Market Size of Europe Positive Displacement Pumps Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Positive Displacement Pumps Market Analysis
The Europe Positive Displacement Pumps Market is expected to register a CAGR of 4.1% during the forecast period (2022 - 2027). Positive displacement pumps are rising in demand due to the increasing demand for crude oil brought on by the industrialization and growth of the population. Further, to increase their operations' dependability, sustainability, and profitability, several water-dependent industries, including marine and textile, are progressively building water treatment systems in the region that employ PMPs.
- Positive displacement pumps push fluids forward by trapping and moving them along a casing instead of throwing them as in centrifugal pumps. Therefore, positive displacement pumps does not increase the fluid's pressure unless there is a resistance in the fluid's way downstream of the pump.
- Unlike centrifugal pumps, which can generate only a limited head rise, in positive displacement pumps, the pressure increase depends on the pump's downstream condition. As a result, these pumps can generate large pressure differences and are suitable for high-pressure applications.
- Positive Displacement Pumps are employed in the upstream phase of an oil refinery. They are compact units, which increases the high-pressure ratio, making them among the most efficient types of pumps and a low-cost solution. They are suitable for thick fluids transported at a lower stream rate, but higher pressure and are frequently used in the upstream phase of an oil refinery.
- Due to an upsurge in demand, the oil and gas industry in the region is facing increasing demands for operational flexibility, increased performance, and better efficiency. Screw pumps are now playing a larger role in areas traditionally dominated by centrifugal and reciprocating pumps. Also, several technological advancements like the mixture of hydraulic fracturing and horizontal drilling are boosting the levels of oil production, thus attracting lucrative opportunities for the growth of the studied market.
- However, despite their affordability and efficiency, these pumps require extensive maintenance, partly due to mechanical part failures. They're also noisier than a centrifugal compressor, which could raise issues in certain applications.
