250 Pages Reciprocating Pumps Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
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The report offers actionable and valuable market insights of Reciprocating Pumps. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Reciprocating Pumps Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Reciprocating Pumps market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Reciprocating Pumps
This newly published and insightful report sheds light on Market Insights of Reciprocating Pumps, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Reciprocating Pumps Market.
The reciprocating pumps market is segmented on the basis of type, flow rate, and end-use industry.
The key segments are further divided into sub-segments to provide better understanding of the reciprocating pumps market.
Reciprocating Pumps Market Report Scope
The report offers actionable and valuable insights on the reciprocating pumps market. The latest report by Fact.MR provides details on the present scenario of the reciprocating pumps market across various regions along with the historic data and forecast of the reciprocating pumps market.
The report also includes information on the sales and demand of reciprocating pumps across various industries and regions. Market dynamics including latest trends, challenges, growth opportunities, and drivers for is also provided in the reciprocating pumps market report.
Asia Pacific Largest Market for Reciprocating Pumps Market, followed by North America
The demand for reciprocating pumps is likely to grow significantly in the APEJ region, with total sales expected to surpass US$ 1,000 million by the end of 2018. China and India are among the most attractive markets for reciprocating pumps in APEJ.
Reciprocating pump sales in APEJ are likely to benefit from macroeconomic trends, notably growing investment in energy generation. The Government of India is adopting several policies to meet the increasing demand for oil and gas in the country. The gas pipeline infrastructure is also growing with the rise in manufacturing units and facilities in India. With the government allowing 100% FDI in natural gas, refineries, and petroleum products, foreign investors have started investing in refineries and petrochemicals projects in India.
Macroeconomic trends are also impacting market growth in the Americas. The growing demand from offshore and onshore fields in the Gulf of Mexico is creating opportunities for reciprocating pump industry. Moreover, growing emphasis on developing unconventional resources in the US and Canada is driving the demand for oil and gas pumps including reciprocating pumps in North America.
The demand for plunger pumps is increasing in oilfield applications, especially, in petroleum transfer operations, in secondary and tertiary injection wells, and at refineries.
Growth in Chemicals Industry Accelerating Demand for Diaphragm Pumps
According to Fact.MR’s analysis, demand for diaphragm pumps are likely to remain the preferred choice among end-users owing to their enhanced features, such as flexibility and isolation of the fluid chamber. Fact.MR estimates global sales of diaphragm pumps to surpass 2,000,000 units by the end of 2018. Increasing production of aggressive chemicals is resulting in the surging demand for Air Operated Double Diaphragm (AODD) pumps.
Electric double diaphragm pump combining energy-saving benefits of electric device with the diaphragm pump technology has also been introduced for chemical pumping application. Large adoption of this technology is expected in the chemical sector in the near future as it helps in reducing operating cost and energy consumption.
The reciprocating pumps across industries are used and run at a very low speed as compared to the centrifugal pumps. The biggest reason is to protect and increase packing and sealing life of the machine. Manufacturers in various industries use reciprocating pumps with the flow rate of up to 100 m³/h thereby improving reliability and increasing plunger life.
The overall outlook of the reciprocating pumps market is anticipated to be positive. The demand for reciprocating pumps is expected to expand at a 5.6% CAGR in terms of value throughout the forecast period, 2018-2027.
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More Valuable Insights on Reciprocating Pumps Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Reciprocating Pumps, Sales and Demand of Reciprocating Pumps, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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