Diaphragm Pumps Market North America to hold the largest market size during the forecast period — Future Market Insights
The global diaphragm pump market is expected to be valued at US$ 4,870.0 Million in 2022, rising at a CAGR of 6.2 percent to US$ 8,867.0 Million by 2032. The increase in the development of various compact diaphragm pumps with relatively simple designs is attributed to the growth. The diaphragm pump market grew at a CAGR of 5.5 percent between 2016 and 2021.
Moreover, the operating cost of air operated double diaphragm pump is relatively higher as compared to that of conventional electric drive pumps, this is another factor that is expected to have an adverse impact on growth of diaphragm pumps market. Efficiency of larger diaphragm pumps is reported to be relatively lower. Furthermore, the problem of pulsation is also associated with diaphragm pumps, causing vibration in diaphragm pumps, thus limiting their application in certain areas.
Introduction of air operated double diaphragm pumps for transport of liquids containing large solids without utilization of electricity is expected to drive the growth of diaphragm pumps market. In many offshore drilling applications diaphragm pumps are well suited to transport toxic and corrosive fluids without leakage, this tend to promote growth of diaphragm pumps market during the forecast period.
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Diaphragm pumps mainly consist of a reciprocating diaphragm made up of rubber or other polymeric materials and check valves which control the incoming and outgoing fluid. Moreover, selection of a suitable diaphragm material according to the application is the most important factor for longer life of diaphragm pumps.
Developments in double diaphragm pumps have led to introduction of high speed and high pressure Air Operated Double Diaphragm (AODD) pumps in the market. These AODD pumps find applications in construction and chemical industries.
Diaphragm Pumps Market: Regional Outlook
Construction industry, especially in Asia Pacific region is expected to witness steady growth during the assessment period. This is thus expected to in turn drive the growth of diaphragm pumps market in Asia Pacific region. Increasing awareness about clean drinking water and increasing construction spending is expected to drive growth of diaphragm pumps market during forecast period. Anticipated steady growth in demand for oil and natural gas is expected to result in steady growth the market across developing regions of the globe.
Diaphragm Pumps Market: Key Participants
Some of the market participants identified across the value chain of the global diaphragm pumps market are:
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
Diaphragm Pumps Market: Segmentation
On the basis of end use industries, global Diaphragm pumps market can be segmented into:
On the basis of operation, global Diaphragm pumps market can be segmented into:
On the basis of Application, global Diaphragm pumps market can be segmented into:
On the basis of mechanism, global Diaphragm pumps market can be segmented into:
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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