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Positive Displacement Pumps Market 2020 | Future Growth Trends, Size, Share, Business Development, Competitors Strategy, And Global Industry Analysis By Top Key Vendors Till 2028

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Omkar Ranade
Positive Displacement Pumps Market 2020 | Future Growth Trends, Size, Share, Business Development, Competitors Strategy, And Global Industry Analysis By Top Key Vendors Till 2028

The global positive displacement pumps market size is expected to reach USD 4.82 billion by 2028 and register a revenue CAGR of 4.7%, according to the latest report by Reports and Data. Increasing exploration and production activities in oil and gas sector and need to enhance oil recovery procedures are key factors driving demand for positive displacement pumps, and this expected to continue to boost market revenue growth over the forecast period. Positive displacement pumps are vital components in the oil & gas sector and are often deployed in tri-phase or multi-phase pumping applications.

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Increasing oil and natural gas exploration activities, especially in North America, is expected to drive demand for positive displacement pumps over the forecast period. Positive displacement pumps, which transfer a specific volume of fluid for each operation cycle, can be segregated into two main classes; reciprocating and rotary.

Regional Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Norway
    • Italy
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • Israel
    • Rest of MEA

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Some Major Players of this market : 

Schlumberger Ltd., HERMETIC-Pumpen, Pentair, Baker Hughes, Flowserve, Grundfos, AR North America, KSB, and Sulzer, among others.

For the purpose of this report, Reports and Data has segmented the global positive displacement pumps market based on product, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018-2028)

  • Reciprocating
  • Rotary

End-use Outlook (Revenue, USD Billion; 2018-2028)

  • Oil & Gas
  • Chemical
  • Water Treatment
  • Pharmaceutical
  • Food & Beverages

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Positive displacement pumps can efficiently remove air present along the lines of fluid and this has boosted its adoption in the food and beverages industry. Additionally, increasing demand for commercial and industrial positive displacement pumps from power, pharmaceuticals, and chemicals industries is expected to further drive market growth going ahead.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/positive-displacement-pumps-market

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