Diaphragm Pumps Market Size, Share, Trends, Forecast 2022-28
The global diaphragm pumps market size was valued at USD 5,926.9 billion in 2021 and is poised to grow at a significant CAGR of 5.5% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Diaphragm Pumps Market: By Mechanism (Air-Forced, Electrical Operated), By Operation (Single Acting, Double Acting), By Discharge Pressure (Up to 80 bar, 80 bar to 200 bar, above 200 bar), By End User (Water & Wastewater, Oil & Gas, Chemicals, Pharmaceuticals, Food & Beverage, Others) and Geography - Global/Region/Country Forecast to 2028.”
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An overview on the Diaphragm Pumps Market
The global market report provides a complete overview on the diaphragm pumps market and can be categorized on the basis of operation, end-user, operation, mechanism and discharge pressure. The diaphragm pumps market has been classified into different sectors like Air-Forced and Electrically Operated based on mechanism. Amid these sectors, the air-forced sector is likely to be the rapidly growing largest sectors. The diaphragm pumps market is categorized into segments such as Double Acting and Single Acting on the basis of operation. The single-acting segment is projected to witness the rapidly growing market during the forthcoming years 2022-2028 amid these sectors. On the basis of discharge pressure, the diaphragm pump market is classified into segments like Up to 80 bar, 80 bar to 200 bar and Above 200 bar. Amid these segments, up to 80 bar segment witnessed major share in 2021 and 80 bars to 200 bars sector came at second-largest share. The end-user sector has been categorized into Food & Beverage, Water & Wastewater, Pharmaceuticals, Oil & Gas and Chemicals. Amid these sectors, the water & wastewater sector is anticipated to lead other sectors in the market. IDEX Corporation acquired Nexight LLC and its market-leading businesses – WinCan, MyTana, Envirosight, and Pipeline Renewal Technologies (PRT) In March 2022.
There is growing demand from industries such as food & beverages, pharmaceutical and oil and gas for diaphragm pumps. Moreover, another major factor may drive the market growth is the growing demand for gasoline, medicines and other products around the globe.
Asia Pacific accounted for major share in the Diaphragm Pumps Market
The diaphragm pumps market report aims at providing complete outlook across the region by covering the leading regions such as Asia Pacific, North America, Europe, Latin America, Middle East and Africa. Among these regions, Asia Pacific market is anticipated to witness the highest market share during the forecast period. The economy of the region is expected to grow from 6.5% in FY 2021 to 5.7% in FY 2022 according to the International Monetary Fund (IMF). The leading end-users of diaphragm pumps in this region are Power generation, water & wastewater treatment, oil & gas and pharmaceuticals.
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Competitive Analysis - Diaphragm Pumps Market
Key players operating in the diaphragm pumps market are Pump Solutions Group, LEWA GmbH, Flowserve Corporation, Grundfos Holding A/S and Xylem. Key players in the market follow strategies such as major collaborations and novel product launches.
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