Market Research Future (MRFR) estimates the surge in the double diaphragm pumps market 2020 value to be at a rate of 5.2% between 2016 and 2023, which is the evaluation period.
Primary Drivers and Top Deterrents
Double diaphragm pumps find widespread use in high-pressure applications in industrial, commercial and scientific fields. Increasing investments in the water & wastewater industry combined with the rampant demand for double diaphragm pumps in the chemicals sector is believed to be some of the top growth boosters in the market. Applications of double diaphragm pumps are increasing significantly in power generation and pharmaceutical industries across the globe. It is safe to assume that the surging investments in the mentioned sectors can lead to emergence of promising opportunities for the double diaphragm pumps market in the following years.
The double diaphragm pumps industry is constantly subjected to advancements and innovations, which include air operated pumps that are used in the transportation of liquids with no need for electricity. High-speed and high pressure air-operated double diaphragm pumps have gained high traction in the market, with increasing use in construction and chemical industries.
Fast progression of the global infrastructure sector and the rising investments in pharmaceutical as well as cosmetics are additional factors inducing market growth for double diaphragm pumps. Food and beverage has emerged as one of the most prominent end-users in the market, with growing applications in dairy, poultry, and more.
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Top segments analyzed while studying the double diaphragm pumps market are operation, discharge pressure, and end-user.
The regions where the double diaphragm pumps market is projected to display growth at varying rates include APAC or Asia Pacific, the Middle East & Africa or MEA, North America, South America as well as Europe.
Over the next several years, the APAC market can gather the highest momentum, in line with the rising industrialization and the surge in infrastructural advancements. India and China are estimated to be the biggest markets for double diaphragm pumps in the region. MRFR also touts APAC to be the fastest progressing market in the coming years, thanks to the massive investments being made in the water & wastewater industry and the rising awareness about hygienic drinking water. Heavy investments that are made in the infrastructural activities also ensure relentless market growth in the region.
In North America, the massive pool of celebrated vendors and the growing number of mergers between them has been a notable reason behind the market growth. To cite a reference, in May 2019, Dover Corporation (U.S) acquired All Flo Pump Company, which not only helped the former earn substantial revenue, but also boosted the market growth in the region.
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Prominent competitors that are striving to procure a better position in the market for double diaphragm pumps market include
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