China Positive Displacement Pumps Market Size & Outlook
China positive displacement pumps market, 2018-2030 (US$M)
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China positive displacement pumps market highlights
- The China positive displacement pumps market generated a revenue of USD 3,037.8 million in 2023 and is expected to reach USD 4,444.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, rotary was the largest revenue generating type in 2023.
- Reciprocating is the most lucrative type segment registering the fastest growth during the forecast period.
Positive displacement pumps market data book summary
| Market revenue in 2023 | USD 3,037.8 million |
| Market revenue in 2030 | USD 4,444.4 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Rotary |
| Fastest growing segment | Reciprocating |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotary, Reciprocating |
| Key market players worldwide | Ingersoll Rand Inc, SPX FLOW, Alfa Laval AB, IDEX Corp, Grundfos, Schlumberger Ltd, Weir Group PLC, KSB SE & Co KGaA, Sulzer AG, Flowserve Corp, Dover Corp, NOV Inc |
Other key industry trends
- In terms of revenue, China accounted for 15.9% of the global positive displacement pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China positive displacement pumps market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,804.4 million by 2030.
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Positive Displacement Pumps Market Scope
Positive Displacement Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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China positive displacement pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to positive displacement pumps market will help companies and investors design strategic landscapes.
Rotary was the largest segment with a revenue share of 57.41% in 2023. Horizon Databook has segmented the China positive displacement pumps market based on rotary, reciprocating covering the revenue growth of each sub-segment from 2018 to 2030.
The PD pumps market in China is mainly driven by the growing usage of the product in the waste treatment and pharmaceutical sectors. Oil & gas was its largest application in 2016. However, the fluctuating crude oil prices and slight decline in the production of petrochemical products in the country are expected to be major challenges for the PD pumps market over the forecast period.
China is also experiencing extensive foreign investment in its pharmaceutical sector. Players operating in the sectors are trying to install new and improved equipment and pumps to enhance their production capacity.
PD pump manufacturers supplying their products to the pharmaceutical sector adhere to the hygiene standards stated by the government. The growing usage of different types of PD pumps in the sector is likely to benefit the overall PD pumps market in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China positive displacement pumps market , including forecasts for subscribers. This country databook contains high-level insights into China positive displacement pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China positive displacement pumps market size, by type, 2018-2030 (US$M)
China Positive Displacement Pumps Market Outlook Share, 2023 & 2030 (US$M)
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