Global Mechanical Pump Market Size By Type (Positive Displacement, Centrifugal Pump), By Application (Oil and Gas, Construction, Chemicals, Power Generation, Water and Wastewater), By Geographic Scope And Forecast

Mechanical Pump Market Size And Forecast

Mechanical Pump Market size was valued at USD 55.99 Billion in 2023 and is projected to reach USD 88.80 Billion by 2030, growing at a CAGR of 5.83% from 2024 to 2030.

Mechanical pumps are categorized based on their operation, but mechanical pumps work on the same principle of consuming energy and moving fluid via mechanical action. Mechanical pumps are used in many industries, like coal, fertilizers, oil & gas, refinery products, steel, cement, and electrical. Increasing adoption of mechanical pumps in the sectors is the factor driving the market growth of the Mechanical Pump Market. The Global Mechanical Pump Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Mechanical Pump Market Definition

Mechanical pumps use mechanical devices such as pistons, claws, rolls, and diaphragms to create a vacuum by acting on the viscous properties of the exhausted gas or liquid. Mechanical vacuum pumps and their respective lubricants must be compatible with moving or containing fluids to prevent wear and corrosion and ensure safe and clean operation. Since most pumps pump different gases at different speeds, the type and consistency of the gas supply also affect the pump’s performance. The types of mechanical pumps are grouped by the technology or mechanism used.

Centrifugal pumps use velocity and momentum to move liquids according to kinetic/dynamic principles. Centrifugal pumps use fans and impellers that generate fluid rates by centrifugal force. The pumping speed of these pumps depends on the characteristics of the liquid being pumped. Most mechanical vacuum pumps operate on a positive displacement principle in which the fluid is mechanically pushed into a fixed capacity chamber. Positive displacement vacuum pumps have the same pump speed for all gases. Linear pump technology uses the stroke of sliding piston compression.

It is generated by electromagnetic vibration and is clean and quiet. A piston pump is a conventional positive displacement pump that uses a piston to replace the air in the cylinder and move the fluid to create a vacuum. Dry piston pumps are faster than diaphragm pumps and are used when a clean vacuum is required when working near the final cavity. These are ideal as backing pumps for molecular turbopumps, analytical applications, and leak detectors. They are not suitable for carrying corrosive or abrasive media.

Global Mechanical Pump Market Overview

The minerals extracted from mines are widely used across chemicals and petrochemicals, power generation, healthcare and pharmaceuticals, manufacturing, and construction sectors, driving the market growth. Mechanical pumps are categorized based on their operation, but mechanical pumps work on the same principle of consuming energy and moving fluid via mechanical action. However, due to Covid 19, revenue has declined under containment measures worldwide. In the mining industries, vast amounts of water are needed to transport the ore and waste in the slurry, separate minerals by chemical processes, dedusting during ore processing, cooling systems around the machine.

Power generation and dewatering in mines and mechanical pumps play an essential role in these applications. In addition, the demand for minerals is increasing sustainably with increasing urbanization and industrialization and growing energy demand, which are the factors boosting the market growth of the Mechanical Pump Market. These pumps are majorly used in industrial and civil fields water pump properties. They are also widely used in agriculture, municipal sewage and wastewater treatment plant, power generation vegetable, petroleum and chemical industries.

These pumps offer various advantages, like ease of use, consistent delivery, the ability to be installed horizontally or vertically, and low maintenance costs. In recent months, demand for those pumps has been temporarily restricted due to businesses closing worldwide. The opportunities for the Mechanical Pump Market are the key players are focusing on quality and a low-cost proposition. Due to this, the global market builds a stronger brand and expands market reach in new geographies. The growing usage of the Internet of Things, which allows mechanical pumps to monitor, analyze, and boost productivity, are the factors propelling the market growth of the Mechanical Pump Market.

Global Mechanical Pump MarketSegmentation Analysis

The Global Mechanical Pump Market is segmented on the basis of Type, Application, And Geography.

Mechanical Pump Market, By Type

• Positive Displacement
• Centrifugal Pump

Based on Type, The market is segmented into Positive Displacement and Centrifugal Pump. The Centrifugal Pump segment holds a large number of shares in the market because of increasing urbanization in emerging economies, coupled with growing demand for water treatment plants are encouraging the adoption of Centrifugal Pumps in the market. A Centrifugal Pump moves fluid by transferring rotational energy from one or more driving rotors. It converts the rotational energy of the fluid into energy in the moving fluid. These pumps are suitable for fluids with higher flow rates and lower viscosity. Therefore, Centrifugal Pumps are preferred over positive displacement pumps in chemical plants. These pumps are also widely used in HVAC, petroleum, mining, construction, manufacturing, agriculture, and power generation.

Mechanical Pump Market, By Application

• Oil and Gas
• Construction
• Chemicals
• Power Generation
• Water and Wastewater
• Others

Based on Application, The market is segmented into Oil and Gas, Construction, Chemicals, Power Generation, Water and Wastewater, and Others. The Construction segment holds a large number of market shares because of the increase in the urban population, which is supported by the rise in living standards. Increase investment in commercial, infrastructure, and institutional development projects, including bus stations, airports, train stations, and educational facilities. In addition, the increase in commercial facilities like entertainment centers, cinemas, shopping malls, hospitals, sports fields, and office buildings continues to push the segment’s market growth.

Emerging economies are undertaking various initiatives to promote industrialization by forming a favorable business environment for international investors while supporting the development of the local industry. In addition, some foreign companies are shifting their production operations to developing APAC countries to take advantage of low labor costs, which are expected to boost industrial construction further. Hence, with Construction activities constantly increasing globally, the Mechanical Pump Market is witnessing significant traction in the developing countries of Asia Pacific, the Middle East, and Asia. Latin America, with growth expected to increase over the forecast period.

Mechanical Pump Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Mechanical Pump Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is the fastest-growing segment in the market because of the several developing countries in the region, high industrial presence, and positive economic outlook. Growing urbanization and industrialization in the countries present abundant growth opportunities for Mechanical Pump Market players. The increasing use of enhanced technologies, increasing adoption of the Industrial Internet of Things (IIoT) across various industrial facilities, and growing safety mandates in developing countries such as India, Japan, and China, are the factors that increase the market growth of the Mechanical Pump Market.

Key Players

The “Global Mechanical Pump Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Denso, Delphi, Bosch, Continental, Carter Fuel Systems, MS Motorservice, Joinhands, Magneti Marelli, Daewha, and Pricol.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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