Market Size of Rotary Pumps Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.40 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Rotary Pumps Market Analysis
The Global Rotary Pump market is expected to grow at a CAGR of 5.4% over the forecast period. According to the International Journal of Innovative Research in Science, Engineering, and Technology, pumps consume nearly 20% of the global energy demand. The increasing need for energy systems that are easy to operate and fuse with other newer technologies across industries is driving the rotary pump market.
- Due to their capacity to pump gases and liquids without experiencing head loss, rotary pumps have long been in great demand. This makes them the preferred option for industries searching for long-lasting pumps with minimal costs. The need for a pump that can operate effectively under high differential pressure and pump high-viscosity fluids through compact designs has been growing as industrial processes progress.
- The COVID-19 pandemic affected nearly every international industry, and the pump industry was particularly hit hard. The government implemented lockdowns in numerous nations around the world. Lockdown prompted the pump industry to cease operations. In the post-pandemic period, the situation is deteriorating, and the pandemic's effects are being felt increasingly in several end-user industries, including waste management, paper and pulp, and others.
- The Internet of Things (IoT) and Industry 4.0 are two examples of cutting-edge technologies that are quickly taking over the field of industrial automation. Pump producers are looking for ways to profit from the growing dominance of cutting-edge technologies in industrial sectors by introducing highly efficient and affordable pumps.
- Increased smart manufacturing facilities with pumps networked to the cloud are anticipated to supply vital information like the machine status. Thus, introducing novel designs of smart rotary pumps and strengthening one's position as a one-stop solution provider in the rotary pumps market is projected to emerge as a prominent market trend in the following years.
- For instance, Sensata Technologies announced the release of a new asset monitoring solution in May 2022. This solution enables predictive maintenance for rotating assets and provides plant managers with useful data. The sensors are made to be simple to retrofit into a variety of rotary pumps that are already in use. Data from the sensor is examined at the edge for anomalies using powerful AI-driven algorithms for rotary assets by Nanoprecise and then sent to the Sensata IQ cloud-based platform for additional analysis.
- Additionally, the market for rotary pumps is expected to be driven by the use of modern technologies in agriculture to increase total factor productivity in order to meet the growing demand for agricultural products. Furthermore, the market for rotary pumps is anticipated to be driven by rising disposable incomes and an increase in the demand for process manufacturing due to rising standards.
- However, the market expansion may be hampered by the growing cost of raw materials, which is anticipated to raise the price of rotary pumps. As the oil and gas business continues to decline, manufacturers in the rotary pump market will likely shift their attention to seizing sales opportunities in other application areas.
Rotary Pumps Industry Segmentation
A rotary pump is a positive displacement pump and a common vacuum pump available in various types, such as vanes, screws, lobes, and gears. Rotary pumps can handle high pressure and viscosity and facilitate flow despite the differential pressure and compact design. They have many applications across industries for lubrication, such as processing equipment, wind turbines, and hydraulic fracturing trucks.
The Rotary Pumps Market is Segmented By Type (Vane, Gear, Screw, Lobe, Progressive Cavity), End-user Vertical (Oil and Gas, Power Generation, Chemical and Petrochemical, Food and Beverage, Water and Wastewater Management, Pharmaceutical, Other End-User Verticals), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
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Rotary Pumps Market Size Summary
The rotary pump market is poised for significant growth, driven by the increasing demand for energy-efficient and technologically advanced pumping solutions across various industries. Rotary pumps are favored for their ability to handle gases and liquids with minimal head loss, making them ideal for applications requiring durability and cost-effectiveness. The integration of IoT and Industry 4.0 technologies is transforming industrial automation, prompting pump manufacturers to develop smart rotary pumps that offer predictive maintenance and real-time data analytics. This trend is expected to enhance the operational efficiency of pumps and strengthen their market position as comprehensive solution providers. The market is also witnessing a surge in demand from sectors such as agriculture, wastewater management, and specialty chemicals, fueled by rising disposable incomes and the need for efficient process manufacturing.
The Asia-Pacific region is anticipated to dominate the global rotary pump market due to its burgeoning industrialization and infrastructural developments. Countries like China and India are emerging as key players, with China leading in rotary lobe pump manufacturing and India capitalizing on cost-effective production strategies. The region's increasing electricity consumption and focus on renewable energy sources are further propelling the demand for rotary pumps. However, the market faces challenges such as rising raw material costs and the decline of the oil and gas industry, which may shift focus to other application areas. Despite these challenges, the market remains moderately fragmented, offering opportunities for innovation and competitive pricing strategies among leading companies like Dover Corporation, Xylem Inc., and Colfax Corporation.
