In a positive displacement (PD) pumps, the fluid movement is achieved by mechanical displacement of liquid. The liquid displacement is attained by using the rotation principle. The rotation creates a vacuum, which captures and draws the fluid. These products are more efficient as they naturally remove the air present in the lines along with the fluid. The product is gaining prominence in the food & beverage sector due to its capability to displace air, which results in easy transportation of various density fluids.
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Global Positive Displacement (PD) Pumps Market – Notable Developments
The competitive landscape of the global positive displacement (PD) pumps market is a highly fragmented one. This is due to the growing presence of companies in the global market and also the entry of new players. These companies are projected to concentrate on developing new and innovative products that will cater to the increasing demand from the end user sectors. The companies in the market are also expected to resort to aggressive growth strategies such mergers, takeovers, and join ventures in order to stay ahead of the competitive curve.
- The advent of IoT has completely transformed the global market. Companies in the market are adopting new age technologies to serve their end users and provide more productive services. Recently, Grundfos announced that it is now implementing IoT in its upcoming product lines.
Global Positive Displacement (PD) Pumps Market – Drivers and Restraints
One of the key driving factors for the market growth has been the increasing demand for these positive displacement (PD) pumps from the oil and gas industry. There has been an increasing demand for upgrade and renovate the current facilities across several prominent regions. This is expected to present highly lucrative growth opportunities for the overall development of the global market in the coming years of the forecast period. Improved and advanced activities in the oil and gas sector in terms of extraction and exploration have also lent a helping hand in the overall development of the global marke.t
There are however a few challenges in front of the global positive displacement (PD) pumps market. These challenges will restrain the growth of the market and stop it from reaching its full potential. One of the key restraining factors for the market growth has been the general economic meltdown across the globe. It has had a negative impact on several of the prominent end use industries of the positive displacement (PD) pumps market, which ultimately has led to the slowdown of the development.
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Global Positive Displacement (PD) Pumps Market – Geographical Outlook
The global market for positive displacement (PD) pumps market is segmented into five key regions in order to provide a better understanding of its overall geographical outlook. These regions are Europe, Asia Pacific, North America, Middle East and Africa, and Latin America. Currently, the global market is being dominated by the regional segment of Asia Pacific. The regional segment is expected to continue to lead over the course of the given period of forecast ranging from 2019 to 2027. The growth of the regional market is mainly attributed to the increasing demand for these pumps and their growing applications in wide ranging of industries such as chemical, wastewater, mining, and power among others. Moreover, the demand has been on the rise due to the constant infrastructural development and urbanization.
Another important factor that is helping to drive the growth of the Asia Pacific positive displacement (PD) pumps market is the increasing demand from the emerging economies such as India and China. These nations have high population density and have rapidly developing end user industries such as power and chemicals. Thus, the growth of the regional market is on the rise.
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