Reciprocating Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Reciprocating Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description


Reciprocating pump is a type of positive displacement pump, which utilizes a plunger or piston to change a cavity's volume, and produces a pressure differential. Positive displacement (PD) pumps are the ones that displace or disperse fluids at a constant rate and volume. PD pumps function by entrapping a fixed amount of fluid and then dispersing it into the outlet. These pumps are majorly used due of their ability to handle pressure changes and exhibit high performance in dealing with fluids with high viscosities.

Reciprocating pump is one of the oldest and most common types of pumps. Reciprocating pump is generally used for low flow and high head applications. These pumps are employed in most abrasive and corrosive applications. Reciprocating pumps operate at higher efficiency as compared to other pump designs. In most cases, reciprocating pumps operate at around 90% of efficiency at any set point. Reciprocating pumps generally have a short lifespan. They require high maintenance as many parts in these pumps change directions constantly. Other pumps such as centrifugal pumps can last for at least 15 years to 20 years with little maintenance, while reciprocating pumps require higher level of attention. They also need rebuilding several times within the same timeframe. These are some of the key drawbacks associated with reciprocating pumps.

The reciprocating pump market has been characterized by long term tie-ups between prominent players operating in the market. Reciprocating Pump Market trend is particularly prevalent in the oil & gas industry, wherein oil & gas multinational companies are entering into in long-term tie-ups with positive displacement pump companies across the globe. For instance, the U.S.-based Weir Group PLC entered into a long-term tie-up with Canyon Services Group, a Canada-based oil & gas company, after the latter recognized its operating milestone of 1000 hours of pumping time. Association of positive displacement pump companies with EPC and project management consulting firms for large scale oil & gas projects is another trend in the Reciprocating Pump Market. EPC and project management consulting firms play a vital role in implementing turnkey projects related to energy (oil & gas) and utilities. In this scenario, manufacturers of positive displacement pumps form associations with EPC and project management consulting firms to enlist themselves as preferred product vendors for such turnkey projects.

Depending upon the action, i.e. how the fluid is pumped, Reciprocating Pump Market can be classified into single, dual, and direct reciprocating pump market. Direct acting reciprocating pumps are the most common types of pumps. The design of these pumps is such that the pump rod is a direct extension of the piston rod, wherein the lower end is directly connected to the piston in the cylinder.

Based on end-use, Reciprocating Pump Market can be segmented into oil & gas, chemical, pharmaceutical, water treatment, and others. Reciprocating Pump Market are widely employed in oil & gas and refining industries for the transfer of crude oil and gas as well as intermediates. Reciprocating pumps are used in this industry where operating load ranges from moderate to high capacities. Operations such as hydraulic fracturing, drilling, oil and gas well cementing, and matrix treatments serve as end-use applications of reciprocating pumps market. The rejuvenated oil & gas sector with increasing exploration activities all over the globe is estimated to be the major end-use segment of the reciprocating pump market.

Asia Pacific dominates the reciprocating pump market in terms of demand owing to the rapid growth potential in different end-uses such as power, wastewater, mining, and chemical industries. Rise in population and increase in urbanization in the region have propelled the demand for oil and gas, electricity, and chemicals in emerging economies such as India, Indonesia, and China. Increase in urbanization has led to a rise in construction activities. This has boosted the consumption of chemicals, thereby driving the demand for reciprocating pump Market in the region. North America is expected to experience an increase in demand for reciprocating pumps in the near future due to the rise in number of projects in the oil & gas sector.

Key players operating in global reciprocating pump market include Flowserve Corporation, Grundfos, ITT, KSB, and Sulzer. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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