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(MoneyNewsWire.Net, September 18, 2019 ) As per the latest report by IMARC Group, titled “Rotary Pump Market Research Report and Forecast 2019-2024”, the global rotary pump market size reached US$ 4.8 Billion in 2018. A rotary pump, also known as rotatory vane vacuum pump, is a valve-less pump that transfers a definite volume of a liquid or gas by the rotating action of its components. It has small clearances in the stationary and rotating parts, which minimize leakages and assist in operating at a low speed. It also has the self-priming ability that enables the pumping of liquids and gases without any loss of suction. At present, leading players in the industry are incorporating technologically advanced features in rotary pumps for transporting harmful chemicals without negatively impacting the environment.
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Global Rotary Pump Market Trends:
As rotary pumps are compact, offer high-viscosity performance and have the potential to handle high differential pressure, they are gradually gaining traction around the world. Consequently, they are utilized in industries such as marine, chemical, pharmaceutical and biotechnology. Furthermore, owing to the increasing penetration of the Internet of Things (IoT), leading companies in the industry are launching affordable and efficient rotary pumps which are integrated with next-generation technologies for automating different processes. They are also partaking in merger and acquisition (M&A) activities to expand their product portfolio. For instance, Dover Corporation, based in the United States, acquired All-Flo, a manufacturer of specialty air-operated double-diaphragm (AODD) pumps. It is now a part of the Pump Solutions Group (PSG) unit within Dover’s Fluids segment. Looking forward, the market value is projected to reach US$ 5.8 Billion by 2024, expanding at a CAGR of around 3% during 2019-2024.
Explore full report with table of contents: https://www.imarcgroup.com/rotary-pump-market
Market Summary:
Market Breakup by Type:
Based on the type, the market has been divided into vane, screw, lobe, gear, progressive cavity (PC) and others.
Market Breakup by Operating Capacity:
On the basis of the operating capacity, the market has been segregated into small (up to 500 GPM), medium (500-1000 GPM) and high (more than 1000 GPM).
Market Breakup by Pump Characteristic:
The market has been analyzed on the basis of the pump characteristics into standard, engineered and special purpose pumps.
Market Breakup by Raw Material:
Based on the raw materials, the market has been classified into bronze, cast iron, polycarbonate, stainless steel and others.
Market Breakup by Region:
Region-wise, the market has been divided into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa.
Competitive Landscape:
The competitive landscape of the market has been examined with some of the key players being Dover Corporation, SPX Flow, Inc., Xylem Inc., Colfax Corporation, IDEX Corporation, Busch Systems International Inc., Gardner Denver, Inc., Atlas Copco AB, Pfeiffer Vacuum GmbH and ULVAC Technologies, Inc.
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