Market Size of Global Lobe Pumps Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.60 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Lobe Pumps Market Analysis
The Global Lobe Pumps Market is expected to grow by registering a CAGR of about 4.6% during the forecast period. Rapid growth in urban population and industrialization are among the major factors driving the studied market growth.
- Lobe pump technology uses two rotary lobes that rotate, trapping a volume of liquid into a chamber. The pump also has two sets of mechanical seals to maintain. Additionally, lobe pumps must be specifically designed for the application. The pumps typically have a long service life, but maintenance can be complex and time-consuming when they fail.
- The lobe pump is popular across diverse industries owing to its good sanitary qualities, reliability, high efficiency, and corrosion resistance properties. High-frequency usage of lobe pumps in various applications, such as in food applications, and pumping of thick, dense material in the oil & gas industry, has led to an increase in the global sales of lobe pumps.
- Considering the growing demand, the vendors focus on expanding their market presence by innovating new products and establishing an efficient supply chain network. For instance, in March 2021, Packo introduced the ZLC rotary lobe pump. The new ZLC is the ideal process pump for the demanding sterile applications in the biotech, pharmaceutical, and cosmetic industries.
- Other factors that positively impact the growth of the studied market are the ability of lobe pumps to handle larger-sized particles that can be pumped, compared to different types of positive displacement pumps, and it is higher efficiency while pumping very viscous liquids.
- However, these pumps use two sets of mechanical seals and are driven with a motor and gear reducer. The high cost of maintenance and ownership owing to additional equipment and parts required, along with the large footprint required for installations, are some of the major factors challenging the growth of the studied market.
- The global outbreak of COVID-19 has significantly impacted most end-user industries where lobe pumps are used. The restrictions imposed by the governments across various parts of the world significantly reduced the demand, and a majority of enterprises had to either suspend their operations or operate with a limited capacity which led to companies putting a halt on new projects, negatively impacting the growth of the studied market.
