Product ID: SQMIG10D2024
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 Insights
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).
Positive displacement pumps are frequently employed in a wide range of applications across numerous industry sectors. The fluids that are clogged up in the discharge pipe are largely released using them. High pressure and density make them work by moving the fluid inside the discharge pipe. The product's excellent qualities, particularly its operational efficacies, are responsible for its rising popularity. Hydrocarbon extraction uses positive displacement pumps (PDP). The companies competing in the market will benefit from the increase in popularity of hydrocarbons and the significant efforts made to maximize production and extraction of hydrocarbons. In the coming years, the market will expand as a whole thanks to the incorporation of cutting-edge technologies and current concepts into these products.
The global PDP market is projected to expand as a result of quick investments in various hydrocarbon assets to carry out exploration and production (E&P) activities. Additionally, the industry environment is expected to change for the better as a result of the growing number of new chemical processing plants and the developing steps to treat wastewater to remove toxic effluents. Another kind of pump that is employed to move a predetermined volume of fluid into the discharge zone is the positive displacement pump. For efficient integration in diverse industrial processes, these units produce a very high discharge pressure while operating with a high power density.
US Positive Displacement Pumps (PDP) Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Positive Displacement Pumps (PDP) Market Report Snapshots
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