Global Diaphragm Pumps Market is Projected to Reach USD 7.32 Billion by 2025 | Grand View Research Inc.

June 11 07:54 2019
Global Diaphragm Pumps Market is Projected to Reach USD 7.32 Billion by 2025 | Grand View Research Inc.

Grand View Research, Inc. – Market Research and Consulting.
According to report published by Grand View Research, Increasing demand for fresh water as a result of growing population along with rapid industrialization and urbanization has amplified the Diaphragm Pumps market growth in emerging regions.

According to a reportDiaphragm Pump Market Size, Share & Trends Analysis Report By End Use (Oil & Gas, Water & Wastewater), By Mechanism (Electrically Operated, Air Operated), By Operation (Single, Double Acting), And Segment Forecasts, 2018 – 2025” published by Grand View Research, Inc, The global Diaphragm Pumps Market size is anticipated to reach USD 7.32 billion by 2025, according to a new report conducted by Grand View Research, Inc. The market is estimated to witness a CAGR of 5.5% during the forecast period. High demand for fresh water due to growing population and industrialization across the globe is projected to boost the market development over the coming years. Rapid infrastructural development and urbanization along with technological developments are the major reasons behind augmenting the demand for energy fuels resulting in a rise in oil & gas and power sector. This factor is also expected to boost the demand for diaphragm pumps in the years to come.

Key Takeaways from the report:

  • U.S. region is projected to expand at a strong CAGR over the forecast period. The Department of Energy introduced new energy conservation standards for manufacturers
  • Thus, production of highly-efficient pumps is projected to augment the region’s growth in coming years
  • U.K. region is projected to have a strong growth over the forecast period Implementation of stringent governmental policies and demand in wastewater treatment are driving the regional market
  • Electrically operated pump segment is projected to witness lucrative growth in the forecast period
  • High adoption, coupled with low operational costs of electrically operated pumps is projected to drive the market over the forecast period

U.S. diaphragm pump market size, by mechanism, 2014 - 2025 (USD Billion)

 

Browse More Reports in Distribution & Utilities Industry:

Drill Pipe Market – Increasing innovation regarding improving product strength is a major trend in the industry. Industry players are focused on developing new technologies and raw materials for better performance in all type of drilling conditions including onshore and offshore remote oil and gas fields.

Subsea Manifolds Market – Increasing deepwater drilling activities and favorable revised offshore regulations are expected to be a key factor driving market growth.

On the basis of operations, the market is segmented into single acting and double acting diaphragm pumps. In terms of revenue, the double acting diaphragm pump segment was valued at USD 3.82 billion in 2017 and is projected to hold the largest market share over the forecast period. Chemical & petrochemical end use segment witnessed a steady growth in 2017 and is expected to reach USD 1.20 billion over the forecast period. Chemical industry faces greater challenges as fluids, which are to be transferred, have numerous properties and diaphragm pumps have a capability to handle all types of fluids like flammable, volatile, abrasive, and viscous. Thus, the product is anticipated to witness high demand in the chemical & petrochemical industry.

In terms of mechanism, air operated diaphragm pump segment market was valued at USD 3.14 billion in 2017 and is expected to witness robust growth over the period of forecast. Growing adoption of these pumps across diverse applications including chemical, oil & gas, and mining is likely to supplement the segment expansion by 2025. China had the major chunk of the global market share in 2017. The region is expected to witness rapid growth over the next few years on account of its highest population and resultant demand for energy fuel and fresh water estimated.

Global diaphragm pump market share, by end use, 2017 (%)

Grand View Research has segmented the global diaphragm pumps market on the basis of operation, mechanism, end use, and region:

Diaphragm Pumps Operation Outlook (Revenue, USD Billion, 2014 – 2025)

  • Single Acting
  • Double Acting

Diaphragm Pumps Mechanism Outlook (Revenue, USD Billion, 2014 – 2025)

  • Air Operated
  • Electrically Operated

Diaphragm Pumps End Use Outlook (Revenue, USD Billion, 2014 – 2025)

  • Water & Wastewater
  • Oil & Gas
  • Chemical & Petrochemical
  • Pharmaceutical
  • Food & Beverages
  • Others

Diaphragm Pumps Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Middle East and Africa
    • Saudi Arabia
    • UAE
  • Central & South America
    • Brazil
    • Argentina

 

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/diaphragm-pump-market

  Categories: