Diaphragm Pumps Market Size, Share, Trends and Future Growth Predictions till 2027

According to MarketsandMarkets™ recent research report, the Diaphragm Pumps Market will grow at a CAGR of 4.5% between 2022 and 2027 to reach a market size of USD 7.6 billion by 2027 from USD 6.1 billion in 2022. The global spurt in oil & gas activities is driving the demand for diaphragm pumps. Moreover, growth of the water and wastewater treatment industry, led by stringent regulations, is further fueling the growth of the Diaphragm Pumps Market. The pharmaceutical industry is also expected to swell giving rise to opportunities for the growth of the Diaphragm Pumps Market.

The Diaphragm Pumps Market includes prominent Tier I and Tier II manufacturers like Flowserve, IDEX Corporation, PSG, Xylem, Inc., and Ingersoll Rand Inc. These companies have their manufacturing facilities spread across North America, Europe, Asia Pacific and the other regions. Many diaphragm pump manufacturers have also developed smart pumps incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The chemicals, water & wastewater, oil & gas, food & beverage, and pharmaceuticals industries are the amongst the largest consumers of diaphragm pumps. The growth of these industries is expected to also lead to the growth of the Diaphragm Pumps Market.

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The air operated segment is expected to dominate the Diaphragm Pumps Market, by mechanism, during the forecast period.

An air compressor is utilized to drive the diaphragm in air-operated diaphragm pumps. Reciprocating elastomeric diaphragms and check valves are utilized in these pumps to pump fluid. A wide variety of materials are used to make these flexible diaphragms. Electricity is not required for operation making these pumps ideal for environments with fire hazards or where power supply is not available. Based on chemical compatibility and the type of fluid that will be handled, a wide range of materials can be selected for the diaphragms of the pump. Air operated double diaphragm pumps (AODD) are specifically preferred in applications that require handling highly viscous liquids with a relatively high amount of solid content. The growth of this segment can be attributed to the growth of the food & beverage, pharmaceuticals, and chemicals industries which commonly employ air operated diaphragm pumps for fluid transfer purposes.

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The water & wastewater segment is expected to be the dominant market, by end user, during the forecast period.

The water & wastewater segment held the largest market share of the Diaphragm Pumps Market in 2021. Diaphragm pumps find a variety of applications in the water & wastewater treatment industry and are used in feeding filter presses, digestion tanks & thickeners, and pumping stations. These pumps also find applications in wastewater treatment processes like dewatering through filtration (filter press), chemical dosing to neutralize pH levels and treat sludge, wastewater sump transfer and sample, and municipal water treatment. A wide range of solid debris like stones, sticks, sand, mud, or trash, are easily handled by such pumps making them an ideal choice for water treatment applications. The wastewater from domestic and industrial sources contains harmful bacteria, viruses, nitrogen, phosphorous, and other pollutants that are harmful to the environment and human health, prompting governments to introduce stringent laws on urban and industrial wastewater treatment in Europe, North America, and the emerging economies of Asia Pacific, Middle East & Africa, and South America. This may lead to a further increase in the number of wastewater treatment plants globally driving the demand for diaphragm pumps.

Asia Pacific likely to emerge as the fastest growing Diaphragm Pumps Market globally

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period in the Diaphragm Pumps Market. Industries are the major end users for diaphragm pumps in the Asia Pacific region. The growth of the market in Asia Pacific, hence, can be attributed to the increasing industrialization fueled by the rapid economic growth. Moreover, the burgeoning population of Asia Pacific puts an extreme burden on the water resources of the countries in this region. The water and wastewater treatment sector, as a result, also has a huge growth potential in the region, driving the demand for diaphragm pumps.

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The Diaphragm Pumps Market is dominated by major players that have a wide regional presence. Some of the key players in the Diaphragm Pumps Market are PSG (US), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), LEWA GmbH (Germany), IDEX Corporation (US), Xylem, Inc. (US), Flowserve Corporation (US), SPX FLOW (US), and Yamada Corporation (Japan).

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Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, Between Bearing), Operation Type (Electric, Hydraulic, Air Driven), Stage (Single Stage, Multistage), End-User (Industrial, Commercial, Residential), Region- Global Forecast to 2026
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Marine Engines Market Trends, Key Technology Developments and Impact Analysis of Drivers and Restraints During (2022-2028)

 

According to the new market research report "Marine Engines Market by Engine (Propulsion Engine, Auxiliary Engine), Type (Two Stroke, Four Stroke), Power Range (Up to 1,000 hp, 1,001-5,000 hp, 5,001-10,000 hp, 10,001-20,000 hp, Above 20,000 hp), Fuel, Vessel and Region - Global Forecast to 2027" The marine engines market size will grow to USD 13.3 billion by 2027 from USD 11.7 billion in 2022, at a CAGR of 2.6% during the forecast period.

