Global Positive Displacement Pumps Market is anticipated to depict a CAGR of 3.7% through 2027, having recorded a valuation of USD 15.7 billion in 2020. By 2027, the market is expected to hit a remuneration of USD 20.3 billion.
Positive Displacement (PD) pumps are anticipated to experience massive demand from the oil & gas industry across the globe. Continuous technological advents in drilling and hydraulic fracturing technologies are impelling oil & gas companies to reach new and remote oil & gas reserves.
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With flourishing chemical, pulp & paper, and oil & gas industries in the emerging nations, the positive displacement pumps market is slated to undergo positive business development in coming years. PD pumps are increasingly witnessing immense demand from applications that require the handling of highly viscous fluids. This trend would be most notably outlining the industry’s revenue growth curve.
There has been a constant budding demand for these pumps for wastewater management and treatment among end-user industries like refineries, pharma, chemical, and pulp & paper. Rapidly expanding industries and population levels across a number of emerging economies in Asia as well as Africa, have created a highly conducive market environment
Talking about end-user industries, water treatment facilities are witnessing massive demand around the world. Stringent rules imposed by the government agencies for recycling and reusing the water in face of the ever-growing issue of water scarcity will impel the market growth. With water shortages troubling the world, water scarcity is a major threat the society is facing today, making it one of the UN’s primary millennium development goals.
Water treatment presents a sustainable short-term and long-term solution to water scarcity, possessing the potential to drastically decrease a nation’s waste production, while giving it the ability to generate energy from methane harvesting, and also create natural fertilizer from the waste collected in the process. As per the report, water treatment sector will register more than USD 2.4 billion in revenue by 2027.
As a result, there has been a notable rise in oil and gas exploration activities across Europe and North America. In fact, in the United States alone, around 90% of oil and gas wells experience hydraulic fracturing to improve production flow rates.
Europe is a settled market, boasting about the presence of a number of prominent end-user industries. As a result, the positive displacement pumps market in Europe is expected to show lucrative growth in the estimated timeframe.
A lion’s share of this regional growth can be attributed to the increasing number of water treatment facilities being developed across the region. Additionally, increasing number of oil & gas exploration activities will also accelerate the market expansion. Europe registered around 20% of the revenue share in 2020 with the aforementioned activities playing a major role in future growth.
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Some Point from Table of Contents:
Chapter 4 Positive Displacement Pumps Market, Type
4.1 Global Positive Displacement Pumps Market Type insights
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast by region, 2017 – 2027
22.214.171.124 Market estimates and forecast, 2017 – 2027
126.96.36.199 Market estimates and forecast by region, 2017 – 2027
188.8.131.52 Market estimates and forecast, 2017 – 2027
184.108.40.206 Market estimates and forecast by region, 2017 – 2027
220.127.116.11 Market estimates and forecast, 2017 – 2027
18.104.22.168 Market estimates and forecast by region, 2017 – 2027
22.214.171.124 Positive Displacement Pumps Market estimates and forecast, 2017 – 2027
126.96.36.199 Market estimates and forecast by region, 2017 – 2027
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast by region, 2017 – 2027
188.8.131.52 Market estimates and forecast, 2017 – 2027
184.108.40.206 Market estimates and forecast by region, 2017 – 2027
220.127.116.11 Market estimates and forecast, 2017 – 2027
18.104.22.168 Market estimates and forecast by region, 2017 – 2027
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