- Development in water, wastewater, and sanitation sectors are major factors driving the market.
- An increase in infrastructural development projects, especially in China and India, are further driving the market.
- The Asia-Pacific region is currently the largest market.
The global diaphragm pumps market is projected to grow at a CAGR of 5.3% from 2016 to 2021 to reach $3.48 billion by 2021. Development in water, wastewater, & sanitation sector and demand for diaphragm pumps from the chemical industry are the major factors driving the market.
Some of the leading players in the diaphragm pumps market include Pump Solutions Group (U.S.), LEWA GmbH (Germany), Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), Xylem, Inc. (U.S.), and TAPFLO AB (Sweden) among others. New product launches was the most common strategy adopted by the top players in the market, constituting more than one-third of the total development share. It was followed by expansions, contracts & agreements, and mergers & acquisitions.
The report segments the diaphragm pumps market on the basis of its application in various end-user industries including water & wastewater, oil & gas, chemicals, pharmaceuticals, food & beverage, and others. Based on its discharge pressure, the diaphragm pumps market has been categorized in the following pressure ranges: up to 80 bar, 80 bar to 200 bar, and above 200 bar. The market has also been categorized on the basis of mechanism and operation into air operated & electrically operated and single acting & double acting, respectively.
In this report, the diaphragm pumps market has been analyzed with respect to five regions, namely, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. The Asia-Pacific region is currently the largest market, followed by North America and Europe respectively. Asia-Pacific would continue to dominate the market and is expected to grow at the fastest pace.
Factors such as increasing industrialization; investment in water infrastructure; growth in various industries such as water & wastewater treatment, chemicals, power, and oil & gas among others; upsurge in infrastructural development projects, especially in China and India; rising standards of living & growing urbanization; and higher demand for proper sanitation are the major growth drivers of the diaphragm pumps market in the Asia-Pacific region.
“Progressing Cavity Pump Market by Power Rating (Up to 50 hp, 51-150 hp, Above 150 hp), End User (Oil & Gas (Application, Well Type), Water & Wastewater, Food & Beverage, Chemical & Petrochemical, and Others), Region – Global Trends and Forecast to 2023″
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