Global Positive Displacement Pumps Market – High Demand From APAC to Boost Growth | Technavio

October 23, 2017

LONDON–(BUSINESS WIRE)–#Automation–The global
positive displacement pumps market is expected to grow at a
CAGR of close to 8% during the forecast period, according to Technavio’s
latest market research.

In this market research report, Technavio
covers the market outlook and growth prospects of the global positive
displacement pumps market for 2017-2021. The market is
further categorized into two product segments, which include
reciprocating pumps and rotary pumps. The reciprocating pumps segment
accounted for more than 65% of the market share in 2016.

Technavio’s research analysts segment the global positive displacement
pumps market into the following regions:

APAC
EMEA
Americas

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

APAC: demand from chemical industry to boost growth

It is expected that APAC will be the only geography, which will feature
a faster CAGR than that of the global positive displacement pumps market
during the forecast period. The growth of global positive
displacement pumps market in this region during the forecast
period can be attributed to the chemical, power generation, and food and
beverages industries. The market in this region is expected to gain
traction owing to increased demand for electricity and the importance
given to hydel power generation units.

The growth of the chemical industry in APAC is expected to drive the
positive displacement pumps market in the region, considering the
ability of positive displacement pumps to handle fluids with solid
particulates.

According to Sushmit Chakraborty, a lead analyst at Technavio for automation
research, “The long life-cycle of positive displacement pumps is a
factor that is expected to drive their adoption in the power generation
units during the forecast period. China, Japan, and India are the top
three countries that will account for a major share of the positive
displacement pumps market in APAC in the year 2021.”

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

EMEA: water and wastewater industry to fuel growth

EMEA is expected to have a moderate year-on-year growth in the positive
displacement pumps market during the forecast period. The downfall of
the oil and gas industry is expected to bring down the adoption of
positive displacement pumps during the forecast period. This factor is
expected to induce a moderate year-on-year growth in the positive
displacement pumps market in EMEA.

The growth of the water and wastewater and chemical industries in EMEA
is expected to drive the positive displacement pumps market during the
forecast period. The demand from the chemical industry in EMEA is
expected to boost the market considering the huge demand from African
nations. The chemical industry in EMEA is currently spending huge
amounts on research and development to bring out innovative and
sustainable products.

Americas: growth of the oil and gas industry to boost demand

The growth of the oil and gas, water and wastewater, and chemical
industries in the Americas is expected to increase the adoption of
positive displacement pumps during the forecast period. The preference
of end-users for positive displacement pumps is expected due to their
higher efficiency and ability to replace centrifugal pumps in some
operations in the end-user industries.

“The main driving factors behind the higher adoption of positive
displacement pumps in the Americas is expected to be the growth of the
oil and gas industry and water and wastewater industry. The exploration
of shale gas is expected to further increase the adoption of positive
displacement pumps in activities ranging from exploration to
distribution in the oil and gas industry during the forecast
period,” says Sushmit.

The top vendors in the global positive displacement pumps market as
highlighted in this market research analysis are:

Flowserve
Grundfos
ITT Goulds Pumps
KSB
Sulzer

Browse Related Reports:

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1-844-364-1100
UK: +44-203-893-3200
www.technavio.com