PUBLISHER: Grand View Research | PRODUCT CODE: 1404964
PUBLISHER: Grand View Research | PRODUCT CODE: 1404964
Reciprocating Pumps Market Size, Share & Trends Analysis Report By Type (Piston Pumps, Diaphragm Pumps), By End-use (Agriculture, Power Generation), By Region, And Segment Forecasts, 2024 - 2030
Reciprocating PumpsMarket Growth & Trends:
The global reciprocating pumps market size is anticipated to reach USD 11.7 billion by 2030, exhibiting a CAGR of 5.1% from 2024 - 2030, according to a new report by Grand View Research, Inc. The expansion of industries such as manufacturing, chemicals, and wastewater treatment is fueling the growth of the reciprocating pumps industry. These pumps play an important role in generating high-pressure fluid. These highly pressurized fluids are then further utilized in hydraulic systems and manufacturing operations. Reciprocating pumps are categorized as positive displacement pumps capable of displacing a consistent volume of fluid at elevated pressures.
The reciprocating pumps rely on back-and-forth motion of a piston, plunger, or diaphragm to substantially elevate fluid pressure, facilitating the transfer of fluids from one location to another. In the oil and gas industry, the American Petroleum Institute (API) has set up the standards for various equipment being used, including pumps. API Standard 674 covers standards and guidelines for the positive displacement reciprocating pumps. Furthermore, the Hydraulic Institute, the global authority on pumps and pumping systems, has been providing guidelines & standards regarding the pumps. The ANSI/HI 6.1-6.5 standards cover various aspects of reciprocating power pumps, including their design, operation, and testing.
The market is characterized by intense competition, with most companies continuously increasing their investments in research and development. Moreover, key players follow strategies such as facility expansion, mergers, acquisitions, and introduction of new products in the market. The future market is being shaped by changing demands in end-use industries, such as a growing emphasis on energy efficiency and sustainability. Leading market participants are designing pumps that are more energy-efficient and have a lower carbon footprint. These innovative pumps are equipped with variable frequency drives (VFDs) to enhance pump speed and flow control capabilities.
Reciprocating Pumps Market Report Highlights:
- Based on type, the diaphragm pump segment held the largest revenue share of 57.6% in 2023. A diaphragm pump employs a diaphragm composed of flexible materials such as rubber or plastics to convey fluids instead of rod & piston assembly
- In terms of end-use, the oil & gas segment held the largest revenue share of 24.2% in 2023. Reciprocating pumps are effectively employed in the oil and gas industry for tasks such as upstream exploration and production (ExoPE) of hydrocarbons
- The Asia Pacific region held the largest revenue share of 40.1% in 2023 due to growth in agriculture, chemical & food processing industries. Furthermore, increased government expenditure in water treatment and construction sector is expected to drive the market growth
- The Middle East and Africa region is anticipated to grow at the second fastest CAGR of 5.6% over the forecast period, owing to the rising oil production in the well-developed oil & gas industry
- In August 2023, LEWA GmbH launched new pump sizes for diaphragm metering pumps, which are designed to cater to the needs of the chemical industry, food industry, and oil & gas industry. These new pump sizes can handle flow rates up to 1000 l/h
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Reciprocating Pumps Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Segmentation & Scope
- 3.3. Penetration & Growth Prospect Mapping
- 3.4. Industry Value Chain Analysis
- 3.5. Vendor Matrix
- 3.6. Regulatory Framework
- 3.7. Reciprocating Pumps Market - Market dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Market Opportunity Analysis
- 3.7.4. Market Challenges Analysis
- 3.8. End-Use Analysis Tools: Reciprocating Pumps Market
- 3.8.1. Porter's Analysis
- 3.8.2. Macroeconomic Analysis
- 3.9. Economic Mega Trend Analysis
Chapter 4. Reciprocating Pumps Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2023 & 2030
- 4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2. Piston Pumps
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Diaphragm Pumps
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Plunger Pumps
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Reciprocating Pumps Market: End-use Estimates & Trend Analysis
- 5.1. End-use Movement Analysis & Market Share, 2023 & 2030
- 5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.2. Agriculture
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Construction & Building Services
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Water & Wastewater
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Power Generation
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.6. Oil & Gas
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.7. Chemical
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.8. Others
- 5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Reciprocating Pumps Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.2.2. U.S.
