FactMR’s latest study on rotary pumps market projects bullish growth for rotary pumps market. The study finds a significant rise in adoption of rotary pumps in a wide range of industrial sectors including oil & gas, water & wastewater, mining, and power generation. On account of widening applications, the rotary pumps market is likely to witness 3.3% in 2018 to exceed US$ 4.4 billion. The report sheds light on the most important market dynamics to identify new avenues of growth for players in local as well as international markets for rotary pumps. This can help market players to make well-informed decisions in the coming future.
The rotary pumps market report highlights the following players:
- KSB SE & Co. KGaA
- Flowserve Corporation
- Dover Corporation
- Gardner Denver, Inc.
- Others
The rotary pumps market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
Small Capacity Rotary Pump Demand to Remain Significantly Higher than that for Medium Capacity Rotary Pumps
The Fact.MR study finds that the sales of rotary pumps with smaller capacities account for around 40% revenue share in the rotary pumps market in 2018. Leading rotary pump manufacturers and suppliers are focusing on identifying the exact requirements of end-user applications of rotary pumps. The specific needs for the capacity of rotary pumps mainly depend on the viscosity of the fluid that needs to be pumped. As rotary pumps are commonly used in applications where highly viscous fluids need to be handled, the demand for rotary pumps with smaller capacities is likely to remain high.
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The Fact.MR research study assesses growth of the rotary pumps market for the forecast period 2018-2028. According to the report, the rotary pumps market is likely to grow at a healthy value CAGR of around 3.9% through 2028. The report predicts that demand for smaller rotary pumps will continue to increase at a significantly higher rate in the upcoming years. Thereby, leading manufacturers in the rotary pumps market are focusing on making rotary pumps with capacities of around 500 gpm (gallons per minute) commercially available to cater to the growing demand.