North American Diaphragm Pumps Market, Forecast to 2022
LONDON, April 24, 2017 /PRNewswire/ -- Rapid Developments in the Water and Wastewater and Chemical End-user Industries are Driving the Market
The aim of this market engineering study is to evaluate opportunities across several industry sectors in North America, assessing trends across the region during the study period. It covers the growth opportunities for process equipment pump companies across the region and explains how changing landscape and needs and requirements are driving the need for the adoption of diaphragm pumps that are smart and succinctly address every challenge that customers face. The report also highlights how the growth rate for diaphragm pumps in the North American region is expected to witness a gradual increase in terms of revenues and unit shipment size as economies recover and export markets are restored.
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This study brings out the latest trends in terms of industry, economy, and technology across several end-user industries for diaphragm pumps and sub-product types such as hydraulic diaphragm pumps, air-operated diaphragm pumps, and mechanical diaphragm pumps in the region. The study concludes with an analysis of forecast growth trends of the process equipment market during the forecast period.
Key questions the study answers include:
• How is the market expected to grow between 2017 and 2022?
• What are the key market drivers and market restraints impacting the North American diaphragm pumps market? How will these factors impact the market in the short and long terms?
• Which is the type of diaphragm pumps that is considered the most opportune for growth by end-user customers?
• What are the key business trends that are poised to disrupt the diaphragm pumps business?
• What are the major end-user industries for the diaphragm pumps market? Which are the industries that offer maximum growth opportunities during the forecast period?
• How has the competitive landscape changed? What is the relative position of competitors in the North American diaphragm pumps market?
Key Findings:
In 2016, the global diaphragm pumps market generated a revenue of $568.6 million. The CAGR for the time period 2016–2022 is estimated to be 1.7%, as the industries are in a recovering stage from the slow-moving growth rates of 2015.
The demand for air-operated double-diaphragm (AODD) pumps and metering pumps is soaring, propelled by widespread application in the chemical industry. This trend is expected to drive the growth of the overall the global diaphragm pumps market. Rapid development of global infrastructure and investment in cosmetics and pharmaceuticals are some of the other factors that contribute to the growth of AODD pumps.
Though investments are seen across the region, Asia-Pacific shows the highest growth rates, indicating a large demand for diaphragm pumps across end users in industries such as food and beverages, chemicals, and oil and gas.
Drivers:
• Low initial cost, cheaper repair and maintenance, and easier installation
• Wide application range of pumping fluids with varying viscosities
• Rising focus on the development of the water and wastewater industry in the United States and Canada
Restraints:
• Low profit margin per AODD pump
• High cost of operation associated with using the equipment
• Low-cost imports from the Asia-Pacific region placing pressure on market pricing
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