Market Size of Global Piston Pumps Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.23 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Piston Pumps Market Analysis
Global Piston Pumps market is analyzed to grow at a CAGR of 4.23% during the forecast period 2022-2027. Hydraulic piston pumps can handle huge flows at high hydraulic system pressures. The piston pump is a hydraulic pump with high power density, compact size, and optimal efficiency and dependability. In these pumps, the pistons precisely move back and forth inside the hydraulic pump's cylinders. Superior sealing capabilities of the pistons allow for high pressure operation with little fluid leakage.
- The demand for piston pumps in many manufacturing industries has been spurred by the demand for greater production efficiency. Piston pumps are appropriate for pressure washing, abrasive blasting, bonding, chemical dosing, potting, and paint spraying due to their versatility. The demand for piston pumps has been positively impacted by major businesses implementing management systems like six sigma for increased manufacturing efficiency.
- For instance, Watec was an early adopter of axial piston pump technology in North America. For a private water facility on Lopez Island in the San Juan archipelago in Washington state, company commissioned its first APP pump in 2006. The pump has been operating without any maintenance for more than ten years. The facility currently provides water for a modest community water system that serves a number of nearby residences.
- The market for piston pumps is hampered by high maintenance and operating expenses and the need to for special equipment to produce pulsing flows.
- Piston pump manufacture was stopped because to the COVID-19 pandemic, owing to the lockdown. This has slowed the market expansion for piston pumps in recent months and is projected to do so again in 2022. Sales of piston pumps were impacted by COVID-19 in the second quarter of 2021 as demand fell precipitously as a result of limitations on production activity. Due to a drop in demand, major participants in the industrial sector reduced production.