Global membrane pump market to reach $5.1 billion by 2030: Allied Market Research

Rise in demand from end-user sectors such as water & wastewater, oil & gas, food & beverages and chemicals & petrochemicals drive global membrane pump market.

PORTLAND, OREGON, UNITED STATES, December 8, 2021 /EINPresswire.com/ -- As per the report published by Allied Market Research, the global membrane pump market generated $3.3 billion in 2020, and is expected to reach $5.1 billion by 2030, manifesting a CAGR of 4.8% from 2021 to 2030. The report provides a detailed analysis of major drivers & opportunities, key segments, investment pockets, competitive landscape, and key players.

Eswara Prasad, Manager, Energy & Power at Allied Market Research, stated, " Rise in demand for membrane pumps from end-use sectors including chemical and water & wastewater treatment propels the global membrane pump market. Furthermore, technological development has caused a surge in the adoption of membrane pumps in many sectors. However, a problem associated with pulsation is expected to hinder the global membrane pump market growth. On the contrary, rise in demand from pharmaceutical sector is expected to create several market opportunities.”

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COVID-19 scenario:
• The disruptions in the supply chain due to COVID-19 caused lockdown, and short-term disruption in the construction, oil & gas, and water treatment facilities affected the membrane pump market in 2020.
• Many governments across the world cut down subsidiaries on membrane pumps due to the COVID-19 pandemic.
• The lockdown has also caused a demand-supply gap, interruptions in raw material procurement, and price volatility. This is projected to hamper the growth of the industry during the COVID-19 pandemic.

The global membrane pump market is segmented on the basis of end-use industry, operation, method, discharge pressure, and region.

Based on the method, the air operated segment contributed to the highest market share in 2020, attributing to nearly three-fourths of the global market, and is estimated to maintain the leadership position throughout the forecast period. The same segment is expected to demonstrate the highest CAGR of 5.1% from 2021 to 2030. The report also covers the electrically operated segment of the market.

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Based on operation, the double segment dominated the holding the largest share that attributed to nearly four-fifths of the global membrane pump market in 2020. The same segment is anticipated to manifest the largest CAGR of 5.0% from 2021 to 2030. The report also analyzes the single segment.

Based on region, the Asia-Pacific region, followed by North America, accounted for the largest revenue share in 2020, contributing to nearly one-third of the global market and will maintain its lead position during the forecast period. The same region is expected to register the fastest CAGR of 5.4% from 2021 to 2030. The report includes analysis of other regions such as Europe and LAMEA.

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Key leading players of the global membrane pump market include Flowserve Corporation, Grundfos Holding A/S, EMEC s.R.l., Leak-Proof Pumps, Ingersoll Rand, LEWA GmbH, TAPFLO AB, SEKO S.P.A., and Xylem, Inc.

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