Report Ocean conducted research on the global Diaphragm Pump market, some important discoveries were made. First, the market is expanding steadily, and over the coming years, demand is expected to rise. Second, there is a lot of market competition, yet only a few major businesses control the sector. Last but not least, there are numerous chances for market innovation and improvement, notably in terms of product offerings and marketing tactics.
The global diaphragm pump market size was US$ 5.71 billion in 2021. The global diaphragm pump market size is forecast to reach US$ 9.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.
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Diaphragm pumps are among the most widely used pumps in the field of positive displacement pumps. In addition, diaphragm pumps combine the reciprocating action of the diaphragm made of thermoplastic, Teflon, or rubber with valves (flap valves, globe valves, check valves, butterfly valves, or any other type of the valve) on either side of the diaphragm to pump fluids. Many factories use diaphragm pumps as they are able to handle a variety of fluids. The diaphragm pumps are also known for their ability to move high viscosity and solid-containing liquids as well as high viscosity liquids.
Factors Influencing Market Growth
Pharmaceutical, oil & gas, food & beverage, and other industries use diaphragm pumps extensively. Additionally, the growing demand for medicines, gasoline, and other food products across the globe may act as a primary driver for the global market.
The high demand for diaphragm pumps in government projects may also represent an opportunity for the global diaphragm pumps market.
The proliferation of alternative solutions to conventional pumps, such as solar pumps, may slow down the overall market growth during the forecast period.
The Diaphragm Pump Market is forecast to grow due to the introduction of air-operated double diaphragm pumps for transporting liquids containing solids without relying on electricity.
Impact Analysis of COVID-19
COVID-19 has curtailed the global movement of people, goods, and services, including most regions that manufacture diaphragm pumps. In an effort to contain the spread of COVID-19, several state, local, and federal governments have imposed various restrictions on business and travel, such as stay-at-home orders, which have slowed or closed a significant number of companies. Due to the high peak of the COVID-19 situation, the manufacturing of diaphragm pumps ceased for a specific period. It resulted in a significant impact on the diaphragm pump’s sales. The sale of diaphragm pumps is directly related to the demand for oil and gas. The oil and gas industries have been adversely affected by the COVID-19 outbreak and saw severe declines in crude prices in 2020. Thus, the COVID-19 pandemic negatively impacted the global market growth.
Regional Insights
The Asia Pacific region held dominance in the global diaphragm pump market in 2021 and is forecast to continue growing rapidly during the forecast period. There are several leading countries that are likely to influence both the global and regional markets during the forecast period, including China, India, and Japan. A growing population and foreign direct investments coupled with rapid urbanization propel the market growth in the APAC region. In addition, the growing pharmaceutical and chemical industries are boosting the market’s growth.
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Leading Competitors
The leading prominent companies profiled in the global diaphragm pump market are:
Dover Corporation
Flowserve Corporation
GemmeCotti Srl
Graco Incorporated
Grundfos Holding A/S
IDEX Corporation
Ingersoll Rand
LEWA GmbH
Tapflo AB
Xylem
Other Prominent Players
Scope of the Report
The global diaphragm pump market segmentation focuses on Mechanism, Operation, Discharge pressure, End-User, and Region.
Segmentation based on Mechanism
Air-operated
Electrical-operated
Segmentation based on Operation
Single-acting
Double-acting
Segmentation based on Discharge pressure
Up to 80 bars
80 to 200 bars
Above 200 bars
Segmentation based on End-User
Water & Wastewater
Oil & gas
Chemicals & Petrochemicals
Pharmaceuticals
Food & Beverage
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
?The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
?The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
?Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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