The Global Pneumatic Diaphragm Pumps Market is anticipated to grow from USD 3.27 billion in 2019 to reach USD 5.30 billion by 2028, growing at a CAGR of 5.5% over the forecast period. Increasing development in sanitation, water, and wastewater sectors and the rapidly growing demand for pneumatic pumps across the chemical manufacturing industry are some of the major factors that are expected to boost the global pneumatic diaphragm pumps market over the forecast period.
In addition, increasing investments in water treatment facilities as well as in the oil and gas industry are anticipated to be the major factors in driving the global market over the forecast period. Growing demand for fresh water due to increasing population, as well as rapid urbanization and industrialization, has increased the demand for pneumatic diaphragm pumps in developing regions.
Moreover, rising activities in onshore & offshore exploration in the oil & gas sector across various areas due to high consumption of energy fuels are projected to augment market growth in the near future. In 2016, the U.S. Department of Energy (DOE) launched fresh energy conservation standards for pumps with an objective to conserve energy while being economically viable.
Water treatment helps eliminate toxic elements from water by employing various physical and chemical separation procedures. Diaphragm pumps are highly effective in handling extremely viscous fluids, solid and liquid particles, and hazardous materials or liquids that are majorly used in the water treatment industry. However, they are used in applications such as bulk transfer, circulation drilling mud transfer, refining, waste processing, loading and unloading, refuelling, and wellhead injection as well.
As per the regional scenario, the Asia-Pacific region dominated the global market for pneumatic diaphragm pumps in 2017 and is expected to maintain its dominance over the forecast period. This growth of this regional market can be primarily attributed to the high demand from major industries, such as water & wastewater, chemicals, oil & gas, and power generation. Further, increasing investments in infrastructure, rapid industrialization, and increasing demand for sanitation facilities are expected to boost the demand for pneumatic diaphragm pumps across the region.
Global Pneumatic Diaphragm Pumps Market, by end User
Water and wastewater accounted for the leading share of the global pneumatic diaphragm pumps market. The increasing adoption of pneumatic diaphragm pumps in the water & wastewater industry due to their ability to handle any kind of debris is a key factor in driving the market. Hence, the water & wastewater segment held the highest market share in 2017, and this trend is expected to continue over the forecast period. Diaphragm pumps are also ideal for conveying, metering, as well as for other significant applications in the water & wastewater sector.
Recent Market Developments in the Global Pneumatic Diaphragm Pumps Market
The Global Pneumatic Diaphragm Pumps Market Report Includes:
By Discharge Pressure:
By End User:
Detailed scope covering all the major segments in the market
In line data validations to ensure data precision
Market recommendations supporting decision making processes
Round the clock analyst support to resolve your queries
Up to 15% additional free customization to meet your specific requirements