London, 24 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Diaphragm Pump Market 2015-2019, which is expected to grow at a CAGR of 5.46 percent during the period 2014-2019.
Several end-users such as the Oil and Gas, Water, Food and Beverage, and Chemical industries are increasingly adopting diaphragm pumps because of their effective operating ability under varied operating conditions, including high viscosity, differential flow pressure, and high pressure. Moreover, increased demand for safe drinking water and stringent environmental regulations implemented by many EU countries to reduce gas emissions, have increased the demand for diaphragm pumps.
“Advanced digital pumps have the capability to detect flaws in the system such as cavitation and provide efficient solutions to process operational requirements,” says Faisal Ghaus, Vice President of TechNavio.
“The adoption of digital technology has increased the overall efficiency of diaphragm pumps. Moreover, digital pumping solutions are capable of accurately monitoring the flow and speed of fluids.”
Key Market Drivers
- Increased Demand for Safe Drinking Water
- Increased Demand from Developing Countries
- Stringent Environmental Regulations
- Refurbishment of Existing Plants
Key Market Trends
- Popularity of Digital Pumping Solutions
- Demand for Energy-efficient Pumps
- Increase in Number of New Products
- Increase in M&A
Key Market Vendors
- Dover Corp.
- Flowserve Corp.
- Grundfos Pumps Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
