Global $5.37 Billion Rotary Pump Market, 2023: Analysis by Type, End-user and Region - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 14, 2019--The “Rotary Pump Market - By Type, End User (Power Generation, Oil & Gas, Chemical & Petrochemical, Food & Beverage, Water & Wastewater Management, and Pharmaceutical), and Region - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global rotary pump market was valued at USD 4.51 billion in 2017. This market is expected to reach USD 5.37 billion by the end of 2023, witnessing a CAGR of 2.93% during the forecast period, 2018-2023.
The oil & gas industry has seen a severe downfall in the past. However, it is on the move toward stability, as low levels of production has helped the industry to rebound modestly. The low production had a direct impact on the drilling and oil field services. There was a negative outlook for drilling & oil field services sector throughout 2017.
Focus on Wastewater Management Systems in Developing Economies Expected to Drive Market Growth
Growing awareness in societies about the productive usage of wastewater in irrigation and other applications has created a need for efficient wastewater management systems. On a comparatively smaller scale, wastewater from a city of 10 million households contains enough nutrients to fertilize about 500,000 ha. of farmland, which in turn, may produce 1.5 million metric ton of crops.
Such revelations have created multiple opportunities for the installation of wastewater management systems. The demand for clean, treated water is growing in line with population, economic diversification, and water scarcity. The growing necessity for wastewater management is expected to directly influence the growth of the rotary pump market during the forecast period.
Gear Pumps Expected to Dominate the Market
Gear pumps are favored for transporting hazardous chemicals without causing any damage to the environment. They are also preferred in lubrication applications, such as processing equipment, wind turbines, and hydraulic fracturing trucks.
Gear pumps are also used for hydraulic power applications. This, coupled with the mandate by the government to get one-fifth of the energy consumed by EU in 2020 from renewable energy, is expected to create more opportunities for gear pumps, as compared to vane pumps in the European market.
2. Research Methodology
3. Market Insights
3.1 Market Overview
3.2 Porter’s Five Forces Analysis
3.3 Industry Value Chain Analysis
4. Market Dynamics
4.2 Market Drivers
4.2.1 Focus on Wastewater Management Systems in Most Developing Economies
4.2.2 Focus on Retrofitting of Existing and Energy-efficient Pumps
5. Technology Snapshot
6. Global Rotary Pump Market Segmentation
6.1 North America - Segmentation by Type
6.2 North America - Segmentation by End User
6.3 North America - Segmentation by Region
6.4 Europe - Segmentation by Type
6.5 Europe - Segmentation by End User
6.6 Europe - Segmentation by Region
6.7 Asia-Pacific - Segmentation by Type
6.8 Asia-Pacific - Segmentation by End User
6.9 Asia-Pacific - Segmentation by Region
6.10 Latin America - Segmentation by Type
6.11 Latin America - Segmentation by End User
6.12 Latin America - Segmentation by Region
6.13 Middle East & Africa - Segmentation by Type
6.14 Middle East & Africa - Segmentation by End User
6.15 Middle East & Africa - Segmentation by Region
7. Competitive Intelligence - Company Profiles
7.1 Dover Corporation
7.2 Colfax Corporation
7.3 SPX Flow Inc.
7.4 Xylem Inc.
7.5 IDEX Corporation
7.6 Atlas Copco AB
7.7 Pfeiffer Vacuum Technology AG
7.8 ULVAC Inc.
7.9 Busch Pumps and Systems
7.10 Gardener Denver Holdings Inc.
8. Investment Analysis
9. Future of the Rotary Pump Market
For more information about this report visit https://www.researchandmarkets.com/research/wf3w38/global_5_37?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005332/en/
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INDUSTRY KEYWORD: MANUFACTURING ENGINEERING
SOURCE: Research and Markets
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PUB: 03/14/2019 06:10 AM/DISC: 03/14/2019 06:10 AM