Fact.MR’s latest study on rotary pumps market projects bullish growth for the 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.
Incorporation of technologies will remain one the most important force to drive innovation in the rotary pumps market.
Though rotary pumps, especially screw pumps, are more advantageous in oil & gas applications, volatility of oil prices and growth of the industry may hamper growth of the market.
Small Capacity Rotary Pump Demand to Remain Significantly Higher than that for Medium Capacity Rotary Pumps.
The 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.
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 are focusing on making rotary pumps with capacities of around 500 gpm (gallons per minute) commercially available to cater to the growing demand.
