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The global mechanical pump market is experiencing significant growth and is expected to grow considerably in the next few years. Mechanical pump is used across various industries to transfer fluids between different systems. They incorporate mechanical actions to move fluid from the low-pressure area to the high-pressure area. Furthermore, they are used as boosters in a long pipeline network. In addition, it can be used to simply move fluid in a loop around a system. They are widely used in industries such as construction, manufacturing, and oil & gas to pump fluids such as water, fuel, chemicals, and other fluids, including slurries. These pumps are categorized as single-stage and multi-stage, based on the total number of mechanical actions they incorporate to pump fluid. Typically, more stages means more efficiency. This is the reason why multi-stage pumps are in high demand. Moreover, mechanical pumps are advanced machinery, and major players in the mechanical pump industry adopt advanced technologies to increase the efficiency and pumping capacity of their products to sustain the competition in the mechanical pump market.
Market Scope and Structure Analysis
Description
A mechanical pump is a machine that pumps fluid by creating vacuum to produce low pressure, which causes the fluid to rise to a higher altitude. They are of two types: positive displacement pumps and centrifugal pumps. A positive displacement pump moves a fluid by enclosing a fixed volume of fluid and moving it mechanically, whereas the centrifugal pump uses impellers to create vacuum or lower pressure on one side of the pump to suck and pump the fluid.Â
COVID-19 Impact Analysis
Top Impacting Factors
Rapid urbanization across the world is driving a huge demand in the construction sector. The construction industry uses mechanical pumps to pump concrete and other slurries and fluids. Thus, the rise in construction is expected to boost the demand for the mechanical pump market. Furthermore, the oil & gas sector is witnessing a boom due to the rapid rise in the global population. This pattern is expected to drive demand in the mechanical pumps market. Moreover, the wide range of usage of mechanical pumps makes them versatile machines, so the demand in the mechanical pump market is anticipated to increase. However, cavitation, which is one of the inherent problems of mechanical pumps, is a restraining factor hindering the growth of the mechanical pump market. Contrarily, technological developments in mechanical pump products such as adoption of automation, use of the internet of things (IoT), and other industry 4.0 advancements can boost the efficiency and life of the mechanical pumps. This is expected to create lucrative opportunities for the mechanical pump market's growth during the forecast period.
Market Trends
Key Benefits of the Report
Mechanical Pump Market Report Highlights
Aspects | Details |
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By Pump Type |
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By Stage Type |
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By Application Type |
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By End-user Industry |
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By Region |
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