Thursday, 5 April 2018

Oil & Gas OEMs to Collaborate with PD Pump Manufacturers to Streamline Operations

Positive displacement (PD) pumps are machines that displace or disperse fluids at a constant volume and rate. They move fluid by trapping a fixed volume of it and then pushing that trapped volume into discharge pipe. These pumps are primarily used because of their ability to deal with high viscosity fluids and high-pressure changes, without compromising on performance.

 positive displacement (PD) pumps market

Pharmaceutical Industry to Emerge Promising Avenue for PD Pump Manufacturers

PD pumps are widely used across the globe in various end-user industries, including oil and gas, chemical, water treatment, food and beverages, and pharmaceutical. Among these, the oil and gas sector will be a prominent end-user sector of the product. Growing oil and gas exploration activities along with the soaring need to upgrade existing wells are likely to create a staggering volume of demand for positive displacement pumps in the industry. Rising popularity of horizontal drilling and hydraulic fracturing technologies is also contributing to the growth of the segment.

These pumps are used in the industry for several applications such as circulation of heat exchangers, cooling loops, hot water discharge, pumping systems, pipelines, and refrigeration systems. Increasing acquisitions and collaborations between oil and gas OEMs and PD pump manufacturers are expected to supplement the growth of the segment. For instance, in October 2017, AFGlobal acquired the Axon pressure pump technology in order to help clients improve durability, cost, and capability with ease of system integration. This acquisition will also facilitate clients to build efficiencies and streamline their operational suppliers.

The pharmaceutical industry also presents significant growth opportunities to PD manufacturers. Burgeoning sales of pharmaceuticals worldwide are bolstering the demand for the product. Emergence of automated drug manufacturing processes is also supporting the growth of the segment.

Market Insights

The global positive displacement (PD) pumps market is projected to register a CAGR of 4.4% between 2017 and 2025 (forecast period). According to a report by Grand View Research Inc., flourishing desalination and water treatment industries are anticipated to provide a fillip to the market. Rapid urbanization and growing population are creating a deficiency in existing freshwater sources. In order to meet spiraling demands for freshwater, governments are likely to escalate processes such as wastewater treatment and desalination. Rising shale oil production in North America can augment the overall market.

Asia Pacific is anticipated to command a large share in the market throughout the forecast horizon. Increasing urbanization and infrastructural development are stirring up the demand for positive displacement pumps in the region. Some of the key players in the market are Grundfos Holding, Flowserve, KSB, ITT, and Sulzer.

In-Depth Research Report On Positive Displacement (PD) Pumps Market:

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