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Positive Displacement Pumps Market to Reach $11.25 Billion by 2027; Increasing Hydrocarbon Exploration Activities Will Bode Well for the Market, says Fortune Business Insights™

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Pune, May 20, 2020 (GLOBE NEWSWIRE) — The global positive displacement pumps market size is projected to reach USD 11.25 billion by the end of 2027. Increasing hydrocarbon exploration activities will emerge in favor of the growth of the overall market. According to a report published by Fortune Business Insights, titled “Positive Displacement Pumps (PDP) Market Size, Share & Industry Analysis, By Type (Reciprocating Pumps, Rotary Pumps, Peristaltic Pumps), By End-user (Water & Wastewater, Mining, Oil & Gas, Chemicals, Power Generation, Food & Beverage, Others), and Regional Forecast, 2020-2027,” the market was worth USD 6.90 billion in 2019 and will exhibit a CAGR of 6.9% during the forecast period, 2019-2027.Positive displacements pumps are widely used in applications across diverse industry verticals. They are primarily used to discharge the fluids that are trapped in the discharge pipe. They operate with the help of high pressure and density that moves the fluid within the discharge pipe. The increasing adoption of the product is attributable to the exceptional features that it possesses, specifically operational efficacies. Positive displacement pumps (PDP) are used in extraction of hydrocarbons. The surge in popularity of hydrocarbons and the massive efforts taken to maximize production and extraction of hydrocarbons will emerge in favor of the companies operating in the market. The integration of modern concepts and advanced solutions within these devices will contribute to the growth of the overall market in the forthcoming years.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.The report encompasses several factors that have contributed to the growth of the market in recent years. The massive demand for hydrocarbons has led to an increase in energy harnessing and production activities across the world. Companies are looking to capitalize on this by introducing newer products to the market. In March 2019, Alfa Laval announced the launch of a new screw pump under its portfolio of hygienic pumps. The company introduced a new twin screw rotary pump, a production that is able to deliver optimum solids handling capacity. Additionally, the product will offer improved efficacy and performance as well as low suction. The company claims that the product is suitable to be used in diverse industry verticals including food and beverage, dairy, and personal care. Alfa Laval’s latest product will have a positive impact on the growth of the overall market in the foreseeable future.
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific is projected to account for the highest market share in the coming years. The increasing number of hydrocarbon exploration activities, owing to the excessive demand for energy and power, will aid the growth of the regional market. Besides, the need for sustainable energy management will also constitute an increase in the regional market size. The presence of several large scale companies in countries such as India, China, and Japan will favor the growth of the market in Asia Pacific. As of 2019, the market in Asia Pacific was worth USD 2.09 billion and this value is projected to increase further in the coming years. The market will witness stagnancy in 2019 and 2020 due to the emergence of Covid-19 pandemic and subsequent shutdown in production and manufacturing.
List of Key Companies Profiled in the Positive Displacement Pumps Market Research Report are:The Weir Group PLC (Scotland)Atlas Copco (Sweden)   GRUNDFOS (Denmark)Flowserve Corporation (U.S.)Sulzer (Switzerland)Xylem (U.S.)SPX FLOW, Inc. (U.S.)Lakeside Equipment Corporation (U.S.)Alfa Laval (Sweden)Dover Corporation (U.S.)Pentair (UK)Tsurumi Pump (Japan)March 2019 – Alfa Laval announced the launch of a new twin-screw pump under its hygienic pump portfolio. The product can perform easy clean-in-place and fluid transfer operations.IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesLatest Technological AdvancementRegulatory LandscapeIndustry SWOT AnalysisPorters Five Forces AnalysisQualitative Analysis – Impact of COVID-19Impact of COVID-19 on the Pump IndustrySteps Taken by the Government to Overcome the ImpactKey Developments in the Industry in Response to COVID-19Potential Opportunities and Challenges due to COVID-19 OutbreakGlobal Positive Displacement Pumps (PDP) Market Analysis (USD Billion), Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By TypeReciprocating PumpsRotary PumpsPeristaltic PumpsMarket Analysis, Insights and Forecast – By End-userWater & WastewaterMiningOil & GasChemicalsPower GenerationFood & BeverageOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued….!!!
Diaphragm Pump Market Size, Share & Industry Analysis, By Type (Single Acting, Double Acting), By Operation (Electrically Operated, Air Operated) By Pressure (Up to 80 bar, 80-200 bar, Above 200 bar), By Application (Wastewater & Water, Oil & Gas, Petrochemical & Chemical, Pharmaceutical, Food & Beverages, Others) and Regional Forecast, 2019-2026Centrifugal Pump Market Size, Share & Industry Analysis, By Type (Axial Flow, Radial Flow, Mixed Flow), By Stage (Single-Stage, Multi-Stage), By End-user (Residential, Commercial, Industrial, Agricultural), and Regional Forecast, 2019-2026.Submersible Pump Market Size, Share and Industry Analysis, By Capacity (Low, Medium, High), By Pump Type (Electrical Submersible Pumps, Grinder Pumps, Effluent Pumps, Bilge Pumps, Others), By End-User (Residential & Commercial, Water & Wastewater, Mining, Agriculture, Oil & Gas, Chemicals, Construction, Others) and Regional Forecast, 2019-2026.Electric Submersible Pump Cable Market Size, Share and Global Trend By Insulation Type (Polypropylene, Ethylene Propylene Diene Monomer), By Cable Type (Flat Submersible Cable, Round Submersible Cable, Motor Lead Extension Submersible Cable), and Geography Forecast till 2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 
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