Diaphragm Pumps Market

PSG (US) and IDEX Corporation (US) are the Leading Players in the Diaphragm Pumps Market

The global diaphragm pumps market is expected to grow from an estimated USD 6.1 billion in 2022 to USD 7.6 billion by 2027, at a CAGR of 4.5% during the forecast period. The growth of water and wastewater treatment industry and the spurt in oil & gas activities are main drivers for the diaphragm pumps market. Growth in pharmaceutical industry is expected to offer remunerative opportunities for the diaphragm pumps market during the forecast period.

The leading players in the diaphragm pumps market include PSG (US), IDEX Corporation (US), Flowserve Corporation (US), Ingersoll Rand Inc. (US), and Xylem Inc. (US). Growth strategies adopted by these players include sales contracts, product launches, partnerships, merger and acquisitions to increase their presence in the global market.

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PSG (US) was the leading player in global diaphragm pumps market in 2021. IDEX Corporation (US) followed second position in global diaphragm pumps market with the product portfolio comprising pumps, water, energy, valves and agriculture. IDEX Corporation’s operating margin in 2021 increased to 26.1% compared to 25.6% in 2020. Flowserve Corporation (US) holds third largest share in global diaphragm pumps market and offers products like pumps, valves, seals, actuation and instrumentation, energy recovery devices and decoking system. Flowserve Corporation’s total sale in 2020 was 5.4% lower, as compared to 2019. The decrease in sales was primarily attributed to decreased sales into North America, Europe, Africa, South America and Asia Pacific. It, however, was partially offset by increased sales in the Middle East.

PSG (US) is a global pump solutions expert and enables safe and efficient transfer of critical and valuable fluids and materials that require optimal performance and reliability. PSG, part of Dover Corporation, is a fully integrated company with a worldwide scale, global distribution, and considerable financial strength. PSG conducts its operations through five business segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions, and Climate & Sustainability Technologies. Pumps & Process Solutions segment offers diaphragm pumps. The company has a vast product portfolio for specialty pumps and flow meters. PSG mostly focuses on strengthening its market position through acquisitions, sales contracts, and product launches. It is also focusing on globalizing its brands across geographies while expanding sales channels and engineering support. Acquisition-related growth increased by 1.0%, which was primarily driven by the acquisition of Quantex and one other immaterial acquisition. The company serves its customers through global operations and a channel-partner network, which covers more than 100 countries with operating facilities in North America, Europe, Australia, and Asia.

IDEX Corporation (US) is an applied solutions provider serving niche markets worldwide. The company’s business activities are carried out through over 40 wholly-owned subsidiaries with shared values of trust, team and excellence. The Company has three reportable segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). Within its three reportable segments, the company maintains 13 reporting units namely automotive, water, chemical, semiconductor, agriculture, industrial, fire & safety, life sciences. energy, food & pharma, analytical instruments, paint, and others. The total revenue of the company for 2021 increased to 14%  compared to 2020. The segmental revenue generated by the Fluid & Metering Technologies segment contributed to 36.1% of the total revenue in 2021. The company’s primary growth strategy is acquisition, and acquired companies like Nexsight, LLC, Airtech Group, Inc., ABEL Pumps LP in 2022 and 2021. The Company’s products and services are available worldwide, with manufacturing operations in more than 20 countries. The businesses located outside the U.S. are primarily based in Germany, U.K., Italy, India, China, Canada and The Netherlands.

Related Reports:

Diaphragm Pumps Market by Mechanism (Air Operated and Electrically Operated), Operation (Single Acting and Double Acting), Discharge Pressure (Up to 80 Bar, 81 to 200 Bar & above 200 Bar), End User and Region - Global Trends & Forecast to 2027

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Diaphragm Pumps Market Size,  Share & Growth Report
Report Code
EP 4189
RI Published ON
4/22/2022
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