Market Size of Positive Displacement Pumps Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.80 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Positive Displacement Pump Market Analysis
The global positive displacement pumps market is expected to record a CAGR of more than 4.8% over the forecast period, 2022-2027. The COVID-19 pandemic has negatively impacted the oil and gas and power generation activities across the world. The decline is caused mainly due to delays in project construction activities and supply chain disruptions, thereby reducing the demand for positive displacement pumps across the world. Factors such as increasing environmental awareness, spiraling costs, shrinking resources, and a large number of water-dependent industries deploying water treatment systems to improve reliability, enhance profitability, and maintain the sustainability of their operations are driving the positive displacement pump market. Moreover, the recovery in the oil and gas industry post the decline period is bolstering the demand for positive displacement pumps due to increased activities, especially in North America. However, rising raw material costs and issues with the maintenance of positive displacement pumps are expected to restrain the market during the forecast period.
- The water and wastewater sector is expected to witness significant market growth, owing to the development of water and wastewater infrastructure, in line with the surging demand for clean water. The demand for pumps from the water and wastewater industry is growing rapidly on account of increasing government concerns. This, in turn, is expected to propel the demand for the positive displacement pumps market during the forecast period.
- Governments in Asia-Pacific have introduced strict policies and regulations regarding wastewater treatment in the municipal and industrial sectors. Operators are required to deploy water treatment units in their facilities to overcome water scarcity challenges. So, wastewater treatment is expected to create ample opportunities for the positive displacement pumps market in the near future.
- North America is expected to be the largest and fastest-growing market during the forecast period due to an increase in industrial activities, particularly in the United States and Canada.
