November 03, 2022 16:00 ET | Source: FACT.MR FACT.MR
Rockville, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The global rotary pumps market is expected to reach USD 11.2 billion by 2032, increasing at a CAGR of 5.3% between 2022 and 2032. Lubrication Pump
Due to their capacity to pump gases and liquids without experiencing any head loss, rotary pumps have long been in great demand. Because of this, such pumps are the preferred choice of industries searching for sustainable pumps with low overall costs. According to the preceding scenario, the global rotary pump market has grown at a 1.4X rate during the last half-decade.
With the evolution of industrial operations, the demand for a pump that can perform efficiently at high differential pressure and pump high-viscosity fluids in compact designs began to grow. As a result, the market for cost-effective rotary pumps has grown, and it is expected to deliver a revenue boost to its manufacturers during the next ten years.
Download Sample Copy of This Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=2399
The Internet of Things (IoT) and Industry 4.0 are two advanced technologies that are rapidly gaining traction in the field of industrial automation.
Pump manufacturers are looking for ways to develop high-efficiency, low-cost pumps and take advantage of the growing importance of innovative technology in industrial sectors.
Pentair plc, a water treatment firm based in the United Kingdom, recently unveiled energy-efficient pool pumps that are linked with next-generation connected technologies that may automate activities including heating, filtering, moving, and sterilizing pool water.
Players in the rotary pump market are relocating production facilities to Asia, where labour costs are cheaper, in order to capitalize on the cost-effective features of rotary pumps and increase profitable sales in India, China, and other high-potential regions.
China and India are the most profitable markets for rotary pumps, and they are anticipated to maintain their dominance in the area, which presently accounts for 23% of total market share.
As there are so many local and regional players, the worldwide rotary pump market is highly fragmented and competitive. Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading organizations also use new product creation as a strategic way to expand their market presence among consumers. As a result of these efforts, advanced rotary pumps have been implemented.
Key Companies Profiled by Fact.MR are:
Get Customization on this Report for Specific Research Solutions - https://www.factmr.com/connectus/sample?flag=RC&rep_id=2399
Positive displacement pumps, such as rotary pumps, are well liked by end-users from a variety of industrial sectors, including water and wastewater, power generating, chemical, and oil and gas. Rotary pumps are one of the most adaptable pumping solutions available today, handling high viscosity fluids in a wide range of industrial applications because to the exceptional design advantages.
The variety of uses for rotary pumps is further increased by the fact that it is more effective than any other form of pump at pumping liquids at high temperatures and liquids with gas or vapour components. In order to increase sales across a variety of industrial sectors, manufacturers in the rotary pump market are emphasising the special performance traits of rotary pumps.
Taking into account the aforementioned industries, the industrial application segment created 42% of the total market value for rotary pumps in 2021 and is projected to produce 51% of the same by the end of 2032. This area is therefore anticipated to deliver a gain of 900 BPS throughout the projected period of 2022–2032.
Global Rotary Pumps Market by Category
Get Free Access of Complete Report – https://www.factmr.com/checkout/2399
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Rotary Pumps Market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of Product (Gear, Vane, Screw, Lobe), By Capacity (Small (Up to 500 gpm), Medium (500-1,000 gpm), High (More than 1,000 gpm)), By End Use Application (Oil, Gas & Refining, Chemical, Power Generation), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Check out more related studies published by Fact.MR Research:
Canned Motor Pumps Market: The global canned motor pumps market created an absolute $ opportunity worth US$ 728.9 million during the historical period. However, the outbreak of COVID-19 pandemic has disrupted demand for canned motor pumps in almost every region. This, in turn, is poised to create latency in the global canned motor pumps market.
Chemical Metering Pumps Market: Chemical metering pumps is a mechanical device which is use to deliver chemicals fluids in precise adjustable flow rate. This pump has an ability to move chemical fluids in control rate in certain period of time. The user has to set the flow rate, pressure rate and time duration either manually or automatically, then this chemical metering pump will discharge the fluid accordingly. It is less time consuming and less manual.
Reciprocating Pumps Market: The global reciprocating pumps market is estimated at USD 7.1 Billion in 2022 and is forecast to surpass USD 13.5 Billion by 2032, growing at a CAGR of 6.6% during 2022-2032. The global reciprocating pumps market accounts for ~9% of the global industrial pumps market in 2022. The global reciprocating pumps market is estimated to provide an absolute $ opportunity of USD 4.5 Billion during the assessment period of 2022-2032.
Mining Pumps Market: The global mining pumps market is estimated at USD 2,375 Million in 2022 and is forecast to surpass USD 3,780 Million by 2032, growing at a CAGR of 4.8% from 2022 to 2032. The global mining pumps market accounts for ~5% of the global industrial pumps market in 2022. The global mining pumps market is estimated to have an absolute $ opportunity of USD 1,405 Million during the assessment period of 2022-2032.
Power Generation Pumps Market: The global power generation pumps market is estimated at USD 865 Million in 2022 and is forecast to surpass USD 1,857 Million by 2032, growing at a CAGR of 7.9% during 2022-2032. The global power generation pumps market accounts for ~1% of the global pumps market in 2022. The global power generation pumps market is estimated to have an absolute $ opportunity of USD 992 Million during the assessment period of 2022-2032.
About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Electric Gear Oil Pump Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Email: email@example.com Tel: +1 (628) 251-1583