The diaphragm pumps market is set to grow from US$ 4,177.5 Mn to US$ 6,706.2 Mn at a compounded annual growth rate of 5.4% from 2018 to 2026. Diaphragm pumps are employed for pumping fluids by reciprocating the motion of diaphragm. Rampant growth in industrial sector and increasing production in food and beverage industry drive the diaphragm pumps market growth.
Market Synopsis
"Increased pumping efficiency and leak free fluid transfer drive the double acting pumps market"
Double acting diaphragm pumps are holding the largest market share in the operations segment for diaphragm pumps market. Increased pumping efficiency and leak free fluid transfer are the key attributes that favor the outstanding growth of double acting pumps 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.
"Low maintenance cost and capability in transferring wide varieties of fluids drive the air operated diaphragm pumps market"
Air operated pumps are presently leading the operation segment for diaphragm pumps market. Inherent capability in transferring wide variety fluids and low maintenance cost drive the air operated diaphragm pumps market. They employ compressed air in the transfer of highly viscous fluids, sludge and abrasive materials generated by petrochemical and pharmaceutical industries. Electrically operated diaphragm pumps employ electric motor in the transfer of fluids which require low pulsation and smooth flow. They are extensively employed in the food and beverage industry.
"Increasing consumption of fossil fuel and significant growth in refineries worldwide drive the petrochemicals market growth"
Petrochemicals are presently reigning the end-user segment for global diaphragm pumps market. Significant growth in refineries and increasing consumption of fossil fuel worldwide drive the petrochemicals market growth. Pharmaceutical segment is exhibiting significant growth owing to rising prevalence of chronic disease 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 depletion in fresh water reserves at an alarming rate.
"Increasing offshore petrochemical activities and significant rise in economic growth associated with industrialization drive the diaphragm pumps market growth in Asia Pacific region"
In the present scenario Asia Pacific is leading the regional segment for global diaphragm pumps market. The key attributes contributing towards its prominent growth are increasing discovery and ongoing offshore petrochemical activites and significant rise in economic growth associated with industrial segment drive the diaphragm pumps market growth in Asia Pacific region. Europe is the second largest market on account of its developed petrochemical and pharmaceutical segment and increasing product demand associated with food and beverage industries. Middle East and Africa will be the fastest growing segment owing to the presence of world’s largest reserve of petrochemicals, refineries and proactive government policies in promoting infrastructure to attract tourist worldwide as its holiday destination.
Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Diaphragm pumps market segmentation is as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Million |
| Segmentation |
By Operation (2016–2026; US$ Mn)
• Single Acting
• Double Acting
|
|
By Mechanism (2016–2026; US$ Mn)
• Air Operated
• Electrically Operated
|
|
By End-User (2016–2026; US$ Mn)
• Wastewater Management
• Petrochemical
• Pharmaceutical
• Food & Beverages
• Others
|
|
Geography Segment (2016–2026; US$ Mn)
• North America (United States and Canada)
• Europe (U.K., Germany, Rest of Europe)
• Asia Pacific (China, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (GCC, Rest of MEA)
|
Prominent players competing in the diaphragm pumps 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 answered in this report
- Which key players are manufacturing diaphragm pumps?
- What will be the market assessment and latest trends prevailing in the diaphragm pumps market?
- What are the key attributes favoring double acting diaphragm pumps market growth?
- 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 Asia Pacific region?
