Dublin, Jan. 06, 2025 (GLOBE NEWSWIRE) — The “Reciprocating Pumps – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Reciprocating Pumps was estimated at US$8.4 Billion in 2023 and is projected to reach US$11.4 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030.
The growth in the reciprocating pump market is driven by several factors, including rising demand for high-pressure pumping solutions, advancements in pump technology, and the increasing focus on energy efficiency in industrial operations. As industries such as oil and gas, petrochemicals, and water treatment continue to expand, the need for reliable and high-pressure fluid handling solutions grows, pushing the adoption of reciprocating pumps.
In the oil and gas sector, specifically, the ongoing exploration of unconventional oil reserves and the increasing use of hydraulic fracturing techniques have created a surge in demand for pumps that can handle the extreme pressures and harsh environments associated with these processes. Technological advancements are also playing a significant role in driving market growth, with innovations in materials and sealing technologies enhancing the durability and lifespan of reciprocating pumps.
Automation and the incorporation of smart monitoring systems are becoming increasingly common, providing real-time data that helps operators optimize pump performance and reduce energy consumption, which aligns with the growing trend toward sustainability in industrial practices. Additionally, stricter regulations around water management and environmental compliance are boosting the use of reciprocating pumps in water treatment and desalination plants, where precision and pressure control are crucial. As industries evolve and require more efficient and reliable pumping systems, the reciprocating pump market is expected to continue its upward trajectory.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Direct Reciprocating Pumps segment, which is expected to reach US$7.1 Billion by 2030 with a CAGR of a 4.9%. The Single Reciprocating Pumps segment is also set to grow at 3.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.3 Billion in 2023, and China, forecasted to grow at an impressive 7.6% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Reciprocating Pumps Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Reciprocating Pumps Market such as Aovite, Atlas copco, Atos, Cat pump, CNPC Equip and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 17 companies featured in this Global Reciprocating Pumps market report include:
- Aovite
- Atlas copco
- Atos
- Cat pump
- CNPC Equip
- Eaton
- Flowserve Corporation
- Gardner Denver
- Graco
- Grundfos
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 83 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $8.4 Billion |
| Forecasted Market Value (USD) by 2030 | $11.4 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Reciprocating Pumps – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Demand for Efficient Fluid Transfer Solutions Propels Growth in the Reciprocating Pumps Market
- Increasing Use of Reciprocating Pumps in Oil & Gas Exploration Expands Addressable Market for High-Pressure Pumping Solutions
- Advances in Pump Design and Material Technologies Drive Innovation in Durable and Corrosion-Resistant Reciprocating Pumps
- Surge in Industrialization and Infrastructure Development Here`s How It Spurs Growth in Heavy-Duty Reciprocating Pumps
- Increasing Adoption of Reciprocating Pumps in Chemical Processing Expands Market for High-Precision Fluid Handling Solutions
- Growing Use of Reciprocating Pumps in Water Treatment Plants Fuels Demand for Reliable and High-Capacity Pumps
- Surge in Demand for High-Pressure Pumps in Power Generation Fuels Growth in Reciprocating Pump Applications
- Increasing Use of Reciprocating Pumps in Food & Beverage Processing Strengthens Demand for Sanitary and Food-Grade Pumps
- Advances in Multi-Stage Pump Technologies Propel Growth in Reciprocating Pumps for High-Pressure and Multi-Fluid Applications
- Growing Adoption of Reciprocating Pumps in Mining and Slurry Transport Expands Market for Heavy-Duty Applications
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/88gs0o
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
- Reciprocating Pumps Market
