Global Positive Displacement Pumps (PDP) Market

Global Positive Displacement Pumps (PDP) Market Size, Share, Growth Analysis, By Type(Reciprocating Pumps, Rotary Pumps), By End User(Water treatment, Oil & Gas) - Industry Forecast 2024-2031


Report ID: SQMIG10D2024 | Region: Global | Published Date: February, 2024
Pages: 271 | Tables: 68 | Figures: 75

Global Positive Displacement Pumps (PDP) Market Dynamics

Positive Displacement Pumps (PDP) Market Driver

  • Rising energy demand and quickly expanding mining operations are expected to increase product demand.

Due to its great operational efficiency and seldom maintenance requirements, positive displacement pumps are widely used across a range of industry sectors. Due to their capacity to reduce abrasive wear & tear of its components by operating at slow speeds, these are also widely employed in numerous mining activities all over the world. A PDP is installed for mine dewatering and pumping fluids with solid content, and it also provides significant energy savings through high efficiency operation. These units are being adopted in power generation facilities due to their affordable operations, variable pressure output, dependable operations, and optimal displacement design, among other things.

  • An increase in the number of chemical production and processing facilities will accelerate market expansion.

With continued investments in new chemical facilities, industrial infrastructures are rapidly developing throughout a number of locations in order to support the PDP market. The units provide high pressure, simple pumping operations for medium to extremely high viscosity fluids. Additionally, these items assist in handling caustic substances including liquid meals, brines, and acids as well as pushing fluids with low vapor pressures.

Positive Displacement Pumps (PDP) Market Restraint 

  • In a positive displacement pump, the movement of the pistons frequently causes pulsations between the body's input and outflow ports. If these violent pulsations are not addressed, they could cause serious harm to systems close by. An oscillating PDP unit needs a pulsation dampener to treat the oscillations and reduce dangers to other equipment. Since the items do not control the fluid's pressure, they also need pressure relief or safety valves and numerous other wear-and-tear protection components. Because PD pumps use complicated mass balance to address vibration problems, they are also vulnerable to high speeds.
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FAQs

Positive Displacement Pumps (PDP) Market size was valued at USD 12.67 billion in 2019 and is poised to grow from USD 13.22 billion in 2023 to USD 21 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

In order to strengthen the market positions globally, various companies in the market for positive displacement pumps are increasingly taking part in organic and inorganic advancements. In order to broaden the usability of their products across a wider range of industrial verticals, the companies are also broadening their product portfolios by developing high power and more efficient pump units. For instance, the Novados double-acting, double-diaphragm (DADD) pumps were manufactured by the Bran+Luebbe brand under SPX Flow, its parent company, for use in chemical injection processes. The new equipment will handle hazardous chemicals precisely and safely for offshore oil and gas installations while also being lower in weight and having a compact design. 'GRUNDFOS (Denmark)', 'Flowserve Corporation', 'KSB SE & Co. KGaA', 'Xylem Inc.', 'Sulzer Ltd', 'The Weir Group PLC ', 'Alfa Laval AB', 'Dover Corporation', 'SPX FLOW Inc.', 'Colfax Corporation', 'IDEX Corporation', 'Gardner Denver Holdings, Inc.', 'Verder International B.V.', 'ITT Inc.', 'Watson-Marlow Fluid Technology Group', 'PSG Dover', 'Netzsch Pumps & Systems', 'Viking Pump, Inc.', 'PCM Group', 'Lewa GmbH'

Rising energy demand and quickly expanding mining operations are expected to increase product demand.

To reduce the risk of component failure, several industry participants are eagerly focusing more on offering end-to-end pump monitoring. Sensors, Wi-Fi, data analytics, modern variable frequency drives, and the Industrial Internet of Things (IoT) are installed to give low-cost solutions for monitoring temperature, vibration, flow rate, and fluid movement. Additionally, these cutting-edge solutions greatly facilitate predictive analysis, accurately assess the equipment's life cycle and performance indicators, and protect the facility from unscheduled downtime.

Asia Pacific held the largest Global Positive Displacement Pumps (PDP) market share. The regional industry environment is projected to advance as hydrocarbon production increases to meet the world's rising energy demand. India, China, Australia, Japan, and other Southeast Asian nations are major participants in the region.

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Global Positive Displacement Pumps (PDP) Market

Product ID: SQMIG10D2024

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