Fast Market Research announces the availability of the new TechNavio report, "Global Positive Displacement Pumps Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/21/2015 -- Pumps are machines used to move fluids from one place to another, and they are also used in industrial plants to facilitate the circulation of fluids through a system to increase the operational performance of the plants. A positive displacement pump moves fluid by trapping a fixed amount of it, and then forcing that trapped volume into the discharge pipe. These pumps are widely used across the globe by various industries such as mining, oil and gas production, oil refining, chemical, power generation, food and beverage, machinery, aerospace, shipbuilding, automotive, pharmaceutical, pulp and paper, marine, water and sewerage, agriculture, and construction.
Technavio's analysts forecast the global positive displacement pumps market to grow at a CAGR of 6.69% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "There has been increased focus on automation in all the process and discrete industries around the world to reduce the human intervention and speed up the factory operations. The concept of smart factories is increasingly implemented by industries to get better control of the operations and information flow within and outside industries. The cloud and remote monitoring of devices such as pumps and compressors are gaining significance, and vendors are trying to provide these innovations as part of their product. The remote monitoring of pumps helps in controlling critical operations from a centralized command center and reduces the risk of accidents. Cloud technology can be used for retrieving and accessing critical information regarding pump operations. These innovations and the development of specific software for these purposes will define the PD pumps market in the future."
Get More Details on this Report and a Full Table of Contents at Global Positive Displacement Pumps Market 2015-2019
According to the report, there has been an increase in regulations in sensitive industries such as pharmaceutical and food and beverage regarding process safety during operations and prevention of contamination. Since pumps are an integral part of these industries, the demand for PD pumps has grown in all the end-user industries as they are relatively hygienic in their operations.
Further, the report states that though the demand for oil and gas is increasing, the price of oil and gas has fallen considerably because of the high supply in the market, leading to a reduction in the annual investments of the oil companies in the future.
The key players in the Global Positive Displacement Pumps Market are Flowserve, Grundfos Holding, ITT, KSB and Sulzer while other prominent vendors include Baker Hughes, Colfax, Del PD Pumps & Gears, Delta Group, Ebara, HERMETIC-Pumpen, IDEX, Pentair, Schlumberger, SPX, Verder Group, Weir Group and Xylem
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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