- 6.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.2.3. Canada
- 6.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.2.4. Mexico
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. Germany
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.3. UK
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.4. France
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.5. Italy
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.2. China
- 6.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.3. Japan
- 6.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.4. India
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.4.5. Australia
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.2. Brazil
- 6.5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5.3. Argentina
- 6.5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6.2. UAE
- 6.6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Reciprocating Pumps Market - Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Key Company/Competition Categorization
- 7.3. Participant's Overview
- 7.4. Financial Overview
- 7.5. Product Benchmarking
- 7.6. Company Market Positioning
- 7.7. Competitive Dashboard Analysis
- 7.8. Company Market Share Analysis, 2023
- 7.9. Company Heat Map Analysis
- 7.10. Strategy Mapping
- 7.10.1. Expansions
- 7.10.2. Mergers & acquisitions
- 7.10.3. Partnerships/collaborations
- 7.10.4. Product launches
Chapter 8. Company Profiles
- 8.1. Grundfos
- 8.2. The Weir Group PLC
- 8.3. LEWA GmbH
- 8.4. Ruhrpumpen Group
- 8.5. Fluimac pump solution
- 8.6. Parker
- 8.7. Gardner
- 8.8. Denver Inc.
- 8.9. Alfa Laval
- 8.10. SPX Flow
- 8.11. Flowserve Corporation
- 8.12. IDEX Corporation
- 8.13. Eaton
- 8.14. Xylem Inc.
- 8.15. Atlas Copco AB
- 8.16. Ningbo Hilead Hydraulic Co., Ltd.
List of Tables
- Table 1 Reciprocating Pumps Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- Table 2 Reciprocating Pumps Market estimates and forecasts, by End-use, 2018 - 2030 (USD Billion)
- Table 3 Reciprocating Pumps Market estimates and forecasts, by region, 2018 - 2030 (USD Billion)
- Table 4 Recent developments & impact analysis, by key market participants
- Table 5 US macroeconomic outlook
- Table 6 Canada macroeconomic outlook
- Table 7 Mexico macroeconomic outlook
- Table 8 Germany macroeconomic outlook
- Table 9 UK macroeconomic outlook
- Table 10 France macroeconomic outlook
- Table 11 Italy macroeconomic outlook
- Table 12 China macroeconomic outlook
- Table 13 India macroeconomic outlook
- Table 14 Japan macroeconomic outlook
- Table 15 Australia macroeconomic outlook
- Table 16 Brazil macroeconomic outlook
- Table 17 Argentina macroeconomic outlook
- Table 18 UAE macroeconomic outlook
- Table 19 Saudi Arabia macroeconomic outlook
- Table 20 Company market share, 2023
- Table 21 Company heat map analysis, 2023
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom Up Approach
- Fig. 5 Market Research Approaches - Top Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Insights
- Fig. 10 Market Segmentation & Scope
- Fig. 11 Penetration and Growth Prospect Mapping
- Fig. 12 Industry Value Chain Analysis
- Fig. 13 Market Driver Analysis
- Fig. 14 Market Restraint Analysis
- Fig. 15 Reciprocating Pumps Market: Type Movement Analysis, 2023 & 2030
- Fig. 16 Reciprocating Pumps Market: End-use Movement Analysis, 2023 & 2030
- Fig. 17 Reciprocating Pumps Market: Regional Movement Analysis, 2023 & 2030
- Fig. 18 Key Company/Competition Categorization
- Fig. 19 Competitive Dashboard Analysis
- Fig. 20 Market Position Analysis
