Global Positive Displacement Pumps Market is Expected to be Worth $2,658.7 Million in 2021, with a CAGR of 4.9% Over The Forecast Period (2021-2028)

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Positive Displacement Pumps
Positive Displacement Pumps

A positive displacement pump mechanically moves a fluid by repeatedly enclosing a fixed volume with valves or seals and moving it through the system. These pumps have a high capability of high-pressure development from low operating suction pressures, and the flow rate is controlled by speed variation and feed material recycling. Positive displacement pumps have a wide range of applications in industrial processes as well as operations in the energy and utility sectors.

Drivers of Market Dynamics

During the forecast period, the growing water and wastewater treatment sector is expected to drive growth in the global Positive Displacement Pumps Market. Positive displacement pumps are in high demand due to the rapid development of civic water utility infrastructure in emerging regions such as Latin America and Asia Pacific. With an increase in the installed base of pumping units, the demand for sewage treatment has increased dramatically in both the public and industrial sectors. Desalination and ZLD (zero-liquid discharge) technologies are expected to boost the market for positive displacement pumps in the civic and industrial sectors.

Continuous demand from the oil and gas industry is expected to drive growth in the global positive displacement market over the forecast period. Despite the slowing trend in material price supply and demand, the oil and gas industry is expected to see massive Demand For Positive Displacement Pumps Market over the forecast period. This is due to ongoing investments in shale gas around the world. The growing emphasis on establishing micro-liquefied natural gas terminals, which has resulted in a significant decrease in the value of investments made by oil producers, has resulted in a high demand for positive displacement pumps.

Market Opportunities

Because of Positive Displacement Pumps Market saturation in industries such as chemicals, power, pulp and paper, and so on, pump manufacturers have developed advanced prototypes to broaden the scope of application in new fields such as cryogenics in aerospace and the use of medical gases in the healthcare sector. The cryogenic pump market is expected to grow at a steady rate, following the same pattern as the global positive development pumps market.

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