LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global diaphragm pump market is expected to grow at a CAGR of 5.2% during the forecast period.
This research report titled ‘Global Diaphragm Pump Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
“Rise in application of the diaphragm pumps in the key industrial segments, like wastewater treatment, pharmaceuticals, food processing, and other sectors will help the diaphragm pump market to grow during the forecast period. The growth of the market is also attributed to its increasing application in industrial sectors of developing countries, such as India and China. The initiatives, like FDI regulations and deregulation of the pricing policy, taken by governments in these countries will boost industrial development, especially in the power, agriculture, oil and gas, chemical, infrastructure, and F&B sectors,” says Anju Ajaykumar, a lead analyst at Technavio for research on engineering tools.
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The report categorizes the global diaphragm pump market into the following end-user segments:
- Water treatment
- Oil and gas
- Chemical
- Pharmaceutical
- Food and beverage
- Others
The top three segments are illustrated below:
Water treatment industry: largest end-user segment
Diaphragm pumps are mainly used in various water treatment processes, such as coagulation, iron sequestration, and disinfection. These pumps help in odor control, phosphorous control, and solid conditioning, among other applications. Therefore, a hike in investment toward water treatment by both the government and private sectors is expected to propel demand for diaphragm pumps.
Advanced economies already possess well-developed infrastructure for water production. However, they lack appropriate supply facilities, as a result, impurities tend to pollute the water during transportation. Many European countries already employ technologically progressive industrial water treatment infrastructure and so have shifted their focus on municipal water treatment facilities and associated infrastructure. “Meanwhile, in emerging countries like China and India, the municipal water infrastructure is in a dire condition since large sections of the population in these countries lack access to clean water. The growing population in urban areas has led to an increase in the demand for high-quality water for drinking and household purposes,” adds Anju.
Oil and gas industry
Global diaphragm pump market by the oil and gas industry is expected to grow at a CAGR of 3.18% during the forecast period.
Air operated double diaphragm pumps play an important role in distribution and extraction applications in the industry for various reasons. Diaphragm pumps used in the oil and gas industry should be durable and corrosion-resistant, and have the ability to operate in hard climatic conditions. Oil is extracted from salty water of the sea, so the pumps need to withstand wet environment, wind, sun exposure, and high temperatures.
Chemical industry
Transferring fluids are one of vital part of everyday operation in the chemical industry. It is done with the help of diaphragm pumps. Diaphragm pumps help to move chemicals efficiently and safely and reduce production downtime. Chemicals are an essential part of daily life in today’s world. There is barely any industry where chemicals are not used, and a single economic segment where chemicals do not play a significant role. Chemicals are used in a wide range of products and practices, and while they are the key contributors to national and global economies, their sound management during their lifecycle is critical to avoid significant and progressively complex risks to human health and ecosystems and considerable costs to national economies.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Dover
- Flowserve
- Grundfos
- LEWA
- Xylem
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