Market Forecast by Countries (United States, Canada), By Product Type (Gear, Vane, Screw, Lobe, Progressive Cavity Pumps, Piston, Peristaltic), By Capacity (Small (Up to 500 gpm), Medium (500-1,000 gpm), High (More than 1,000 gpm)), By End-use Application (Oil, Gas & Refining, Chemical, Water & Wastewater, General Industry, Power Generation) And Competitive Landscape
Product Code: ETC405834 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Rotary Pumps Market |
Forecast period | 2024-2030 |
CAGR | 8% |
Growing Sector | Oil, Gas & Refining |
The North America Rotary Pumps Market report extensively covers the market by Product Type, Capacity, End-Use Application, and Countries. The market report provides an unbiased and comprehensive analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to strategize and align their market strategies according to the current and future market dynamics.
The North America Rotary Pumps Market is witnessing robust growth due to rising demand in industries such as Oil, Gas & Refining, Chemical, and Water & Wastewater. With technological advancements and increased focus on process efficiency, there has been a surge in utilization of Rotary Pumps.
According to 6Wresearch, the North America Rotary Pumps Market is projected to register a healthy CAGR of 8% during the forecast period. The growth of the North America Rotary Pumps Market can be attributed to several factors such as increasing demand for oil and gas, growing investments in infrastructure projects, and a rise in industrial activities. Additionally, the need for efficient pumping solutions to meet stringent regulations and standards has also contributed to the growth of this market. Moreover, advancements in technology have led to improved performance and reliability of rotary pumps, further driving their demand in various industries such as chemical processing, water treatment, and power generation.
Despite promising growth prospects, there are challenges such as high acquisition and maintenance cost of Rotary Pumps and availability of alternative pumping solutions which could potentially hinder the market growth. The volatile global oil prices and fluctuations in demand for energy have led to uncertainties in the demand for rotary pumps. Furthermore, stringent environmental regulations regarding emissions and waste disposal can also pose challenges for manufacturers of rotary pump products.
The market is served by various key players such as Gardner Denver, Xylem Inc., KSB SE & Co., among others. These players are engaging in strategic initiatives like partnerships, collaborations, and product launches to enhance their market presence and fortify their position in the industry. Currently, Gardner Denver holds the largest market share.
The North America Rotary Pumps Market is subject to various government regulations and standards. For instance, in the US, rotary pumps used for transferring fuels such as gasoline and diesel must comply with UL 79 standards which ensure the safety of pump systems. In Canada, rotary pumps used in the oil industry must meet CSA B140.3 standard for performance and reliability.
The North America Rotary Pumps Market is expected to witness significant growth in the coming years due to continuous advancements in pump technology and increasing demand from industries such as oil, gas & refining, chemical, and water & wastewater. The market is also likely to see a rise in demand for customized and innovative pumping solutions to cater to specific industry needs. Moreover, with the growing focus on sustainability and energy efficiency, there is a growing trend towards adoption of rotary pumps that are designed for high performance while minimizing energy consumption.
According to Dhaval, Research Manager, 6Wresearch, the Gear type holds the dominant share in the market due to its wide range of applications in the Oil, Gas & Refining industry.
Small capacity rotary pumps (Up to 500 Gpm) hold the dominant share in the market due to their wide applications.
The Oil, Gas & Refining sector is the major end-user of Rotary Pumps in North America and is expected to retain its dominance in the future.
The United States holds the largest share in the North America Rotary Pumps Market, followed by Canada, due to technological advancements and increased adoption of Rotary Pumps in these countries.
The market study offers an exhaustive analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Rotary Pumps Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Rotary Pumps Market Revenues & Volume, 2020 & 2030F |
3.3 North America Rotary Pumps Market - Industry Life Cycle |
3.4 North America Rotary Pumps Market - Porter's Five Forces |
3.5 North America Rotary Pumps Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Rotary Pumps Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.7 North America Rotary Pumps Market Revenues & Volume Share, By Capacity, 2020 & 2030F |
3.8 North America Rotary Pumps Market Revenues & Volume Share, By End-use Application, 2020 & 2030F |
4 North America Rotary Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Rotary Pumps Market Trends |
6 North America Rotary Pumps Market, 2020 - 2030 |
6.1 North America Rotary Pumps Market, Revenues & Volume, By Product Type, 2020 - 2030 |
6.2 North America Rotary Pumps Market, Revenues & Volume, By Capacity, 2020 - 2030 |
6.3 North America Rotary Pumps Market, Revenues & Volume, By End-use Application, 2020 - 2030 |
7 United States Rotary Pumps Market, 2020 - 2030 |
7.1 United States Rotary Pumps Market, Revenues & Volume, By Product Type, 2020 - 2030 |
7.2 United States Rotary Pumps Market, Revenues & Volume, By Capacity, 2020 - 2030 |
7.3 United States Rotary Pumps Market, Revenues & Volume, By End-use Application, 2020 - 2030 |
8 Canada Rotary Pumps Market, 2020 - 2030 |
8.1 Canada Rotary Pumps Market, Revenues & Volume, By Product Type, 2020 - 2030 |
8.2 Canada Rotary Pumps Market, Revenues & Volume, By Capacity, 2020 - 2030 |
8.3 Canada Rotary Pumps Market, Revenues & Volume, By End-use Application, 2020 - 2030 |
9 North America Rotary Pumps Market Key Performance Indicators |
10 North America Rotary Pumps Market - Opportunity Assessment |
10.1 North America Rotary Pumps Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Rotary Pumps Market Opportunity Assessment, By Product Type, 2020 & 2030F |
10.3 North America Rotary Pumps Market Opportunity Assessment, By Capacity, 2020 & 2030F |
10.4 North America Rotary Pumps Market Opportunity Assessment, By End-use Application, 2020 & 2030F |
11 North America Rotary Pumps Market - Competitive Landscape |
11.1 North America Rotary Pumps Market Revenue Share, By Companies, 2023 |
11.2 North America Rotary Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |