Global Positive Displacement Pumps Market 2018-2022
About positive displacement pumps
A positive displacement pump operates by forcing a fixed volume of fluid through the suction and discharge port, creating a constant volume throughput.
Technavio’s analysts forecast the global positive displacement pumps market to grow at a CAGR of 4.86% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global positive displacement pumps market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of positive displacement pump through end users such as the oil and gas, water and wastewater, chemical and petrochemical, and other industries, which include power generation, food and beverage, and mining and construction; the products segments include rotary and reciprocating pumps, while the regional segments include APAC, EMEA, and the Americas.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Positive Displacement Pumps Market 2018-2022
Technavio recognizes the following companies as the key players in the global positive displacement pumps market: Flowserve, GRUNDFOS, ITT, SPX FLOW, Xylem
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is rising demand for pump repair and remanufacture from high-performance applications”
According to the report, one driver that is affecting the market is developments in water and wastewater industry”
Further, the report states that one challenge that is affecting the market is rising material costs affecting profit margins”
Market positioning of vendors