Positive displacement pumps are a type of pump that moves fluid by trapping a fixed amount of it and then forcing it into the discharge pipe. These pumps operate by repeatedly filling a cavity and then displacing the fluid mechanically. Unlike centrifugal pumps, which use rotational kinetic energy to move fluid, positive displacement pumps rely on creating flow through a sequence of expanding and contracting cavities or chambers.
According to a report from Future Market Insights, the net worth of the total positive displacement pumps sold globally in 2023 could be around US$ 14.12 billion. Positive displacement pumps have seen impressive development in recent years with an increase in demand for their use in several critical industries including oil mining. They have become essential instruments in a variety of applications due to their outstanding capacity to move viscous liquids, prompting manufacturers to increase production.
The global demand for positive displacement pumps market is projected to increase at a CAGR of 4.4% during the forecast period between 2023 and 2033. This promising growth rate is poised to expand the marketplace for the market positively by reaching a total of US$ 21.72 billion by 2033.
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Key features and types of positive displacement pumps:
- Fixed Displacement: These pumps move a constant volume of fluid with each cycle regardless of the discharge pressure. Examples include gear pumps, vane pumps, and piston pumps.
- Variable Displacement: These pumps can vary the volume of fluid displaced per cycle, allowing for adjustable flow rates. Examples include axial piston pumps and radial piston pumps with variable displacement mechanisms.
- Reciprocating Pumps: Reciprocating positive displacement pumps use a piston, plunger, or diaphragm to create flow. As the piston or plunger moves back and forth within a cylinder, it alternately draws in and expels fluid. Reciprocating pumps include piston pumps and diaphragm pumps.
- Rotary Pumps: Rotary positive displacement pumps use rotating elements such as gears, lobes, screws, or vanes to trap and move fluid through the pump. These pumps are known for their smooth, pulse-free flow and are commonly used in applications requiring precise metering or high viscosity fluids. Examples include gear pumps, vane pumps, and screw pumps.
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Recent Developments by the Positive Displacement Pumps Manufacturing Industries
- In the year 2021, Parker Hannifin released a new MicroVane pump, a tiny rotary vane pump intended for use in medical applications.
- In January 2021, May River Capital acquired Unibloc Pump Company to expand its production capacity. Likewise, in September 2020, PSG Pumps was purchased by Flowserve Corporation while its Process Pumps division was purchased by Sulzer AG in October that year.
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Centrifugal Pumps Market Size: The market is estimated to be valued at US$ 33 billion in 2023 and is expected to reach US$ 60 billion by 2033. The adoption of centrifugal pumps is likely to advance at a CAGR of 6.2% during the forecast period.
Asia Pacific Industrial Pumps Market Review: This market share is projected to reach US$ 39.3 Billion in 2032. The growing worldwide industrialization has been increasing the demand for the industrial pump.
Chopper Pumps Market Overview: The global market is anticipated at US$ 818.4 million in 2022. Demand is likely to remain high for chopper pumps during the assessment period. This is due to the increased application in agriculture and garnering US$ 1429 million in 2033, recording a CAGR of 5.2% from 2023 to 2033.
Southeast Asia Submersible Pumps Market Growth: The Global market is expected to reach US$ 1,076.8 million in 2032 and showcase steady growth at a CAGR of 5.5% between 2022 and 2032.
Diaphragm Pumps Market Analysis: The diaphragm pumps market is anticipated to flourish at a steady CAGR of 6.4% between 2023 and 2033. The market is expected to hold a market share of US$ 9.55 billion by 2033,while the market is likely to reach a value of US$ 5.13 billion in 2023.
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