Positive Displacement Pumps Market - Growth, Trends, and Forecasts (2022 - 2027)

The Positive Displacement Pumps Market is expected to register a CAGR of 6.7% during the forecast period (2022-2207). Positive Displacement pumps are commonly used for pumping high viscosity fluids such as oil, paints, resins, or foodstuffs. They are preferred in applications where accurate dosing or high-pressure output is required. Unlike centrifugal pumps, the output of a positive displacement pump is not affected by pressure, so they also tend to be preferred in any situation where the supply is irregular.

Key Highlights

• Positive displacement pumps are vital components in the oil & gas sector and are often deployed in tri-phase or multi-phase pumping applications. The increasing exploration and production activities in the oil and gas sector and the necessity to enhance oil recovery procedures are some of the primary factors driving demand for positive displacement pumps, and this is expected to continue to boost market revenue growth over the forecast period.
• For instance, the U.S. Energy Information Administration's February 2022 Short-Term Energy Outlook (STEO) report forecasts that U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021. It also estimates that crude oil production in the United States will rise by 630,000 b/d in 2023 to an average 12.6 million b/d.
• Further, the Industrial Internet of Things (IIoT) and digital transformation are some of the vital trends affecting manufacturers as end-users continue to emphasize improvements to plant maintenance and a reduced operational expenditure (OPEX). The adoption of efficent technology by manufacturers globally, would offer lucrative opportunities for the prolification of the studied market.
• However, positive displacement pumps are generally more complex and difficult to maintain than centrifugal pumps. They are also incapable of generating the high flow rates characteristic of centrifugal pumps. Further, a pulsing discharge is also a characteristic of positive displacement, especially in reciprocating pump designs. Pulsation can cause noise and vibration in pipe systems and cavitation problems which can ultimately lead to damage or failure.
• Positive displacement pumps are less able to handle low viscosity fluids than centrifugal pumps. To generate suction and reduce slippage and leaks, a rotary pump relies on the seal between its rotating elements and the pump housing. This is considerably reduced with low viscosity fluids. Similarly, it is difficult to prevent slippage from the valves in a reciprocating pump with a low viscosity feed because of the high pressures generated during the pumping action. Such limitations restrain the growth of the studied market.

Key Market Trends

The Food & Beverage Segment is Expected to Hold a Major Market Share

• There are seldom other areas of the process industry that place very high demands on the components of its systems, like the food production industry. Uncompromising hygiene and safe handling are crucial when producing food and beverages. Accordingly, industry-specific know-how and adoption of advanced and innovative solutions become imperative for food and beverage manufacturers to stay competitive.
• To cater to the same, in April 2022, NETZSCH Pumpen & Systeme GmbH, the globally active pump manufacturer, announced that it would be exhibiting its latest positive displacement pump technologies at Anuga FoodTec. The company would exhibit PERIPRO peristaltic pump, the NOTOS screw pump, the TORNADO rotary lobe pump, and the NEMO progressing cavity pump.
• When choosing a pump in food processing facilities, proper care must be taken to select a suitable pump for the movement of a product and the process requirements. Physical damage to the product and the influence of factors such as pressure and shear stress are of significant value. In the instance of pumping large solid items, such as fruit and vegetables, these challenges become even greater.
• Positive displacement pumps contain an expanding cavity on the suction side of the pump and a decreasing cavity on the discharge side. Liquid flows into the pump as the cavity on the suction side expands and is forced out of the discharge side as the cavity collapses.
• In March 2022, HRS Heat Exchangers developed the BP Series of hygienic reciprocating, positive-displacement pumps suitable for a range of difficult-to-handle food products, including whole peppers, strawberries, and baby carrots sauces, dips, fruit purees, and many others. The HRS BP Series piston pump is operated either hydraulically or pneumatically (depending on available air supply pressure) and incorporates a separator fitted between the piston and the hydraulic chamber to ensure no contact between the product chamber and the hydraulic oil (if fitted).

