Reciprocating Pumps Market Investigation & Industry Evolution till 2027

Posted on 2019-10-07 by Mark Hub in Industrial // 0 Comments

The demand for reciprocating pumps is likely to grow significantly in the APEJ region, with total sales expected to surpass US$ 1,000 million by the end of 2018. China and India are among the most attractive markets for reciprocating pumps in APEJ.

Reciprocating pump sales in APEJ are likely to benefit from macroeconomic trends, notably growing investment in energy generation. The Government of India is adopting several policies to meet the increasing demand for oil and gas in the country. The gas pipeline infrastructure is also growing with the rise in manufacturing units and facilities in India. With the government allowing 100% FDI in natural gas, refineries, and petroleum products, foreign investors have started investing in refineries and petrochemicals projects in India.

Macroeconomic trends are also impacting market growth in the Americas. The growing demand from offshore and onshore fields in the Gulf of Mexico is creating opportunities for reciprocating pump industry. Moreover, growing emphasis on developing unconventional resources in the US and Canada is driving the demand for oil and gas pumps including reciprocating pumps in North America.

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The demand for plunger pumps is increasing in oilfield applications, especially, in petroleum transfer operations, in secondary and tertiary injection wells, and at refineries.

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.

The overall outlook of the reciprocating pumps market is anticipated to be positive. The demand for reciprocating pumps is expected to expand at a 5.6% CAGR in terms of value throughout the forecast period, 2018-2027.

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With technological advancements, the electric double diaphragm pump has recently been introduced for chemical pumping applications. The new product combines diaphragm pump technology with electric drives that reduce energy consumption, operating costs and increases pump control. Rise in pharmaceutical and petroleum operations worldwide is also driving the demand for diaphragm pumps.

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

The pump market is witnessing a growing trend of implementing new technologies such as Industrial Internet of Things (IIoT), artificial intelligence, and Big Data. Owing to the volatile nature of the pump market in the last few years, manufacturers in reciprocating pumps market and other pumps are focusing on offering smart pumping system to minimize profits.

Manufacturers of reciprocating pumps and other pump suppliers are focusing on developing connected pumps providing ability to regulate and monitor pump efficiency, leading to the improvement in energy and uptime efficiency. Pump manufacturers are also adding sensors to the pumps to capture key parameters including temperature, pressure, and liquid levels.

Sectors including commercial buildings, water and wastewater, and oil and gas are expected to be the biggest adopters of smart reciprocating pumps. Pump manufacturers are offering smart pumping systems to provide real-time updates. These systems are expected to eliminate the unexpected breakdown and also reduce overall maintenance cost of reciprocating pumps and other pumps.

The demand for reciprocating sucker rod pumping system is also growing worldwide as the most common artificial methods for onshore wells. This is resulting in the integration of remote monitoring and control technology in sucker rod pumping system by the manufacturers in the reciprocating pumps market.

High Installation and Maintenance Cost to Hamper the Reciprocating Pumps Market Growth

The high maintenance and installation cost and short lifespan of reciprocating is limiting the growth of reciprocation pumps market worldwide. Moreover, an increasing number of manufacturers in various industries are shifting from reciprocating pumps to installing centrifugal pump due to the high cost of reciprocating pumps as compared to centrifugal pumps.

Reciprocating pumps also require a lot of maintenance in order to keep it functional for a long period of time. Moreover, reciprocating pumps also frequently require pulsation dampeners due to the pulsating nature of the flow resulting in the additional cost. The materials used in designing the reciprocating pumps are more and frictional losses by the piping system require larger motors, pumps, and power supplies. This adds to the cost of installation making it more expensive.

Another biggest problem faced by various industries using reciprocating pumps are violent piston movement creates pulsation within inlet and outlet of pump causing damage. However, manufacturers in the reciprocating pumps are focusing on providing damper to counter pulsation issue.

Competitive Landscape

The report on the reciprocating pumps market provides detailed profiles of the key players in the market along with the information on their market share. The study also includes a dashboard view of the leading players in the reciprocating pumps market. SWOT analysis, new developments, product portfolio, business strategies, of the leading players are also provided in the report on reciprocating pumps market.

Grundfos has opened a new facility in Florida, US. The company plans to serve water and wastewater industry with its leading solutions. The new facility in Florida will be a distribution hub for the company providing water and wastewater pumps, controls, and other accessories.

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Xylem Inc. has signed a Memorandum of Understanding (MoU) with Ministry of Water, Irrigation, and Energy in Ethiopia to help advance water security.

Wilden®, a part of Pump Solutions Group has launched a new V150 13mm (1/2”) velocity series pump. The pump is also available in 6mm (1/4”) size featuring a bore-seal design, eliminating leakage problem resulting from torque decay.

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