PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290502
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290502
Global Membrane Pump Market is valued approximately at USD 3.62 billion in 2022 and is anticipated to grow with a growth rate of more than 4.8% over the forecast period 2023-2030. Membrane Pump is an electrical device with positive displacement that transfers fluid into and out of a pump chamber. It is most recognized for its ability to lift objects via suction. The chamber and membrane diameters dictate the pressure and flow rates that the pump adjusts. The diaphragm expands, lowering the pressure and enabling the fluid to be poured in. They are also used to provide pressure for cleaning and spraying in automobiles, aviation, and the pharmaceutical sector. Increased demand from end-user industries including oil and gas, water and wastewater, chemicals and petrochemicals and food and beverages is propelling the membrane pump market. Additionally, it is anticipated that exploration and production activities would move offshore as oil and gas demand rises, oil prices stabilize and the number of onshore and offshore fields ages, leading to an increase in offshore ultra-deep-water projects. As a result, the membrane pump market is anticipated to expand throughout the projected period. In addition, a combination of 3D printing technology and computer modelling has produced cutting-edge improvements in pump design, upkeep, and replacement that powers the global membrane pump market.
The amount of wastewater generated and its overall pollutant load are continually rising due to the global increase in water demand. In terms of the total population of the nation as of 2021, China has an urban population percentage of about 64.72%. Urban wastewater treatment facilities are essential for properly handling the waste. Additionally, high-income countries treated 74% of the industrial and municipal wastewater they produced in 2020, compared to 43% in upper-middle-income countries and about 26% in lower-middle-income countries, according to the United Nations University Institute of Water, Environment, and Health. The need for water treatment facilities and, consequently, the use of membrane pumps in water treatment facilities are predicted to rise in emerging nations due to rising environmental concerns and a growing water deficit. Additionally, rising investment in pharmaceutical industry and the need for effective treatment solutions is expected to be an opportunity for market However, problems associated with pulsation and technical improvements in alternative pumps stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Membrane Pump Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with the largest market share owing to the population rise, which is also fueling industrial growth. The market for diaphragm pumps is expanding as a result of the region's persistent expansion in the manufacturing and industrial sectors. The International Monetary Fund (IMF) forecasts that the region's GDP would expand from 6.5% in FY 2021 to 5.7% in FY2022. The key industries using diaphragm pumps in this area are mining, oil & gas, pharmaceuticals, chemicals, water & wastewater treatment, and power generation. Europe is expected to fastest growing during the forecast period, Because of high demand from the chemical, petrochemical, food, and beverage industries. Technological breakthroughs, such as the use of 3D printing technology and computer modelling, have resulted in cutting-edge improvements in pump design, maintenance, and replacement, which drives the diaphragm pump industry and provides opportunities for market expansion in this area.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures are dummy in nature, final lists may vary in the final deliverable