Rotary Pump Market – Growth, Trends, And Forecast (2019 – 2024):-
The report presents an in-depth assessment of the Rotary Pump including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Rotary Pump investments from 2019 till 2024.
The global rotary pump market was valued at USD 4.756 billion in 2018. The market is expected to reach USD 5.55 billion by the end of 2024, witnessing a CAGR of 3.09% during the forecast period (2019-2024).
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Rotary Pump Market: Dover Corporation, Colfax Corporation, SPX Flow Inc., Xylem Inc., IDEX Corporation, Atlas Copco AB, Pfeiffer Vacuum Technology AG., ULVAC Inc., Busch Systems, Gardner Denver Holdings Inc., and others.
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Scope of the Report
A rotary vane pump is a positive-displacement pump that consists of vanes mounted to a rotor that rotates inside a cavity. In some cases these vanes can have variable length and/or be tensioned to maintain contact with the walls as the pump rotates.
Regional Analysis For Rotary Pump Market:
For comprehensive understanding of market dynamics, Rotary Pump Market is analyzed across key geographies namely: North America, US, Europe, Australia, Mexico, UK, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Key Market Trends
Food & Beverage Sector to account for Significant Share
The European food & beverage industry is the major contributor to the overall economy, ahead of all other manufacturing sectors (including automotive).
The industry is the largest in terms of value added ( 1.8% of gross value addition) and a number of jobs. The industry contributes to the trade surplus, owing to product acceptance overseas. From the past decade, the export in the industry has almost doubled to reach a positive balance of EUR 30 billion.
The EU government is also working to increase the competitiveness of the food sector, by creating new opportunities for trade. Consequently, complying with the growing sanitary regulations (both domestic and international), and catering to growing food consumption worldwide, is expected to further drive the rotary pump market in the region.
China to account for Major Share in the Market
Adoption of rotary pumps is influenced by factors, like growth in infrastructure. The Chinese government is focusing on improving the infrastructure, in order to attract additional foreign investments and manufacturing industries, thereby strengthening the overall production output.
Additionally, one of the major challenges faced by the market is the increase in the cost of raw materials. The raw materials include bronze, polycarbonate, cast iron, and stainless steel, the cost of which is increasing as a result of rising inflation and supply shortage.
China is expected to account for a significant share of the global electricity output over the next few years, up from 19.2% in 2010. In order to achieve this, China has implemented more than 33 policy initiatives to support renewable electricity, particularly in areas like solar and wind energy.
In China, around 30-50 industrial projects were approved over the past few years, which are likely to drive the demand for pumps. The aforementioned factors greatly influence the present tremendous growth opportunities for the rotary pump market.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Rotary Pump Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
Finally, Rotary Pump Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
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– 3 months of analyst support
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