Piston Pump Market is Expected to Reach $14.5 billion by 2032

According to a market report, published by Sheer Analytics and Insights, The global piston pumps market was valued at $10.2 billion in 2021 and it is expected to reach $14.5 billion at a CAGR of 3.1% between 2022 and 2032.  Piston pumps have several benefits. This pump has high power density, compact size, optimal efficiency, and dependability. Due to these advantages, the market is getting several growth opportunities over the past few years. Moreover, several end-user industries are using piston pumps by arranging several pistons which are cylindrical blocks. Due to this increasing demand, the growth of piston pump market is expected to grow in multiple manufacturing industries across the globe. Additionally, growth of the oil and gas industry and irrigation sector is rising. These are other factors that are driving the market growth. However, a couple of years ago, the outbreaks of COVID-19 negatively impacted the piston pump market which has hindered the growth of the market. Thus, production was stopped during that time, which has hampered the market for a while. After the epidemic situation, the market is gradually gaining growth opportunities.

Piston pumps can be controlled without affecting the flow rate. Pressure and flow rate changes have little effect on performance. Moreover, other advantages include the range of pressure is wide, and the force could be managed without moving flow rate. Additionally, if they are properly maintained, they could have a long performance life and would serve well throughout. These pumps are essential for many businesses for a long period. Due to all these major factors, the market is estimated to gain significant growth opportunities over the forecast period. The demand for piston pumps was seen in several developed countries such as the U.S, U.K, Canada, Mexico, and China, among others.

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Multiple manufacturing companies are focusing on creating innovative piston pumps for the benefit of multiple end-user industries. This increasing demand would also drive market growth. Furthermore, Demand for petrol and diesel is also rising across developed countries from some regions. The automobile industry is growing, which would also drive the piston pump market. The population is rising globally, which is another key driver for the global piston pump market. However, piston pumps are also able to move viscous fluids as well as other fluids that contain rigid particles. These pumps are also widely used in industrial processing machinery, high-pressure cleaning, and liquid pumping. Therefore, all these major benefits are anticipated to drive the growth of the market in the future. Food and beverage sectors, food processing industries, and other manufacturing industries are adopting piston pumps due to their several uses such as transferring, mixing, and dosage fluids. These pumps can be used in food processing to prevent bacterial growth and food contamination. All these major factors are projected to accelerate the market growth in the upcoming years.  

Several primary factors are restraining the growth of the piston pump market. For example, the high cost of maintenance is one of the major factors in under-developing nations, which is hampering the growth of the market. From the beginning of the installation process to the maintenance work, there is a high level of expenditure. Any kind of small parts of the pump is also expensive in the market. In addition, another aspect is hampering the market growth and that is the multiplex functionality of various kinds of piston pumps. These factors are the primary obstacles hampering the market growth in several under-developing nations.      

Some of the new product launches in the past two years are listed below:

• In 2020, KNF launched compact swing piston pumps. This pump would deliver high-flow and high-pressure performance in a compact size. Additionally, this pump would work well for medical diagnostics, therapy, monitoring, general compression applications, and more.
• In 2020, KNF launched a new compact high-flow swing piston pump. This product is ideal for medical diagnostics, therapy, monitoring, and general compression applications.
• In 2021, Moog launched new series of high-pressure radial piston pumps. This would help customers to address a wider range of applications.
• In 2021, Alfa Laval launched a new DuraCirc Circumferential piston pump. This product would deliver robust design, high efficiency, and reliable operation.

Therefore, these new launches are expected to drive the growth of the global piston pump market during the forecast period from 2022 to 2032.                                                       

According to the study, key players dominating the global piston pumps market are Annovi Reverberi (Italy), Alfa Laval (Sweden), Comet Company (U.K), Bailey International (U.S), Danfoss (Denmark), Daido Machinery Corporation (Japan), Hydac (Germany), Ingersoll Rand (U.S), InterPump Group (Italy), Daikin (Japan), FlowServe (U.S), Kawasaki Heavy Industries (Japan), Rober Bosch Stiftung GmbH (Germany), Moog Inc (U.S), Nikkiso Co Ltd (Japan), Parker Hannifin (U.S), PSM-Hydraulics (Russia), Sulzer (Switzerland), TechnipFMC (U.S), WeiChai Power (China), among others.

The Global Piston Pumps Market Has Been Segmented Into:

The Global Piston Pumps Market – by Product Type:

• Lift
• Force
• Axial
• Radical
• Others

The Global Piston Pumps Market – by Material Type:

• Cast Iron
• Plastic
• Stainless Steel
• Others

The Global Piston Pumps Market – by End-User Industry:

• Hydraulic Systems
• Industrial Processing Equipment
• Oil and Gas
• Food and Beverage
• Others

The Global Piston Pumps Market – by Regions:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • France
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Australia
  • Rest of Asia Pacific
• LAMEA

• Middle East
• Saudi Arabia
• UAE
• Others
• Latin America
• Brazil
• Chile
• Others
• Africa
• South Africa
• Egypt
• Others

Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/piston-pump-market-21