Reciprocating Pumps Market: Integration of New Technologies to Provide Competitive Advantage to Manufacturers

Posted on 2019-07-02 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-02 — /EPR Network/ — The report offers actionable and valuable insights on the reciprocating pumps market. The latest report by Fact.MR provides details on the present scenario of the reciprocating pumps market across various regions along with the historic data and forecast of the reciprocating pumps market. The report also includes information on the sales and demand of reciprocating pumps across various industries and regions. Market dynamics including latest trends, challenges, growth opportunities, and drivers for is also provided in the reciprocating pumps market report.

Reciprocating pumps market is projected to witness a significant growth, according to a latest report by Fact.MR. The reciprocating pumps market growth is being influenced by rising demand for oil and gas worldwide, especially in the petrochemical industry. The growing oil and gas demand is creating substantial opportunities for a range of industrial goods, including reciprocating pumps.

Reciprocating pumps are also being deployed for pumping fluid in wells at high pressure for fracking process and to transfer extracted oil and gas to the processing facility.

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Market Segmentation

The reciprocating pumps market is segmented on the basis of type, flow rate, and end-use industry. The key segments are further divided into sub-segments to provide better understanding of the reciprocating pumps market.

Petrochemicals are the key driver for fastest growing oil demand globally. The US oil supply is likely to grow in the coming years with significant growth in Light Tight Oil (LTO) production.

The chemical industry uses a wide range of diaphragm pumps, a type of reciprocating pumps owing to its ease of handling most aggressive, and flammable fluids. The demand for double diaphragm pumps also known as Air Operated Double Diaphragm (AODD) is increasing in the chemical sector.

Growth in Chemicals Industry Accelerating Demand for Diaphragm Pumps

According to Fact.MR’s analysis, demand for diaphragm pumps are likely to remain the preferred choice among end-users owing to their enhanced features, such as flexibility and isolation of the fluid chamber. Fact.MR estimates global sales of diaphragm pumps to surpass 2,000,000 units by the end of 2018. Increasing production of aggressive chemicals is resulting in the surging demand for Air Operated Double Diaphragm (AODD) pumps.

Electric double diaphragm pump combining energy-saving benefits of electric device with the diaphragm pump technology has also been introduced for chemical pumping application. Large adoption of this technology is expected in the chemical sector in the near future as it helps in reducing operating cost and energy consumption.

The reciprocating pumps across industries are used and run at a very low speed as compared to the centrifugal pumps. The biggest reason is to protect and increase packing and sealing life of the machine. Manufacturers in various industries use reciprocating pumps with the flow rate of up to 100 m³/h thereby improving reliability and increasing plunger life.

Additional Questions Answered

The report on the reciprocating pumps market provide answers to some additional questions.

Which will be the most dominating region in the reciprocating pumps market?
Which type of pump will account for the highest revenue share in the reciprocating pumps market?
What will be the volume share of oil and gas industry in the reciprocating pumps market?
What are the factors hampering the growth of the reciprocating pumps market?

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About Fact.MR

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.

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