Diaphragm Pumps Market Highlights
The growing energy & power industry to spotlight the global diaphragm pumps, as the market of it, could expand around CAGR of 6.1 % during 2016-2023, reveals Market Research Future in its detailed study. The study also includes that the market would attain maximum valuation during the same period of expansion.
Market Drivers & Trends
The market for diaphragm pump is observing a tremendous growth due to the rise in investments by company titans across the globe, is one of the significant factors driving the market. The key usage of the diaphragm pump to transfer liquids through a combination of reciprocating action and ball valve has also been evolved as a popular factor for the market’s growth over time.
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At the same time, the other key drivers of the diaphragm pumps market are the rising investments in the water & wastewater industry as well as surged demand for double diaphragm pumps in the chemicals industry. The study hence covered that as per the Global Water Intelligence (GWI), the global investments in water infrastructure might reach USD 449 billion from 2018 to 2030 to meet UN’s sustainable development goals for water and sanitation. Such an up-gradation of water infrastructure would require the deployment of pumps for transferring liquids and for dewatering applications. Therefore, these factors are going to influence the market to expand rapidly in the coming years and might bring an array of opportunities on a global level.
On the other side, diaphragm pumps are deployed in municipal and industrial wastewater treatment plants, which is yet another noticeable growth factor of the global diaphragm pump market. As an add on, double diaphragm pumps are being majorly used in the pharmaceutical industry for precise flow measurement. Therefore, the rising investments in the pharmaceutical sector can bring more opportunities in the global diaphragm pumps market.
On the flip side, as per the study, the diaphragm pumps have witnessed some problems regarding pulsation as these pumps have pulsed flow and can cause problems to the piping systems. Therefore, such a factor might restrain the growth of the global diaphragm pumps market during the forecast period.
Global Diaphragm Pumps Industry Segmentation:
The global diaphragm market is broadly categorized by the operation, discharge pressure, mechanism, and end-user.
In terms of operation: Single acting and double acting are the segments.
In terms of mechanism: Air operated and electrically operated are the segments. Among these, the air-operated segment can lead to the market. The air operated diaphragm pumps are fundamentally leak-free as there are only stationary seals between wetted parts and the outside environment.
In terms of discharge pressure: Up to 80 bar, 80-200 bar, and above 200 bar are the segments. Up to 80 bars can occupy the largest share in the global diaphragm pumps market in the coming years.
The diaphragm pumps market, by end-use, includes power generation, food & beverage, oil & gas, chemicals, pharmaceuticals, water & wastewater, and more segments. Among these, the water & wastewater segment can lead the global diaphragm pumps market owing to the increasing use of these pumps for transfer, water sanitation, and dewatering applications, at a world level.
Regional Framework
Diaphragm pumps market, regionally, has been studied among the key regions of North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Among these regions, Asia-Pacific might occupy the largest share during the forecast period owing to the industrialization and mounting investments that are being done in the food & beverage sector in the region. Key countries such as China and India are driving the diaphragm pumps market in Asia-Pacific. Asia-Pacific is anticipated to inflate at the fastest rate during the forecast period in support of investments in the water & wastewater industry in the region.
Market Players
The crucial players of global diaphragm pumps market is listed as Ingersoll Rand (Ireland), Flowserve Corporation (US), IDEX Corporation (US), Leak-Proof Pumps (I) Pvt. Ltd. (India), Yamada Corporation (Japan), Xylem, Inc. (US), SPX Flow (US), Verder International B.V. (The Netherlands), Pump Solutions Group (US), LEWA GmbH (Germany), TAPFLO AB (Sweden), AxFlow Holding AB (Sweden), All-Flo Pump Co. (US), Grundfos Holding A/S (Denmark), and KNF Neuberger (Germany).
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