics and trends, Vogelsang announced the launch of the EP series, a range of positive displacement pumps, in July 2024, that can be readily used in industrial pumping applications, specifically in the oil and gas sector.

Industry Outlook

As per the positive displacement pumps industry analysis, the 2023 estimates of OPEC stated that around 79.1% of the world’s crude oil reserves are in the OPEC member countries, out of which the Middle East oil reserves account for around 67.3% of the total. Venezuela accounted for around 24.4% of crude oil reserves, followed by Saudi Arabia at 21.5%, and IR Iran at 16.8%. This positive trend can contribute to the demand for positive displacement pumps that are readily used for supplying crude oil from production sites to processing facilities. These pumps can transport viscous liquids at high pressures at a moderate rate which makes them preferable in the oil and gas sector.

Furthermore, the rising acquisition and partnerships between the market players to boost their market reach are expected to boost the growth of the positive displacement pumps industry. For instance, the Graham Corporation, a provider of mission-critical fluid, power, and heat transfer, announced the acquisition of P3 Technologies, LLC, an engineering, product development and manufacturing company in November 2023. This acquisition aimed to expand the turbomachinery solutions of Graham with the high-end diffuser technology that can enhance the efficiency of pumps and compressors for usage in various applications.

Factors Contributing to the Growth of the Global Market for Positive Displacement Pumps

• Industrial Growth: Expansion in key industries like oil & gas, water & wastewater, chemical, and food & beverage drives demand.
• Precision and Efficiency: High demand for pumps offering precise flow control and efficient handling of viscous and abrasive liquids.
• Energy Efficiency: Focus on energy-efficient pumping solutions to reduce operational costs, and environmental impact, and aid positive displacement pumps demand growth.
• Infrastructure Development: Investments in infrastructure projects, especially in emerging economies, boost market growth.
• Technological Advancements: Innovations in pump design and materials improve performance and reliability.

Challenges Faced by Manufacturers in the Global Positive Displacement Pumps Market Share

• High Initial Costs: Significant initial investment for quality pumps can deter potential buyers.
• Maintenance and Downtime: Regular maintenance and potential operational downtime challenge continuous operations.
• Competition: Intense competition from centrifugal and other pump types impacts market share.
• Raw Material Prices: Fluctuations in raw material prices affect manufacturing costs and profitability as well as positive displacement pumps demand forecast.
• Regulatory Compliance: Adhering to stringent standards and environmental regulations is complex and costly.

Key Growth Opportunities in the Global Market for Positive Displacement Pumps

• Emerging Markets: Expansion into rapidly industrializing regions like Asia-Pacific and Latin America.
• Energy Sector: Increasing adoption in oil & gas for upstream, midstream, and downstream applications.
• Water Treatment: Rising demand in water and wastewater treatment plants for efficient fluid handling can fuel positive displacement pumps demand.
• Customized Solutions: Development of tailor-made pumping solutions for specific industry requirements.
• Renewable Energy: Growing use in renewable energy applications, such as biogas and biofuel production.

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Positive Displacement Pumps Industry Segmentations

Positive Displacement Pumps Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Positive displacement (PD) pump, also known as a constant flow machine, is a type of an industrial pump utilised to transfer fluid from the inlet pressure section into the discharge tube. They help in maintaining a constant flow of liquid irrespective of the backpressure. Positive displacement pumps, unlike the traditionally used centrifugal pumps, ensure the advancement of fluid at a constant speed irrespective of the pressure.

On the basis of product type, the global positive displacement pumps industry is divided into:

• Rotary Pumps 
  • Vane
  • Screw
  • Lobe
  • Gear
  • Progressing Cavity (PC)
  • Others
• Reciprocating Pumps 
  • Piston
  • Diaphragm
  • Plunger
  • Others
  • Peristaltic
  • Others

Based on capacity, the industry is segmented into:

• Low Capacity Pumps
• Medium Capacity Pumps
• High Capacity Pumps

On the basis of pump characteristics, the industry is divided into:

• Standard Pumps
• Engineered Pumps
• Special Purpose Pumps

The various raw materials available in the positive displacement pumps industry are:

• Bronze
• Cast Iron
• Polycarbonate
• Stainless Steel
• Others

The product finds end use in various sectors like:

• Oil and Gas
• Water and Wastewater  
• Automotive
• Chemicals and Petrochemicals
• Others

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global market for positive displacement pumps, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansion and plant turnarounds:

• Flowserve Corporation
• Grundfos Pumps Pty. Ltd
• ITT Inc.
• KSB SE & Co. KGaA
• ALFA Laval
• Schlumberger Limited.
• Others

The comprehensive EMR report provides an in-depth analysis of the global positive displacement pumps industry based on the Porter's five forces model along with giving a SWOT analysis.

Market Competition in the Global Market for Positive Displacement Pumps

The key players in the Global market include Grundfos, Xylem Inc., Flowserve Corporation, SPX FLOW, Inc., IDEX Corporation, Dover Corporation, Schlumberger Limited and ITT Inc.

Competitive Strategies by Key Players in the Global Market for Positive Displacement Pumps

• Product Innovation: Grundfos and Xylem Inc. invest in R&D for innovative and efficient pump solutions.
• Strategic Acquisitions: Flowserve Corporation and IDEX Corporation pursue acquisitions to expand product portfolios and enhance positive displacement pumps market opportunities. 
• Global Expansion: SPX FLOW, Inc. and Dover Corporation focus on expanding operations in emerging markets.
• Customer-Centric Solutions: ITT Inc. offer customized pumping solutions for specific industry needs.
• Sustainability Initiatives: Emphasis on energy-efficient and environmentally friendly pump solutions to meet regulatory and market demands.

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Positive Displacement Pumps Market Regional Analysis

The Asia Pacific is expected to contribute significantly to the positive displacement pumps market value. With the growing urbanisation and rapid industrialisation, emerging economies are witnessing an increased installation of water treatment facilities, which is expected to provide various growth opportunities to the industry in the forecast period.