Description
The
global positive displacement (PD) pumps market value is expected to reach USD
4.2 billion by 2025, according to a new report by Grand View Research,
Inc.Growing opportunities in the water treatment sector are expected to propel
growth of the market.
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The
volatility in the oil and gas industry is expected to dip the revenue of large
players. However, the demand for cost-effective and easy-to-install pumps in
midstream and downstream is estimated to balance the overall appetite. The
fluctuation in oil prices is expected to lead the market toward consolidation.
Furthermore, the opportunities in the APAC and MEA regions are likely to
generate stable demand for the product as many refineries across the region are
expanding their capacities. Pump manufacturers are considering to tap this
potential through sustained focus on innovation. With changes in the end-user
landscape, which are influencing a shift from transactional relationships to
partnerships, suppliers are anticipated to employ new business models, such as
analytics-as-a-service and pump-as-a-service, to maintain their position in the
global market.
For
instance, Altra Industrial Motion has announced the acquisition of Guardian
Industries to expand its product line of couplings. Key vendors analyzed in the
report are Flowserve, Grundfos, ITT, Sulzer, and KSB. Merger and acquisition
activities continue to be an integral part of market growth.
Further
key findings from the report suggest:
•
The global demand for PD pumps market was USD 2.8 billion in 2016. The market
is expected to grow at a CAGR of around 4.4% from 2017 to 2025 and record a
total revenue of over USD 4.2 billion by 2025.
•
Reciprocating pumps was the biggest segment in the market accounting for 70% of
the total revenue in 2016
•
Oil and gas was the largest application segment with a revenue of over USD 1
billion by 2025, growing at a CAGR of 4.6%
•
APAC is expected to be the largest regional market with a projected CAGR of
5.5% over the forecast period
•
The industry is dominated by a few multinational corporations such as
Flowserve, ITT, KSB, and Grundfos. Companies are moving toward strategic
mergers and acquisitions to increase their international presence and gain a
significant share
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Table
of Contents
Chapter 1 Methodology and Scope
1.1
Research Methodology
1.2
Research scope and assumptions
Chapter 2 Executive Summary
2.1
Positive displacement (PD) market - Industry snapshot
Chapter 3 Positive Displacement (PD) Market
Variables, Trends and Scope
3.1
Market segmentation
3.2
Market size and growth prospects, 2014 - 2025
3.3
Value chain analysis
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