Positive Displacement Pumps Market to Reach $11.25 Billion by 2027; Increasing Global Demand for Oil & Gas Resources Will Aid Growth

The global positive displacement pumps market size is projected to reach USD 11.25 billion by the end of 2027. Increasing hydrocarbon exploration activities will emerge in favor of the growth of the overall market. According to a report published by Fortune Business Insights, titled “Positive Displacement Pumps (PDP) Market Size, Share & Industry Analysis, By Type (Reciprocating Pumps, Rotary Pumps, Peristaltic Pumps), By End-user (Water & Wastewater, Mining, Oil & Gas, Chemicals, Power Generation, Food & Beverage, Others), and Regional Forecast, 2020-2027,” the market was worth USD 6.90 billion in 2019 and will exhibit a CAGR of 6.9% during the forecast period, 2019-2027.

Positive displacement pumps are used to move he fluids that are trapped in a discharge pipe. They are widely used in applications in a chemical plant. The growing emphasis on exploration of hydrocarbons will have a positive impact on the growth of the overall market in the coming years. The increasing number of chemical plants in numerous countries across the world will aid the growth of the overall market in the foreseeable future. The massive investments in research and development of equipment as well as methods used to extract hydrocarbons will bode well for the market. Additionally, technological advancements will lead to a wider product adoption, owing to the increasing in operational efficacies. Positive displacement pumps are widely used in various industrial applications due to their ability to operate with high density and subsequently high efficacy.

Atlas Copco Introduces New Dry Screw Vacuum Pumps

The report highlights a few of the major industry developments of recent times and states their impact on the growth of the overall market. The rising demand for energy and oil & gas resources has subsequently fuelled the demand for positive displacement pumps (PDPs) across the world. Due to the massive product demand, several large scale companies are looking to introduce newer as well as innovative products, with a view to establishing a stronghold in the market. In April 2019, Atlas Copco announced the launch of a new dry screw vacuum pump. The company introduced the DHS VSD+, a product that does not require any oil or water for cooling. The products are also integrated with a variable frequency drive that ensures long life span and durability. Through this product, Atlas Copco will look to establish a stronghold in the market. Atlas Copco’s latest product will not just benefit the company, but will also have a direct impact on the growth of the market in the coming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/positive-displacement-pumps-pdp-market-102797

Increasing Mining Activities Will Lead to Wider Product Adoption

The increasing demand for energy and power has created the need for extensive energy extraction activities across the world. The constantly rising population adds the increasing demand for energy. The increasing mining activities across the world will lead to a wider adoption of PDPs, owing to their high operational efficacies. Moreover, high investments in product R&D will yield product with the highest calibre and efficiency in the coming years.  In addition to this, the increasing number of chemical plants and manufacturing units will add to the growing demand for positive displacement pumps across the world.

Weir Group is Among the Major Companies Focusing on Improving Product Operations

The market derives growth from the presence of several large scale companies that are operating across the globe. Several major companies are looking to integrate newer technologies that will help them improve their existing products, as well as introduce newer products with higher efficacies. Weir Group is one of the several companies that are currently focusing on improving the performances of their products.

List of companies profiled in the report:

• The Weir Group PLC (Scotland)


• Atlas Copco (Sweden)      


• GRUNDFOS (Denmark)


• Flowserve Corporation (U.S.)


• Sulzer (Switzerland)


• Xylem (U.S.)


• SPX FLOW, Inc. (U.S.)


• Lakeside Equipment Corporation (U.S.)


• Alfa Laval (Sweden)


• Dover Corporation (U.S.)


• Pentair (UK)


• Tsurumi Pump (Japan)

Industry Developments:

• April 2019 – Atlas Copco announced the launch of a new line of dry screw pumps. The company introduced ‘DHS VSD+,’ a device that pumps with no contamination without any need for special oil or water cooling.

The global positive displacement pumps market is segmented on the basis of: