Global Reciprocating Pumps Market Size (2024 - 2029)

The Global Reciprocating Pumps Market is anticipated to experience growth driven by the expansion of key end-user industries such as oil & gas, water treatment, and chemical processing. The market's size is influenced by the increasing demand for wastewater treatment solutions, which require efficient pumping of sewage and sludges. Despite challenges like non-uniform liquid flow and high maintenance costs, the market is expected to recover and grow as conditions normalize post-pandemic.

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Market Size of Global Reciprocating Pumps Industry

reciprocating pumps market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.10 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Global Reciprocating Pumps Market Major Players

*Disclaimer: Major Players sorted in no particular order

Reciprocating Pumps Market Analysis

The Global Reciprocating Pump market is expected to grow by registering a CAGR of 6.1% during the forecast period (2022 - 2027). The growth of most end-user industries of reciprocating pumps, including oil & gas, water treatment, and chemical processing, is driving the studied market's growth.

  • A reciprocating pump at its core is a hydraulic machine that converts mechanical energy into hydraulic energy. These pumps use a piston moving back and forth in a cylinder. Additionally, these pumps have been in use for a long time, primarily for high-pressure and low-volume applications.
  • In the wastewater treatment industry, reciprocating pumps are used where it is required to deal with a large quantity of sewage and sludges to be pumped against low heads. The increasing investment in wastewater treatment across various regions is expected to drive the demand for reciprocating pumps. For instance, according to Eurostat, wastewater treatment and waste management accounted for 23% and 28% of total expenditure in the general government and non-profit sector in 2021.
  • Similarly, in November 2021, the United States Government announced USD 550 million in new spending, of which USD 55 million was allocated to fund the development of wastewater, drinking water, and stormwater infrastructure.
  • However, factors such as non-uniform flow of liquid, high initial cost, and increased maintenance cost due to higher degree of wear and tear are challenging the growth of the studied market.
  • The outbreak of the COVID-19 pandemic had a significant impact on the studied market owing to the destruction of activities across the major end-user industries. For instance, in the United States, several guidelines regarding the safety of the workers were issued by OSHA that restricted the use of manpower at any specific site at a single time. However, with the conditions returning towards normalcy, the market is expected to witness pre-pandemic level growth during the forecast period.

Reciprocating Pumps Industry Segmentation

Reciprocating pumps are mechanical devices that operate on the principle of pushing liquid by a piston. These pumps transport both abrasive and clean fluid across various industrial applications. The report offers a comprehensive analysis of the reciprocating pumps market based on segmentation by type, operating mechanism, end-user industry, and geography.

By Type
Piston
Plunger
Diaphragm
By Mechnism
Up to 100 m3/h
100-300 m3/h
300-800 m3/h
Above 800 m3/h
By End-User
Oil & Gas
Water & Waste Water
Mining
Chemical
Food & Beverages
Pulp & Paper
Others
By Geography
North America
Asia Pacific
Europe
Latin America
Middle-East and Africa
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Global Reciprocating Pumps Market Size Summary

The global reciprocating pumps market is poised for significant growth, driven by the expanding demand in key end-user industries such as oil and gas, water treatment, and chemical processing. These pumps, known for their ability to convert mechanical energy into hydraulic energy through a piston mechanism, are essential for high-pressure and low-volume applications. The increasing investment in wastewater treatment infrastructure, particularly in regions like Asia Pacific, is expected to bolster market demand. Additionally, the oil and gas sector's need for high-pressure fluid handling in extraction and transportation processes further propels the market, as companies invest in modernizing their operations to meet the rising demand for petroleum-based products.

Despite the promising growth trajectory, the market faces challenges such as non-uniform liquid flow, high initial costs, and increased maintenance expenses due to wear and tear. The COVID-19 pandemic temporarily disrupted market activities, but recovery is anticipated as conditions normalize. The market is moderately competitive, with numerous players focusing on innovation and strategic mergers to enhance their market position. Companies like DMW Corporation, Flowserve Corporation, and PSG Dover are key players, actively developing new products to meet diverse industry needs. Recent product launches, such as Jereh's JR7000QP Plunger Pump and Alfa Laval's DuraCirc Circumferential Piston Pump, highlight the ongoing advancements in pump technology, aimed at improving efficiency and simplifying design.

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Global Reciprocating Pumps Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Piston

      2. 2.1.2 Plunger

      3. 2.1.3 Diaphragm

    2. 2.2 By Mechnism

      1. 2.2.1 Up to 100 m3/h

      2. 2.2.2 100-300 m3/h

      3. 2.2.3 300-800 m3/h

      4. 2.2.4 Above 800 m3/h

    3. 2.3 By End-User

      1. 2.3.1 Oil & Gas

      2. 2.3.2 Water & Waste Water

      3. 2.3.3 Mining

      4. 2.3.4 Chemical

      5. 2.3.5 Food & Beverages

      6. 2.3.6 Pulp & Paper

      7. 2.3.7 Others

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Asia Pacific

      3. 2.4.3 Europe

      4. 2.4.4 Latin America

      5. 2.4.5 Middle-East and Africa

Global Reciprocating Pumps Market Size FAQs

The Global Reciprocating Pumps Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

DMW Corporation, Flowserve Corporation, Peroni Pompe Spa, Ram Pumps Ltd. and PSG Dover are the major companies operating in the Global Reciprocating Pumps Market.

Global Reciprocating Pumps Report Snapshots

Global Reciprocating Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)