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Global Diaphragm Pumps Market was valued at US$ 2.92 Bn in 2019 and is expected to reach US$ 4.50 Bn by 2027, at a CAGR of 5.55% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Diaphragm pumps are progressive displacement pumps that are used to pump fluids with the aid of reciprocating motion of the diaphragm. Diaphragm pumps primarily consist of a reciprocating diaphragm made up of rubber or other polymeric materials, and it also checks valves that switch the incoming and outgoing fluid.
Growing water, chemical, and wastewater & sanitation industries are expected to drive the global diaphragm pumps market. Growing industrialization activities, increasing demand for proper sanitization, rising urbanization and organizations investing in water infrastructure, increasing preference for high living standards are the major factors driving the global diaphragm pumps market. Low maintenance drive system and durability are further factors, which are expected to boost the global diaphragm pumps market.
The challenge for the global diaphragm pumps market is to minimalize the H2S and CO2 emissions that are produced from the sour oil and gas wells. The oil and the gas sector have been beholding out for ways to safely handle and store the extremely toxic H2S and sour gas. Innovative processes have been developed for the re-injection of CO2 and sour gas in deep geologic formations.
Furthermore, Air operated double diaphragm pumps are resulting in a problem of water hammering, which inclines to confine the use of diaphragm pumps and the operating cost of air-operated double diaphragm pump is relatively higher than compared to conventional electric drive pumps are limiting the growth of global diaphragm pumps market.
The objective of the report is to present a comprehensive assessment of the global diaphragm pumps market and contains considerate insights, facts, historical data, industry-validated market data, and projections with an appropriate set of traditions and methodology.
The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global diaphragm pumps market.
The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Air-operated diaphragm pumps are projected to grow at a high rate of CAGR during the forecast period. Air-operated double diaphragm pumps perform an important role in distribution and extraction applications in the end-user industry for various reasons. Diaphragm pumps mainly used in the oil and gas industry owing to it offers features such as durability and corrosion-resistant and have the capability to operate in inflexible climatic conditions. Oil is mined from the salty water of the sea, so the pumps need to survive the wet environment, wind, sun exposure, and high temperatures.
A chemical segment is expected to hold significant growth in the global diaphragm pumps market. Developments inefficiency and the capability to handle a wide array of chemicals combine to create the air-operated double diaphragm pump is a useful choice for chemical processors. Diaphragm pumps assist to move chemicals proficiently, safely and shrink production time. There are barely any end-user industries where chemicals are not used.
Asia-Pacific is expected to lead the global diaphragm pumps market during the forecast period. Rapid industrialization, growing investment in water infrastructure, development in numerous industries such as water & wastewater treatment, chemicals, power, and oil & gas, increase in infrastructural development projects, especially in developing economies such as China and India are expected to dominate the diaphragm pumps market in this region.
Increasing standards of living & growing urbanization and sophisticated demand for proper sanitation are propelling the growth of the diaphragm pumps market in the region. The increasing population in urban areas has led to an upsurge in the demand for high-quality water for drinking and household purposes and this is expected to increase demand for the product.
Scope of the Report Global Diaphragm Pumps Market: Inquire before buying
Global Diaphragm Pumps Market, by Discharge Pressure
Global Diaphragm Pumps Market, by Operation
Global Diaphragm Pumps Market, by Mechanism
Global Diaphragm Pumps Market, by End-User
Global Diaphragm Pumps Market, by Application
Global Diaphragm Pumps Market, by Geography
Key Players in the Global Diaphragm Pumps Market
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