Rotary Pumps Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Focus on Waste-Water Management Systems in most Developing Countries
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1.2.2 Focus on Retrofitting of Existing Energy-Efficient Pumps
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1.3 Industry Value Chain Analysis
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1.4 Industry Attractiveness Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 North America
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2.1.1 By Type
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2.1.1.1 Vane
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2.1.1.2 Screw
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2.1.1.3 Progressive Cavity (PC)
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2.1.1.4 Lobe
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2.1.1.5 Gear
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2.1.2 By End-user Vertical
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2.1.2.1 Oil and Gas
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2.1.2.2 Power Generation
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2.1.2.3 Chemical and Petrochemical
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2.1.2.4 Food and Beverage
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2.1.2.5 Water and Wastewater
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2.1.2.6 Pharmaceutical
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2.1.2.7 Other End-user Verticals
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2.1.3 By Country
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2.1.3.1 United States
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2.1.3.2 Canada
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2.2 Europe
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2.2.1 By Type
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2.2.1.1 Vane
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2.2.1.2 Screw
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2.2.1.3 Progressive Cavity (PC)
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2.2.1.4 Lobe
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2.2.1.5 Gear
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2.2.2 By End-user Vertical
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2.2.2.1 Oil and Gas
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2.2.2.2 Power Generation
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2.2.2.3 Chemical and Petrochemical
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2.2.2.4 Food and Beverage
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2.2.2.5 Water and Wastewater
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2.2.2.6 Pharmaceutical
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2.2.2.7 Other End-user Verticals
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2.2.3 By Country
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Rest of Europe
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2.3 Asia-Pacific
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2.3.1 By Type
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2.3.1.1 Vane
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2.3.1.2 Screw
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2.3.1.3 Progressive Cavity (PC)
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2.3.1.4 Lobe
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2.3.1.5 Gear
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2.3.2 By End-user Vertical
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2.3.2.1 Oil and Gas
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2.3.2.2 Power Generation
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2.3.2.3 Chemical and Petrochemical
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2.3.2.4 Food and Beverage
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2.3.2.5 Water and Wastewater
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2.3.2.6 Pharmaceutical
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2.3.2.7 Others End-user Verticals
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2.3.3 By Country
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Rest of Asia-Pacific
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2.4 Latin America
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2.4.1 By Type
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2.4.1.1 Vane
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2.4.1.2 Screw
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2.4.1.3 Progressive Cavity (PC)
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2.4.1.4 Lobe
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2.4.1.5 Gear
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2.4.2 By End-user Vertical
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2.4.2.1 Oil and Gas
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2.4.2.2 Power Generation
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2.4.2.3 Chemical and Petrochemical
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2.4.2.4 Food and Beverage
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2.4.2.5 Water and Wastewater
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2.4.2.6 Pharmaceutical
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2.4.2.7 Other End-user Verticals
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2.4.3 By Country
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2.4.3.1 Brazil
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2.4.3.2 Mexico
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2.4.3.3 Argentina
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2.4.3.4 Rest of Latin America
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2.5 Middle East and Africa
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2.5.1 By Type
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2.5.1.1 Vane
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2.5.1.2 Screw
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2.5.1.3 Progressive Cavity (PC)
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2.5.1.4 Lobe
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2.5.1.5 Gear
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2.5.2 By End-user Vertical
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2.5.2.1 Oil and Gas
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2.5.2.2 Power Generation
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2.5.2.3 Chemical and Petrochemical
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2.5.2.4 Food and Beverage
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2.5.2.5 Water and Wastewater
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2.5.2.6 Pharmaceutical
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2.5.2.7 Other End-user Verticals
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2.5.3 By Country
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2.5.3.1 United Arab Emirates
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2.5.3.2 Saudi Arabia
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2.5.3.3 South Africa
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2.5.3.4 Rest of Middle East & Africa
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Rotary Pumps Market Size FAQs
What is the current Rotary Pumps Market size?
The Rotary Pumps Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Rotary Pumps Market?
Atlas Copco AB, Dover Corporation, Xylem Inc., Colfax Corporation and IDEX Corporation are the major companies operating in the Rotary Pumps Market.
