From 2018 to 2026, the diaphragm pump market is expected to grow at a compound annual growth rate of 5.4%, from $4,177.5 million to $6,706.2 million. Diaphragm pumps are employed for pumping fluids by reciprocating the diaphragm. Rampant growth in the industrial sector and increasing production in the food and beverage industry drive the diaphragm pump market's growth.
Market Synopsis
Increased pumping efficiency and leak-free fluid transfer drive the double-acting pump market.
Double-acting diaphragm pumps hold the largest market share in the operations segment of the diaphragm pump market. Increased pumping efficiency and leak-free fluid transfer are the key attributes that favor the outstanding growth of the double-acting pump market. Single-acting pumps are still in use and extensively employed in situations where submersible and portable equipment is required. It has the capability to run dry for long hours without causing any damage to valves and pumps.
The market for air-operated diaphragm pumps is driven by low maintenance costs and the ability to transfer a wide range of fluids.
Air-operated pumps are presently leading the operation segment of the diaphragm pump market. The market for air-operated diaphragm pumps is driven by their inherent ability to transfer a wide range of fluids and low maintenance costs. They employ compressed air in the transfer of highly viscous fluids, sludge, and abrasive materials generated by the petrochemical and pharmaceutical industries. Electrically operated diaphragm pumps employ an electric motor in the transfer of fluids that require low pulsation and smooth flow. They are extensively employed in the food and beverage industry.
The petrochemicals market is being driven by rising fossil fuel consumption and significant growth in refineries around the world.
Petrochemicals are presently reigning in the end-user segment for the global diaphragm pump market. Significant growth in refineries and increasing consumption of fossil fuels worldwide drive the petrochemicals market's growth. The pharmaceutical segment is exhibiting significant growth owing to the rising prevalence of chronic diseases and rising public health awareness. Wastewater management will be the fastest-growing segment during the forecast period owing to the increasing dumping of toxic chemicals by industries, causing water pollution and the depletion of freshwater reserves at an alarming rate.
Increasing offshore petrochemical activities, as well as a significant increase in economic growth associated with industrialization, drive the Asia Pacific diaphragm pump market growth.
In the present scenario, Asia Pacific is leading the regional segment for the global diaphragm pump market. The key attributes contributing to its prominent growth—increasing discovery and ongoing offshore petrochemical activities and a significant rise in economic growth associated with the industrial segment—drive the diaphragm pumps market's growth in the Asia Pacific region. Europe is the second-largest market on account of its developed petrochemical and pharmaceutical segments and increasing product demand associated with the food and beverage industries. Because of the presence of the world's largest reserve of petrochemicals and refineries, as well as proactive government policies promoting infrastructure, the Middle East and Africa will be the fastest-growing segments.
Periods of History and Forecast
This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.
Diaphragm pump market segmentation is as follows:
Prominent players competing in the diaphragm pump market are Dover Corporation, Flowserve Corp., Grundfos, Graco, Inc., Idex Corp., LEWA Group, SPX Flow, Inc., Tapflo Group, Xylem, Inc., and Yamada Corp.
Key questions are answered in this report.
Which key players are manufacturing diaphragm pumps?
What will be the market assessment and latest trends prevailing in the diaphragm pump market?
What are the key attributes favoring the market growth of double-acting diaphragm pumps?
What will be the CAGR and market size for electrically operated diaphragm pumps during the forecast period?
Why is petrochemical the largest market in the end-user segment for diaphragm pumps?
Which factors determine the exemplary growth of the Asia-Pacific region?
Frequently Asked Questions:
The market for Diaphragm Pumps Market is expected to reach US$ 6,706.2 Mn By 2026.
The Diaphragm Pumps Market is expected to see significant CAGR growth over the coming years, at 5.4%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Dover Corporation, Flowserve Corp., Grundfos, Graco, Inc., Idex Corp., LEWA Group, SPX Flow, Inc., Tapflo Group, Xylem, Inc., and Yamada Corp are some of the major players in the global market.
