China and India to Hold 23% of the Overall Rotary Pumps Market Share
Fact.MR's recently published report on the rotary pumps market offers a comprehensive analysis of the leading segments in terms of product type, capacity, end-use application & region. In addition, it provides in-depth information about the market dynamics, including drivers, restraints, latest trends, and growth opportunities
NEW YORK, Feb. 1, 2022 /PRNewswire/ -- The global rotary pumps market is expected to reach USD 11.2 billion by 2032, increasing at a CAGR of 5.3% between 2022 and 2032.
Due to their capacity to pump gases and liquids without experiencing any head loss, rotary pumps have long been in great demand. Because of this, such pumps are the preferred choice of industries searching for sustainable pumps with low overall costs. According to the preceding scenario, the global rotary pump market has grown at a 1.4X rate during the last half-decade.
With the evolution of industrial operations, the demand for a pump that can perform efficiently at high differential pressure and pump high-viscosity fluids in compact designs began to grow. As a result, the market for cost-effective rotary pumps has grown, and it is expected to deliver a revenue boost to its manufacturers during the next ten years.
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The Internet of Things (IoT) and Industry 4.0 are two advanced technologies that are rapidly gaining traction in the field of industrial automation.
Pump manufacturers are looking for ways to develop high-efficiency, low-cost pumps and take advantage of the growing importance of innovative technology in industrial sectors.
Pentair plc, a water treatment firm based in the United Kingdom, recently unveiled energy-efficient pool pumps that are linked with next-generation connected technologies that may automate activities including heating, filtering, moving, and sterilizing pool water.
Players in the rotary pump market are relocating production facilities to Asia, where labour costs are cheaper, in order to capitalize on the cost-effective features of rotary pumps and increase profitable sales in India, China, and other high-potential regions.
China and India are the most profitable markets for rotary pumps, and they are anticipated to maintain their dominance in the area, which presently accounts for 23% of total market share.
Report Attributes | Details |
Base Year Value (2021A) | USD 6.4 Billion |
Estimated Year Value (2022E) | USD 6.7 Billion |
Projected Year Value (2032F) | USD 11.2 Billion |
Global Growth Rate (2022-2032) | 5.3% |
Key Takeaways:
- Demand for rotary pumps in East Asia to grow at a CAGR of 5.8% by 2032.
- By application, industrial segment to generate around 51% of overall market valuation.
- Global rotary pumps market holds ~9% of the global industrial pumps market share in 2022.
- Increased industrialization trends in emerging economies will provide more attractive prospects for rotary pump market participants, prompting them to expand into developing countries.
Growth Drivers:
- The current market valuation will be boosted by the forthcoming trend of significant applications for rotary pumps in the Internet of Things (IoT).
- In most developing countries, increasing access to water and the importance of sanitation is creating numerous opportunities for rotary pump market players.
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Competitive Landscape
As there are so many local and regional players, the worldwide rotary pump market is highly fragmented and competitive. Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading organizations also use new product creation as a strategic way to expand their market presence among consumers. As a result of these efforts, advanced rotary pumps have been implemented.
For instance,
- Gardner Denver Holdings Inc., a major provider of flow control and compression equipment, recently acquired DV Systems, a Canadian compressed air systems maker, in order to expand its core technologies and explore new industries in the future. Earlier this year, the company acquired Runtech Systems, a key participant in the pulp and paper industry, for roughly USD 93 million.
Key Companies Profiled by Fact.MR are:
- Xylem Inc.
- Flowserve Corporation
- KSB SE & Co. KGaA
- HMS Group
- Pentair Ltd.
- SPX Flow
- Dover Corporation
- Alfa Laval
- Gardner Denver Inc.
- IDEX Corporation
- ITT Inc.
- Roper Technologies Inc.
More Valuable Insights on Rotary Pumps Market
Fact.MR provides an unbiased analysis of the rotary pumps market, presenting forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global rotary pumps market with a detailed segmentation on the basis of:
- By Product Type :
- Gear
- Vane
- Screw
- Lobe
- Progressive Cavity Pumps
- Piston
- Peristaltic
- By Capacity :
- Small (Up to 500 gpm)
- Medium (500-1,000 gpm)
- High (More than 1,000 gpm)
- By End-Use Application :
- Oil, Gas & Refining
- Oil & Gas Onshore
- Oil & Gas Offshore
- Oil Refining
- Chemical
- Chemicals-Basic
- Chemicals-Downstream
- Water & Wastewater
- Industrial
- Municipal
- General Industry
- Pulp & Paper
- Metal Manufacturing
- Food & Beverage
- Pharmaceuticals
- Shipbuilding
- Mining
- Harbor, Docks& Canals
- Building Services
- Construction Dewatering
- Domestic/Residential Building
- Power Generation
- Power-Coal Oil
- Power-Combined Cycle Gas
- Power-Hydroelectric
- Power-Nuclear
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Questions Covered in Rotary Pumps Market Report
- The report offers insight into the rotary pumps market demand outlook for 2022-2032.
- The market study also highlights projected sales growth for rotary pumps market between 2022 and 2032.
- Rotary pumps market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
- Rotary pumps market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
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Oil Refining Pumps Market Trends - Rising power demand and a heavy reliance on oil in developing nations has led to the construction of oil refineries, which has boosted sales of oil refining pumps. Oil refining pumps integrated with new technology are expected to gain popularity in oil refineries.
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