Positive Displacement Pumps Market Analysis

Positive Displacement Pumps Market Analysis

Reciprocating pumps held around 40% of the positive displacement pumps market share in 2020 and is projected to witness significant CAGR through 2027. Reciprocating pumps are perceived to be more efficient than centrifugal pumps. Reciprocating pumps are used where accurate dosing or high-pressure output is required. Reciprocating pumps are classified into piston or plunger pumps and diaphragm pumps. Between both types, diaphragm pumps held the largest share in the reciprocating pumps segment.

Oil & gas accounted for around 40% of the PD pumps market revenue share in 2020 and is predicted to reach USD 8.2 billion by 2027. Global dependency on oil & gas will increase in the coming years owing to rising industrial economies. Many countries are expanding their oil & gas exploration activities to find and reach more oil fields.

The Asia Pacific positive displacement pumps market revenue is forecast to cross USD 10.3 billion by 2027. Asia Pacific has become the largest market for pump manufacturers. Regional industries are growing at a significant rate propelled by the presence of large domestic markets such as China, India, Indonesia, etc. Additionally, many manufacturers are establishing their production base in Asia Pacific to take advantage of the regional markets.