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According to the latest report by IMARC Group, titled “Diaphragm Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global diaphragm market reached a value of US$ 3.2 Billion in 2021. A diaphragm pump is an actuated positive displacement pump that operates using varying pressure and flow rates. It is highly versatile and assists in transferring mud, clay, stones, oil sludge, concrete, food waste, debris waste, and industrial fluids on account of its suction lift properties. As a result, it is widely used for generating pressure and cleaning and spraying applications in aircraft and automobiles across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Diaphragm Pump Market Trends:
The increasing utilization of oil and gas in the residential, industrial and transportation sectors represents one of the major factors positively influencing the sales of diaphragm pumps worldwide. Moreover, a growing number of onshore and offshore exploration activities conducted to meet the surging fuel demand is driving the market. Apart from this, rising investments in water treatment plants are catalyzing the demand for these pumps as they help remove toxic elements from highly viscous liquids and solids. They also find applications in the refining, waste processing, bulk transfer, and wellhead injection around the world. Furthermore, product innovations like the launch of air-operated double diaphragm pumps, which can pump liquids with large solid particles, and the increasing use of digital technology that provides high precision, are supporting the growth of the market. Looking forward, the market is projected to expand at a CAGR of 4.9% during the forecast period (2022-2027).
Market Summary:
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