Positive Displacement Pumps 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 global positive displacement pumps market size was valued at USD 6.90 billion in 2019 and is projected to reach USD 11.25 billion in 2027, exhibiting a CAGR of 6.9% during the forecast period.

Fast-paced investments in various hydrocarbon assets to conduct exploration & production (E&P) activities are projected to boost the global PDP market. Furthermore, the increasing number of new chemical processing plants coupled with growing measures to treat wastewater to remove harmful effluents is set to propel the industry landscape further. A positive displacement pump is another type of pump which is used to push a fixed volume of fluid into the discharge zone. These units operate with a high power density and deliver a considerably high discharge pressure for effective integration in various industrial operations.

MARKET TRENDS

Implementation of Advanced Solutions to Effectively Monitor and Operate the Products

Several industry players are readily increasing their focus on providing end-to-end pump monitoring to minimize any risk of component failure. Various technologies are integrated to provide cost-effective solutions for observing temperature, vibration, flow rate, and fluid movement by installing tools like sensors, Wi-Fi, data analytics, advanced variable frequency drives, and Industrial Internet of Things (IIoT). Furthermore, these innovative solutions widely help to perform predictive analysis and precisely evaluate the equipment’s life cycle, performance indication and preclude the facility from unplanned downtime.

Rigid Regulations to Combat Wastewater Contamination Along with Developing Power Generation & Chemical Infrastructure

Various authorities and organizations across different regions have enacted stern norms to keep a check on harmful releases from numerous industrial establishments. Wastewater treatment involves pumping of discharged effluents from the outlet pipes of various industries to a separate unit for removal of hazardous content and uses the cured fluid for other operations. For instance, the U.S. Environmental Protection Agency (EPA) implemented the Clean Water Act (CWA) under 33 U.S.C. §1251 to regularize and standardize the pollutant discharges into clean surface waters across the country.

MARKET DRIVERS

Rapidly Growing Mining Activities Coupled with Rising Energy Demand Is Set To Boost the Product Demand

Positive displacement pumps are widely integrated into various industry verticals owing to their high operational efficiency and less frequent maintenance needs. These are also used significantly in numerous mining operations across the globe due to their ability to diminish abrasive wear & tear of its components by working at slow speeds. A PDP also offers substantial energy savings by working with high effectiveness and are installed for mine dewatering & pumping fluids with solid content. Furthermore, economical operations, varying pressure output, reliable operations, and optimum displacement design are some of the factors propelling the adoption of these units in power generation stations.

Increasing Number of Chemical Processing and Production Facilities Will Augment the Market Growth

Industrial infrastructures across several regions are expanding rapidly with ongoing investments in new chemical plants to boost the PDP market. The units deliver easy pumping operations of medium to very high viscous fluids with high pressures. Besides, these products also help in thrusting fluids with low vapor pressures and handle corrosive chemicals like liquid foods, brines, and acids.

MARKET RESTRAINT

Precise Operation Conditions Coupled with Need of Additional Equipment for Smooth Operations May Hinder the Industry Growth

The movement of pistons in a positive displacement pump often creates pulsations between the outlet and inlet ports of the body. These severe pulsations are likely to impart significant damage to nearby systems if they are not treated. Hence, a pulsation dampener is required in an oscillating PDP unit to treat the oscillations and mitigate risks to other equipment. Additionally, the products require pressure relief or safety valves along with many other wear & tear prevention parts as it does not put restrictions on the pressure of the fluid. PD pumps are also susceptible to high speeds owing to their complex mass balancing to solve vibrating issues.

SEGMENTATION

By Type Analysis

Reciprocating Pumps Type Is Anticipated to Hold a Dominating Share Over the Forecast Period

Based on type, the industry is trifurcated into reciprocating pumps, rotary pumps, and peristaltic pumps. Reciprocating pumps segment is projected to lead the PDP market owing to its extensive features and a wide range of applications. The pump primarily uses a plunger, piston, or diaphragm in continuous back-and-forth movement to provide high-pressure output with accurate metering of pump discharges. Reciprocating PDPs are available in single-acting and double-acting system designs based upon the number of discharges and suction per crankshaft revolution.

Minimal fluid leakage or slippage along with fixed casing sizes to maintain clearances between stationary and rotating parts is projected to complement the installation of the rotary pump type segment. These units are readily deployed to propel high viscous fluids like oil and slurries, along with numerous abrasive fluids at high pressures. Subsequently, the peristaltic type of PDPs uses the movement of surrounding walls at fixed intervals to effectively transfer mechanical energy to the pumping fluid. The systems offer significant advantages like less exposure towards cavitation problems coupled with the contact of pumping fluid with the smooth surface only to throw liquid to the discharge point effectively. 

By End-user Analysis

Increasing Investments in Hydrocarbon Exploration and Production Will Complement the Oil & Gas Segment to Lead the Market

Based on end-user, the market can be primarily divided into water & wastewater, mining, oil & gas, chemicals, power generation, food & beverage, and others. Growing need to pump liquids with high thickness at elevated pressures to effectively carry out different operations has positively influenced the adoption of positive displacement pumps (PDP) for various purposes. The oil & gas segment is likely to shape the market trends owing to increasing expenditures on E&P activities along with discoveries of new high potential reserves. Positive displacement pumps are used in vital operations in oil & gas operations, including drilling to pump drilling fluids, cementing, well treatment, hydraulic fracturing, and many others.

