Rotary Pumps Market In-depth Forecast Study Highlights Growth in CAGR% and Revenue (US$Mn) till 2028
Fact.MR’s latest study on rotary pumps market projects bullish growth for rotary pumps market. The study finds a significant rise in adoption of rotary pumps in a wide range of industrial sectors including oil & gas, water & wastewater, mining, and power generation. On account of widening applications, the rotary pumps market is likely to witness 3.3% in 2018 to exceed US$ 4.4 billion.
The study uncovers the most important factors that may influence growth prospects of the rotary pumps market in short- and long-term. Key micro and macroeconomic parameters elucidated in the report include
- Rapidly changing pumps industry will impel rotary pump manufacturers to introduce more innovative and smarter features of rotary pumps.
- Evolving end-user behavior will demand online assistance and efficient aftermarket services. Customer inclination towards rotary pumps market players that offer ‘one-stop source’ of all the services will influence manufacturers’ imperative strategies.
- Incorporation of technologies will remain one the most important force to drive innovation in the rotary pumps market.
- Stringent regulations on energy efficiency and emission standards across the world will create challenges for manufacturers in the rotary pumps market.
- Increasing industrialization trends in the emerging economies will generate more lucrative opportunities for stakeholders in the rotary pumps market, driving them to make a foray into developing countries.
- Though rotary pumps, especially screw pumps, are more advantageous in oil & gas applications, volatility of oil prices and growth of the industry may hamper growth of the rotary pumps market.
Get Report Sample Copy @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2399
The report sheds light on the most important market dynamics to identify new avenues of growth for players in local as well as international markets for rotary pumps. This can help market players to make well-informed decisions in the coming future.
Small Capacity Rotary Pump Demand to Remain Significantly Higher than that for Medium Capacity Rotary Pumps
The Fact.MR study finds that the sales of rotary pumps with smaller capacities account for around 40% revenue share in the rotary pumps market in 2018. Leading rotary pump manufacturers and suppliers are focusing on identifying the exact requirements of end-user applications of rotary pumps. The specific needs for the capacity of rotary pumps mainly depend on the viscosity of the fluid that needs to be pumped. As rotary pumps are commonly used in applications where highly viscous fluids need to be handled, the demand for rotary pumps with smaller capacities is likely to remain high.
The report predicts that demand for smaller rotary pumps will continue to increase at a significantly higher rate in the upcoming years. Thereby, leading manufacturers in the rotary pumps market are focusing on making rotary pumps with capacities of around 500 gpm (gallons per minute) commercially available to cater to the growing demand.
Rotary Vane Pumps – the Fastest Growing Segment of the Rotary Pumps Market
Despite a variety of rotary pumps being introduced by players in the rotary pumps market, including gear, screw, lobe, and piston rotary pumps, the popularity of rotary vane pumps is outpacing the other types. The Fact.MR study finds around 4% year-over-year increase in the sale of rotary vane pumps in 2018 over 2017, which is the highest growth rate if compared to all the other types of rotary pumps.
Rotary vane pumps exhibit higher energy efficiency than most of the other types of rotary pumps. This remains the important driving force for customers choosing rotary vane pumps amid the imposition of energy-efficiency regulations for pumping applications. Manufacturers in the rotary pumps market are likely to introduce higher mechanical characteristics and further improve the adjustability features of rotary vane pumps to capitalize on growing demand for rotary vane pumps in the coming future.
The Fact.MR research study assesses growth of the rotary pumps market for the forecast period 2018-2028. According to the report, the rotary pumps market is likely to grow at a healthy value CAGR of around 3.9% through 2028.
Growing Preference for Rotary Pumps in Versatile Industrial Application Triggers Market Growth
Rotary pumps are a popular type of positive displacement pumps among end-users from a wide range of industrial sectors, such as water & wastewater, power generation, chemical, and oil & gas. Owing to the extraordinary design benefits, rotary pumps present one of the most versatile pumping solution that can handle high viscosity fluids in a vast range of industrial applications.
Inquire more or Share Questions if any @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=2399
Furthermore, it can pump liquids at high temperatures and liquids with gas or vapor contents more efficiently than any other type of pumps, which further expands the range of applications of rotary pumps. Manufacturers in the rotary pumps market are promoting the unique performance characteristics of rotary pumps to expand sales across various industrial territories.
Stringent Pump Efficiency Standards Create Challenges for Rotary Pump Manufacturers
Despite the rise in adoption of rotary pumps across various industrial sectors, low efficiency and low volume degree of rotary pumps is restricting its adoption. Furthermore, due to stringent efficiency standards and regulations, rotary pump sales across various end-user industries have plummeted in the past few years.
The Energy Policy and Conservation Act of 1975 (EPCA) by the Department of Energy compels rotary pump manufacturers to comply with energy efficiency standards for industrial equipment. Furthermore, the emissions standards issued by the California Air Resources Board (CARB) compels rotary pump manufactures to adopt emission-certified engines in rotary pumps.
