Rotary Pumps Market Size To Reach $14.9 Billion By 2030

Rotary Pumps Market Growth & Trends

The global rotary pumps market size is anticipated to reach USD 14.9 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for fluid handling across diverse industries like oil & gas, chemicals, and wastewater treatment has emerged as the primary driving force behind the market growth. Rotary pumps are gaining prominence due to their versatility in managing a wide range of fluids with varying viscosities, making them a preferred choice. The market is significantly shaped by the expansion of end-use industries, such as oil & gas, food processing, and chemical processing industries.

In addition, for oil & gas and food processing industries, it is essential to control the process variables, such as discharge rate & pressure of the fluid. This kind of process control can be easily done with the help of rotary pumps, as they are known for their reliability, versatility, and ability to handle a wide range of fluids. In the oil & gas industry, the American Petroleum Institute (API) has set up standards for various equipment for their use in different industries, including pumps. API Standard 676 covers standards and guidelines for positive displacement rotary pumps. Furthermore, the Hydraulic Institute provides standards related to rotary pumps in the pump industry. It covers standards regarding pump design, testing, installation, and operation.

The market is highly competitive, with a majority of players continuously increasing their R&D expenditure. Key players also undertake other strategies including production expansion, mergers & acquisitions, and new product launches. A few established players benefited from a higher scale of production in terms of cost advantage. Manufacturers have been exploring opportunities to develop IoT-based digitalized pumps to control flow rates efficiently. They are designing new energy-efficient products to meet the growing demand for carbon-efficient products. Mature market players are using variable speed drives (VSDs) to further penetrate the market.

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Rotary Pumps Market Report Highlights

• The gear pump segment accounted for the largest share of 34.3% in 2023 owing to the characteristics of the pump that involve meshing of gears to generate pressure difference so that transfer of fluids can be done from one point to another

• The oil & gas segment accounted for the largest revenue share of 27.3% in 2023 as rotary pumps are effectively used in the oil & gas industry for tasks, such as moving crude oil from wellheads to storage tanks, facilitating transfers between storage tanks, and handling the loading & unloading processes involving tankers and pipelines

• Asia Pacific accounted for the largest share of 40.4% in 2023 due to growth in the agriculture and chemical & food processing industries. Furthermore, increased government expenditure in the water treatment and construction sector is expected to drive market growth

• Middle East & Africa accounted for the second-largest CAGR of 5.1% from 2024 to 2030 owing to the rising oil production in the well-developed oil & gas industry

• Atlas Copco AB expanded its product mix for rotary pumps by introducing new dry rotary vane vacuum pumps under its DVS Series in May 2023. This new product has product attributes, such as oil-free, low noise creation, and non-contamination of process, and is likely to reinforce the company's position in the rotary vane pump segment

Rotary Pumps Market Segmentation

Grand View Research has segmented the global rotary pumps market based on type, end-use, and region:

Rotary Pumps Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Gear Pump

• Screw Pump

• Vane Pump

• Lobe Pump

• Others

Rotary Pumps End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Agriculture

• Construction & Building Services

• Water & Wastewater

• Power Generation

• Oil & Gas

• Chemical

• Others

Rotary Pumps Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• MEA

  • UAE

  • Saudi Arabia

List of Key Players in Rotary Pumps Market

• Atlas Copco AB

• Dover Corporation

• Xylem Inc.

• Colfax Corporation

• IDEX Corporation

• Flowverse Corporation

• KSB SE & Co. KGaA

• HMS Group

• Pentair Ltd.

• SPX Flow

• Alfa Laval

• Gardner Denver Inc.

• ITT INC.

• Roper Technologies Inc.

• Schlumberger Ltd.