The global diaphragm pump market to grow at a CAGR of 5.2% during the period 2016-2020.
Global Diaphragm Pump Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the main drivers aiding the growth prospects for this market is the adoption of solar pumps. The UN estimates that agriculture accounts for 70% of global freshwater use, a fact that must be considered in the light of the amount and consistency of power required to obtain the water. In many rural areas of India, Pakistan, Yemen, Bangladesh, and South Africa, there are restrictions on continuous access to power grids.
Therefore, in these regions, most of the electricity needed for agricultural purposes is produced using diesel generators, which cause noise and environmental pollution and are costly to operate. When the demand for water increases during the growing season the price of the fuel also soars.
Further, the report states that fluctuations in oil and gas industry is impacting the demand for metering pumps. There may be indications that the demand and supply of crude oil may finally be balancing out with the recent rise in oil prices. The global oil market was rocked by a period of volatility with prices falling from more than USD 100 per barrel in late 2014 to USD 50 per barrel in June 2016.
In the best case scenario, oil prices could rise until production increases so that the decline in inventories due to the decrease in drilling activities is offset. On the other hand, the decrement in price of oil will result in a structural change in crude oil demand-supply dynamics.
Other prominent vendors
- Alltech Dosieranlagen
- Blue-White Industries
- DEPAMU Pump Technology
- ProMinent Dosiertechnik
- Watson-Marlow Fluid Technology Group
- Pump Solutions Group
For more information visit http://www.researchandmarkets.com/research/9s5trd/global_diaphragm
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SOURCE Research and Markets