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The global ATEX pump market is witnessing significant growth owing to its rising demand for hazardous applications such as solvent recovery, dealcoholisation plants, mining, and highly flammable liquids.
Flammable or Explosive Substances used in the Petrochemical and Oil & Gas Sectors Drive the Demand for ATEX Pumps
Centrifugal ATEX pumps are widely used in the petrochemicals oil & gas sector owing to their higher efficiency, capability, and reliability in handling various viscous & corrosive fluids. These pumps can operate efficiently in challenging environments such as drilling rigs and remote pipeline locations where there is a presence of hazardous vapors, flammable gases, and combustible dust.
Crude Oil Imports by Country of Origin, 2022
|
Country |
Import Volume (Million Tonnes) |
|
Russia |
88.4 |
|
Norway |
54.1 |
|
U.S. |
48.3 |
|
Iraq |
37.2 |
|
Kazakhstan |
36.6 |
The origins of the crude oil imported to the EU have changed considerably due to the Russian invasion of Ukraine. In May 2022, the European Commission implemented the REPowerEU plan to reduce its dependency on Russian fossil fuels.
High Initial Cost and Energy Consumption May Hinder Growth
ATEX pumps are quite expensive to purchase and install for large-scale applications. Further, their energy consumption is high, which leads to higher operating costs. These pumps are made from high-quality materials that are resilient to chemical and mechanical influences. In addition, the training & testing necessary for ATEX approval is extensive, which incurs high costs owing to which large companies with high product pricing can afford the same.
Emerging Applications of ATEX Pumps in Pharmaceuticals, Food & Beverage, and Waste Treatment & Recycling Present Significant Growth Opportunities
The adoption of ATEX pumps in pharmaceuticals and other sectors is rising at a steady pace owing to their higher efficiency, capability, and reliability in handling various viscous and corrosive fluids. In the pharmaceutical sector, these pumps are used for handling alkalis, acids, and reactive organic compounds used in the synthesis of active pharmaceutical ingredients (APIs) and dosing pumps.
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According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the European Union's top 5 pharmaceutical trading partners in 2021 were the U.S., Switzerland, U.K., China, Japan, and Singapore.
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By Type |
By End-use Industry |
By Geography |
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The report covers the following key insights:
Based on type, the market is segmented into centrifugal, peristaltic, diaphragm, and others.
The centrifugal ATEX pumps are widely used in hazardous areas where the risk of explosion due to vapors, dust, and flammable gases is high. In addition, these pumps are used across industrial, domestic, and agricultural applications to pump solvents, water, oils, bases, acids, and others. For instance, the centrifugal pumps manufactured by GemmeCotti Srl are anti-corrosion industrial pumps widely used for pumping acids, bases fluids, and corrosive liquids.
Based on end-use industry, the ATEX pump market is divided into oil & gas, chemicals, pharmaceuticals, mining and others.
Among these, the oil & gas segment accounted for a majority of the market share, where these pumps are used for extraction, processing, and storage of flammable fuels and solvents. Further, ATEX pumps are used for recycling and treatment of flammable gases or dust.
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Based on region, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest share of the global ATEX pump market. The growth of the market in the region is attributed to rapid growth in pharmaceutical, food & beverage, oil & gas, and other sectors.
Asia Pacific is growing at a significant rate as the demand for ATEX pumps in this region is attributed to the rising oil consumption.
In Europe, there are over 300 oil & gas offshore installations that contribute to secured energy supply, owing to which the ATEX pump demand is increasing in this region. In 2022, EU countries reported 311 oil & gas offshore installations in European waters, compared to 347 in 2021, as mentioned by the European Commission.
Latin America ATEX pump market has shown considerable growth, being one of the key oil & gas producing regions. The oil-based fuels power the majority of aircraft, automobiles, and ships in Latin America. Technological developments such as hydraulic fracturing ("fracking") used for crude oil production have led to an increase in oil production.
The Middle East & Africa market is growing at a significant rate as the demand for ATEX pumps in this region is driven by countries such as Saudi Arabia, Iraq, and the United Arab Emirates, which are the leading oil-producing countries in this region.
The global ATEX pump market is fragmented due to the presence of a large number of group and standalone providers.
The report includes the profiles of the following key players:
Expand Regional and Country Coverage, Segments Analysis, Company Profiles, Competitive Benchmarking, and End-user Insights.
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