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The oil and gas segment accounted for USD 2.89 billion in 2018 and showed a gradual increase during the forecast period. Despite the recent challenges faced by the oil and gas industry due to fluctuating crude oil and natural gas prices, the sector's gradual recovery is leading to increased investments in new projects. Positive displacement pumps are indispensable in upstream oil and gas applications, such as drilling fluid circulation, hydraulic fracturing, deep-sea pumping, and cementing operations. Furthermore, they are also utilized in midstream transportation and downstream refineries. The Global PDP market is expected to grow steadily, driven by the increasing demand for these pumps in various industries. Companies in the sector are focusing on innovation and technology to improve the efficiency and performance of positive displacement pumps. Some of the key players in the market include Chemical processing plants, Wastewater treatment facilities, Dairy Processing companies, and Hydrocarbon asset owners.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In Asia Pacific (APAC), the significant presence of oil-consuming and industrial countries, as well as the world's largest automotive manufacturing hub, positions this region as a major contributor to the global positive displacement pumps market. The region's diverse economy, consisting of both developed and developing countries, results in varying demand for these pumps across different nations. The oil and gas sector in APAC is witnessing expansion, leading to anticipated investments in the region during the forecast period. These investments are projected to generate demand for positive displacement pumps, particularly in the energy generation sector, including shale gas reserves and refinery capacities. Furthermore, the increasing adoption of Industrial Internet of Things (IIoT) technology in APAC's industrial sector is expected to further boost the demand for these pumps. Positive displacement pumps, such as peristaltic pumps, play a crucial role in moving fluids efficiently and reliably, making them indispensable in various industries, including oil and gas, chemical, and industrial manufacturing.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Developments in water and wastewater industry is notably driving market growth. The global need for clean water continues to escalate due to population growth and increasing demands for domestic, commercial, and industrial uses. This requirement is driving significant investments in the enhancement and establishment of water treatment facilities worldwide. These investments are anticipated to generate new prospects for the expansion of the Positive Displacement Pumps market. The demand for clean water has been steadily increasing over the past few decades, particularly in developing countries, where urbanization and economic growth are leading to increased investments in new water treatment infrastructure.
Further, positive Displacement Pumps are essential components in various industries, including Chemical Processing Plants, Wastewater Treatment, Oil and Gas, and Hydraulic Systems, due to their ability to handle high-viscosity fluids effectively. As a result, the Positive Displacement Pumps market is poised for substantial growth. Key industries such as Oil and Gas, Chemical Processing, and Wastewater Treatment are significant contributors to the Positive Displacement Pumps market. These industries rely heavily on Positive Displacement Pumps for transferring crude oil, processing chemicals, and treating wastewater, respectively. Thus, such factors are driving the growth of the market during the forecast period.
Rising demand for pump repair and remanufacture from high-performance applications is the key trend in the market. In the realm of large-scale and critical applications, such as offshore oil and gas exploration, chemical processing, and petrochemicals, the cost of investing in pumping systems can be substantial. Given the high financial stakes, many end-users prefer to repair or remanufacture worn-out or degraded components instead of opting for costly replacements. In industries with corrosive and harsh environments, material deposition technologies, including plasma arc welding and laser cladding, are commonly used for the repair and renovation of mechanical components. These techniques, classified as material processing and coating methods, play a pivotal role in restoring the functionality and durability of pumps and pumping systems. High-pressure output pumps, a crucial component in various industries, are subjected to the rigors of handling high-viscosity fluids, making them prone to wear and tear.
Smart pump technologies, such as precision fluid handling systems, are increasingly being adopted to mitigate the challenges posed by these applications. These advanced technologies offer enhanced efficiency, reliability, and reduced maintenance costs. The oil and gas sector, with its vast oil reserves, is a significant consumer of high-pressure pumps. The demand for these pumps is driven by the need to transport crude oil from remote locations to refineries and processing facilities. The use of smart pump technologies in this sector is expected to increase, given the benefits they offer in terms of improved efficiency, reduced downtime, and extended component life. Thus, such trends will shape the growth of the market during the forecast period.
Volatility in raw material prices is the major challenge that affects the growth of the market. Positive displacement pumps, including rotary and reciprocating types, play a crucial role in chemical dosing and handling viscous fluids in various industries. Infrastructure development and the pursuit of energy efficiency have driven the demand for these pumps. However, the market faces challenges due to the price volatility of raw materials, such as cast iron, bronze, stainless steel, aluminum, and copper. This can hinder the adoption of positive displacement pumps in price-sensitive regions.
Moreover, the recent instability in raw material prices is due to increased taxes, duties, and tariffs, as well as production disruptions in metal ore-producing countries. These factors can disrupt the entire supply chain, increasing the cost of the final product. To mitigate these challenges, market participants must stay informed of raw material price trends and seek alternative materials or suppliers. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alfa Laval AB: The company offers positive displacement pumps namely ALP three-screw pumps.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Positive displacement pumps (PDPs) play a vital role in various industries, including chemical processing plants and wastewater treatment, where handling high-viscosity fluids is a common requirement. PDPs, such as rotary pumps and reciprocating pumps, are widely used in hydraulic systems and oil and gas industries for crude oil transfer, chemical dosing, and fluid handling. Infrastructure development and energy efficiency are key drivers for the global PDP market. PDPs are essential for handling high-pressure output fluids in chemical manufacturing processes, particularly in industries like personal care, dairy processing, and food and beverage. The oil and gas sector relies heavily on PDPs for fluid transfer in hydrocarbon assets, power generation, and shale gas reserves. Smart pump technologies, including IoT-enabled pump monitoring systems, have gained significant traction in industrial operations to ensure energy efficiency and minimize waste. PDPs are also crucial in wastewater treatment to prevent contamination and maintain water quality. Mining activities and energy demand further expand the application scope of PDPs. PDPs are indispensable in handling high-viscosity fluids, making them an integral part of various industries, including oil and gas, power generation, and chemical processing. Precision fluid handling and pulsation dampeners are essential features that enhance the performance and reliability of PDPs. Peristaltic pumps are another type of PDPs gaining popularity due to their flexibility and ability to handle a wide range of fluids.
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
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Market growth 2024-2028 |
USD 3.23 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.8 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 49% |
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Key countries |
China, US, Germany, Japan, and Russia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alfa Laval AB, Ampco Pumps Co., Bailey International LLC, Borger GmbH, Bosch Rexroth AG, Cat Pumps, CIRCOR International Inc., Dover Corp., Flowserve Corp., Grundfos Holding AS, HYDAC International GmbH, IDEX Corp., ITT Inc., NOV Inc., Parker Hannifin Corp., Pentair Plc, SPX FLOW Inc., Sulzer Ltd., The Weir Group Plc, and Xylem Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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The positive displacement pumps market size is forecast to increase by USD 3.23 billion, at a CAGR of 5.1% between 2023 and 2028. The positive displacement pumps market is experiencing significant growth, driven by the chemical industry's increasing demand for high-pressure output and precise fluid handling. Smart pump technologies, which include advanced monitoring and diagnostics, are gaining popularity in high-viscosity fluid transfer applications. The oil reserves exploration and production sector also contribute to market growth due to the need for reliable and efficient pumping systems. However, market trends are influenced by the volatility in raw material prices, which can impact the cost of manufacturing and ultimately, the price of pumps. The market analysis report highlights these factors and more, providing insights into the positive displacement pumps market's future growth prospects.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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