Growth in international marine freight transport, aging fleet, and adoption of smart engines for performance and safety are the driving factors for the marine engines market, globally. Global maritime trade has increased significantly in the past decade. This rise can be attributed to the growing economies of Asia Pacific, and the rise of e-commerce and online trade. Maritime trade, however, slumped in 2020 due to the pandemic induced lockdown and the disruption of marine industrial activity and trade. This in turn also led to a decline in ship deliveries in 2020. With the resumption of trade, 2021 saw a surge in new orders for ships and marine engines. Also, the shipping companies are targeting to replace their aging fleet with new build vessels equipped with cleaner and more efficient engines. Stringent regulations put in force by the International Maritime Organization (IMO) from January 2020, to limit the emission of sulfur from ships to 0.5%, are further compelling shipowners to either procure ships with cleaner and greener engines, or retrofit their older vessels with new engines which are significantly more efficient and emit less SOx. This has also led to a shift in fuel consumption pattern of marine engines with more and more engines utilizing cleaner distillate fuels rather than heavy fuel oils. Many marine engine manufacturers have also developed smart engines, pure gas engines, and hybrid or dual-fuel engines to address the issue and comply with the regulations. Thus, the growth of maritime trade, aging fleet and the development of smart and hybrid engine technologies to adhere to the stringent regulations are expected to lead to the growth of the marine engines market.

The propulsion engine segment is expected to dominate the marine engines market, by engine, during the forecast period.

The propulsion engine segment is expected to hold the largest market share of the marine engines market. Propulsion engines are the main supporting system of a ship and are an integral part of the ship’s propulsion mechanism. They are the main engines of ships, providing thrust and power to move and sail the oceans. Marine propulsion engines are a very important asset of ships as they are the prime mover of the ship. Thus, the demand for propulsion engines across various engine types is high and expected to increase further. Propulsion engines are further divided into gas turbines, diesel engines, steam turbines, and dual-fuel engines. All the vessels, from a small passenger ferry to very large container ships, require a propulsion or a main engine to direct the vessel’s movement through the water. Full-scale resumption of global maritime trade, growth of the shipbuilding industry, and the replacement of aging fleet with new build vessels are expected to drive the propulsion engine segment of the marine engines market during the forecast period.

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The above 20,000 HP segment is expected to be the largest in the marine engines market, by power range, during the forecast period.

The above 20,000 MW segment held the largest market share of the marine engines market in 2021. The above 20,000 HP marine engines mostly have applications for very large vessels, which include large bulk carriers, cargo vessels, containerships, defense vessels, LPG carriers, LNG carriers, and others. They are primarily used as prime moves to facilitate the movement of these ships through the waters. The growth of global maritime trade and the requirement of more and more vessels to cope with tight vessel supply, as well as the requirement to replace some of the existing fleet to comply with the stringent International Maritime Organization (IMO) regulations put in force from January 2020, are expected to drive the growth of the above 20,000 HP segment during the forecast period.

The two stroke segment is expected to be the largest segment in the marine engines market, by type, during the forecast period.

The two stroke segment accounted for the largest share of the marine engines market, by type, in 2021. The two-stroke engines can run on low-grade fuels, have better efficiency and high power; and are more reliable. They are preferred as main engines in vessels in case of long journeys via oceans when higher power and efficiency are required. They offer high torque at a low engine speed, which helps boats/vessels cruise at a constant speed without adjusting the engine speed. Two-stroke engines have one revolution of the crankshaft during one power stroke. They also have a larger ratio in terms of power to weight and are slow-speed, crosshead engines. The growth of international maritime trade will lead to an increase in the requirement of prime movers for ocean going vessels, which eventually will drive the demand for two stroke marine engines during the forecast period.

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The marine diesel oil segment is expected to be the largest in the marine engines market, by fuel, during the forecast period.

The largest share of the marine engines market in 2021 was held by the marine diesel oil segment. Marine diesel oil, unlike heavy fuel oil (HFO), does not require heating during storage. The various blending ratios of marine diesel oil can be regulated directly by refinery processes or by mixing ready-made marine fuels. The growing stringency of emission control regulations and continuous revisions in the IMO standards have led to the substitution of bunker oil or heavy fuel oil with low sulfur oils such as marine diesel oil, driving the growth of this segment in the marine engines market during the forecast period.

The bulk carriers segment is expected to be the largest in the marine engines market, by vessel, during the forecast period.

The largest share of the marine engines market in 2021 was held by the bulk carriers segment. Bulk carriers are the merchant fleets workhorses, transporting raw ingredients including grain, iron ore, and coal, as well as products such as bauxite, cement, fertilizers, rice, sugar, and timber to name a few. Bulk carriers can also transport manufactured goods such as steel coils. They are the most environmentally efficient way to move big volumes of dry freight over long distances. As the demand for raw materials, grains, and metals transportation increases, shipping companies will react with a surge of new orders for dry bulk carriers. The recovery of world trade post 2020 also led to a surge in new orders to address severe fleet capacity constraints and the uptick in freight rates, which may drive the bulk carriers segment of the marine engines market during the forecast period.

