New York , United States – The global diaphragm pump market size was US$ 5.71 billion in 2021. The global diaphragm pump market size is forecast to reach US$ 9.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.
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Diaphragm pumps are among the most widely used pumps in the field of positive displacement pumps. In addition, diaphragm pumps combine the reciprocating action of the diaphragm made of thermoplastic, Teflon, or rubber with valves (flap valves, globe valves, check valves, butterfly valves, or any other type of the valve) on either side of the diaphragm to pump fluids. Many factories use diaphragm pumps as they are able to handle a variety of fluids. The diaphragm pumps are also known for their ability to move high viscosity and solid-containing liquids as well as high viscosity liquids.
COVID-19 has curtailed the global movement of people, goods, and services, including most regions that manufacture diaphragm pumps. In an effort to contain the spread of COVID-19, several state, local, and federal governments have imposed various restrictions on business and travel, such as stay-at-home orders, which have slowed or closed a significant number of companies. Due to the high peak of the COVID-19 situation, the manufacturing of diaphragm pumps ceased for a specific period. It resulted in a significant impact on the diaphragm pump’s sales. The sale of diaphragm pumps is directly related to the demand for oil and gas. The oil and gas industries have been adversely affected by the COVID-19 outbreak and saw severe declines in crude prices in 2020. Thus, the COVID-19 pandemic negatively impacted the global market growth.
The Asia Pacific region held dominance in the global diaphragm pump market in 2021 and is forecast to continue growing rapidly during the forecast period. There are several leading countries that are likely to influence both the global and regional markets during the forecast period, including China, India, and Japan. A growing population and foreign direct investments coupled with rapid urbanization propel the market growth in the APAC region. In addition, the growing pharmaceutical and chemical industries are boosting the market’s growth.
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The leading prominent companies profiled in the global diaphragm pump market are:
The global diaphragm pump market segmentation focuses on Mechanism, Operation, Discharge pressure, End-User, and Region.
Segmentation based on Discharge pressure
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?This report provides comprehensive information on factors expected to influence the market growth and market share in the future. ?The report offers the current state of the market and future prospects for various geographical regions. ?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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