New efficiency standards and regulations developed by international governing bodies are forcing manufacturers in the rotary pumps market to modify their manufacturing and marketing strategies. This may make it more challenging for rotary pumps market players to maintain competitive prices and gain an edge in the market.
Stressed Oil & Gas Industry may Cause a Plunge in Sales of Rotary Pumps
The oil price collapse and declining levels of petroleum and natural gas exports are impeding growth of the oil & gas industry. The oil price crash is leading to upset the global economy, making a severe impact on oil & gas market player. Additionally, it has a major share in causing a sharp decline in demand for rotary pumps in oil & gas industrial applications, as rotary pumps are among the most sought-after types of pumps used to handle fuel oils and natural gas. Manufacturers in the rotary pumps market are likely to shift their focus on capturing sales opportunities in other application industries as declining oil & gas industry is restricting developments in the rotary pumps market.
The Fact.MR report on rotary pumps market enlists leading stakeholders in the market to provide insightful information about recent developments in the strategies of leading players in the rotary pumps market. The report features comprehensive information, including intensity mapping, key developments, key financials, SWOT analysis, global manufacturing facilities, and market share analysis about each manufacturer of rotary pumps market featured in the report.
The leading players in the rotary pumps market that have been mentioned in the report include Xylem, Flowserve Corporation, KSB SE & Co. KGaA, HMS Group, Pentair Ltd., SPX Flow, Inc., Dover Corporation, Alfa Laval, Gardner Denver, Inc., IDEX Corporation, ITT, Inc., and Roper Technologies Inc.
A leading manufacturer in the rotary pumps market – Xylem recently announced that it has been working in collaboration with the Government of Ethiopia to provide advanced water pumping solutions that can help the government to deal with water challenges and water security in Ethiopia.
Gardner Denver Holdings Inc., leading provider of flow control and compression equipment, recently acquired DV Systems – a Canadian manufacturer of compressed air solutions, to leverage its core technologies to enter new markets in coming future. The company also acquired Runtech Systems, earlier this year, which is a leading player in the pulp & paper industry, for around US$ 93 million. With this acquisition, the company is aiming to foray into the leading application industries of rotary pumps in the upcoming years.
ITT Inc.’s ITT Bornemann, another leading manufacturer in the rotary pumps market, recently launched the SLW Series – a hermetically-sealed twin screw pumps that are mainly suitable for oil & gas, chemical, power generation, shipbuilding, tank storage, and general industrial markets.
Other players in the rotary pumps market, including Alfa Laval, are majorly focusing on adopting advanced manufacturing technologies to enhance operational efficiency of rotary pumps to capture more lucrative opportunities in the foreseeable future.
About the Report
The Fact.MR report on rotary pumps market provides readers with imperative market insights about growth prospects, potential opportunities, and recent trends in applications of rotary pumps market. The report presents exclusive and unbiased conclusions, both in qualitative and quantitative format, about future growth of the rotary pumps market. The report on rotary pumps market is comprehensible as it is broadly segmented into various sub-categories, which can help readers to understand detailed insights on which segment are winning and which are losing. Thereby the report provides detailed information about growth of the rotary pumps market a seamless way.
In order to provide all the important insights and detailed information about the rotary pumps market in the most comprehensible manner, the Fact.MR report divides the rotary pumps market into its five broad sub-segments – rotary pump capacity, product types, applications, rotary pump characteristics, and regions.
Based on the rotary pump capacity, rotary pumps market is segmented into three main types – small, medium, and high. Based on the product types, the rotary pumps market is divided into following sub-segments – gear, vane, screw, lobe, progressive cavity pumps, piston, and peristaltic rotary pumps.
According to its applications, rotary pumps market is broadly segmented into following categories – oil, gas & refining, chemical, general industry, power generation, and water & wastewater. The oil, gas & refining segment is further divided into three broad sub-segments – oil & gas onshore, oil & gas offshore, and oil refining. The chemical segment is further divided into basic and downstream. The general industry segment is further classified into pulp & paper, metal manufacturing, food & beverages, pharmaceuticals, shipbuilding, mining, harbor, docks, & canals, building services/industrial building, construction dewatering, domestic/residential building, packaging machinery, textile machinery, woodworking machinery, and other construction & machinery equipment. The power generation segment is further classified into coal oil, combined cycle gas, hydroelectric, and nuclear. The water & wastewater segment is further divided into industrial and municipal.
Request for Research Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=2399
According to the characteristics of rotary pumps, the rotary pumps market is segmented into three categories – standard pumps, engineered pumps, and special purpose pumps. Based on regions, the rotary pumps market is segmented into six main geographical regions – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
27 Upper Pembroke Street,
Dublin 2, Ireland