Asia-Pacific Region is Expected to Witness Significant Growth Rate

• According to the Ministry of Ecology and Environment (China), approximately 198.88 million tons of crude oil were produced in China in 2021. Furthermore, According to METI(Japan), In 2021, approximately 490 thousand kiloliters of crude oil were produced in Japan. Positive Displacement pumps frequently work well for pumping oils and other viscous fluids because they provide medium to high pressure. Positive displacement pumps are also incredibly helpful for applications requiring a mix of low flow and high pressure. Such huge oil production in the different regions will enhance the market players to expand their portfolio and capture the market, which will significantly drive the market.
• Sewage is being turned into drinkable water in Singapore. This is made possible by the installation of water treatment facilities across. These serve to minimize pollution in the ocean. There is not much natural water available in this tiny island nation. As a result, it is forced to rely on Malaysia, a neighboring nation, for its water supply. To increase self-reliance in such a case, the government has created a sophisticated system in which sewage is dumped through tunnels and advanced plants. Water treated by processing sewage is used to provide 40% of Singapore's water requirement. The Singapore National Water Agency projects that by 2060, this percentage will reach 55%. Initiatives like this will create an opportunity for the studied market to grow.
• To meet the customers' demands, the local players in the region are developing new products to enhance their market share. For instance, in October 2021, The experience and expertise Hydreco has gained over many years of engineering and manufacturing have led to the development of its new line of gear pumps. Hydreco is well renowned for the efficiency and dependability of its gear pump series. With a wide range of options for flanges, shafts, and ports, the pumps can be supplied as single or multiple units; depending on the application, its features are Displacement ranges from 1 to 31.7 cm3/rev [from 0.06 to 1.93 in3/rev]Pressure, Max continuous 260 bar (3770 psi), Max intermittent 290 bar (4200 psi), Max peak 310 bar (4500 psi).
• Further, industrial infrastructures across several regions are developing rapidly with ongoing investments in new chemical plants to boost the Positive displacement pump market. The devices provide simple pumping operations of medium to extremely high viscosity fluids at high pressures. Additionally, these products assist in handling caustic substances, including liquid meals, brines, and acids, and pushing fluids with low vapor pressures.
• For instance, in August 2021, Sumitomo Chemical announced it is increasing the amount of high-purity chemicals it can produce for semiconductors. The company will set up new production lines to boost the capacity for high-purity ammonia water at its wholly-owned subsidiary Dongwoo Fine-Chem Co.'s facility in Iksan, South Korea, as well as to double the capacity for high-purity sulfuric acid at its location in Ehime, Japan. Commercial production at the increased capacities is anticipated to start in Ehime's first fiscal quarter of 2024 and Iksan'ssecond fiscal quarter of 2023.

Competitive Landscape

The Positive Displacement Pumps Market is a moderatley competitve market with the presence of significant players like Flowserve Corporation, The Weir Group plc, Xylem Inc, etc. The market players are striving to expand their geographic presence beyond regional distribution by working on innovative and high-performance Positive Displacement Pumps. The companies are also providing customization services to cater to custom applications of various end-users.

• June 2021 - PSG, an operating company of Dover Corporation, announced that it had completed the acquisition of Quantex Arc Ltd., a prominent player in single-use precision pumping technology. The Quantex recyclable portfolio of products would enable PSG to expand our single-use application reach across the biopharma, hygienic, food and beverage, and industrial markets.
• March 2021 - IDEX Corporation acquired Abel Pumps, L.P., and certain of its affiliates from Hillenbrand, Inc. ABEL designs and manufactures highly engineered reciprocating positive displacement pumps for various end markets, including mining, marine, power, and water, wastewater, and other general industries. The company's diaphragm and high-pressure piston pumps serve harsh, demanding applications involving abrasive or corrosive substances and fluids with high solids content.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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