Surging Ahead: Positive Displacement Pump Market Set to Reach US$ 21.72 Billion by 2033

The market for positive displacement pumps is anticipated to reach a market size of US$ 13.78 billion in 2023 and develop at a CAGR of 4.4% to reach US$ 21 billion between 2023 and 2033.

Within and between facilities, positive displacement pumps are utilized to move fluids. The market has evolved over time in terms of material and design improvements. As a result of developments in material sciences, businesses have released goods that can endure noticeably more pressure.

According to the report, the market will grow at a CAGR of around 4% between 2021 and 2031. Positive displacement pumps are in high demand as the oil and gas and water distribution industries grow.

Experience efficiency firsthand – Get your Sample of Positive Displacement Pumps:https://www.futuremarketinsights.com/reports/sample/rep-gb-522

Positive displacement pumps are important equipment used for ensuring accurate and repeatable transportation and pumping operations. Market leaders are investing in refineries for oil-based products to increase their regional presence and market share.

Positive displacement pumps have seen a significant rise in demand over the last few years. To meet the increased demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure.

Demand for positive displacement pump waned in 2020 due to the COVID-19 pandemic. However, the water and wastewater segment of the industry sowed less due to the latest guidelines issued by World Health Organization (WHO) which bodes well for the sales of this equipment in future. Despite the risk of a stimulus in many countries, the market’s long-term outlook is optimistic.

Key Takeaways from Positive Displacement Pumps Market Study

“The surge in demand from the global oil & gas industry for positive displacement pumps in recent years is expected to support market growth, especially in emerging economies such as India and China. Against this backdrop, the market players are likely to increase their investment towards expansion in the developing countries,” says a Future Market Insights analyst.

Step up your pumping game – Buy Now and dominate the market:https://www.futuremarketinsights.com/checkout/522

Competitive Landscape

The market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Grundfos, Ebara Corp., Flowserve Corporation, WILO SE, Xylem Inc., The Weir Group Plc, Ruhrpumpen Group, Sulzer AG, Dover Corp., and KSB Group.

Applications in the power generation and chemical sectors played significant roles between 2016 and 2020. According to FMI, the oil and gas industry is expected to grow at a healthy rate in economies such as China, India, the Middle East, and Africa.

Positive Displacement Pumps Market by Category

By Product Type:

By Application Type:

By Region:

Precision meets Personalization – Get Your Custom Positive Displacement Pump:https://www.futuremarketinsights.com/customization-available/rep-gb-522

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

Future Market Insights, Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected] All Reports: https://www.futuremarketinsights.com/reports