Market Research Report
Rotary Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||916373|
|Published||Content info||107 Pages
Delivery time: 2-3 business days
|Rotary Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: October 20, 2019||Content info: 107 Pages||
The global rotary pump market was worth US$ 4.8 Billion in 2018. A rotary pump is used for moving a defined volume of high viscosity liquids such as oils and chemicals. Pumping chamber, casing, endplates, seal chamber, relief valves and rotating assembly are some of the main components of rotary pumps. They are designed with small clearances to minimize leakage from the discharge and operate at a relatively low speed so as to maintain these clearances. They also have a self-priming property that allows pumping liquids and gases without any loss of suction. Nowadays, manufacturers are developing rotary pumps with advanced features that enable the transportation of harmful chemicals without damaging the environment.
Rotary pumps are gaining traction across the globe owing to their ability to handle high differential pressure, high-viscosity performance and compact design. As a result of these characteristics, they find applications in numerous industry verticals ranging from chemical industry to pharmaceutical manufacturing, biotechnology applications, marine industry applications, etc. Besides this, with the increasing penetration of the Internet of Things (IoT), pump manufacturers are introducing highly efficient and cost-effective rotary pumps integrated with next generation connected technologies that can automate various processes. Apart from this, the leading rotary pump companies are focusing on mergers and acquisitions (M&A) to diversify their product portfolio and expand geographic reach by gaining an edge over their competitors. For instance, Dover Corporation has acquired All-Flo, a manufacturer of specialty air-operated double-diaphragm (AODD) pumps, which is now a part of the Pump Solutions Group (PSG) unit within Dover's Fluids segment. According to IMARC Group, the market is further projected to reach a value of US$ 5.8 Billion by 2024, growing at a CAGR of around 3% during 2019-2024.
Historical, Current and Future Market Trends
The report has also analysed the competitive landscape of the market with some of the key players being Dover Corporation, SPX Flow, Xylem Inc., Colfax Corporation, IDEX Corporation, Busch Systems, Gardner Denver Holdings, Atlas Copco, Pfeiffer Vacuum Technology, ULVAC, etc.