Global Value of Rotary Pumps Market Is Estimated To Be Worth over USD 6.7 Billion In 2022
The market
for rotary pumps is anticipated to grow at a CAGR of 5.3 percent from 2022 to
2032, reaching a value of USD 11.2 billion.
Rotary pumps
have long been in high demand due to their ability to pump gases and liquids
without experiencing any head loss. As a result, these pumps are the top option
for industries looking for affordable, sustainable pumps. As stated in the
scenario above, the global
rotary pump market has expanded at a rate of 1.4X over the past
five years.
The need for
a pump that can operate effectively at high differential pressure and pump
high-viscosity fluids in compact designs started to increase with the
development of industrial operations. As a result, there is a growing demand
for low-cost rotary pumps, which is anticipated to increase manufacturers'
profits over the next ten years.
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The Internet
of Things (IoT) and Industry 4.0 are two advanced technologies that are rapidly
gaining traction in the field of industrial automation.
The
development of high-efficiency, low-cost pumps is a goal for pump manufacturers
as they seek to capitalise on the expanding significance of cutting-edge
technology in the industrial sectors.
A UK-based
company that specialises in water treatment, Pentair plc, recently unveiled
energy-efficient pool pumps that are connected to cutting-edge connected
technologies that could automate tasks like heating, filtering, moving, and
sterilising pool water.
In order to
take advantage of the rotary pumps' cost-effective features and boost
profitable sales in India, China, and other high-potential regions, players in
the rotary pump market are moving production facilities to Asia, where labour
costs are lower.
The most
lucrative markets for rotary pumps are China and India, and it is expected that
they will continue to rule this market, which currently makes up 23% of the
overall market share.
|
Report Attributes |
Details |
|
Base Year
Value (2021A) |
USD 6.4
Billion |
|
Estimated
Year Value (2022E) |
USD 6.7
Billion |
|
Projected
Year Value (2032F) |
USD 11.2
Billion |
|
Global
Growth Rate (2022-2032) |
5.3% |
Key Takeaways:
·
By 2032, East Asia's demand for rotary pumps
will increase at a CAGR of 5.8%.
·
Industrial segment will account for about 51% of
the market's overall valuation by application.
·
In 2022, the global market for rotary pumps will
account for 9% of the market for industrial pumps worldwide.
·
Participants in the rotary pump market will be
encouraged to expand into developing nations as a result of rising
industrialization trends in emerging economies, which will offer more alluring
opportunities.
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Competitive
Landscape
The global
rotary pump market is extremely fragmented and competitive due to the large
number of local and regional players. Key players employ a range of marketing
strategies, such as partnerships, expansions, mergers and acquisitions, and
collaborations.
Leading
companies also use the development of new products as a tactical means of
enhancing their consumer market presence. These efforts have led to the use of
sophisticated rotary pumps.
For instance,
·
In order to advance its core technologies and
consider future markets, Gardner Denver Holdings Inc., a significant supplier
of flow control and compression equipment, recently acquired DV Systems, a
Canadian manufacturer of compressed air systems. Earlier this year, the
business paid about USD 93 million to acquire Runtech Systems, a significant
player in the pulp and paper sector.
Key Companies Profiled by Fact.MR are:
- Xylem Inc.
- Flowserve Corporation
- KSB SE & Co. KGaA
- HMS Group
- Pentair Ltd.
- SPX Flow
- Dover Corporation
- Alfa Laval
- Gardner Denver Inc.
- IDEX Corporation
- ITT Inc.
- Roper Technologies Inc.
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Global Rotary Pumps Market by Category
- By
Product Type :
- Gear
- Vane
- Screw
- Lobe
- Progressive Cavity Pumps
- Piston
- Peristaltic
- By
Capacity :
- Small (Up to 500 gpm)
- Medium (500-1,000 gpm)
- High (More than 1,000 gpm)
- By
End-Use Application :
- Oil, Gas & Refining
- Oil & Gas Onshore
- Oil & Gas Offshore
- Oil Refining
- Chemical
- Chemicals-Basic
- Chemicals-Downstream
- Water & Wastewater
- Industrial
- Municipal
- General Industry
- Pulp & Paper
- Metal Manufacturing
- Food & Beverage
- Pharmaceuticals
- Shipbuilding
- Mining
- Harbor, Docks&
Canals
- Building Services
- Construction Dewatering
- Domestic/Residential
Building
- Power Generation
- Power-Coal Oil
- Power-Combined Cycle Gas
- Power-Hydroelectric
- Power-Nuclear
* This article was originally published here
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