Global Diaphragm Pump Market 2016-2020

Overview of the global diaphragm pump market

Market research analysts at Technavio have predicted that the global diaphragm pump market will grow steadily during the predicted period and will post a CAGR of more than 5% by 2020. The availability of low-cost labor and raw material will result in the increased number of companies investing in starting manufacturing plants in India. This will lead to the growth of the manufacturing and process industry which in turn, will lead to the rise in demand for the chemical and petrochemicals industries that include methanol, ethylene, or fertilizer production plants. These production plants have a high requirement for diaphragm pumps in various applications such as for transferring fluids from one process to another. Moreover, the country allows 100% FDI in the sector, which will also aid in the growth of the industry and will increase the demand for diaphragm pumps.

The adoption of 3-D printing by pump manufacturers will be one of the major trends that will gain traction in this market in the coming years. 3-D printing technology has seen significant advances in the recent years and pump manufacturers will soon adopt and implement this technology with digital advances in modeling software. This will allow end-users to go beyond the traditional tooling and casting techniques while manufacturing pump components. Moreover, when paired with a modeling software, the 3-D technology also offers higher precision than conventional methods.

Competitive landscape and key vendors