Positive Displacement Pumps Market

The global positive displacement pumps market size was USD 3.36 Billion in 2020 and is expected to register a revenue CAGR of 4.7% during the forecast period. Increasing demand for positive displacement pumps from oil & gas industry and rising need to upgrade and remodel existing facilities worldwide are key factors expected to drive market revenue growth over the forecast period. Recovery in the oil and gas industry in post-decline period has been boosting demand for positive displacement pumps owing to increasing exploration and production activities and this is expected to further drive revenue growth of market over the forecast period.

Transcript

1. Positive Displacement Pumps Market To Reach USD 4.82 Billion By 2028 www.reportsanddata.com
2. Market Summary Increasing demand for and application of positive displacement pumps in various end-use industries such chemicals, power, mining, and water & wastewater, among others is a key factor driving market growth Market Size – USD 3.36 Billion in 2020, Market Growth – at a CAGR of 4.7%, Market Trends – increased E&P activities in oil and gas industry and enhanced oil recovery The global positive displacement pumps market size is expected to reach USD 4.82 billion by 2028 and register a revenue CAGR of 4.7%, according to the latest report by Reports and Data. Increasing exploration and production activities in oil and gas sector and need to enhance oil recovery procedures are key factors driving demand for positive displacement pumps, and this expected to continue to boost market revenue growth over the forecast period. Positive displacement pumps are vital components in the oil & gas sector and are often deployed in tri-phase or multi-phase pumping applications. Top Key Players - Schlumberger Ltd., HERMETIC-Pumpen, Pentair, Baker Hughes, Flowserve, Grundfos, AR North America, KSB, and Sulzer, among others.
3. Market Summary Product Outlook (Revenue, USD Billion; 2018-2028) • Reciprocating • Rotary End-use Outlook (Revenue, USD Billion; 2018-2028) • Oil & Gas • Chemical • Water Treatment • Pharmaceutical • Food & Beverages
4. Market Summary Regional Outlook (Revenue, USD Billion; 2018-2028) • North America • Europe • Asia Pacific • Latin America • Middle East & Africa To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/positive-displacement-pumps- market
5. Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact- based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. About Us John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com