The chemical segment is anticipated to witness considerable growth owing to the constant requirement of different chemical products as raw materials to manufacture other goods along with rising construction of various sized chemical plants. Rapidly developing residential, commercial, and industrial infrastructure, along with the increasing rate of urban population shift among emerging economies, will favor the power generation end-user segment. Furthermore, the growth of the mining sector is highly attributed to the increasing demand for numerous earth metals to fabricate efficient products for installation in different industry verticals.

Consequently, water & wastewater is also projected to account for a substantial portion during the forecast timeline owing to stringent government norms to keep a check on the contamination of clean water sources. Additionally, various industry players have also revealed noteworthy decisions to recycle the discharged liquids for other operations. The food & beverage end-user industry is likely to observe a considerable increase due to the constant need for pumping food ingredients like syrups & vinegar with smooth, hygienic, and quick operations.

REGIONAL ANALYSIS

Geographically, the positive displacement pumps (PDP) market has been analyzed across five key regions, including North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to lead the industry over the forecast period. Increasing hydrocarbon activities to suffice the expanding energy demand among different countries is likely to propel the regional industry landscape. Major nations actively participating in the territory are India, China, Australia, Japan, and numerous Southeast Asian countries.

European industry is projected to witness steady growth owing to rising offshore operations in the North Sea, coupled with a stern regulatory framework to prevent wastewater discharges. Additionally, encouraging power generation targets introduced by various governments and organizations, along with rising mining operations, is set to boost the product adoption further. Key countries contributing to the PDP industry in the region are Italy, the UK, Germany, France, and Russia.

Steep inclination towards producing from various conventional and unconventional hydrocarbon assets along with the presence of vast shale gas reserves will complement the North America industry outlook. U.S. and Canada are the key countries with established power generation and chemical processing plants propelling the market in the region. In February 2020, the U.S. Energy Information Administration (EIA) reported that fossil fuels, including natural gas and coal, accounted for about 62.7% of the country’s total utility-scale energy generation in 2019.

The Middle East & Africa market is set to grow substantially due to the presence of vast untapped hydrocarbon reservoirs along with comparatively lower E&P costs. Consequently, abundant availability of input liquids for chemical processing plants, along with increasing refinery capacities, will further propel the regional industry outlook. For instance, as per BP Statistical Review, 2019, the total Middle East oil refinery throughput experienced about a 2.3% annual increase from 8.24 to 8.43 million barrels per day between 2017 and 2018. Key nations participating across the territory are South Africa and Gulf Cooperation Council (GCC) countries.

KEY INDUSTRY PLAYERS

Weir Group Is Focusing on Introducing New Products with Enhanced Application Potential Across Different Industries

• In November 2019, the Weir group’s mineral division announced the successful integration of their GEHO positive displacement pumps in SIMEC mining’s project in South Australia. The company’s GEHO units help to transport slurry at the rate of around 300 tons per hour through a pipeline to a steel producing facility.

List of Key Companies Profiled:

• 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)

Key Participants Are Concentrating On Improving Their Strategic Partnerships Along with Launch of New Products

Different players across the positive displacement pumps market are increasingly participating in organic & inorganic developments to fortify their market position globally. Additionally, the companies are also expanding their product portfolios by introducing high power and more efficient pump units to increase the applicability of their offerings in different industrial verticals. For instance, in October 2019, the Bran+Luebbe brand, under its parent organization, SPX Flow fabricated a new type of reciprocating pump unit called Novados double-acting, double-diaphragm (DADD) pumps for installations in chemical injection processes. The new product will be lighter in weight and possess a compact design along with precise & safe handling of hazardous chemicals for offshore oil & gas installations.

KEY INDUSTRY DEVELOPMENTS:

• In June 2021, A major supplier of process equipment, Anderson Process, acquired a leading pump service provider and distributor Premier Pump Inc., based in Ohio. Afte After the acquisition, Anderson Process will supply a series of process equipment, including pumps, filtration, and more, for the firm situated in the Midwest region.


• In June 2021, A prime leader in reciprocating compressor technology and specialty pumps, Blackmer, declared that its new sliding vane pump is now available. The new product named Blackmer TLGLF3HD is a special flange-mounted pump designed to increase pump safety and reliability by optimizing the unloading and loading speeds of  LPG products for trucks.


• In January 2021, IDEX corporation announced the acquisition of Abel Pumps, L.P., valued at USD 103.5 million and is expected to complete in the first quarter of 2021. Abel Pumps, a German-based company majorly focused on manufacturing and designing engineered reciprocating positive displacement pumps.


• In January 2021, A global leader in the supply of positive displacement pumps, Unibloc Pump, declared that the firm had been acquired by a Midwest private equity company May River Capital. May River Capital is a private equity firm based in Chicago majorly focused on investing in industrial growth companies, including investments in engineered products, precision manufacturing, and specialized industrial services.

FUTURE OUTLOOK

The expansion of positive displacement pumps market is propelled by expanding oil & gas operations across different regions, coupled with significant investments in chemical production units. Furthermore, growing measures to curb the effluent discharge in clean waters and the introduction of new policies to treat commercial & industrial water releases will upsurge the PD pumps demand. Consequently, rising investments in mining operations to continuously produce various metals and minerals is set to shape the future market trends.

REPORT COVERAGE

The positive displacement pumps market report offers qualitative and quantitative insights on the positive displacement pumps and the detailed analysis of market size & growth rate for all possible segments in the market.

Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report are the advancement in technology for PD pumps market by individual segments, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.

REPORT SCOPE & SEGMENTATION