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Positive Displacement Pumps (PDP) Market size was valued at USD 12.67 billion in 2021 and is poised to grow from USD 13.22 billion in 2022 to USD 21 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).

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