Asia Pacific likely to emerge as the largest marine engines market.

The Asia Pacific region accounted for the largest share of the marine engines market in 2021. The region is a global shipbuilding hub, dominated by countries such as China, South Korea, Japan, and the Philippines. Also, the region is experiencing rapid economic growth, creating a favourable environment for the growth of maritime trade. Over the past few years, this region has witnessed rapid economic development as well as the growth of the manufacturing and energy sectors, thereby resulting in an increase in maritime trade. The rise in seaborne trade has subsequently led to an increase in demand for ships that are used to transport manufactured goods to various regions worldwide. The demand for marine engines in the defense sector is also projected to increase because of the ongoing territorial conflicts among countries in the region. The governments in the region are offering tax rebates to the shipbuilding industry as well. Hence, the region is witnessing a spike in investments in the shipbuilding industry, consequently leading to a rise in demand for marine engines.

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The marine engines market is dominated by a few major players that have a wide regional presence. The leading players in the marine engines market are Caterpillar (US), Wärtsilä (Finland), Volkswagen Group (MAN Energy Solutions) (Germany), Rolls-Royce Holdings (UK), Volvo Penta (Sweden), Mitsubishi Heavy Industries, Ltd. (Japan), Cummins (US), Hyundai Heavy Industries Co., Ltd. (South Korea), Daihatsu Diesel Mfg. Co., Ltd. (Japan), Deutz AG (Germany), WinGD (Switzerland), Siemens Energy (Germany), Fairbanks Morse (US), Wabtec (GE Transportation) (US), Yanmar (Japan), Isotta Fraschini Motori (Italy), CNPC Jichai Power Company Limited (China), Bergen Engines (Norway), Doosan Infracore (South Kore), Mahindra Powerol (India), IHI Power Systems (Japan), and others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Centrifugal Pump Market Segmentation, Analysis by Recent Trends, Development & Growth by Regions to 2026

New Revenue Pockets:

The global centrifugal pump market size is projected to reach USD 48.8 billion by 2026 from an estimated value of USD 36.6 billion in 2021, at a CAGR of 5.9%. The key drivers for the centrifugal pump market include intensified demand for water and wastewater management in developed countries; surged investments in global construction industry; high demand for centrifugal pumps from agricultural sector.

The circuit breaker market is dominated by major players that are established brand names with an extensive regional presence, along with many local and regional players in emerging economies. The key players in the centrifugal pump market include companies such as Xylem (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Grundfos (Denmark), and Flowserve (US).

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The industrial segment is estimated to be the fastest-growing segment of the centrifugal pump market, by end-user, from 2021 to 2026. This segment is driven by factors such as the increasing demand for freshwater in developing regions such as Asia Pacific and Africa. A focus on reducing carbon emissions is leading to the increased demand for cleaner sources of power generation which, in turn, would result in a rising demand for centrifugal pumps used as boiler feed pumps, condensate extraction, and cooling water pumps in the power generation industry.

Based on type, the overhung impeller centrifugal pump segment is expected to grow at the fastest rate from 2021 to 2026. This is due to various factors such as low installation cost as compared to between bearing centrifugal pumps. Overhung impeller pumps are installed with the lowest cost materials such as iron casings with brass or bronze impellers. They take up less floor space with slurry options such as rubber linings and offer reasonable efficiency. They are used in residential, commercial, and chemical applications. This segment is expected to have a higher market share due to the widespread implementation and easy operation of overhung impeller centrifugal pumps. The growing renewable energy sector also supports the growth of the overhung impeller pump segment with many solar power projects deploying these pumps for power generation.  

Based on stage, the single-stage segment is projected to grow at the highest CAGR from 2021 to 2026. The reliability and low maintenance costs of single-stage pumps in applications with moderate dynamic heads such as water pumping stations, which are some of the most common applications of submersible pumps, are expected to boost their demand for single-stage pumps across the globe.

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The centrifugal pump market has been segmented, based on region, into Asia Pacific, Europe, North America, Middle East, South America, and Africa. Asia Pacific is projected to grow at the fastest rate, from 2019 to 2026, followed by the North America and Middle. Countries such as China and Japan are the largest markets in Asia Pacific and have increased their investments in the infrastructure and power sectors in the recent past. China accounted for the maximum share in the market in Asia Pacific in 2020 and is projected to grow at the highest CAGR of 6.5%, from 2021 to 2026. Increasing industrialization, investments in water and wastewater treatment infrastructure, growing urbanization, and rising demand for proper sanitation are the major factors impacting the growth of the centrifugal pump market in this region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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