Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 6.09 Billion | USD 10.03 Billion | CAGR at 5.82% | 2023 |
The global diaphragm pump market had a value of USD 6.09 billion in 2023, and Zion Market Research predicts that it will increase to USD 10.03 billion by the end of 2032. The market is expected to grow at a CAGR of 5.82% during the forecast period. This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Diaphragm Pumps Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Diaphragm Pumps Market market.
The diaphragm pumps are used for the pumping of fluids by making use of the reciprocating motion of the diaphragm. The diaphragm pumps have a reciprocating diaphragm and check valves that are used for controlling the fluid that comes in and out. The important factor in increasing the life span of the diaphragm pumps is to select suitable diaphragm material depending on the application.
The challenge for the diaphragm pumps is to minimize the H2S and CO2 emissions that are emitted from the sour oil and gas wells. The oil and gas sector has been looking out for ways to safely handle and store the highly toxic H2S and sour gas. Thus, advanced processes have been developed for the re-injection of CO2 and sour gas into deep geologic formations.
The global market for diaphragm pumps is fragmented into its end-use industries, operation type, application, and mechanism.
Based on the end-use industries, the global market is segregated into the chemicals and petrochemicals industry, food and beverage industry, paper and pulp industry, construction industry, pharmaceuticals industry, and printing and packaging industry.
Based on the operation, the market is categorized into double diaphragm pumps and single diaphragm pumps.
Based on the application, the market is divided into filter press pumps, metering and dispensing pumps, dewatering pumps, and fluid transfer pumps.
Based on the mechanism, the market is bifurcated into electrically operated and air operated.
The technological developments that are made in diaphragm pumps have made them compact and have simple designs. Owing to this factor, diaphragm pumps are being used in several industries, thus increasing their demand in the future. Furthermore, the beneficial characteristics of the diaphragm pumps, such as lower maintenance costs, variable flow control, and low downtime, render them more suitable for a variety of applications. In several drilling applications, diaphragm pumps are highly adopted as they transport corrosive and toxic fluids without the issue of leakage. The latest development in double diaphragm pumps that are air operated for the transportation of liquids that consist of large solids without making use of electricity will drive the growth of the market in the coming years.
Report Attributes | Report Details |
---|---|
Report Name | Diaphragm Pumps Market Research Report |
Market Size in 2023 | USD 6.09 Billion |
Market Forecast in 2032 | USD 10.03 Billion |
Growth Rate | CAGR of 5.82% |
Number of Pages | 201 |
Key Companies Covered | Dover Corporation, Seepex GmbH, Flowserve Corporation, Xylem Inc., LEWA GmbH, Ingersoll Rand Plc., Graco Inc., Tapflo AB, Verder Group, IDEX Corporation, SPX Flow Technology AB, and Yamada Corporation. |
Segments Covered | By End-Use industries, By Operation, By Mechanism, By Application, and By Region |
Regions Covered | Latin America, North America, Asia Pacific, Europe, The Middle East, And Africa |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Customized purchase options are available to meet your exact research needs. Request For Customization |
The region that is leading the diaphragm pumps market is Asia Pacific region. The healthy growth in the construction industry is driving the demand for the diaphragm pumps in Asia Pacific region. The market will witness strong growth in North America and Europe. The factors that are favoring the growth of the market are growing awareness about clean drinking water and the rise in investments in infrastructural activities.
The key market players that are involved in the diaphragm pump market include
By End-Use industries
By Operation
By Application
By Mechanism
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