Plunger Pumps Market

Plunger pumps are high-pressure pumps which are used in many industries such as oil & gas for cleaning purpose. These are also used in chemical and pharmaceutical industry for process technology. The two main components of plunger pumps include power end and liquid end. The power end contains the mechanism to operate the plunger and the liquid end controls the pressure of the liquid. Seals are an essential part of plunger pumps which separates the power fluid from the media that is being pumped. Plunger Pumps are the special version of piston pumps and it does not reach the cylinder wall. Plunger pumps has a fixed seal in the stuffing box and it does not move with the piston. Plunger pumps finds its application in those industries where liquid needs to be pumped at high pressure and are majorly used to transfer industrial and municipal sewage. Few of the typical applications of plunger pumps are cleaning applications, pressure testing, urea production, surface preparation, and oil & gas production.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down the production of plunger pumps attributed to the lockdown in countries worldwide this has hampered the growth of plunger pumps from the last few months and is likely to continue during 2021
• COVID-19 has already affected the sales of plunger pumps in the second and third quarter of 2020 and is anticipated to grow in year 2021.
• The major demand for plunger pumps was previously noticed from countries including the U.S., Germany, Italy, UK, and China which are negatively affected by the spread of the coronavirus thereby declining the demand for plunger pumps.
• Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves plunger pumps manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID -19 health crisis.
• Plunger pumps manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID -19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

With urbanization, there has been an increase in the living standards of people, and there is growth in investments and the global economy has compelled development in urban infrastructural planning. As a result of these improvements, the demand for plunger pumps is expected to increase from segments such as construction, power generation, and water treatment.

A rise in the number of chemical factories in developing nations like India and China and across the world is also one of the key reasons for uplift in the plunger pumps market. The demand for plunger pumps in paper and pulp, water treatment, and marine industries anticipated to boost the market growth.

In recent years there has been a drastic fall in prices of oil, which affected the pump industry, and consequently, demand for plunger pumps also decreased. Another restraining factor is the lack of knowledge among the consumers about the feature of plunger pumps.

Market trends

• The market for plunger pumps is projected to experience growth in terms of CAGR in the Asia-Pacific region, followed by Europe and North America. This rise can be due to an increase in the development of infrastructure in developing nations.
• The disposal and wastewater treatment industry rising due to the increased requirement of sanitation, will also lead to a rise in demand for the plunger pumps market.

Key Benefits of the Report

• This study presents the analytical depiction of the plunger pumps along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the plunger pumps market share.
• The current market is quantitatively analyzed to highlight the plunger pumps market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed plunger pumps market analysis based on competitive intensity and how the competition will take shape in coming years.

 Plunger Pumps Market Report Highlights