The Global Membrane Pumps Market is projected to reach USD 4.08 Billion by 2028, exhibiting a CAGR of 3.5% over the projected period.The membrane pump is a type of displacement pump, which utilizes a combination of suitable valves to pump liquid. The increasing requirement for the removal of industry effluent has led to the growth of the global membrane pumps market. These pumps have usage in metering pumps across the water treatment industry and as vacuum pumps in process operations in pharmaceuticals, food & beverages, and chemicals. Other applications comprisefilter pressing, dewatering, and spraying & cleaning.
The global membrane pumps market is growing at a significant pace owing to the increasing demand from oil & gas, building & construction, andmining industryfromthe past fewyears. Theincreasing application of membrane pumps in various industrieswill drive the product’s market share. Moreover, huge investments in emergingregions owing to rapid industrialization in Latin America and the Asia Pacific economies will contribute to the growth of the market.Large investmentsenable manufacturers to upgrade and extend their production service that involves the utilization of pumps for various applications. This trend will boost the global membrane pumps marketover the forecast period.
There is tremendous growth in offshore and onshore exploration in the oil and gas industry inseveraleconomies, which has considerably increased the demand for membrane pumps. Furthermore, membrane pumps can manage liquids along with viscous fluids, solid particles, hazardous materials, or liquids used in the water treatment industry. Hence, they have usage in activities such as bulk transfer, refining, waste processing, loading and unloading, refueling, circulation drilling mud transfer, and wellhead injection.
The demand for fresh water has been continuously increasingdue to rising urbanization and industrialization, and increasingpopulation.Water treatment aids in eliminating toxic elements from water andin sorting out the physical and chemical process.The requirement for these pumps has increased in developing economies where masses have migrated fromrural areas to well-developed or urban regions. Due to such factors, the demand in the global membrane pump industry will surge at a significant rate over the coming years.
Global Membrane Pump Market, By Type
In terms oftype, the air operated segment is expected to hold the largest share of the industry in 2017. These pumps use compressed air as a power source that allows them to transfer arange of fluids, such as sludge, abrasive, slurries, as well as highly viscous fluids.
Global Membrane Pump Market, By End-Use
Considering the end-use, the global market classification includes oil & gas, chemical & petrochemical, water & wastewater, pharmaceutical, food & beverages, and others. Amongthese, the water & wastewater and oil & gas segments are the key segments of this market. According to share, the oil & gas segment is expected to holdthe largestrevenueshare over the forecastperiod, and it will register a significant CAGR in the coming years.Moreover, the chemical and petrochemical segment will grow withthe highestshareduring the estimated period.
Global Membrane Pump Market, By Geographical Regions
In terms of geography, the global industrysegmentation includes North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, Asia Pacific is likely to lead the market during the forecast period. Growing foreign direct investments, coupled with rapid urbanization,have led to the development of the Asia Pacific membranes pump market. Likewise, the growing demand for energy fuel due to the rising demand from an increasing population can fuel the demand for membrane pumps in the region.
Increasing demand for membrane pumps in countries such as Germany, U.K., France, and Italy has led to the growth of the European market. The region holds the second position in terms of market share,owing to the increasing demand for these pumps from petrochemical, food, chemicals, and beveragesindustries. Furthermore, the Middle East and Africa require advanced and better water and wastewater management treatment,which will fuel the demand for membrane pumps in this region.
The global membrane pump market is highly fragmented, and the topmost market players account for almost one-third of the total market revenue. Market vendors have been channelizing efforts towards gaining their sales and distribution channels in emerging countries while also emphasizing on acquisitions to balance their product portfolio as well as business structure.
Key Market Developments
Some Key Findings of the Global Membrane Pump Market Report Include:
Detailed scope covering all the major segments in the market
In line data validations to ensure data precision
Market recommendations supporting decision making processes
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