Allied Market Research recently published a report, titled, “Diaphragm Pump Market by Mechanism, Operation, Discharge Pressure, End-User: Global Opportunity Analysis and Industry Forecast 2021–2030“. As per the report, the global diaphragm pump industry was accounted for $5.4 billion in 2020, and is expected to reach $9.3 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030.
Rise in crude production, surge in pharmaceuticals and food & beverages industries, and rapid expansion of water and wastewater infrastructure have boosted the growth of the global diaphragm pump market. However, availability of substitutes in the market hampers the market growth. On the contrary, growth of the automobile & aircraft industry and obligatory governing projects that need diaphragm pumps are expected to open new opportunities for the market players.
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By mechanism, the air operated segment held the largest share in 2020, accounting for more than three-fifths of the global diaphragm pump market, due to rise in demand for chemicals, paints, varnishes, solvents, adhesives, water, and sewage where high output pressure is required. However, the electrical operated segment is expected to register the highest CAGR of 5.9% during the forecast period, owing to demand from the food industry, chemical processing, surface conditioning, pulp industry, water treatment, and sewage treatment.
By operation, the double acting segment would showcase the highest CAGR of 5.7% from 2021 to 2030, due to rapid expansion of the pharmaceutical industry. However, the single acting segment held the largest share in 2020, contributing to around two-thirds of the global diaphragm pump market, owing to surge in demand for petrochemical and related products such as binders, resins, dyes, pigments, latex, acids, alkalis, petroleum products, and solvents across the globe.
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By region, the market across North America is expected to register the highest CAGR of 5.9% during the forecast period, due to surge in wastewater management activities. However, the global diaphragm pump market across Asia-Pacific held the largest share in 2020, accounting for more than one-third of the market, owing to rise population and urbanization in the region.
The global diaphragm pump market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Dover Corporation, Flowserve Corporation, GemmeCotti Srl, Graco Inc., Grundfos Holding A/S, IDEX Corporation, Ingersoll Rand, LEWA GmbH, Tapflo AB and Xylem.
The global diaphragm pump market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the diaphragm pump market growth.
Get detailed COVID-19 impact analysis on the Diaphragm Pump Market: https://www.alliedmarketresearch.com/request-for-customization/1574?reqfor=covid
Covid-19 scenario:
- The Covid-19 pandemic led to decrease in business activities, including demand for a broad variety of goods and services, disrupted the supply chain, weakened economic conditions, and created volatility in the financial and commodity markets.
- The manufacturing of diaphragm pumps was stopped during the pandemic to curb the spread of infection. This affected the supply chain and sale.
- The demand for oil & gas decreased during the pandemic, which negatively affected the market.
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